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Wednesday, September 30, 2020

Jan Cerny

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Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Revolut => Open banking? Yes in the U.K.

Possibly biggest European banking and money transfer app, Revolut, claims approx. 10 million customers. Now Revolut partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.

A Starbucks bank? Korean banks are concerned

A growing number of Korean banking groups are being concerned with Starbucks.

Mobile payments in 2024? Biometrics about to secure $2.5 trillion.

Biometric authentication will be used in $2.5 trillion worth of mobile payments by 2024. That means an increase of nearly 1,000% from $228 billion in 2019, driven by the rise of WebAuthn standards adoption, according to a new report from Juniper Research.

The biggest changes to “Swipe fees” in a decade! Let’s see what Visa is planning.

Visa Inc. is planning some serious changes in the rates U.S. merchants pay to accept its cards. They are hoping to convince more people to abandon checks and adjusting their fees for new businesses such as ride-hailing and app-based services.

Financial marketplace for immigrants? Rewire.

In Tel Aviv, a neobank built specifically for migrants was founded.

New freelancer wallet in Pakistan! All by PaySend and JS Bank co-op

‘Freelance Wallet', a global network of payments that allows freelancers to receive payments from more than 40 countries directly on their cellphones.

Banking chatbot developer Kasisto raises $22 million

New York-based Kasisto is a conversational AI company that developed the banking “brain” KAI, and more generally is a technology provider that works with large institutions, including JPMorgan Chase, TD Bank, Emirates NBD Bank, DBS Bank, and Mastercard.

Pay later with Klarna! Retailers discuss future on Klarna’s platform

Klarna Bank AB, commonly referred to as Klarna, is a Swedish bank. It held its first “Smoooth Sessions” event of the year, with a panel of retail experts coming together to consider the future of retail.

A rival to Stripe and Square emerges! Finix raises $35m

Finix has raised a $35 million Series B. Sequoia led the round, which also saw participation from new investors Activant Capital and Inspired Capital.

Underbanked Mexicans may celebrate, Stori has raised $10 million

Mexican digital banking startup Stori has raised $10 million in Series A2 financing.

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