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Banq statement - Issue 1

This is the first edition of our weekly digest with the latest news and trends in banking and fintech
Banq statement - Issue 1
By Gertjan De Wilde • Issue #1 • View online
This is the first edition of our weekly digest with the latest news and trends in banking and fintech.
TL;DR
  • Open Banking API’s Bud ($20M), and Tink (€56M) fuel growth with new funding
  • Nordea and Deutsche Bank announce new partnerships
  • Open Banking Publishes Operational Guidelines and Checklist
  • New funding for Raisin ($114M), Lunchr ($34M) and ChartIQ ($17.4M)
  • Plaid’s Financial Data Empire, Netflix of fintech services, Swift vs Ripple and why Wealth is the next big fintech game changer

Open Banking API providers fuel growth with fresh funding
Bud and Tink just secured new funding to their fuel growth and hold off US-based competitors Plaid and Token. This space will continue to heat up in the upcoming months due to upcoming deadlines for the open banking regulation and increasing bank API fragmentation.
Tink, the European open banking platform, scores €56M in new funding – TechCrunch
Bud raises $20M to connect banks to fintechs and other financial service providers – TechCrunch
Plaid expands financial service API to include all US banks – TechCrunch
Partnerships
Deutsche Bank gets collateral tech from CloudMargin – FinTech Futures
This is believed to be the first time a tier one bank will use a public cloud-based service for a critical piece of infrastructure, such as managing margin calls with its own counterparties. Joseph Macdonald, Deutsche Bank
Nordea teams with Divido for point of purchase financing
Open Banking and PSD2
PSD2: API Documentation Available – ABN AMRO Developer Blog – Medium
Other funding news
Raisin raises $114 million from PayPal, Index, others to grow European savings marketplace | VentureBeat
Lunchr grabs $34 million for its corporate lunch card – TechCrunch
Fintech startup ChartIQ raises $17.4 mn in Series B Funding
Plaid's Financial Data Empire, Netflix of financial services, Swift vs. Ripple and why Wealth is the next big fintech game changer
Wealth is the next big fintech game changer
How Plaid is Quietly Building a Financial Data Empire
Is this Swift's answer to Ripple? | American Banker
Get ready for the first Netflix of financial services | WIRED UK
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Have a great weekend!
-The Banq team
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Gertjan De Wilde

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