Digital Banking Weekly #45

💰 Brex brings on $150M in new cash in case of an ‘extended recession’ 🔗 Read more

💸 Digital wealth platform for the workplace Smarterly has secured £7m in Series A funding 🔗 Read more

💼 Monzo cofounder Tom Blomfield stepping down as CEO 🔗 Read more

🏦 Credit Kudos partners with PwC to build digital banking sandbox 🔗 Read more

🇪🇺 The European Central Bank is reminding banks of their vulnerability to IT and cyber-risks during the current Coronavirus pandemic 🔗 Read more

🍃 GoHenry has introduced the easily degradable card after seeing an increase in demand from eco-conscious kids 🔗 Read more

💼 Mastercard has set up a ‘future of work’ taskforce to look at options for consolidating office locations and extending its home working programme beyond the current lockdown period 🔗 Read more

🧾 PayPal has launched payment by QR codes in the UK and 27 other markets around the world, providing a touch-free way for businesses to receive payments and for consumers to make purchases during Covid-19 🔗 Read more

🏷️AI-based financial comparison site monva crowdfunds £502,320 🔗 Read more

🇦🇺 Volt, has announced the scrapping of a planned A$50m fundraise from international investors and a delay to the bank’s expected 2020 IPO 🔗 Read more

🚗 By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures 🔗 Read more

🇭🇰 Standard Chartered pumps HK$60 million into Hong Kong Uni Fintech Academy 🔗 Read more

🇺🇦 The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline 🔗 Read more

🇫🇷 The Banque de France and Societe Generale have tested the use of a blockchain platform to settle a transaction with a central bank digital currency 🔗 Read more

🇧🇷 Brazil is the latest country to embrace open banking, rolling out a new regulation enabling licensed institutions to share customer data 🔗 Read more

🇳🇱 ABN Amro is to put its Kendu investment app out to pasture after failing to gain sufficient traction with customers 🔗 Read more

🇩🇰 Subaio will provide Lunar’s premium customers with the ability to manage and unsubscribe from subscriptions they don’t want all within the Lunar banking app 🔗 Read more

🌙 Eid mubarak to everyone!