Digital Banking | 2022 #20
Weekly news up to Monday,16th, May, 2022
👀 NEWS HIGHLIGHT
UK compliance data provider ComplyAdvantage has launched a live sanctions tracker, an interactive dashboard displaying the latest sanctions on Russia following its invasion of Ukraine.
Amid Russia’s invasion of Ukraine, fintech CEOs were asking themselves how the crisis would impact them, with some choosing to outsource expertise to dedicated reg-tech firms like ComplyAdvantge.
In the dashboard, ComplyAdvantage has compiled all new data it has relating to sanctions designations since the invasion, helping keep businesses up to date and ensure they are compliant.
👉 Read more here.
😎 SPONSORED CONTENT
Get to know Payhawk. The most efficient credit card backed by powerful financial software to help companies stay in control of their spend. Schedule a demo and try efficient, paperless, compliant spending today.
📰 ARTICLE
Since launching in 2016, Monzo has won the hearts of gen z and millennials across the UK as their bank of choice. In 2021 scored 5 stars for customer service and an 83% overall satisfaction rate.
👉Read the full article about Monzo's brand story here.
👨💻 BLOG
When used properly, expense categories will form a key part of the expense management process. The best expense management tools will let you assign categories to your spend to promote better visibility and budget reconciliation.
👉 Read more on Payhawk’s blog here.
👨💻 BLOG
Grasshopper bank is preparing for growth on banking as a service and fintech integration.
Tremont and Butler came to Grasshopper with a plan to expand the bank into digital business banking and banking as a service.
👉Read the full article here.
💬 INTERVIEW
Zach Bruhnke, CEO and co-founder of the HMBradley, is looking for someone to retroactively name the company after, and he wants to give away $25,000 while doing it.
“I’ve never been so excited to give away a bunch of money,” Bruhnke said.
👉Read the full article here.
💡INSIGHTS
Visa and Mastercard have announced their latest earnings – Q1 2022.
👉Read the full article here.
🎤 PODCAST
The future of digital Identity, authentication & managing fraud with Amir Nooriala on the couch - chief commercial officer at Callsign.
In this great conversation find out more about:
-Callsign’s mission and vision between UX, fraud prevention and compliance, the new era of authentication and government regulations of digital banking.
👉Listen to the full episode here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 DIGITAL BANKING HIGHLIGHTS
⭐️ Visa and Solarisbank partner with fintech FINOM to launch Italy’s first business banking accounts with integrated e-voicing. Link here.
⭐️ Google launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, and more. Link here.
⭐️ Griffin submits an application for UK banking authorisation, hitting a major milestone in building a developer-friendly bank for fintechs. Link here.
⭐️ U.S. Bank announced a $100 billion community benefits plan to accompany the proposed merger with MUFG Union Bank. Link here.
UK 🇬🇧
Monet unveils Weavr-powered creator finance platform. Link here.
Revolut reports a 215% increase in 'silver swipers'. The number of transactions by UK users aged 55-74 using Revolut has quadrupled, and an increase of around 470% in the amount spent over the past two years. Link here.
EUROPE 🇪🇺
Five Degrees and Twikey announce a collaboration. Link here.
Skaleet announced a new partnership with Marqeta. Link here.
USA 🇺🇸
Current partners with Plaid and plans to offer embedded banking. Link here.
Qoins Technologies Inc. announces the launch of Qoins Card, a new debit card to help Americans get out of debt faster. Link here.
KeyBank announced that it acquired GradFin. Link here.
Greenwood has announced the acquisition of The Gathering Spot. Link here.
Atom Finance launches embedded ctock and crypto intelligence tech for trading platforms. Link here.
LATAM
Nubank's Cristina Junqueira and Brazil’s Banking Revolution. Link here.
Nubank is adding the option for customers to buy and sell bitcoin and ether on its platform. Link here.
Grupo Financiero Banorte has joined a United Nations' program to offer digital bank accounts to refugees in Mexico. Link here.
MOVERS AND SHAKERS
Sean Horgan has been appointed Head of Investor Relations of MoneyLion. Link here.
Hawk AI appoints Steve Liu as US general manager. Link here.
This is a unique place where everybody from the FinTech space is welcome to connect and share news, insights, job opportunities, investment deal flow, etc.
I look forward to talking with you there.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.