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

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

News/devops

How developers can leverage retail banking open APIs

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

30 July 2019

News/Personal finance

Mastercard and Citi invest in Flybits

Mastercard and Citi Ventures have joined a $35 million Series C funding round for Flybits, a startup that uses AI and machine learning to help banks personalise their customer offers.

16 July 2019

Company update/Personal finance

TrueLayer integrates with Revolut

TrueLayer, Europe’s leading providers of financial APIs, has integrated with Revolut to enable the secure access of financial data via Open Banking.

16 July 2019

Company update/Personal finance

Moneythor opens Tokyo office

Moneythor, an award-winning provider of data-driven digital experiences for banks and fintech firms today announced, that it has opened its newest office in Tokyo, Japan.

15 July 2019

Company update/Personal finance

MoneyThor to join Mastercard Start Path programme

Award-winning digital banking software provider Moneythor has been selected as one of 10 later-stage FinTech startups to be accepted onto the renowned Mastercard Start Path program, part of Mastercard Labs.

09 July 2019

Company update/Personal finance

incuto named as tech partner for UK Treasury savings scheme

Fintech incuto, the next-generation banking platform for credit unions and community-based banks and lenders, has been selected by HM Treasury as the sole technology partner for the two-year pilot of its prize-linked savings scheme for credit unions.

08 July 2019

News/startups

Nordea invests EUR5m in neobank P.F.C

Nordic banking giant Nordea has invested EUR5 million in P.F.C (Personal Finance Co.), a recently launched Swedish neobank.

05 July 2019

Company update/Personal finance

ABN Amro turns to Sopra for its mobile banking app

Sopra Banking Software, global leader in digital banking and financing software, supports banks and other financial institutions with their digital transformation.

05 July 2019

News/Personal finance

Santander pips Metro Bank for best savings account

Santander has the most intuitive savings account and ranks fastest for account opening time when compared with nine other leading UK banks, according to Worship’s inaugural Savings Account Audit.

01 July 2019

News/devops

Finastra calls developers for community bank-focused appathon

Finastra is running its first public appathon, inviting fintech firms and developers to build applications that help North American community banks and credit unions.

28 June 2019

Company update/Personal finance

Mogo Finance Technology and Difference Capital merge

Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ: MOGO) ("Mogo") and Difference Capital Financial Inc. (now “Mogo Inc.”) (TSX: DCF) ("Difference" or, following the Arrangement (as defined below), the “Combined Entity”) are pleased to announce the completion of Mogo’s previously announced arrangement (the “Arrangement”) under the Business Corporations Act(British Columbia) (“BCBCA”), pursuant to which Mogo combined its business with the business of Difference.

21 June 2019

News/payments

EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

19 June 2019

Company update/Personal finance

Tally raises $50m in Series C funding

Tally, a leading financial automation company, today announced it has received $50 million in Series C funding led by Andreessen Horowitz (“a16z”), bringing its total amount raised to $92 million

18 June 2019

Company update/Personal finance

Token secures $16.5m funding for open banking

Token, the turnkey open banking platform, today announced a $16.5m strategic investment from a pool of investors, including Opera Tech Ventures, the venture arm of BNP Paribas - one of the world’s largest banks and two other visionary banks headquartered in the Middle East and Southeast Asia.

18 June 2019

News/Personal finance

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

News/ai

Tinkoff introduces Oleg the voice assistant

Russia's Tinkoff has unveiled Oleg, a "polite but also firm" voice assistant who can help customers with everything from transferring money to making restaurant reservations.

14 June 2019

Company update/Personal finance

British money management app Emma launches in North America

Emma, the best financial friend, has launched its money management app in the United States and Canada.

14 June 2019

News/startups

Stripe leads $22.5m funding round for teen banking startup Step

Stripe has led a $22.5 million Series A funding round for Step, a teenager-focused US mobile banking startup that has built up a half million-strong waitlist in a matter of months.

06 June 2019

Company update/Personal finance

Monese adds 'Pots' money management feature

Monese, the banking service that gives people the financial freedom to thrive anywhere, today adds Monese Pots, in Pounds and Euros, to its ever-growing range of money management features.

06 June 2019