Daily Fintech Podcast - March 3rd, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:

Welcome to another episode of our Daily Fintech Podcast.

This podcast episode is sponsored by Privacy Lock. Privacy Lock sets the standard for financial service providers in data privacy compliance.

Protect your business and your customers today. Visit www.pentaprivacylock.com

THE NEWS HIGHLIGHT OF THE DAY IS

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said disconnecting Russian banks from the SWIFT messaging system may bring “unintended consequences” that include third parties finding ways around the penalty.

JUST IN:

Mastercard and Visa have blocked multiple financial institutions from their payment networks in response to Russia's invasion of Ukraine.

ALSO:

Revolut has engaged a global security partner to provide emergency logistical support for its Ukraine-based employees.

FURTHERMORE,

Paysend announced the expansion of its cross-border money transfer services to Colombia with MOVii, a leading mobile wallet service in Colombia.

German banking start-up N26 will be prepared for an initial public offering by the end of 2022, co-CEO Maximilian Tayenthal told CNBC.

More than one million customers are now using digital receipt startup Flux in the UK.

AS FOR PARTNERSHIPS

Douugh Ltd, the banking super app, is pleased to announce a partnership with TrueLayer to access open banking data in Australia.

IDEX Biometrics has partnered with IDEMIA to support Rocker, the Swedish challenger bank, as it launches biometric payment cards to the market.

WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?

Early Spotify backer CREANDUM has raised its sixth fund — a $500m vehicle to back seed and early-stage startups in Europe.

FPL Technologies, the Indian startup that operates OneCard, is set to double its valuation to about $1.5 billion in a new financing round, according to three sources familiar with the matter.

NOW, LET’S COVER NEW LAUNCHES AND FEATURES.

Investment platform Betterment has launched a student loan management solution and acquired the partner and customer relations of Gradvisor, a college savings plan service.

WHAT ABOUT THOSE MOVERS AND SHAKERS?

Shawbrook Bank has hired Arthur Leung as its first chief product officer, as the bank doubles down on its digital strategy.