👀 NEWS HIGHLIGHT
Revolut is hoping to become the online shopping destination of choice for its over two million Irish customers, as part of the launch of Revolut Shops.
👉 Read the full Altfi article by Oliver Smith here.
😎 SPONSORED CONTENT
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📰 ARTICLE
How a new anti-woke bank stumbled.
GloriFi CEO Toby Neugebauer won over A-list investors to build a bank for people who consider Wall Street too liberal. Within months it was nearly bankrupt.
👉 Read this great the Wsj long read article "How a New Anti-Woke Bank Stumbled" by Rachel Louise Ensign, P,eter Rudegeair and AnnaMaria Andriotis here.
💬 INTERVIEW
“We’re merely scratching the surface of what can be achieved with FinTech,” claims Co-founder and CEO of Frost Pawel Oltuszyk.
👉 Read the full everly.eu interview here.
💡INSIGHTS
Many Singaporeans are still using ATMs and visiting bank branches even though close to nine in 10 Singaporeans (88 percent) use mobile banking at least a few times a month.
👉 Read the full Fintechnews Singapore article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 DIGITAL BANKING HIGHLIGHTS
⭐️ Goldman Sachs Group Inc’s David Solomon is embarking on his third major reorganization in just four years as chief executive officer, undoing some of the signature moves he made as recently as 2020. Link here.
⭐️ LHV UK to buy the SME lending business of Bank North. Link here.
⭐️ Telda raises $20M from GFC, Sequoia Capital, and Block. Link here.
⭐️ Orange Bank deploys real-time sanctions screening with SAS and Neterium. Link here.
⭐️ Marcus is expected to lose more than $1.2bn in 2022, according to the bank’s internal projections. Link here.
⭐️ Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B. Link here.
⭐️ Lulo secures $200M to further democratize banking. Link here.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
GoHenry raised $55m to accelerate its plans for global expansion. Link here.
Modulr has announced its membership in the Digital Pound Foundation community. Link here.
Yapily and Juni team up to improve access to credit for ecommerce. Link here.
Railsr has selected SurePay as its UK Faster Payments confirmation of the payee vendor. Link here.
OakNorth Bank acquires a 50% stake in ASK Partners. Link here.
Form3 announces its plans to launch a cloud-native API solution to connect financial institutions globally to the SWIFT network. Link here.
LendInvest deepens JP Morgan relationship, wins £180m Lloyds Bank partnership. Link here.
EUROPE 🇪🇺
Danske Bank customers are now able to pay with the Dankort part of their Visa/Dankort card when they use Apple Pay. Link here.
Snoop has extended its partnership with Tink. Link here.
Bunq doubles down on budgeting features. Link here.
N26 saw revenue (and losses) rise sharply in 2021. Link here. N26 wanted to buy Bitpanda. Link here.
Alpian SA announced the opening of the first Swiss digital private bank designed to cater specifically to the needs of the mass affluent client segment. Link here.
USA 🇺🇸
BankiFi and progressive financial institution Axiom Bank, N.A. are joining forces to make banking better for SMBs across the United States. Link here.
JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks. Link here.
With $67M in new capital, NorthOne is doubling down on SMBs as some FinTech companies pull back. Link here.
Apple partners with Goldman Sachs to introduce high-yield savings accounts for Apple Card holders. Link here.
BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments. Link here.
LATAM
Nubank reaches 70 million customers in Latin America. Link here.
ASIA
Netbank partnered with APAC lender Zetl to provide financing for small and medium-sized enterprises (SMEs) in the Philippines. Link here.
Agribusiness Rural Bank, Inc. introduced a world-class new mobile banking App for Android and iOS. Link here.
ICICI Bank introduces “Smart Wire,” an online solution for remittances. Link here.
Hong Kong and Singapore offer the best mobile banking experience in Asia, fifth globally, a study shows. Link here.
Affin Bank partnered with global technology services firm Aspire Systems to lead its digital banking transformation journey. Link here.
AUSTRALIA 🇦🇺
Australian banks set on accelerated digital transformation after moderate progress over the past 12 months. Link here.
P&N Bank partners with Frollo to launch the Open Banking financial empowerment app. Link here.
MIDDLE EAST
Al Maryah Community Bank announced the provision of digital payment services via Apple Pay. Link here.
LuLu Financial Group partnered with Wio Bank. Link here.
Bank ABC announced the regional rollout of its digital, mobile-only bank, ila, to major MENA markets, starting with Jordan. Link here.
AFRICA
Wise has announced that it will suspend money transfers to Nigeria from November 1. Link here.
Maplerad raises $6M, led by Peter Thiel’s Valar Ventures. Link here.
MOVERS AND SHAKERS
Andrei Cherny, the chief executive officer of financial-technology firm Aspiration, is stepping down from his post at the company he co-founded amid a delay in plans to merge with a special purpose acquisition company. Link here.
UAE digital bank Zand’s Olivier Crespin steps down as CEO. Link here.
If you are a fintech startup and have over 100 questions send me an email, and maybe I can answer a few.