Digital Banking Weekly #53

12th July 2020 - 19th July 2020

๐Ÿ’ธ Lanistar, a personal financial management startup founded in 2019, has raised ยฃ15 million to support its forthcoming commercial launch in Winter 2020 ๐Ÿ”— Read more

๐Ÿ‡ซ๐Ÿ‡ท Revolut launches Open Banking for one million French customers with Truelayer ๐Ÿ”— Read more

๐Ÿ’ฐ Barclays bank is introducing a hybrid digital wealth management service for current account customers with a minimum of ยฃ5000 to invest ๐Ÿ”— Read more

๐Ÿงพ Monzo is to charge account holders ยฃ5 a month to get hold of account aggregation features in its mobile app, a service which other banks serve up as part and parcel of their digital offerings ๐Ÿ”— Read more

๐Ÿฆ Future-proofing the branch network beyond Covid-19 ๐Ÿ”— Read more

๐Ÿ‡ฌ๐Ÿ‡ง Lloyds Bank customers will soon be able to view, manage or amend subscription services following an update to the UK bankโ€™s mobile banking app ๐Ÿ”— Read more

๐Ÿ”’ San Francisco based Hummingbird, provider of a modern platform for anti-money laundering (AML) compliance technology, has announced that the company has raised $8.2 million in its Series A funding round ๐Ÿ”— Read more

๐Ÿ‡ฌ๐Ÿ‡ง Moneybox, a saving and investing app in the UK, has secured ยฃ30 million in Series C funding and also announced a crowdfunding campaign to bring its customers on board ๐Ÿ”— Read more

๐Ÿ‡ฎ๐Ÿ‡ถ Iraqi company and Lebanese fintech launch the first digital-only payment card โ€˜Neoโ€™ in Iraq ๐Ÿ”— Read more

๐Ÿ’ฑ Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users ๐Ÿ”— Read more

๐Ÿ‡ถ๐Ÿ‡ฆ Qatar to become hub for fintechs eyeing India, Pakistan and Bangladesh ๐Ÿ”— Read more

โ˜๏ธ Amazon Web Services (AWS) and HSBC strike global cloud banking deal ๐Ÿ”— Read more

๐Ÿ›’ Payability launches innovative new product that pays Amazon marketplace sellers daily ๐Ÿ”— Read more

๐Ÿ’ผ Chinaโ€™s Future FinTech acquires Hong Kong-based Nice Talent Asset Management ๐Ÿ”— Read more

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