Coronavirus drives rapid adoption of open banking

The Open Banking Implementation Entity (OBIE) has revealed that open banking users have more than doubled since January 2020.

Tide teams up with GoCardless to launch direct debit invoice solution

UK-based business banking platform Tide has inked a partnership with GoCardless, a global leader in recurring payments, to launch a invoice payments via direct debit service.

Child-focused neobank Strive launches waitlist

Challenger bank Strive has launched a waitlist for its solutions targeting children.

Personal finance app Northstar secures its Series A on $7.3m

Northstar, which is enabling employers to offer their staff more financial wellness benefits, has scored $7.3m in its Series A round.

Revolut launches early salary feature

Three million Revolut customers in the UK can now access their pay cheques early via the neobank's latest feature.

Pro skater Tony Hawk and The Chainsmokers join the Series B round of Public.com

Public.com, which claims to be the investing social network, has scored $65m in its Series C round, coming less than a year after its Series B.

WealthTech TORA enters strategic partnership with Revolution

Investment technology company TORA has signed a letter of intent to enter into a strategic partnership with Revolution, an investment and asset management company.

Mizuho Bank looks to Facebook and Amazon for FinTech boost

Japan’s Mizuho Bank has teamed up with Amazon and Facebook to experiment with artificial intelligence (AI) and chat bot interfaces.

Monzo grabs new £4.8m round from Passion Capital

UK challenger bank Monzo has raised £4.8m in what it's calling an 'interim' funding round led by Passion Capital.

Kasisto nabs $9.2m for financially-trained chat bots

Conversational artificial intelligence startup aimed at financial services Kasisto has raised $9.2m in a Series A round led by Propel Venture Partners.

News Stories

What wealth managers should look for when digitising client relationship management

Digitalisation of client relationship management is now a critical part of wealth management and firms need to automate admin tasks to foster engagement, according to WealthObjects CEO and founder Uday Bhaskar Nimmakayala.

Payments platform PPRO reaches unicorn status after funding round

Local payments platform-as-a-service PPRO has hit the unicorn status, after a $180m funding round puts its valuation to more than $1bn.

Australian FinTech funding set a new record despite deal activity plummeting amid extended lockdowns

Australian FinTech achieved another record year, but medium-sized businesses found it harder to attract investors as Covid-19 swept across the nation.

Accounting platform Trovata collects $20m in its Series A funding round

Open banking platform Trovata has reportedly collected $20m in its Series A funding round, which was led by Wells Fargo Strategic Capital.

Don’t forget to update your permissions warns the FCA

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.
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