Digital Banking Weekly #37

💰Australian neobank Xinja has secured $433 million in funding from Emirates’ World Investments  🔗 Read more

💳 Will coronavirus force NFC’s biggest holdouts to adopt contactless payments? 🔗 Read more

🦠 Contactless card payment limit to rise in UK from £30 to £45 to stop spread of virus on PIN pads 🔗 Read more

🏦 Me personally recommend this article by 11:FS - How the coronavirus pandemic will affect banking? 🔗 Read more

🏢 N26’s general manager of Germany, Austria and Switzerland, Georg Hauer: 70% of bank branches to disappear in 10 years 🔗 Read more

📖 Temenos enables access to digital learning tool during Covid-19 pandemic 🔗 Read more

🆗 Chip, a UK-based auto-saving app, has just been approved by the Financial Conduct Authority (FCA) as an authorised payment institution 🔗 Read more

💷 Cash usage in Britain has halved in just a few days following the UK Government’s imposition of a nationwide lock-down on freedom of movement 🔗 Read more

🔎 A paper published by Revolut states that 42% of SMEs are looking to change banks in the next 12 months, owing to changing expectations and demands of businesses 🔗 Read more

🔀 Moven, a US-based fintech, has decided to close all its customers’ money management accounts and focus solely on its enterprise business 🔗 Read more

🇮🇹 Italy’s UniCredit shuts down 70% of branch network 🔗 Read more

💼 Barclays has announced the appointment of two new executives to its team in the Asia Pacific region 🔗 Read more

💸 Plastiq, a US startup that lets SMEs pay any bill by credit card, has raised $75 million in a Series D funding round led by B Capital Group 🔗 Read more

💼 Meri Williams steps down as CTO of UK challenger bank Monzo 🔗 Read more

🇸🇬 Nearly 65% of Singapore residents say they would consider working with an all-digital bank, according to the recently published Visa 🔗 Read more

💬 Report: WhatsApp has seen a 40% increase in usage due to COVID-19 pandemic 🔗 Read more

📱 ZipTel, an Australian telecommunications firm, has acquired Sydney-based neobank Douugh 🔗 Read more

🇭🇰 Hong Kong’s first online-only lender bank ZA Bank starts operations 🔗 Read more

🤖 TheWaay offers a Lifestyle Banking platform that helps banks and other financial institutions better understand and meet the needs of their customers 🔗 Read more

💸 Western Union debuts video, voice tool for home money transfers 🔗 Read more

💼 Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs 🔗 Read more