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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Navigating the Bank Tech Ecosystems of Today and Tomorrow? Response From The Other Two Big 3 Players.

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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

Chime , a digital banking platform, has raised $750M in a Series G. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. HOW’S THE COMPANY PERFORMING? Want the full post?

Capital 78
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Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. The new digital bank is coming about after the joint venture won one of two licenses for full digital banks awarded last week (Dec. and Singapore Telecommunications Ltd. 4) by the Monetary Authority of Singapore.

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UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 

PYMNTS

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported.

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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 Qonto launched its corporate digital banking solution in 2017.

Capital 131
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An interview with Tom Blomfield, co-founder of Monzo

Chris Skinner

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. And it gave me this grounding in how money works, how FinTech, financial technology works, and sort of, how money moves around the world…I worked for a dating website for a year, after I left GoCardless, which was amazing fun.

Study 283
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Hong Kong Permits Virtual Banks in Test to Traditional Lenders

Bank Innovation

Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue.