Non-bank competitors

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/Non-bank competitors

Andy Murray joins Revolut crowdfunding round

Tennis champ Andy Murray is one of tens of thousands of investors to have pledged to join a multi-million pound crowdfunding round for digital banking outfit Revolut.

/Non-bank competitors

ID Finance introduces chatbot to online lending platform

ID Finance, the digital finance, credit scoring and emerging markets company has developed and introduced a self-learning chatbot for MoneyMan, its online lending platform serving customers in Spain, Georgia, Russia, Poland, Kazakhstan and most recently Brazil.

/Non-bank competitors

Investing app Stash raises $40m

Stash, a New York startup bidding to bring app-based investing to the masses, has raised $40 million in a Series C funding round led by Coatue Management.

/Non-bank competitors

High street banks face growing threat from technology giants, warns new study

GAFA (Google, Apple, Facebook and Amazon) companies could pose a significantly greater threat to traditional retail banks than existing ‘challenger’ banks and fintech start-ups, according to new research.

/Non-bank competitors

Former Traiana founder Roy Saadon launches risk startup

Former Traiana founder Roy Saadon has launched Access Fintech, an innovative risk management service for banks and buyside firms. The service helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems.

/Non-bank competitors

Swift Business Forum, New York - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.

/Non-bank competitors

Revolut launches new business service across UK and Europe

Revolut's transformation from a money transfer app to a full-scale bank is picking up pace as the UK fintech firm launches a business platform for British and European companies to manage international payments, payroll and corporate travel.

/Non-bank competitors

Amazon taps merchant data to grow lending business

Amazon's advance on bank lending operations is picking up steam as the online mall releases figures showing that it lent more than $1 billion to small businesses in the last 12 months.

/Non-bank competitors

Australia Post contracts with i2c for digital payments push

i2c, a global provider of smarter payments and integrated commerce solutions, today announced that Australia Post, one of Australia’s most trusted brands providing a unique blend of integrated delivery, logistics, retail and eCommerce services, has selected i2c’s payments processing platform as part of its program to expand and modernize its digital payments offerings.

/Non-bank competitors

Polish lending startup FinAi raises EUR1.1m

Poland based fintech FinAi which is currently developing a lending platform has raised €1,1M in the seed round. Backing comes from a newly started Polish VC – FIDIASZ, belonging to Krzysztof Domarecki - founder of Selena Group. The investment is probably the largest at this stage on the Polish market.

/Non-bank competitors

SoFi moves into wealth management

Today, SoFi announced the general availability of SoFi Wealth, the first low-cost online wealth management platform to combine an easy-to-use online and mobile interface with unlimited access to live, licensed financial advisors, giving people the guidance they need to understand, define, and then work toward achieving their investing goals.

/Non-bank competitors

Swift Business Forum, Nordics - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in Stockholm. This event will explore how banks can think in new and innovative ways as different business models impact the majority of existing banking revenues.

/Non-bank competitors

CommonBond launches student loan options

CommonBond, a leading financial technology company that helps students and graduates pay for higher education, today announces the launch of student loans for undergraduate and graduate students.

/Non-bank competitors

Robo-advisor Wealthfront moves into lending

Robo-advisor Wealthfront is moving into lending, enabling customers to borrow against their investment accounts.

/Non-bank competitors

P2P lending platform Assetz Capital to raise interest rates for limited time

Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.

/Non-bank competitors

Big banks more popular than fintechs with US SMEs - survey

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

/Non-bank competitors

Fleximize gets £16.3m boost for SME lending

Fleximize, the UK’s first revenue-based finance provider, has today announced it has closed a new financing facility of £16,300,000 from Hadrian’s Wall Secured Investments Limited, a specialised investment fund

/Non-bank competitors

UK calls for global fintech regulations

The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.

/Non-bank competitors

Ousted Lending Club CEO Laplanche launches rival platform

A year after being forced out of Lending Club, the firm's founder Renaud Laplanche is back with a new online lending platform and $60 million in financing.

/Non-bank competitors

French retailer Carrefour launches online bank account

French retail giant Carrefour has stepped up its interest in financial services through the launch of an online-based current account.