TranferWise is waiving fees on $20,000,000 in donations to COVID-19 research
The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.
“Paper money will largely disappear in the next couple of years.” Says Anne Boden of Starling
With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.
Robinhood just made $60 million, triple what it made in March 2019
In recent months, coronavirus-linked market volatility has sent trading volumes on apps like Robinhood or Stake.
How is COVID-19 reshaping the fintech work environment
The coronavirus pandemic is obviously having a major impact on the world economy, and although tech and digital companies, including fintechs may be in the best shape ever, they are still facing the consequences in various ways.
“Imagine no branches” Nearly 70% of bank branches to disappear in the next 10 years
The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.
As stores in the UK close, cash usage drops to half
ATM network Link said their customer's usage of the cash machines and cash has fallen by 50% during last week.
Italian Banca Sella now also provides Bitcoin trading
Founded in 1886, Banca Sella is one of the better-known banking institutions in Italy.
JPMorgan Chase closed 1000 branches
JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.
Costa Coffee to go cashless as coronavirus spreads
Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK. Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.
Coronavirus pushes contact-free digital banking
DBS unveiled the second round of relief measures on Wednesday (Feb 26) to help businesses in Singapore cope amid the virus outbreak, in a move that pushes companies to go digital at the same time.
Is the Fintech Bubble About to Burst? Lessons from Credit Suisse’s Collapse
Last week, UBS acquired Credit Suisse in a $3.25 billion rescue deal. This event has raised concerns about the viability of business models of highly valued fintech startups.
Zeta and Featurespace Join Forces to Offer Innovative Credit Card Processing and Fraud Detection Solution
Modern core banking technology provider Zeta and fraud prevention company Featurespace announced a new partnership on March 22, 2023.
Fintech Companies Put a Hiring Freeze Due to Economic Climate
A major new report by Erlang Solutions has revealed that half of all fintech firms have put a stop to hiring staff in 2023 due to the challenging economic climate.
Recap of FinovateEurope 2023: Key Themes and Takeaways
With a focus on innovation and customer needs, the future looks bright for the industry.