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

Finologee delivers bank account aggregation with French fintech LaFinBox

Finologee, the Luxembourg-based leader in financial-industry digitisation, announced today that its digital platform of fintech solutions features LaFinBox’s advanced Personal Financial Management (PFM) application.

12 September 2019

News/Personal finance

Happy Money raises $70m to help Americans escape credit card debt

Happy Money, a California-based firm working to help borrowers become savers, has raised $70 million in a Series D funding round led by Cuna Mutual Group's CMFG Ventures.

06 September 2019

News/inclusion

Accion raises funds to invest in seed stage financial inclusion fintech startups

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $23 million from investors and adding another $10 million from its own pocket.

04 September 2019

Company update/Personal finance

CR2 and Network International get strategic with manged hosting partnership

Banking software leader CR2, has signed a strategic partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East. CR2 and Network International will deliver mobile banking as a Managed Hosted Service, enabling banks to rapidly deploy and cost-effectively manage their mobile banking services.

03 September 2019

Company update/Personal finance

Raisin and Monese team up for pan-European savings app

Monese, the banking service that gives people the financial freedom to thrive anywhere, is announcing a pan-European partnership with the cross-border deposits marketplace Raisin.

03 September 2019

News/Personal finance

Money Dashboard to triple staff on £4.6 million fund raise

Edinburgh-based PFM app Money Dashboard has raised £4.6 million in the biggest fintech raise on crowdfunding platform Crowdcube this year.

23 August 2019

News/Personal finance

Numbrs joins fintech unicorn club

Swiss fintech startup Numbrs Personal Finance has joined the unicorn club, raising $40 million from private investors in its latest funding round.

23 August 2019

News/startups

J-Lo and A-Rod invest in Acorns

Jennifer Lopez and former baseball player Alex Rodriguez are the latest celebrities to invest in savings and investing app Acorns, according to the Wall Street Journal.

20 August 2019

News/ai

Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

Company update/payments

Fingopay partners with All Work & Social for biometric payments

All Work & Social, the operating company behind XYZ Work and the recently launched XYZ Social in Spinningfields, has partnered with biometric payments provider, Fingopay.

16 August 2019

Company update/Personal finance

Banco Galicia implements Strands' PFM

Argentina’s largest domestic private bank Banco Galicia has incorporated Strands’ Personal Finance Management (PFM) solution in order to offer more innovative and personalized digital banking.

14 August 2019

Company update/retail

Travelex opens five currency exchange stores in Kuala Lumpur airport

Travelex, the world’s leading foreign exchange provider today launched the opening of five ‘retailtainment’ and ‘open concept’ currency exchange stores at KL International Airport, Malaysia. The bureau de change stores at KLIA, which feature digital and interactive technology aim to create more engaging and fuss-free transactions for those traveling through KUL.

13 August 2019

News/payments

UK PSR confirms Confirmation of Payee 31 March 2020 deadline

Following a slow roll out of ‘Confirmation of Payee’ (CoP) technology, the UK Payment Systems Regulator has ordered Lloyds, RBS Natwest, Barclays, HSBC, Nationwide and Santander to assure implementation by 31 March 2020.

02 August 2019

News/regulation

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

02 August 2019

Company update/startups

Money management fintech FinFit raises $7 million

FinFit, a FinTech company that provides over 125,000 employers with a unique financial wellness benefit platform, today announced that the company has raised $7 million in Series B funding.

31 July 2019

Company update/Personal finance

KeyBank institutes in-branch Financial Wellness Review

Paving new paths on the journey to financial wellness, KeyBank has introduced the Financial Wellness Review—a new tool aimed at helping clients better understand and address their financial pictures.

31 July 2019

News/Personal finance

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

Company update/payments

Glint launches gold-based debit Mastercard and app in US

Glint Pay Inc. (Glint), a subsidiary of the U.K.-based fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, today announces the launch of its products in the U.S. and the selection of Boulder, CO as its U.S. headquarters. To date, Glint has more than 50,000 app downloads, 10’s of thousands of registered users and more than USD $50 million in transacted volume.

30 July 2019

News/Personal finance

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

30 July 2019