Latest Non-bank competitors News: Finextra Research

Company update/startups

CCAF, World Bank and the World Economic Forum investigate Covid-19's impact on global fintech

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.

15 June 2020

News/retail

Built for Mars’ Peter Ramsay: HSBC needs Tom Blomfield-like figure to truly transform UX

Built for Mars’ Peter Ramsay has released the fourth instalment of the now sought-after ‘UX for banking’ series where he reviews 12 UK-based banks and reveals whether the experience of opening an account, making a payment or freezing a card is slicker and quicker when banking with the digital challengers.

11 June 2020

News/retail

Neobanks’ Covid-19 recovery will provide the blueprint for future scalability in fintech

The fintech industry continues to flourish across Europe, the Middle East and Africa despite economic setbacks such as those that have emerged following the outbreak of Covid-19.

05 June 2020

Company update/retail

OVO P2P lending arm score Indonesian license

OVO (PT Visionet Internasional), a leading payments and financial services app in Indonesia, announces that its lending arm, Taralite (PT Indonusa Bara Sejahtera), a FinTech peer-to-peer (p2p) lending services provider, has obtained a business license from the Indonesia Financial Services Authority (OJK) as an Information Technology-Based Lending Provider based on the Decree of OJK Board of Commissioners No. KEP-19/D.05/2020, 19 May 2020. This decree elevates Taralite from its previous “Registered” status given by OJK.

05 June 2020

Company update/cloud

Taiwanese neo bank chooses Temenos

Temenos (SIX: TEMN), the banking software company, today announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to power its launch as one of Taiwan’s first neobanks and deliver digital banking experiences that challenge the status quo.

04 June 2020

Research/Non-bank competitors

A Panorama of the Changing Banking Landscape in EMEA

30 April 2020 1186 downloads

News/retail

LendingClub cuts 460 jobs as Covid-19 hits loan demand

P2P pioneer LendingClub is cutting around 30% of its workforce - 460 people - as it struggles with the "unprecedented effect" the Covid-19 pandemic is having on loan demand.

22 April 2020

News/inclusion

Covid-19 is a call to action for regulators to boost financial inclusion

Speaking at Innovate Finance’s virtual panel for UK Fintech Week 2020, Alicia Levine, COO, Chipper Cash, believes that now is the time for regulators to step up and provide fintech companies with a clear path toward regulated activity.

21 April 2020

News/payments

Canada's fintechs call on govt to work with them on distributing Covid-19 loans

The National Crowdfunding and Fintech Association of Canada (NCFA) has written an open letter to prime minister Justin Trudeau calling on the government to use fintech firms to distribute capital to small businesses during the Covid-19 pandemic.

17 April 2020

News/regulation

FCA head of RegTech: Prioritise female hires across the industry

Francesca Hopwood Road, head of regtech at the FCA drilled down on how the hiring process structurally worked against the employment of females in regtech during the Regtech Women’s event ‘Cracking Communications: Be effective, be confident, be compliant’.

12 March 2020

News/Non-bank competitors

Robinhood outage sees customers threaten class action

Threats of legal action are emerging across trading app Robinhood’s 10 million customer base, following a 17-hour outage on the day the stock market gained $1.1 trillion.

03 March 2020

News/sustainable

The Redsand Group to launch sustainable fintech fund

Founder and managing partner of The Redsand Group, Nicole Anderson, announced in a recent interview with Finextra TV that the group will launch a fund to work with the venture community to support fintech aimed at tackling sustainability across financial services through tools such as blockchain and tokenisation.

27 February 2020

News/sustainable

How to use technology to solve climate change and cloud waste

Global IT expense is set to reach a staggering $3.9 trillion in 2020, an increase of 3.4% from 2019 according to Gartner. Driven by the adoption of software-as-a-service (SaaS), all market segments are expected to spend on forms of software such as cloud and expand its use through 2023. But what does this mean for the environment?

27 February 2020

News/sustainable

How to apply lessons learned from Open Banking to Sustainable Finance

While Open Banking initiatives are being drip fed by regulators across the world, it is evident that this shift must not be considered merely a regulatory change: it is a global movement that will shape the future of the financial services industry.

24 February 2020

News/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

21 February 2020

News/Non-bank competitors

Australia extends fintech sandbox remit after long wait

By passing the Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 on Monday, the government has extended the scope and timeframe fintechs can spend on the existing framework.

12 February 2020

News/payments

Uber Money bolsters team in India

Ride-hailing company Uber has set up shop at the Hyderabad Tech Centre in India, welcoming over 100 technology professionals to a new Uber Money team.

12 February 2020

Company update/startups

Welsh fintech Delio grows team and expands to Swansea

Fast-growing fintech company Delio is increasing its presence across South Wales by opening a new tech hub in Swansea. The announcement aligns with Delio’s strategy of building the core of its business in Wales, creating employment opportunities to attract the best local tech talent, while continuing to grow its international presence.

12 February 2020

News/Non-bank competitors

Starling unveils three new Marketplace partners

The addition of Molo, Underpinned, and Paystream to the Starling Business Marketplace will take the neobank’s business integrations to 14, building on services catering to their 100,000+ business customers.

05 February 2020

Research/Non-bank competitors

Unlocking Revenue Through Digital Identity

30 January 2020 693 downloads