Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, announced COVID-19 Response & Community Support initiatives that stem from SVB’s mission to increase its clients’ probability of success, champion the innovation economy and support the global communities in which the company operates. 

 Mastercard announced it is enabling the increase of contactless payment limits across Canada, as people look for safer ways to pay in the wake of the COVID-19 (coronavirus) pandemic.

Investors, both private and institutional, are excited about investing in fintechs that are in the payments services business. What are the issues that really should matter to you, as a client?

 Research conducted by new entrant to the UK fintech market, Modularbank, in partnership with market research specialists, OnePoll, has found that over 90% of UK consumers claim that a strong technology offering is important to them when choosing who to bank with. In fact, based on a survey of 2,000 UK consumers, this factor was cited more than any other as being an important factor in making this decision – more so even than interest rates, which 88% of consumers cited as being important in their decision. 

Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs have announced a new partnership agreement.

The solution enables Norwegian customers of Lendonomy to instantly and securely lend and borrow small amounts of money to and from each other with payments powered by the Neonomics open banking API. The partnership is the first practical application of PSD2 payment APIs within the crowdfunding and crowdlending industry in Norway.

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $55.6 billion in March 2020.  This represents an increase of 40% compared to February 2020, and 43% increase when compared to the same period in 2019. 

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe.

Responding to the sharp increase in consumer requests for payment holidays related to the COVID-19 pandemic, global analytics software firm FICO has created a set of digital scenarios that can help lenders, telecommunications providers and other firms meet this urgent need in an automated way.

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced that David G. White has just joined the firm in the newly created role of Chief Commercial Officer. White has 14 years of capital markets experience in over-the-counter (OTC) derivatives markets and supporting technology.

How Digital Transformation is reshaping competition in financial services