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31 companies join Tech Nation’s Fintech programme as the UK leads fintech in Europe

31 tech scaleups have been selected to join Tech Nation’s prestigious fintech programme, with the programme seeing almost a 20% rise in applications from the year before

B2B FinTech Zoop raises $ 60 mn investment led by Movile

Zoop, a White Label technology company offering payment and financial services has announced that the company has raised $60 million through a new investment led by Movile, one of Latin America’s leading investors and growth accelerators for technology companies.

Tink acquired open banking fintech Openwrks' aggregation platform to establish its position in the UK

Sweden-headquartered open banking fintech Tink has purchased UK counterpart Openwrks' aggregation platform for an undisclosed amount, according to a blog post. Under the acquisition, Openwrks' aggregation platform will be part of Tink's offering.

Mphasis partners with fintech platform Upswot

Mphasis announced its strategic partnership with US-based Upswot, a fintech startup, that provides an innovative technology platform to help banks and other financial institutions increase sales and marketing insights for business banking customers, through alternative data.

McKinsey: sluggish funding in fintech may need improvement

The global pandemic has caused a slump in fintech funding. McKinsey looks at the current financial forecast for the industry’s future.

Finch Capital’s Report: State of European FinTech 6 Months Post Lock Down: Stable Today but Prepare for 2021 Fall Out

New research points to a resilient European Tech growth engine, however limited exit options beyond IPO for European Unicorns

Special Highlights on the Webinar 2.0 Hosted by Group Futurista

Group Futurista, one of the leading tech-based event companies hosted its third webinar ' ‘Future of Contactless Payments post COVID-19’ 2.0 webinar. With over 150 delegates in attendance, this webinar was a huge success.

Razer Fintech and Franklin Templeton Teams up to Design Digital Wealth Tools for the Youth

Franklin Templeton through its Singapore subsidiary, Templeton Asset Management, and Razer Fintech, the financial arm of Razer Inc, announced that they had signed a Memorandum of Understanding to foster a strategic collaboration in digital wealth management innovation, targeting youth and millennials.

UK banks sign Fintech Pledge

Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.

Fintech sector faces "existential crisis" says McKinsey

The global fintech sector faces an "existential crisis", says McKinsey, as sources of funding dry up during the ongoing Covid pandemic.

Fintech Startup Flaist launches EVA to provide personalized customer service

FinTech startup Flaist has announced the launch of a new conversational AI tool EVA, that helps credit unions (CUs), community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions.

Mouro Capital: meet the $400m fintech VC firm

Spanish multinational banking giant Santander has announced its fintech venture capital arm will now be managed more independently.

Tech Nation launches Fintech Pledge supported by HM Treasury

Tech Nation has received support from HM Treasury in its plan to drive growth in the UK fintech sector with its pioneering ‘Fintech Pledge’

Credorax Announces Partnership with Scenic

Leading smart payments provider and fintech bank, Credorax and luxury cruise and tour merchant Scenic Group, have announced a partnership that will enable Scenic Group to accept and process payments from travel agencies around the world. Through this partnership, Credorax will provide its full suite of services to Scenic Group, allowing travel agents a seamless booking and payments process.

Grab ranked the most well-funded private fintech startup

According to data compiled by Buy Shares, Grab is the most well-funded private fintech startup in the market with a total of US$9.65bn

The Effect of Covid -19 On Global Fintech

The novel Coronavirus pandemic has put the banking system under stress. There is a need for personalizing digital solutions, a strong capital foundation, and visionary leadership to keep the businesses running.

German fintech Monedo files for bankruptcy

A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.

IDnow welcomes agreement on a transition period for online gambling law in Germany

IDnow, a leading Identity verification specialist, welcomes that Germany’s 16 states have agreed to a transition period incorporating the new and upcoming legal framework by October 15th. This transition clarifies existing and new mandates including, and importantly, age verification requirements for online gambling. The new regime officially enters into effect in July of next year.

Klarna announces $650M funding round to further accelerate global growth

Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion, which ranks Klarna as the highest-valued private fintech in Europe and now the 4th highest worldwide.

UK fintech sector launches initiative to end harassment

Leading figures from the fintech industry have today launched an initiative aimed at tackling harassment and promoting diversity within the sector.

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