Neobanks may have lost their shine, but the fintech revolution is far from over
Now, a few years on from what seemed like an unstoppable rise, things aren’t quite so rosy.
Financial Services/Finserv
Fintech execs race towards workplace diversity
Divido’s Christer Holloman launches Fintech Finishers to raise D&I awareness.
European Investment Bank invests $80m in Lithuania’s SME Finance
The firm is charged with backing Baltic enterprises through the COVID-19 pandemic.
Grab leads $100m investment in Indonesian e-wallet LinkAja
Singaporean fintech begins investment project in Indonesia.
Nigerian challenger bank Kuda raises $10m in seed funding
Kuda completes the largest seed round in Africa.
Banco Santander’s VC arm invests in Spanish proptech Clikalia
Clikalia’s IPO ambitions were likely a big part of Santander’s decision to invest now.
Let them eat cake
The pay-off in building a bank for the future vs the short-term gains of playing it safe is worth every single bite.
Sber talks Big Tech strategy two years on from Yandex rebuff
“People think we just bought a load of start-ups and slapped our name on them,” says CTO.
Brazilian malware Ghimob targets 153 financial apps
Kaspersky researchers believe the malware is ready for a world tour.
New wealth managment app Fortu plans crowdfunding campaign
The wealthtech says it provides “secure, reliable and international financial reach”.
UK government signs London fintech Judopay for digital payments
“Everything from tax payments to donations to charities” come under the deal.
Australia Post signs business lending tie-up with Valiant Finance
Aussie businesses can now get loans from their local post office.
Trulioo hires Leigh Ramsden as new CFO
Former Absolute Software man joins up with Trulioo next week.
The pursuit for equality
I decided I wanted to play a part in empowering women and other underrepresented individuals.
Webinar: Winning over senior management with a low-code approach to digital transformation
Real use cases for low-code and why using it for in-house development is a viable alternative to using third-party products.
Webinar: Managing data today – real time, real AI, real application
Learn how effortless it is to transform your operations and take data processes to the next level.
EXCLUSIVE: Bank of Ireland planning UK tech revamp
Irish lender aiming to switch things up for its UK operations.
BBVA taps Amazon and Bloomberg for cloud-based equities platform
Spanish giant launches “BBVA C-fit” for its corporate banking division.
Brazil prepares launch of new regulatory sandbox
Country’s central bank wants “integrity, reliability, and security” from participants.
Why COVID-19 could spur the next phase of bank branch evolution
This shift in the function of bank branches has been underway for decades.
Three UK fintechs raise over $100m in funding this month
Starling, Curve and GoCardless are raising rounds in excess of $100m.
Swiss government launches green fintech network
Sustainable investments in Switzerland have risen to CHF 1.16 trillion ($1.2 trillion).
Hong Kong and China pair up on digital currency experiment
The two have joined with Thailand to promote commerce in Southeast Asia.
US fintech lender Upstart Holdings files for IPO
To date, the fintech has raised some $165 million in funding.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
Banco Santander & CaixaBank back Spanish digital identity project
The project is calling for further partners to join the project to boost overall usage in Spain.
Is your back-office ready for real-time payments?
Baldwin relays his thoughts on the firm’s award-winning Concourse Financial Software suite.
Video: Top fintech stories this week – 06 November 2020
FinTech Futures’ weekly news round-up.
Breaking down banks
Any one of these layers may have its own technical architecture or even be a separate business.
Webinar: Top use cases for risk analytics in banking
Actionable insights and tested approaches to fighting account takeover fraud and mobile channel attacks.
ING pumps brakes on digital banking plans, plans 1,000 job cuts
Dutch bank forced to pull back on widespread CX changes after €140m already spent.
Lloyds plans 1,040 job cuts to back office support staff
The figure brings Lloyds’s total cuts to 1,900 this year.
UMassFive College Federal Credit Union goes live on Fiserv’s DNA
Fiserv EVP praises the credit union’s “commitment, dedication and efforts”.
Barclays gets 198 applications for Black founder tech accelerator
“I recognised there was more that we could do, and my employer completely backed me.”
UK challenger Witty builds out tech stack with Oracle
The start-up already has some 25 employees.
2020 has revealed the ATM’s untapped value
Service is the key to maximising the ATM value for the future.
Research report: Post-trade operations realities – challenges and priorities for 2021
Learn how you can re-evaluate your current operational set-up with a view to dealing with continued market volatility.
UK banks and challengers ranked: from on-boarding to app functionality
We use an analytics platform to figure out which UK banks are giving their customers the best service.
FinTech Futures Jobs: five jobs you can apply for right now at these fintechs in Europe
Featuring vacancies at Cleo, Monzo, OakNorth, and more!
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
