BBVA debuts “dynamic CVV” numberless card Aqua
It features a dynamic CVV code in order to provide security for online payments.
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Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Video: Top fintech stories this week – 23 October 2020
FinTech Futures’ weekly news round-up.
FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal
The investigation found that GSI breached a number of FCA and PRA principles and rules.
FAB transfers legacy banking licence to ADQ
A number of legacy banks in Dubai have launched digital-only services this year.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
Woman-owned de novo Agility Bank gains regulatory green light in Texas
Agility Bank aims to raise $30 million prior to launch in 2021.
FinTech Futures Jobs: six skills that can get you hired in fintech
The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!
First Women’s Bank picks Fiserv to underpin 2021 launch
The US neobank will operate out of Chicago to challenge small business lending in the US.
Unqork signs Life.io partnership weeks after $207m Series C
Life.io will build its customer engagement apps on Unqork tech.
Game over, insert coin
We are trying to pay lip service to wholesale dramatic change but get away with cosmetic modifications.
Commercial Bank of Dubai serves ‘low-income’ customers with Now Money
“[We’re offering a] much more advanced and cost-effective alternative”.
Hong Kong challenger WeLab Bank goes live on Temenos Transact
The neobank launched a few months ago.
PeoplesBank picks Nymbus to help launch digital bank Zynlo
Regional US bank stand up digital branc with help from Nymbus.
White paper: Low code development in banking and its role in high speed content-based services
How banks can make more strategic use of their content, developing applications at speed that transform services & user experiences.
Curve to launch new credit facility powered by Thought Machine’s Vault
Curve Credit allows customers allows customers to pay for their purchases in instalments.
TreeCard raises $1m from Ecosia ahead of 2021 launch
TreeCard, set to launch next year, is made of sustainable cherry tree wood.
GPS secures Visa investment to fuel international expansion
Payments processing firm plans to branch out from Europe and South East Asia.
Canadian invoice firm FundThrough raises $50m to support SMEs
FundThrough aims to eliminate the “wait” for SME payments
Russia’s Yandex and Tinkoff scrap $5.5bn deal
Internal email suggests agreement was lost on nature of the merger.
Effectively combating fraud while staying user-friendly fintechfutures.com/2020/10/effect… "As an industry, financial servic… twitter.com/i/web/status/1…
.@BBVA debuts “dynamic CVV” numberless card Aqua fintechfutures.com/2020/10/bbva-d…
.@wirecard's fire sale continues as its North America business sells to US-based holding company Syncapay fintechfutures.com/2020/10/us-hol…
.@PayPal is currently weighing up acquisitions in the cryptocurrency space and is allegedly eying up bitcoin custod… twitter.com/i/web/status/1…
.@jpmorgan launches QuickAccept smartphone card reader to take on @Square fintechfutures.com/2020/10/jp-mor…
Notting Hill-based start-up @TheMonetMoney to target UK’s creatives with cash flow app that fronts invoices within… twitter.com/i/web/status/1…
Magnum Research, the owner of Hong Kong-based wealthtech Aqumon, lands $30m Series C backed by @AlibabaGroup fintechfutures.com/2020/10/owner-…
Tata Consultancy Services (@TCS), India’s largest IT services provider, is in talks to buy @DeutscheBankAG IT servi… twitter.com/i/web/status/1…