04/24/2022
FCA review finds weaknesses in some challenger banks’ financial crime controls
Challenger banks aim to compete with traditional high street banks using smarter technology and more up-to-date IT systems.
Innovation & Startups
04/21/2022
Yonder now offers a credit card *without* needing a credit score
All thanks to the wonders of open banking.
04/21/2022
European and Candian fintechs buck trend of global funding decline in Q1 2022
Europe and Canada started the year strong amid funding drops across the board, from banking to insurtech, early-stage deals to mega-rounds.
04/21/2022
SEI Reports First-Quarter 2022 Financial Results
SEI Investments Company today announced financial results for the first-quarter 2022
04/21/2022
Raffles Family Office and Huobi Tech join forces to launch Asia’s first digital assets-based multi-family office
As part of the agreement, Huobi Tech has made a strategic investment in a Raffles FO venture company established to serve as the launchpad for the platform.
04/21/2022
TD Recognized by Business Intelligence Group for Excellence in AI Innovation for Second Consecutive Year
The Bank received two Artificial Intelligence Excellence Awards for providing customers with innovative AI-powered experiences
04/21/2022
BBVA invests €15 million in Leadwind startup fund
Its objective is to invest in companies based on enabling technologies such as IoT, networks, cloud services, AI or blockchain
04/20/2022
Singapore-based fintechs to merge
Focus on powering the future of payments in Asia
04/20/2022
African startups drew record $5.2bln in venture capital last year - industry group
African startups raised more in 2021 alone than the preceding seven years combined
04/20/2022
Bank of America now selling more digitally than in person - tech budget increases to $3.6 billion
Bank of America delivered a solid set of results and was positive on outlook. Its digital capabilities and investments continue to fuel growth at the bank.
04/20/2022
Avaloq goes live with first client in Taiwan
The new rules aim to increase the competitiveness and scale of Taiwan’s private banking industry.
04/20/2022
EBRD launches regional accelerator initiative to support development of CEE fintech ecosystem
Fintech startups from across Central and Eastern Europe are invited to apply for this international accelerator programme, the fifth organised by SWG and the second collaboration with the EBRD.
04/20/2022
SIX Digital Exchange forms partnership with tokenisation platform daura
As a result, companies on daura will be able to issue digital equity securities seamlessly in SDX's regulated Central Securities Depository (CSD).
04/19/2022
Nigerian digital bank Umba raises $15m Series A funding
The firm bills itself as a customer-centric, mobile-first digital bank that increases access to financial tools, including current accounts, bill payments, loans, cashback, P2P payments and bank transfers.
04/19/2022
4 Ways to Keep Younger Consumers from Leaving Your Bank for a Fintech
Gen Z and Millennials still express a strong level of trust for banks and credit unions, but trust doesn't lead to loyalty anymore.
04/19/2022
How are small businesses using embedded finance?
Traditional banks offer the widest selection of financial products to SMEs, but embedded services are a faster, viable alternative
04/19/2022
Derayah Financial CEO says it owns 20% of PIF-backed digital bank D360
With the planned introduction of single-stock futures trading in Saudi Arabia, Al-Shammasi stressed the importance of such a transition in enhancing the capital market.
04/19/2022
FAB teams up with IBM to accelerate digital transformation
Collaboration aims to further enhance accessibility of FAB’s digital banking services to its customers
04/19/2022
Nigeria’s TeamApt relaunches Moniepoint product as business bank
The startup raised a multi-million US dollar Series B funding round last year as it looks to expand in the aftermath of switching its focus from B2C from B2B
04/19/2022
Novia exec: Platform will scale through tech model not workforce growth
Following an overhaul of its management team, Novia is now focused on building layers of microservices on top of its core bookkeeping technology, powered by GBST.