The Week in Review

Friday November 23, 2018 –

Here are the new and noteworthy stories we have been following this week.

Bank Leumi plans to launch online bank in US

Bank Leumi is planning to launch its digital-only bank Pepper in the US.

https://www.verdict.co.uk/retail-banker-international/news/bank-leumi-online-us-pepper/

China’s Ping An invests in Berlin fintech start-up in push to modernize Europe’s financial services industry

Ping An makes a $47 million investment in Finleap.

https://www.cnbc.com/amp/2018/11/19/chinas-ping-an-invests-in-berlin-fintech-start-up-finleap.html

Capital One buys tech start-up used by millions to price-check while shopping on Amazon

Capital One acquired an online shopping startup Wikibuy earlier this month.

https://www.cnbc.com/2018/11/20/capital-one-buys-startup-used-to-price-check-while-shopping-on-amazon.html

U.S. banking sector reports $62 billion profit in third quarter: FDIC

According to the FDIC, the US banking sector generated profits of $62 billion in the third quarter.

https://www.reuters.com/article/us-usa-fdic-results/u-s-banking-sector-reports-62-billion-profit-in-third-quarter-fdic-idUSKCN1NP27G

CYBG to lend £400m via Salary Finance

CYBG has agreed to fund £400 million in personal loans via Salary Finance.

https://www.bankingtech.com/2018/11/cybg-to-lend-400m-via-salary-finance/

Poland launches first regulatory FinTech sandbox

Poland is launching a FinTech regulatory sandbox overseen by the country’s Financial Supervision Authority (KNF).

https://emerging-europe.com/business/poland-launches-first-regulatory-fintech-sandbox/

Paytech Sezzle sizzles with $100m line of credit

Sezzle raises a $100 million credit line from Bastion to fund further expansion of its POS financing business.

https://www.bankingtech.com/2018/11/paytech-sezzle-sizzles-with-100m-line-of-credit/

Amazon Pay Accepted Here? Web Giant Aims to Put Digital Wallet in Stores

Amazon is looking at taking its digital wallet Amazon Pay to in-store merchants.

https://www.wsj.com/articles/amazon-pay-accepted-here-web-giant-aims-to-put-digital-wallet-in-stores-1542796827?utm_content=buffere7015&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Elo Extends Partnership with Discover to Launch Elo Diners Club International Cards in Brazil

Elo and Discover announced that they will launch of Elo Diners Club International cards in Brazil.

https://www.businesswire.com/news/home/20181121005064/en/Elo-Extends-Partnership-Discover-Launch-Elo-Diners

Nordics P27 initiative could drive common infrastructure for direct debits

The Nordic countries are looking at developing a common infrastructure to support payments as part of the P27 initiative.

https://www.finextra.com/newsarticle/33007/nordics-p27-initiative-could-drive-common-infrastructure-for-direct-debits