Wirecard signs payments processing partnership with Visa
The two firms will work on Visa’s Fintech Fast Track Program in the Middle East.
Financial Services/Finserv
World Fintech Report 2020: “Traditional banks are at a critical juncture”
“They must embrace Open X or risk becoming irrelevant,” says John Berry, CEO of Efma.
Jumhouria Bank goes live on SmartStream cash reconciliation system
Libya’s largest bank signed for the platform back in July 2018.
Curve bags former PSR CEO as advisor on regulation strategy
Nixon managed the PSR for five years until last year.
Klarna exec jumps back into banking as CIO of Bluestep Bank
Klarna’s former VP of Engineering says he can’t wait to build “a mortgage bank for all”.
Singapore’s new blockchain industry group BAS launches
The group is the result of a merger between two 2018-founded entities.
Crypto Finance raises $14.5m in Series B funding
The new capital will help the firm gain a Swiss broker-dealer licence.
Explained: Protecting your ideas
Does your fintech need a patent? Does your invention need protection, or will you need something else?
Harnessing new technologies to stop today’s modern account takeover threats
Pairing face-based biometrics with certified liveness detection to crack down on ATO fraud.
Certified liveness detection a must for FCA recommended customer selfies
How to comply with the legislation and ensure that appropriate safeguards and additional checks are in place.
DCI nabs Vetter tech suite from AFT Analytics
DCI continues an acquisitive streak focused on strategic growth.
Trade Republic lands $62m in Series B funding
German firm secures one of the largest Series B funding rounds the region has ever seen.
Mizuho Bank launches face ID biometrics for online banking
The Japanese bank has partnered with Google Cloud Japan for the project.
UK government launches £1.25bn coronavirus Future Fund for start-ups
Start-ups can apply for loans between £125,000 and £5 million.
Spendesk co-founder departs after 12 month-long discussions
The remaining co-founders Ardant and Guilhem are gearing up to double the team again.
Varo Money takes on Moven’s consumer accounts
Accounts with Moven will shut on 30 April 2020.
Funding Circle becomes first lending marketplace to issue UK CBILS grants
The marketplace has already originated more than £6.2 billion in loans.
Airwallex raises $160m in Series D funding to fuel global expansion
Payment unicorn plans acquisitions, partner programmes, and more.
Snoop launch a month early “to help households during coronavirus”
The fintech is headed by ex-Virgin Money CEO Dame Jayne-Anne Gadhia.
Auriga snaps up LDM security platform from S21sec
Italian technology vendor Auriga has acquired ATM cybersecurity platform Lookwise Device Manager (LDM) from Spanish security firm S21sec. Auriga plans to integrate its new acquisition into the WWS software suite, designed for security monitoring and control of networked devices including ATMs, point of sale, and payment control systems. Designed as an integrated security solution, Auriga […]
All things equal
Understanding where the industry stands at present in terms of the gender gap is essential to trying to address it.
COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
The rise of P2P FX
P2P initiatives aimed at helping corporates transact more efficiently will continue to gain traction.
Video: Top fintech stories this week – 17 April 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini’s MD for Europe, Julian Sawyer, thinks about digital currencies.
Hi-Pay launches Mongolian payments gateway with ACI Worldwide
Hi-Pay selected ACI’s UP eCommerce Payments system.
Stripe bags $600m in fresh funding to hit $36bn valuation
Stripe recently added Zoom as one of its main customer.
Revolut lets staff swap pay for shares in the challenger bank
Revolut’s co-founders Storonsky and Yatsenko are forgoing their salaries for a year.
Swift cancels Sibos amid COVID-19 crisis
Delegates that had signed up to attend will be offered a full refund.
Castle Trust signs DPR for savings origination tech
Castle Trust aims to be a new challenger bank in the UK market.
More than 275 accountancy firms ask UK government to plug gaps in SME aid
“Entrepreneurs face their business being crushed,” says the letter.
Robinhood is raising fresh capital at an $8bn valuation
It apparently made $60 million in March – triple what it made in March 2019.
FSB publishes consultation on stablecoin regulatory challenges
Regulatory body publishes recommendations in response to G20.
KyckGlobal signs US push payments partnership with Visa
Firms hope new deal will unlick real-time payments for “countless industries”.
Meniga and Worldline strike digital banking partnership
The two firms aim to combine conversational banking with data analytics.
Santander’s money transfer fintech PagoFX launches in UK
Fees will not be incurred until 16 June 2020 for transactions under £3,000.
Tide launches Coronavirus Government Support Eligibility Checker
Its aim is to help SMEs get access to the financial aid during this time of crisis.
Identity verification platform Onfido bags $100m from TPG
The start-up wants to create an alternative “identity verification” layer for the internet
Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
Previse bags $11m from Mastercard and Reefknot Investments
In the next five years, Previse wants to get five million suppliers paid instantly.
