Fintech Nomanini raises $4 million in funding round led by Standard Bank

August 28, 2019 Digital Banking

        Nomanini, a fintech platform for the informal retail ecosystem, has announced a $4 million funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion. Through the terms of the strategic investment, Standard Bank gains a stake in the company and the ability to use...Continue reading

TransferWise launches debit Mastercard in Australia & New Zealand

August 19, 2019 Uncategorized

        After endless requests from customers across Australia and New Zealand, it’s finally here. We’re excited to announce the launch of our debit card down under — your passport to cheaper spending overseas. Traditional bank cards weren’t built to travel. You’re charged foreign transaction fees every time you tap or swipe abroad — on top of the bad exchange...Continue reading

Standard Chartered Uses Blockchain for Supply Chain Finance

August 6, 2019 Blockchain

        Shanghai, China – Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers. This milestone in the ongoing strategic collaboration between the two parties since signing a memorandum of understanding in February this year is the first time that the Linklogis platform has jointly delivered deep-tier...Continue reading

Digital Bank MoneyLion Raises $160 Million

July 24, 2019 Digital Banking

        MoneyLion has raised $160 million in funding. MoneyLion previously revealed $60 million of this amount but has since added $100 million as part of Series C funding round. MoneyLion is an entrant in the hot challenger bank marketplace. It provides its banking services via a partnership with Lincoln Savings Bank. The regulatory arbitrage is typical in the digital...Continue reading

N26 launches in the US

July 12, 2019 Digital Banking

        N26 is launching its banking app in the US. Starting in a staged rollout, the 100,000 customers on the US waitlist will be invited to sign up and have full access to the product. A full public launch will follow later this summer. The launch in the US market marks the next step in the company’s mission to...Continue reading

Standard Chartered accelerates momentum of its digital strategy across Africa

July 2, 2019 Digital Banking

        Digital banks are now available in Botswana, Zambia and Zimbabwe as part of the bank’s digital transformation strategy for Africa. Standard Chartered announced that another multi-market launch of its digital bank in Botswana, Zambia, and Zimbabwe as part of its digital transformation strategy in Africa. The next wave of digital-only banks follows launches in Uganda, Tanzania, Ghana, and...Continue reading

Facebook’s new digital wallet for a new digital currency

June 19, 2019 Payments

        We’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as...Continue reading

Standard Chartered Bank to set up fx e-trading and pricing engine in Singapore

June 3, 2019 Payments

        Standard Chartered Bank announced its plan to establish a Foreign Exchange (FX) e-trading and pricing engine in Singapore, with support from the Monetary Authority of Singapore (MAS). Standard Chartered Bank will launch this e-trading engine by the first quarter of 2020, offering the Bank’s clients FX e-trading of 130 currencies and more than 5,000 currency pairs in Spot,...Continue reading

Deutsche Bank launches instant payments in Malaysia

May 14, 2019 Payments

        Deutsche Bank announced that it is now able to process payments using Malaysia’s instant credit clearing system, DuitNow for corporate clients. Duitnow is an initiative aligned with the ambitions of ASEAN 2025, which include creating a regional real-time payment ecosystem. This real-time fund transfer platform will allow Deutsche Bank’s corporate clients to make payments and receive funds nationwide,...Continue reading