Digital Banking Weekly #55
26th July 2020 - 2nd August 2020
๐ธ๐ฌ DBS is working with Singaporeโs government to pilot the use of the SingPass face verification technology to sign up customers to digital banking services ๐ Read more
๐ท๏ธ Revolut launches price comparison service ๐ Read more
๐ฉ๐ช Deutsche Bank partners with fintech Airwallex for cross-border payments service ๐ Read more
๐ผ PayPalโs former finance director has been hired by UK-based card and mobile app provider Curve to act as its first CFO ๐ Read more
๐บ๐ฟ TBC Bank the first digital bank in Uzbekistan, goes live with Capital Banking Solutions ๐ Read more
โ๏ธ Monzo teases new travel-friendly features for Monzo Plus subscriptions ๐ Read more
๐ธ A savings and investment app Beanstalk focused on childrenโs savings has launched today after a successful beta trial ๐ Read more
๐บ๏ธ International money transfer service Remitly raises $85m at a $1.5bn valuation ๐ Read more
๐ฎ๐ณ Indiaโs neo-banking fintech start-up Niyo acquires wealthtech start-up Goalwise ๐ Read more
๐ธ๐ฆ Tap Payments helps 20,000 firms to accept online payments since start of pandemic ๐ Read more
โ๏ธ US retail giant CVS Pharmacy is set to roll out PayPal and Venmo QR code technology at all of its 8200 stores ๐ Read more
๐ธ TransferWise has confirmed a secondary share sale raking in $319 mio and valuing the money transfer unicorn at $5 billion ๐ Read more
๐บ๐ธ Varo Money has become the first US consumer fintech firm to be granted a national bank charter, enabling the digital challenger to offer a full suite of FDIC-insured services ๐ Read more
๐ฌ๐ง New money management app Flex bursts onto the fintech scene ๐ Read more
๐ MoneyGram reported that its digital transaction volume grew 106 percent year over year during Q2, as the firm capitalized on a digital transformation that began long before the pandemic ๐ Read more
