Digital Banking Weekly #60

30th August 2020 – 6th September 2020

🛍️ PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later (BNPL) instalment offering for merchants in the US 🔗 Read more

🏦 Jiko, which is led by former Goldman Sachs trader Stephane Lintner, has bought Minnesota-based Mid-Central National Bank 🔗 Read more

🇸🇦 Hakbah, an alternative financial saving platform based in Riyadh, today announced that it has signed a multi-year strategic partnership agreement with Visa 🔗 Read more

🇧🇷 Nubank, the Brazillian challenger which sailed past the 25 million customer mark in June 2020, has landed $300 million in fresh funding 🔗 Read more

🇰🇷 Standard Chartered Korea taps PayKey to launch mobile banking keyboard 🔗 Read more

🤑 Monzo to introduce new fees for UK cash withdrawals and card replacements 🔗 Read more

🇬🇧 Starling Bank has joined Monzo in leveling a range of new fees for services relating to its GBP and Euro accounts 🔗 Read more

📃, an end-to-end online payments processor, announced that it has joined Visa’s Fintech Fast Track program 🔗 Read more

🇬🇧 Tandem Bank due for major ‘restructuring’ as it winds down credit cards 🔗 Read more

🇴🇲 How The Sultanate of Oman is promoting fintech and wider digital transformation 🔗 Read more

🇮🇹 Borsa Italiana has authorized the admission of illimity bank to the STAR segment (Sorry for the Italian content, there is no official English announcement) 🔗 Read more

🇮🇳 Singaporean fintech firm Atlantis is entering the Indian market with Neo-Bank, an app-based banking platform targeting millennials and Gen Z 🔗 Read more

💸 Form3, PPS and Countingup combine for cloud-based SME banking model. 2 weeks ago Form3 were announced $33 million new fund 🔗 Read more

🇬🇧  The UK tax authority has put out a £3 million tender for the provision of an Open Banking-based Payment Initiation and Account Information Service 🔗 Read more

🇦🇪 Payroll solutions provider Edenred has released its mobile banking application, C3Pay, with the aim to offer its cardholders a digital banking experience 🔗 Read more

🇩🇪 Trade Republic, the German stock trading app, has unveiled its free share savings plan 🔗 Read more

🇵🇭 Central Bank of Philippines (Bangko Sentral ng Pilipinas) – has revealed it will publish a circular on establishing digital banks sometime in September 🔗 Read more

🇦🇷 Banco del Sol, the digital bank of Grupo Sancor Seguros, has gone live with Temenos Transact as its core banking system 🔗 Read more

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