Banking

Nov
28

HSBC to build the bank of the future by giving its 30,000 devs access to APIs

HSBC is building a new digital banking platform, with the organisation looking to power the bank of the future through the use of APIs. Turning to Salesforce-owned MuleSoft, HSBC chief architect of digital technologies Prakash Sethuraman said the bank is taking advantage of open banking to develop new, “connected” experiences for its more than 38 […]

By Reposted by International FinTech | Banking . FinTech
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Nov
24

Sweden’s Central Bank lays out its plans for its digital currency

Stefan Ingves, the Governor of Sweden’s central bank, Sveriges Riksbank, has laid out his six-step plan for the introduction of is central bank digital currency. Part one of the plans is that both large value and retail payments must be settled in the central bank digital currency anywhere around the world, at any time, all year round. […]

By Reposted by International FinTech | Banking . Currency . FinTech
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Nov
11

Tencent to build virtual bank after Hong Kong regulator approves license

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will […]

By Reposted by International FinTech | Banking . Blockchain . FinTech
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Nov
05

Santander takes big stake in UK FinTech

Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. 4). The Ebury payments platform gives small and medium-size companies the ability to trade internationally. The acquisition is scheduled to close in the first quarter […]

By Reposted by International FinTech | Banking . FinTech . Investing
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Nov
05

Amica Financial Technologies raises $24 million in funding

Amica Financial Technologies, an upcoming digital retail bank founded by Citrus Pay cofounder Jitendra Gupta, has received $24 million in its maiden funding round. The funding is backed by a long list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet, venture capital funds Matrix Partners and Sequoia Capital. Gupta, a former PayU […]

By Reposted by International FinTech | Banking . FinTech . Investing . Venture Capital
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Nov
04

Nubank surpasses Revolut, Monzo and N26 combined with 18 million app downloads over the past year

If there was ever any doubt, you best believe that Nubank is growing exponentially fast and won’t be slowing down anytime soon. Making this all the more evident is the fact that the Brazilian fintech unicorn has seen over 18 million app downloads this past year. Based on a report from Apptopia, that’s more than […]

By Reposted by International FinTech | Banking . FinTech
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Oct
30

Koyo FinTech raises $4.9M to assist underbanked UK borrowers

FinTech startup Koyo, which uses Open Banking to offer loans to underbanked UK borrowers, announced that it has raised $4.9 million in funding. The round, a mixture of debt and equity funding, was led by Forward Partners, with participation from Seedcamp, Christian Faes (founder and CEO of LendInvest) and Charles Delingpole (founder and CEO of […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Investing . Lending
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Oct
30

The ‘Underbanked’ Is The Next Trillion-Dollar Opportunity in Fintech

It’s expensive to participate in the mainstream financial system if you’re poor. Overdraft penalties and banking fees prevent billions of people from accessing the most basic financial tools like savings accounts and lines of credit. This has created the greatest market opportunity in fintech—low-cost, high-tech financial services for the underbanked, said Angela Strange, a general […]

By Reposted by International FinTech | Banking . FinTech
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