Discover more from Marcel’s Digital Banking Newsletter
Digital Banking | 2023 #7
Weekly news up to Monday, 13th of February 2023
'Banking is getting personal' highlights the importance for retail banks to support customers through the current economic climate – and how to do it with personalized financial services.
This segment now accounts for 30-50% of the economy across EMEIA and is ripe for the picking by challenger brands and fintechs.
Whether creating a green-field bank or seeking to transform an existing one, how can you ensure that any new platform is future-proof?
👀 NEWS HIGHLIGHT
Revolut launched a donations page on its app for users to support victims of recent earthquakes in Turkey and Syria.
Donations can be provided through the Revolut app where users can select charities such as UK for UNHCR, The Irish Red Cross, Disasters Emergency Committee and three member charities Save the Children, and more.
😎 SPONSORED CONTENT
Fintech Meetup is Q1’s BIG new event! Find new leads and partners. Meet everyone you need to meet in 30,000+ double opt-in meetings. Hear from 250+ speakers. See 200+ sponsors & Exhibitors and network with 3,000+ other senior level fintechers. At the Aria, Las Vegas March 19-22. Get ticket!
In this episode, Peter Hazlehurst, CEO of Synctera gives lessons about 30 years of building FinTech companies.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 DIGITAL BANKING HIGHLIGHTS
FinTech Meetup in Vegas is just around the corner and I will start and close it with a bang. Join me and let's do this together!
🌎 REGIONAL HIGHLIGHTS
Revolut is now offering stock trading for its Singaporean customers.
A central bank digital currency is currently being explored by the Treasury and the Bank of England.
The Bank of London extended its Series C funding round by $40m to now reach $160m.
Kennek closed a $4.5m pre-seed funding round to scale-up its European operations.
Monzo searches for US CEO to double down on expansion.
ekko revealed a series of unique product updates and opened up its service to employers, banks and payment providers for the first time.
Tide completed its acquisition of credit finance marketplace Funding Options.
Lunar raised €35m to help accelerate its path to profitability and has 500,000 retail customers and 15,000 business customers.
Finzly releases API connection to access FedNow service.
FTC orders MoneyGram to return $115 million to scam victims.
Canadian small businesses are ready to seize the opportunity of open banking.
Asia Alliance Bank signed for a new core banking system from Temenos.
Financial Data and Technology Association calling on Australia's competition watchdog to intervene in ING Bank's planned upgrade to an Open Banking-related system.
Savii announced its official product launch in the UAE, Savii app.
Umba launched operations in Kenya as it begins to expand across the continent and aims to make it easier for consumers and SMEs to interact with banks and mobile money networks.