Digital Banking Weekly #57

9th August 2020 - 16th August 2020

💰 American Express in advanced talks to buy Softbank-backed SMB-lender Kabbage 🔗 Read more

🇦🇺 Revolut rolls out in Australia with financial ‘SuperApp’ 🔗 Read more

🇬🇧 Holvi pulls out of UK market after just 6 months due to Covid-19 and Brexit uncertainty 🔗 Read more

🏧 BBVA is offering customers zero-touch contactless cash withdrawals from ATMs as a means to promote safety and hygiene protocols during the pandemic 🔗 Read more

🇭🇰 A good start. WeLab’s new virtual bank in Hong Kong has picked up 10,000 new accounts within 10 days of opening to the public 🔗 Read more

💸 Personally I find this one very interesting… Square’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%. 🔗 Read more

🎓 Last week I’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 🔗 Read more

🕵🏻‍♂️ Barclays is being investigated by the UK’s Information Commissioners Office over allegations the bank has been using computer monitoring staff to “spy” on employees 🔗 Read more

💳 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 🔗 Read more

🚨 Wirecard’s Jan Marsalek added to Interpol’s most wanted list 🔗 Read more

🏠 London based digital mortgage startup Habito completes £35M Series C 🔗 Read more

🤖 Effi unrolls AI-powered bot for brokers. Their  goal is to create intelligent tools to enable brokers to be productive beyond their human limitations 🔗 Read more

💼 Berlin-based digital bank N26 is in a stand-off with employees, who met on last Thursday to organise a ‘works council’ to voice their discontent with management 🔗 Read more

🌍 Revolut became Europe’s most highly-valued fintech at $5.5bn at the start of this year, following rapid growth in 2019 🔗 Read more

🌐 Vitesse, a fintech providing real-time cross-border payments for businesses, scores £6.6M Series A 🔗 Read more

🇪🇬 Egypt’s Paymob raises $3.5 million to grow merchant network, accelerate regional expansion 🔗 Read more

🇸🇴 Somalian bank Sombank takes Islamic banking to the cloud with Temenos 🔗 Read more

🧾 Metro Bank has tapped Canadian technology firm Sensibill to introduce a new receipt management feature for business users of its mobile banking app 🔗 Read more

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