Next Gen Banking

133 articles tagged with this keyword

/startups

Revolut nets £63m from share sale

Digital banking app Revolut has netted £63m ($80m) from US private equity firm TSG Consumer Partners in its latest funding round.

/cloud

Deutsche Bank and Google Cloud agree multi-year deal

German banking giant Deutsche Bank has agreed a multi-year partnership with Google Cloud for the provision and joint development of cloud services.

/payments

P27 on track as Norway commits further and community banks are brought into the fold

A 40-plus priority project plan in full swing, Norway once again close to proceedings and ongoing discussions with all four countries’ financial authorities, project P27 is very much on track, P27 CEO Lars Sjogren assures, in a frank and candid interview with Finextra

/retail

Neobanks’ Covid-19 recovery will provide the blueprint for future scalability in fintech

The fintech industry continues to flourish across Europe, the Middle East and Africa despite economic setbacks such as those that have emerged following the outbreak of Covid-19.

/covid-19

Barclays invests in trade finance scale-up

UK high street bank Barclays has become the highest profile investor so far in Stenn, a UK-based online trade finance provider.

/payments

Australia central bank mulls lowering e-payments charge

The Reserve Bank of Australia (RBA) is considering reducing the charges applied to certain payments due to the high number of people opting for contactless methods in response to the Covid-19 pandemic.

/crypto

Tokenise launches regulated digital exchange

A digital securities exchange, Tokenise, has collaborated with post-trade service provider GMEX to launch a regulated digital exchange.

/sustainable

Bunq CEO: Covid-19 no threat to appetite for sustainability

Continuing pressure caused by Covid-19 has not put a dampener on bunq’s green-minded users, as 81% of the Dutch challenger's online community have pushed for a 'SuperGreen' commitment to plant trees for every EUR100 spent with any bunq card.

/Next Gen Banking

E-commerce firms to get helping hand into banking markets with Standard Chartered nexus

Standard Chartered is rolling out a new business platform that will help e-commerce firms shape loans, credit cards and savings products for their customers under their own brand name.

/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

/Next Gen Banking

Robinhood outage sees customers threaten class action

Threats of legal action are emerging across trading app Robinhood’s 10 million customer base, following a 17-hour outage on the day the stock market gained $1.1 trillion.

/Next Gen Banking

Investors unconvinced by banks' digital strategies

Only a quarter of investors are confident that financial services firms' digital transformation strategies will be effective, according to a report from Oliver Wyman.

/Next Gen Banking

Remitly launches bank account for immigrants in the US

Digital remittance outfit Remitly is entering the banking business, launching an online account for US-based immigrants.

/Next Gen Banking

Finextra's year in review

With 2019 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

/payments

P27 Momentum: 5 key takeaways

Payments professionals came together at the Grand Hôtel in Stockholm this week for NextGen Nordics: P27 Momentum. While Sweden has become a pioneer for the cashless society, as the first real-time and batch multi-currency platform, P27 is expected to revolutionise the future of payments. Here are the five key takeaways from the event ahead of the launch in early 2021.

/sustainable

Standardised data reporting is the lynchpin for future of sustainable finance

In a recent survey by State Street Global Advisors, 52% of European investors cited regulation as the key driver toward ESG adoption. Yet, despite attempts to introduce regulatory requirements, a lack of standardisation in reporting obligations is proving a significant challenge towards achieving meaningful progress.

/regulation

Trust in Open Banking: Negotiating data liability between banks and TPPs

The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions trying to capitalise its on value without taking on too much risk.

/Next Gen Banking

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

/Next Gen Banking

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

/Next Gen Banking

Modulr invests £20m in Scottish fintech

SME payments outfit Modulr is to invest the best part of £20m in the Scottish fintech industry, in the process creating 53 new jobs and nurturing new technology talent.