Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company update/people

Chip appoints Philip Wright CFO

Chip, the clever app that automatically saves up money for you, has announced the appointment of Philip Wright as the new Chief Financial Officer.

06 April 2020

News/retail

Microsoft partners Plaid to turn Excel into a fintech app

Microsoft has teamed up with Plaid to let people automatically import their bank and credit card account data into a new personal finance tool called Money in Excel.

30 March 2020

News/payments

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

30 March 2020

Company update/retail

VolCorp forges alliance with Zogo

VolCorp, a not-for-profit financial cooperative that serves natural person credit unions nationally, is pleased to announce a new partnership with award-winning, mobile financial literacy app provider Zogo.

27 March 2020

News/retail

Moven to wind down consumer unit as spin-off funding withdrawn

Moven is to shut down its direct-to-consumer PFM offering following the withdrawal of multi-year funding as a result of market conditions.

25 March 2020

Company update/regulation

Chip gains FCA authorisation

Chip, the clever app that automatically saves up money for you, has announced that it has been approved by the Financial Conduct Authority (FCA) as an Authorised Payment Institution.

25 March 2020

Research/Personal finance

Should banks be the guardians of digital identity?

24 March 2020 803 downloads

News/retail

Revolut launches app for kids

European fintech unicorn Revolut, has launched a money management app for parents and kids aged between seven and 17.

18 March 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

News/Personal finance

Kids money app Jassby raises $5m

Jassby, an app that lets kids receive, manage and spend their money, has raised $5 million in a funding round joined by Needham Bank and Moneta Capital.

05 March 2020

News/payments

‘Millennials want credit’ says ex-Visa innovation chief and i2c president Jim McCarthy

The consumer of today is educated, digitally empowered and more than ever before, wants to make informed financial decisions. This requires financial players to provide a quick, efficient and barrier-free customer service that keeps pace with the dynamic transformations of this new era of payments.

04 March 2020

Company update/Personal finance

Moneythor partners with Japanese banking integration provider Nihon Unisys

Moneythor, an award-winning provider of data driven digital experiences for banks and fintech firms, and Nihon Unisys, the leading supplier of digital banking integration solutions in Japan, today announced that they have partnered to provide personalised digital banking solutions to Japanese financial institutions.

04 March 2020

News/Personal finance

Will Smith joins $15m funding round for social investing app Public

Commission-free social investing app Public has closed a $15 million Series B funding round led by Accel and Greycroft, with participation from Hollywood actor Will Smith and NFL star JJ Watt.

02 March 2020

News/Personal finance

Belgian digital bank Aion launches

A subscription-only digital bank promising to use AI to help customers maximise their money, has launched in Belgium.

28 February 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/Personal finance

Barclays invests in Open Banking-based utility switching app Youtility

Youtility, a London-based startup tapping into Open Banking to help people track their household expenses and switch utility suppliers, has raised £4.5 million in a funding round joined by Barclays.

27 February 2020

Company update/Personal finance

Happy Money forms partnership with Teachers Federal Credit Union

Happy Money, a fintech company building financial tools and services for human happiness, today announced the launch of its partnership with Teachers Federal Credit Union (TFCU), Hauppauge, NY.

26 February 2020

Company update/Personal finance

Finastra welcomes more apps to FusionStore marketplace

Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace. Built during Finastra’s first appathon in North America, at the tail end of last year, the apps – which provide innovative saving, spending control and personal finance management services – use open APIs, accessible via the FusionFabric.cloud development platform.

26 February 2020

News/startups

2020’s ‘fintech asset class’ is brimming with IPOs

With private markets continuing to show strong interest in fintech and many firms reaching maturity, Pawel Szaja, partner at Shearman and Sterling, predicts 2020 will deliver a surge of fintech IPOs.

25 February 2020

Company update/retail

Intuit confirms Credit Karma acquisition

Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks and Mint, today announced that it has agreed to acquire Credit Karma, the consumer technology platform with more than 100 million members in the U.S., Canada and U.K., for approximately $7.1 billion in cash and stock.

25 February 2020