Non-bank competitors

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New York sues the OCC over fintech charter rule

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New York sues the OCC over fintech charter rule

New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.

/Non-bank competitors

Starling targets teens with new current account offering

Starling Bank, the leading mobile-only bank, has today launched current accounts for 16 and 17 year olds.

First fintech goes live on Swift's cross-border payments scheme

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First fintech goes live on Swift's cross-border payments scheme

UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.

Starling to help RBS develop digital bank

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Starling to help RBS develop digital bank

Royal Bank of Scotland (RBS) has reportedly enlisted the help of challenger bank Starling in its efforts to develop a digital bank of its own.

/Non-bank competitors

Neobank Xinja appoints IRESS for paperless mortgage processing

Xinja has moved a step closer to delivering speedy, paperless home loans with the confirmation of its ongoing engagement with IRESS to process Xinja home loans.

Paytm rolls out AI cloud for India's developers

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Paytm rolls out AI cloud for India's developers

India-based digital payments firm Paytm has announced the launch of AI Cloud India, a platform designed to help developers, startups and small businesses create their own payment-related apps and services.

Cambodia establishes fintech association

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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).

NYDFS calls for stronger rules for online lenders

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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.

RBC unveils $3.2bn tech budget in digital push

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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.

UK launches £2.5bn startup initiative

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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.

HSBC promises $17bn investment in technology

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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.

Enterprise Ireland launches fintech fund

/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.

Live: Swift Latin American Regional Conference - day two

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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.

Bankers grumble about Big Tech threat

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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.

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