Retail Banking - FinTech Futures

Retail Banking

Digital banking start-up Mercury hits $1.6bn valuation with new $120m funding

Digital bank secures unicorn status with Series B funding round.

FCA investigating Monzo as challenger reports £115m yearly loss

The FCA is investigating Monzo over potential breaches of money laundering laws.

Report: Self-service banking – the key to customer acquisition and retention

Fintech Futures investigates how self service banking has changed and what firms can do to keep up.

Fiserv partnership with Goldman Sachs brings initial B2B payments offering

The two companies have forged a strategic relationship which will see additional combined solutions.

ICYMI funding round-up: Cobee, Sila, Vincent, WhenThen, Clara & more

Another batch of funding rounds that might have flown under your radar.

Lloyds to acquire savings firm Embark Group in £390m deal

UK bank aims for “top three” position in the retirement and savings market.

yoco

South African fintech Yoco looks to scale following $83m Series C round

The firm is now targeting expansion across Africa and the Middle East.

Solarisbank raises €190m in Series D, acquires Contis for UK foothold

German BaaS provider hits unicorn valuation and looks towards the UK.

Swift launches low-value payments service Swift Go

Payments network aims to make things easier for small businesses.

Sandro Bucchianeri

Former Absa exec joins NAB as new chief security officer

Sandro Bucchianeri announced his departure from Absa at the start of the month.

Klarna acquires German payments fintech Stocard

Rumoured deal is valued at around €110 million.

ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more

Another batch of funding rounds that might have flown under your radar.

Dear Luc: What’s the deal with embedded finance?

This week some writes in to ask: how can I get on the embedded finance bandwagon?

afterpay

Afterpay to launch lifestyle app Money on Westpac tech

BNPL firm aims to make Money a primary account for users.

New banking service Dion.Money plans August launch in the UK

Fledgling challenger to run paid-for accounts and offer “personalised” service.

Finnovex Southern Africa – 27th and 28th July 2021

The event, being organised by Exibex, will be held virtually.

FinTech Futures Jobs: Three great roles open in the UK right now

Exciting vacancies at Grant Thornton, Deloitte and Finastra. Apply today!

Swedish fintech start-up Juni lands $21.5m Series A round

The company plans to use the funds for product development and recruiting.

Cities and Villages Development Bank picks ICS Banks

Jordanian bank replacing legacy system with cloud deployment.

Deutsche Bank plans 440 job cuts for Irish operations

The bank is planning to cut three-quarters of its workforce in Ireland.

Indian fintech Pine Labs secures $600m investment

The firm landed an additional $315 million on top of the $285 million raised in May.

Dear Luc: Should I prepare for a wearable payments comeback post-COVID?

This week our writer asks: are wearables set for a comeback as social distancing eases?

Nigerian fintech FairMoney lands $42m Series B round

The start-up plans to “double down on growth in Nigeria and India”.

AirAsia subsidiary BigPay bids for Malaysian banking licence

E-wallet firm aims to capture one of five offered by the Malaysian central bank.

Standard chartered

Standard Chartered appoints Anshu Sharma Raja as new CIO of CPBB

She replaces Paul Macpherson, who the bank says is leaving to pursue other opportunities.

Pakistan’s UBL picks Temenos Infinity for digital banking transformation

Temenos wins another customer in Pakistan, NdcTech to implement.

ICYMI funding round-up: Zeepay, Aliaswire, Daylight, Neon & more

Another batch of funding rounds that might have flown under your radar.

FinTech Futures Jobs: Three exciting companies to keep an eye on for job opportunities

Exciting vacancies at Grant Thornton, Deloitte and BNY Mellon. Apply today!

tribe

Tribe Payments partners ClearBank to provide banking access for fintechs

The partnership will allow clients to add banking services to their payment products.

Equitable Bank CIO leaves to join winemaking industry

Dan Dickinson to lead Canadian wine business after leaving bank.

Tide

Tide expands to India with £100m investment and RBL Bank partnership

UK business bank aims to “unleash” the potential of Indian SMEs.

JP Morgan Chase acquires 40% stake in Brazil’s digital challenger C6 Bank

Launched in 2019, digital bank C6 has more than seven million customers.

Viva Republica lands $410m as launch of new digital bank looms

Toss has now accrued around $844 million in funding across ten separate rounds.

Architecture heads at Deutsche Bank and JP Morgan leave months into their jobs

John Smith and Gavin Leo-Rhynie depart from major banks.

ICYMI funding round-up: LOQR, MOCA Financial, Bueno Finance, Glint Pay & more

Another batch of funding rounds that could have flown under your radar.

Raisin and Deposit Solutions merge to create pan-European fintech giant

The newly formed Raisin DS is already turning its eyes towards the US.

BayernLB picks Broadridge to cover regulatory reporting needs

Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.

Saudi Arabia grants first digital banking licences

STC Pay and ARTAR given green light by central bank.

Tinkoff picks Anodot AI solution to improve customer experience

Russian neobank seeks to monitor high volumes of data.

Lloyds announces 44 fresh branch closures, brings total up to 100

UK bank extends closure programme in response to customers moving online.

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