Early adopters of back office efficiency gain an edge, but the industry needs wholesale change through standardisation.

Genome is an Electronic Money Institution, licensed by the National Bank of Lithuania, founded in 2018. Specializes in online financial services for personal and business needs: the opening of business, settlement and merchant accounts with dedicated IBAN’s, providing SEPA and SWIFT transfers with a possibility to do currency exchange and also payment processing via credit cards and all other alternative payment methods.  The fintech company has announced a support act during the pandemic and canceled service fees for low-risk businesses.

Remote tellers broaden customer banking options

RBR’s Teller Automation and Branch Transformation 2019 report reveals that video banking technology is increasingly being adopted to extend banking services both within and beyond the branch. The study, which covers 23 key global markets, shows that the uptake of video teller machines is rising, as institutions seek to boost customer access and cut costs.

N26 has today announced an extension of its Series D funding round to $570M, with a further increase of more than $100M coming from all of the company’s major investors. To date, N26 has raised close to $800M, keeping its valuation at $3.5B. N26 is today one of the highest valued and most well-funded FinTech companies globally.

Form3, the leading cloud-native, payment technology provider, and Barclays, a leading provider of financial services to regulated payment institutions, have announced a combined directly connected access solution to the SEPA Instant payment scheme with Ebury as launch client.

PostFinance, one of the leading retail financial institutions in Switzerland, and additiv, a leading SaaS provider to the wealth management industry, today announce the successful implementation of a new, 100% digital investment platform for PostFinance customers.

FIS™ (NYSE: FIS), a global leader in financial services technology, today announced the addition of Google Pay to its Hosted Payment Page (HPP) product for online merchants. Because Worldpay from FIS has made the technical integration within their HPP offering, merchants can simply “turn on” Google Pay to enable express online checkouts.

MCO (MyComplianceOffice) announced today a strategic partnership with Governor Software Ltd. to unite the dynamic data collection and workflow capabilities of MCO’s flagship product, MyComplianceOffice, with the visual mapping of global regulations to compliance governance available in Governor Software.

OpenPayd, the API-led Banking-as-a-Service provider, today announces the appointment of Digby Try as the new Head of Sales. With over two decades of cross-border payments experience, Digby will bring invaluable insight to the team driving OpenPayd’s next phase of growth.

Judopay, a leading mobile-first payment provider, today announced that together with SafeCharge, a Nuvei company, it will enable Envoy Taxi app to take payments in-app as it launches its unique courier app using London’s Black Taxis. It means that people living in London will now be able to use the app to order a collection and deliver items.