Latest Money20/20 News: Finextra Research

BofA bot Erica hits 1bn customer interactions

Bank of America's AI-powered chatbot, Erica, has passed the one billion client interactions mark, helping nearly 32 million customers since launching in 2018.

14 October 2022

News/payments

Canada's real-time payments system's launch delayed

The launch of Canada's Real-Time Rail (RTR) payments system has been pushed back from the middle of next year to an as yet undetermined date.

14 October 2022

News/retail

Apple partners Goldman Sachs for savings account

Apple has joined forces with Goldman Sachs to add a high-yield savings account feature to its credit card.

13 October 2022

News/payments

JPMorgan and Visa link blockchain payment networks

JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect.

11 October 2022

News/payments

Money 20/20 EU: How ‘web2.5’ and DLT are propelling financial services forward

In conversation with Mariana Gomez de la Villa, centre expertise lead, distributed ledger technology, ING, Finextra secured a first-hand take on the key trends dominating the DeFi world, from one of the industry’s leading voices. Here are Gomez de la Villa’s key insights shared direct from the floor of Money20/20 in Amsterdam:

14 June 2022

News/identity

Money 20/20 EU: David Birch on the digital identity 'keystone'

During Money 20/20 Europe, Finextra sat down with David Birch, global ambassador for Consult Hyperion and non-executive director at DIGISEQ, to discuss some of the evolving trends in digital identity, and the significance of DIGISEQ’s funding news really means for the company.

10 June 2022

News/retail

Money 20/20 EU: Take caution with hyper-expansion

Hyper-personalisation is receiving significant attention from financial services at present. Yet expansion into new niches which businesses haven’t fully understood poses new risks, and, as explored by Money 20/20 Europe’s panel session, ‘Hyper-personalisation in a data-driven world', this can have severe impacts across an entire business model.

10 June 2022

News/retail

Money 20/20 EU: What’s next for BNPL?

The final day of Money 20/20 Europe opened with a topic hot on everyone’s minds, with the session titled ‘what’s next for buy now pay later (BNPL)?’ As the UK and other governments have started dipping their toes into regulating this form of credit, this panel discussed what needs to be done make this tool sustainable and beneficial to consumers.

10 June 2022

News/retail

Backbase valued at €2.5 billion on first private equity investment

Having bootstrapped to €200 Million in revenue, engagement banking vendor Backbase is turning to private equity investment for its next stage of growth, picking up €120 million in equity funding from Motive Partners.

09 June 2022

News/payments

Money 20/20 EU: Ukrainian fintech is alive and thriving

What’s next for NFTs? Non-fungible tokens (NFTs) continue to dominate headlines and event agendas as 2022 roars on, yet, panellists on day two of Money 20/20 Europe argued that it is a topic where the technology is not yet fully used or understood.

09 June 2022

News/startups

JP Morgan leads $100m funding round for Codat

Codat, an API-based platform for business data sharing, has raised $100 million in a Series C funding round led by JP Morgan Growth Equity Partners.

09 June 2022

News/payments

Zopa enters BNPL market

Digital bank Zopa is the latest to jump on the buy now, pay later bandwagon, promising "responsible and sustainable BNPL lending to the UK market".

08 June 2022

News/crypto

Money 20/20 EU: Stripe's John Collison on crypto and fintech valuations

The Co-founder and President of Stripe, John Collison, took to the stage at Money 20/20 Europe to talk experiences, crypto and valuations.

08 June 2022

News/payments

Money 20/20 EU: Which comes first, tech or banking?

“Innovation is happening in the value add”, stated Charlotte Hogg, CEO of Europe Visa, during the opening session of Money 20/20 alongside Daniel Kjellén CEO and co-founder Tink and Karen Tso anchor CNBC.

08 June 2022

News/people

Money 20/20 EU: Starling's Boden eyes acquisitions and tech play

Starling Bank has set its sights on buying a lending platform and is also hiring in Dublin ahead of an anticipated move into Europe, CEO Anne Boden has revealed at Money 20/20 Europe.

08 June 2022

News/payments

Money 20/20 EU: PagoNxt on verticalisation and trend-setting

Ahead of this year’s Money 20/20 Europe, Finextra asked Sreelekha Sankar, CTO, PagoNxt Merchant Solutions, to respond to key questions tied to the event’s panel titled ‘How verticalisation can become a competitive advantage.’

07 June 2022

News/payments

Revolut partners Tink for European payments

Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their account.

07 June 2022

News/cloud

Thought Machine launches cards and payments processing platform

UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform.

07 June 2022

News/regulation

LHV UK secures €35 million to fund new UK bank

LHV UK has secured €35 million in funding to capitalise its new UK banking operation, which is currently pending approval from the Prudential Regulatory Authority.

07 June 2022

News/startups

Monite raises $5m for embedded finance platform

Embedded finance automation platform Monite has raised $5 million in a round led by Point72 Ventures and joined by a host of high-profile angel investors.

23 February 2022