Non-bank competitors

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/Non-bank competitors

Cambodia establishes fintech association

Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).

/Non-bank competitors

NYDFS calls for stronger rules for online lenders

The New York State department of Financial Services says that online lenders should be subject to the same consumer protection laws, usury limits and licensing and supervision rules as traditional financial institutions.

/Non-bank competitors

Prodigy Finance names Judith Rodin chair

Prodigy Finance, a global lending platform that provides postgraduate loans to international students, today announces the appointment of Dr. Judith Rodin to the board as Chair.

/Non-bank competitors

RBC unveils $3.2bn tech budget in digital push

Royal Bank of Canada (RBC) is planning to spend $3.2bn on technology this year in a bid to attract new customers looking for more digital banking services.

/Non-bank competitors

Opendoor closes $325m Series E round

Opendoor, an online real estate marketplace that radically simplifies home buying and selling, announced the closing of its $325M Series E funding round.

/Non-bank competitors

UK launches £2.5bn startup initiative

The UK government has launched a series of initiatives designed to attract more foreign fintech experts to work for UK startups and to encourage those same startups to remain in the UK rather than uproot to an EU-based neighbouring jurisdiction.

/Non-bank competitors

Ex-SAP chief exec joins Mambu board

Mambu, the leading SaaS engine powering innovative lending and deposits, today announced that respected business leader and academic, Henning Kagermann joined its board of directors as of 1 June, 2018.

/Non-bank competitors

HSBC promises $17bn investment in technology

Europe's biggest bank HSBC is planning to invest between $15-$17bn in new technology as part of a new growth strategy announced by its chief executive John Flint.

/Non-bank competitors

CivilisedBank hires new COO

CivilisedBank, the digital SME bank with relationship managers, announces that Michele Turmore has been appointed as Chief Operating Officer (COO).

/Non-bank competitors

Revolut teams up with French cab firm SnapCar

Revolut, the digital banking alternative, has today announced their latest partnership with SnapCar, the ride-hailing B2B French leader, as the innovative fintech looks to take-on legacy payment infrastructure by providing instant automated payouts directly into SnapCar drivers’ accounts.

/Non-bank competitors

Enterprise Ireland launches fintech fund

Ireland's state-owned economic development agency Enterprise Ireland has announced the launch of a €750,000 Competitive Start Fund for promising fintech startups.

/Non-bank competitors

Live: Swift Latin American Regional Conference - day two

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

/Non-bank competitors

Bankers grumble about Big Tech threat

Big Tech's interest in financial services is once again coming under the microscope, with both a top Federal Reserve staffer and senior European bankers voicing concerns that the likes of Amazon could be stepping onto their turf without proper oversight.

/Non-bank competitors

Insurance customers increasingly open to Big Tech

While insurance companies struggle to deliver a superior customer experience, BigTech[1] firms are poised to enter the insurance industry.

/Non-bank competitors

Dubai's digital bank Liv. celebrates first anniversary

Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations.

/Non-bank competitors

FinTech Scotland recruits Deloitte for expansion plan

The body representing Scotland’s thriving financial technology community, Fintech Scotland, has today announced it has entered a key strategic partnership with business advisory firm Deloitte.

/Non-bank competitors

Tesco Bank brings digital onboarding to mobile app

Tesco Bank is making it simpler for customers to use its leading mobile banking app as it launches ‘native mobile registration’.

/Non-bank competitors

Challenger bank gives up licence to focus on IT platform

A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.

/Non-bank competitors

Walmart launches global money transfer service

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries.

/Non-bank competitors

Savings chatbot Plum introduces ethical investment tool

British money management chatbot Plum has launched an investment tool that lets users choose where their money goes.