Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
Financial Services/Finserv
American Eagle Financial Credit Union picks Fiserv’s DNA
Connecticut-based credit union picks DNA for “scaleability”.
Plum lands $10m for European expansion
To date, Plum has raised $19.3 million.
Almost soup
Optimism might get you out of your chair and striving for a better tomorrow, but it isn’t optimism that gets you there.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
Singapore FinTech Association launches new innovation lab
The Nexia InnoLab will connect start-ups with local businesses.
BlackRock banking malware capable of targeting 337 apps
New malware strain emerges from old source code.
Third wave of COVID-19 forces Hong Kong banks to close branches
11 lenders will partially or completely shut down operations at some 58 branches.
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
Charity donation fintech Goodworld launches in Australia
Its feature #donate allows donors to send instant donations via social media.
Accuity partners with Encompass to automate client KYC
Encompass technology implemented into Accuity’s Bankers Almanac solution.
Finastra and Microsoft extend cloud deal
The new deal is hailed as a “step change” in the pair’s relationship.
UK challenger The Reserve postpones launch due to COVID-19
The Reserve is built green “from inception”.
Virgin Money launches beta of new home buying app
The app is part of Virgin Money’s wider digital transformation strategy.
A search for calmer waters
Businesses across all industry sectors will face three stages over the coming months.
Lloyds commits to increase Black staff in senior roles
It employs 40 Black members of staff across its more than 7,000 strong senior exec team.
UK government launches review to boost fintech sector
The review intends to establish priority areas for industry, policy makers, and regulators.
Money manager for freelancers Flow lands Dutch PSD2 licence
The idea for Flow originated on an alpaca farm in Drenthe.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
PayTech Awards 2020 – call for judges
Join our all-star judging panel!
Latvian regulator fines Signet Bank €906k for AML issues
FCMC fines Latvian private bank after on-site inspections.
Aussie fintech Wildcard shuts down due to COVID-19
The savings firm couldn’t keep up with the economic impact of coronavirus.
Faroe Islands speed up ecommerce with Clearhaus and Terminal.fo
The Faroe Islands are “experiencing a boom in the number of online businesses”.
National Bank of Bahrain picks Bloomberg risk management tech
TOMS and MARS to be deployed at the GCC bank.
FCA confirms post-Brexit cooperation deals with EU regulators
UK watchdog says agreements remain “relevant and appropriate”.
From open banking to open finance
It’s only in 2020 that we see the quality, reliability, and range of APIs connecting to accounts that realise the regulators’ vision.
The roaring 20s: when the asset manager becomes a data manager
Failure to adapt won’t just impact your existing client base’s investments.
Report: Shareholder Rights Directive (SHRD) – the impact on securities processing
Creating an attractive environment for shareholders of exchange-listed companies in the EU and improving their corporate governance.
MoneyLion launches RoarMoney with MetaBank & Mastercard
RoarMoney is priced at $1.00 a month.
Finsie to launch US price comparison service
The fintech launched its beta in July.
Study finds discrimination against Black small business loan applicants
Of the groups studied, Black women received worse treatment in 59% of cases.
UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
FCA and City of London to create COVID-19 inspired digital sandbox
The sandbox will be for both start-ups and “large financial institutions”.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
Hummingbird raises $8.2m led by Flourish Ventures
Flourish Ventures led the round, with new support from Stripe alumni Lachy Groom and Jon Zieger.
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Swiss digital asset tech partner Metaco lands $17m Series A
Investor Standard Chartered says “digital assets are here to stay”.
How fintech is transforming financial management capabilities for small businesses
Most business-facing fintech tools have adopted usability conventions from consumer-facing apps.
Video: Top fintech stories this week – 17 July 2020
FinTech Futures’ weekly news round-up.
Webinar: The bottom line – simplifying digital evolution in financial services
Learn how to be be competitive, fast and secure – and the technologies to underpin the digital journey.
