This is the second edition of our weekly digest with the latest news and trends in banking and fintech.
In short
Open Banking - Yolt moves into B2B, Lunar Way raises €13m, and BNP Paribas Fortis launches account aggregator
Challenger banks - Starling raises £75m, Tandem credit card racks £100m in transactions and Meridian introduces Motusbank
Funding - Nav $45m, Rapyd $40m, Mojo £7m, Chainalysis $30m, and SendFriend $1.7m
Crypto - JPMorgan Chase Moves to Be First Big U.S. Bank With Its Own Cryptocurrency
M&A - Ellie Mae $3.7b, WorldFirst $700m, Solium Capital $900m, and Shoplo undisclosed
Interesting reads - Why the Pay Later API Standard Could be a Turning Point in Banks’ Digital Strategies, API strategy crucial for banks looking to meet GDPR rules, and Swift to open KYC Registry to corporates
Lunar Way, the Nordic banking app that’s riding new EU regulation to help inject more competition into the region, has raised €13 million in new funding.
Belgium-based BNP Paribas Fortis, a subsidiary of BNP Paribas, has launched the multi-banking version of its Easy Banking App for iPhone and Android smartphones.
Nav, a business financial management app that helps small firms get better financing by giving them free access to credit reports, has raised $44.8 mill…
The firm’s new digital token, JPM Coin, is another step in Wall Street’s evolving approach to using blockchain, the technology behind digital currencies.
IBM continues to rack up the financial services contract wins, scoring a huge $700 million global deal with Banco Santander, as well as agreements with…
In January, SWIFT*, a global supplier of financial messaging services, announced the “Pay Later” API specification. “Pay Later” enables merchants to offer consumers financing via banks at the point…
Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partner…
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