Goldman: FinTech revolution can’t come soon enough
The Wall Street firm’s young online retail-banking unit is growing and could, once big enough, crank out far higher returns than the investment bank. Read more: www.nytimes.com
One FinTech that’s still going head-to-head against banks
For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians. Read more: www.americanbanker.com
Wells Fargo tests Facebook chatbot
Wells Fargo & Company is testing a "chatbot" with the bank's customers on Facebook's messaging platform. Read more: www.reuters.com
What does the future hold for banking?
The most commonly held expectation for the future was of increased automation in all industries. Read more: www.finextra.com
JP Morgan to triple size of New York tech hub
JPMorgan Chase & Co., the biggest US lender, is planning to more than triple the size of its technology hub in New York City. Read more: www.bloomberg.com
Xero takes on a fresh $26.4m from Silicon Valley investor TCV
New Zealand Stock Exchange-listed accounting software-maker Xero has landed $26.4m from US late-stage investor Technology Crossover Ventures (TCV). Read more: www.fintechroundup.com
Danish startup Hufsy joins with solarisBank on SME banking
The Danish FinTech startup Hufsy is ready to offer fellow startups a banking service beyond what they are used to. Read more: www.finextra.com
88% of global banks sweat over losing revenue to FinTech
A new report from PwC has found that a large majority of financial services intend to team up with FinTech companies in the next three to five years. Read more: www.cryptocoinsnews.com
Token takes $15.7m to get banks ready for PDS2
Open banking compliance platform Token has secured a $15.7m investment from investors as the introduction of PDS2 nears. Read more: www.fintechroundup.com
HR and benefits platform Hibob scores $17.5m
UK HR management and employee benefits platform Hibob has raised $17.5m in its Series A funding round. Read more: www.fintechroundup.com