Digital Banking Weekly #62

13th September 2020 - 20th September 2020

πŸ‡¬πŸ‡§ Monzo Business reaches 50,000 customers πŸ”— Read more

πŸ‡ͺπŸ‡Έ Spanish multinational banking giant Santander has announced its fintech venture capital arm Moura Capital will now be managed more independently πŸ”— Read more

πŸ‡¬πŸ‡§ Allica Bank plans Β£100m funding round after Β£26m injection πŸ”— Read more

πŸ‡ΈπŸ‡ͺ SEBx, the innovation arm of major Swedish bank SEB, has offered a first look at Unquo, a hybrid personal and business charge card πŸ”— Read more

πŸ‡ΊπŸ‡Έ Chime raised $485 million on Series F and now worth $14.5 billion and eyes IPO by 2021 πŸ”— Read more

🌎 Challenger bank Jefa aims to unbanked women in Latin America πŸ”— Read more

πŸ‡©πŸ‡ͺ German fintech lender Monedo files for bankruptcy πŸ”— Read more

🌐 Swift has announced a new 2-year strategy that sees it expand beyond financial messaging and into transaction management services πŸ”— Read more

πŸ‡¦πŸ‡΄ National Bank of Angola (BNA) and Beta-i, an innovation consultancy, have joined forces to create the first fintech regulatory sandbox in the nation πŸ”— Read more

πŸ‡ΊπŸ‡Έ The American government is banning the use of Chinese app WeChat for the transfer of funds or processing payments within the US πŸ”— Read more

πŸ‡¦πŸ‡Ί Australian startup Cape is preparing to launch a corporate credit card powered by Open Banking technology early next year πŸ”— Read more

πŸ‡©πŸ‡° Subaio, a Danish subscription manager, has launched with its first banking client outside the Nordics: Netherlands-based ABN AMROΒ πŸ”— Read more

πŸ’š The Partnership for Carbon Accounting Financials (PCAF) is launching a coalition aimed at the promotion of measuring and disclosing carbon emissions in the UK financial services industry πŸ”— Read more

πŸ“± Building Westpac’s new mobile banking app from the ground up in two year, long journey covered in official Westpac blog πŸ”— Read more

πŸ’Έ Klarna has closed its $650 million in an equity funding round, at a post money valuation of $10.65 billion πŸ”— Read more

πŸ‡ΊπŸ‡Έ Envel, a Boston-based challenger bank calling itself β€œthe world’s smartest bank account”, has announced its plans to launch this Autumn πŸ”— Read more

πŸ‡ΉπŸ‡· A new report, published in September 2020, byChainalysis says that Turkey is the undisputed cryptocurrency king in the middle-east region and also accounts for the highest total transaction volume in the region πŸ”— Read more

πŸ‡±πŸ‡§ areeba has partnered with payment technology provider Wallet Factory to enable mobile payments in Lebanon by introducing Zaky, the new mobile payment platform πŸ”— Read more

πŸ’³ Apple ended its partnership with Barclays as it looks to take more control of its financing offerings πŸ”— Read more

πŸ“ƒ Google's vision for the future of bank marketing, AI, data and brand πŸ”— Read more

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