Digital Banking Weekly #38

💰 Italian credit bureau systems supplier CRIF has acquired Strands 🔗 Read more

💳 Visa says consumer spending has ‘sharply declined,’ even online 🔗 Read more

🇯🇵 Sony Bank launches English language app-based banking service for foreign residents 🔗 Read more

🏦 One, the middle class-focused digital banking startup has selected SaaS-based core banking outfit Finxact to power its service 🔗 Read more

📈 Goldman Sachs predicts steep drop in second quarter, but strong recovery later 🔗 Read more

🧾 Dzing has released its first financial product, a mobile payment app for international currency transfers 🔗 Read more

🔓 Los Angeles-based challenger bank HMBradley officially opens its virtual doors 🔗 Read more

💼 Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough 🔗 Read more

💸 Mergers and acquisitions hit lowest weekly total since 2009 🔗 Read more

✉️ India’s Icici Bank has launched banking services on the popular messaging app WhatsApp 🔗 Read more

🇵🇱 Poland’s national payments processor KIR, has teamed up with Cryptomathic to let citizens sign documents remotely 🔗 Read more

💼 Fintech platform Youtility appoints senior hires following funding round 🔗 Read more

📸 Jumio, the California-based mobile payments and identity verification firm, has made its remote user verification service ‘Jumio Go’ free for some of America’s hardest hit sectors amid the coronavirus pandemic 🔗 Read more

🇱🇻 Colorado National Bank (CNB) which was bought by the owners of Latvian card acquiring and processing fintech Transact Pro in 2018, has relaunched as Transact Bank 🔗 Read more

🇭🇰 Xiaomi has started testing its virtual bank Airstar in Hong Kong 🔗 Read more

🇫🇷 Banque de France announced plans for an experiment to help with clearing and settlement of tokenized digital assets 🔗 Read more

💼 PayPal and AmEx promise no layoffs amid coronavirus outbreak 🔗 Read more

💳 Zeux has announced the launch of its physical Visa card in a bid to bring together payment functionality, zero-added fee foreign exchange 🔗 Read more

🇮🇸 Icelandic challenger bank Indó prepares for launch 🔗 Read more

🇯🇵 Tokyo-based mobile financial startup Kyash has raised $45 million in a Series C Funding round co-led by Alibaba, Greenspring Associates and Goodwater Capital ( they’ve invested in Monzo & Tide) 🔗 Read more

🇩🇰 Nordic challenger bank Lunar has raised EUR 20 million in additional funding 🔗 Read more