Digital Banking Weekly #57

9th August 2020 - 16th August 2020

๐Ÿ’ฐ American Express in advanced talks to buy Softbank-backed SMB-lender Kabbage ๐Ÿ”— Read more

๐Ÿ‡ฆ๐Ÿ‡บ Revolut rolls out in Australia with financial โ€˜SuperAppโ€™ ๐Ÿ”— Read more

๐Ÿ‡ฌ๐Ÿ‡ง Holvi pulls out of UK market after just 6 months due to Covid-19 and Brexit uncertainty ๐Ÿ”— Read more

๐Ÿง BBVA is offering customers zero-touch contactless cash withdrawals from ATMs as a means to promote safety and hygiene protocols during the pandemic ๐Ÿ”— Read more

๐Ÿ‡ญ๐Ÿ‡ฐ A good start. WeLabโ€™s new virtual bank in Hong Kong has picked up 10,000 new accounts within 10 days of opening to the public ๐Ÿ”— Read more

๐Ÿ’ธ Personally I find this one very interestingโ€ฆ Squareโ€™s Cash App tests new feature allowing users to borrow up to $200 and customers will be expected to pay the loan back in four weeks, along with a flat fee of 5%. ๐Ÿ”— Read more

๐ŸŽ“ Last week Iโ€™ve shared the first FinTech-related master program from Canada and this week University of New South Wales (UNSW) launches 100% online postgraduate degree to prepare students for the technological revolution in finance ๐Ÿ”— Read more

๐Ÿ•ต๐Ÿปโ€โ™‚๏ธ Barclays is being investigated by the UKโ€™s Information Commissioners Office over allegations the bank has been using computer monitoring staff to โ€œspyโ€ on employees ๐Ÿ”— Read more

๐Ÿ’ณ Philadelphia-based fintech start-up has unveiled a new banking platform for millennials, complete with a solid metal credit card, and a mission to disrupt the banking system ๐Ÿ”— Read more

๐Ÿšจ Wirecardโ€™s Jan Marsalek added to Interpolโ€™s most wanted list ๐Ÿ”— Read more

๐Ÿ  London based digital mortgage startup Habito completes ยฃ35M Series C ๐Ÿ”— Read more

๐Ÿค– Effi unrolls AI-powered bot for brokers. Their ย goal is to create intelligent tools to enable brokers to be productive beyond their human limitations ๐Ÿ”— Read more

๐Ÿ’ผ Berlin-based digital bank N26 is in a stand-off with employees, who met on last Thursday to organise a โ€˜works councilโ€™ to voice their discontent with management ๐Ÿ”— Read more

๐ŸŒ Revolut became Europeโ€™s most highly-valued fintech at $5.5bn at the start of this year, following rapid growth in 2019 ๐Ÿ”— Read more

๐ŸŒ Vitesse, a fintech providing real-time cross-border payments for businesses, scores ยฃ6.6M Series A ๐Ÿ”— Read more

๐Ÿ‡ช๐Ÿ‡ฌ Egyptโ€™s Paymob raises $3.5 million to grow merchant network, accelerate regional expansion ๐Ÿ”— Read more

๐Ÿ‡ธ๐Ÿ‡ด Somalian bank Sombank takes Islamic banking to the cloud with Temenos ๐Ÿ”— Read more

๐Ÿงพ Metro Bank has tapped Canadian technology firm Sensibill to introduce a new receipt management feature for business users of its mobile banking app ๐Ÿ”— Read more


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