Building a digital bank — from scratch
Varo Money CEO and Cofounder Colin Walsh, says that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. Read more: www.pymnts.com
Santander doubles the size of London FinTech venture fund
Banking major Santander has doubled the size of its fintech venture capital fund Santander InnoVentures with a $100m injection of fresh capital.
Lunar Way nabs €4.2m for mobile banking app
Danish banking app Lunar Way is aiming to build a banking experience for the “Snapchat generation”. The startup offers a mobile banking app. Read more: www.fintechroundup.com
Yellow Brick Road revamps wealth management with Rubik
Australia-based banking tech provider Rubik has signed wealth management company Yellow Brick Road (YBR) for its scaled advice solution, Provisio. Read more: www.bankingtech.com
Monzo Announces 2016 Highlights (Infographic)
Following an exciting year, which involved an epic Crowdcube campaign and name change, digital bank Monzo shared more details about 2016’s successes. Read more: www.crowdfundinsider.com
PSBC to roll out online consumer banking services
The bank says it will deepen its cooperation with Ant Financial and Shenzhen Tencent in internet and mobile finance. Read More: ww2.cfo.com
Wealth managers are too complacent with FinTech
Most understand the threat to profit margins but few use fintech to their advantage. Read more: financialadvisoriq.com
Pensionera picks up €1.2m for robot retirement planning
Swedish retirement robo-advisor Pensionera has raised €1.2m after winning Optimizer Invest’s startup competition. The deal values the company at €8m. Read more: www.fintechroundup.com
Starling to launch Pay by Bank app
Pay by Bank app has announced a partnership with Starling Bank that will launch its market leading mobile payments service to Starling Bank's customers. Read more: www.finextra.com
Financial services firms must become tech firms, says Octopus
A "nirvana moment" at Octopus Group has seen it become the latest established firm to launch an in-house tech incubator to keep pace with disruption in the industry. Read more: www.fintechroundup.com