Weekly News Highlights - 1 April 2021
Stay up to date with the latest news from fintech! This week, we bring you updates and developments on SEC’s fresh inquiries on SPACs, mergers and acquisitions of insurtech companies, partnerships and supports, Visa’s acceptance of crypto purchases, new legislative proposition for Open Banking, potential losses for banking, and the opportunity that arise with […]
Multiple bank platform Cobase gets PSD2 licence with help from Van Doorne
Cobase helps companies manage multiple banking relationships through a single platform. In late June they secured the license from the De Nederlandsche Bank (the Dutch central bank). The license covers them as an account information service provider and a payment initiation service provider. Law firm Van Doorne advised Cobase during the application process. Managing multiple […]
Open Banking: Why banks need to do it
Open Banking: Why banks need to do it By Marc Brogle, CTO Banking & Capital Markets, DXC Imagine a virtual ATM. An application that gives you cash anywhere. An app enabled by local shops or restaurants where you can withdraw cash on the spot instead of running around the city to find your bank’s […]
Franx launches PSD2 APIs
Franx, a Dutch company who assists globally operating entrepreneurs to make international payments and handle FX transactions via its platform, has launched payment initiation and account information APIs in a production environment. In this setting, third parties can access the Franx platform. As PSD2 is poised to increase competition in banking and related services, such […]
Yolt announces major integrations at Money20/20 Europe
Frank Jan Risseeuw, CEO of Yolt, an ING-backed fintech with an app that helps people better manage their money, announced integrations with Raisin, Funding Options, ING, and Payvision, onstage at Money20/20 Europe. The former two companies will offer services to consumers on the platform while the latter two will provide functionality for Yolt’s business clients, […]
Perspectives on the future of banking and customer experience
There’s a lot going on in banking. Regulations, tech, challengers, and non-banks like big techs, such as Google, Facebook, and Apple, offering banking services and products. However, what stands at the centre of all of this is the customer. Today, along with Fincog and Innopay, we held a roundtable on the future of banking and […]
Alternative lending platform Funding Circle goes to Canada
Funding Circle, a peer-to-peer lending platform emanating from the UK and now servicing Germany, the Netherlands, and the US, have their sights set on entering the Canadian market. The first to offer such a P2P platform for business lending in the UK, Funding Circle continue to help SMEs fight against unfavourable financing terms set by […]
Yolt Beta testing a better way to pay
After connecting all major High St banks to their mobile app, and becoming the first third-party-provider to do so, Yolt have released a beta test of Yolt Pay, which allows users to initiate payments from within the app. With the UK implementing their open-banking legislation a little more than a year before The Netherlands (with […]
Italy and France receive jolt as Yolt begins open beta
Yolt, who pride themselves on riding the open banking surge to “unthink” money, yesterday announced that iOS and Android users can download the open beta application free of charge. Yolt allows using to combine their accounts and credit cards under one app to end juggling multiple applications, windows and devices. The consumer-centered product also offers […]
Research At A Glance: Week 49
Diversity & Inclusion in Tech: A Practical Guide for Entrepreneurs by Atomico This report serves as a pragmatic and actionable guide for the tech, promoting diversity and inclusion. In five parts, it describes the process of changing behaviours and attitudes towards diversity and inclusion, prompting the type of questions companies should be asking to respond to […]