2019 Fintech Milestones
JAN
2019
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Jan 08
70% of Central Banks involved in CBDC research, BIS outlined in a survey
Jan 16
UK-based Capify secured £75M Credit Facility from Goldman Sachs to accelerate growth
Jan 25
Globcoin launched GLX Stablecoin backed by the world’s top 15 currencies and gold
Jan 30
TrueLayer launched Open Banking-based Payments API
Jan 16
UK-based Capify secured £75M Credit Facility from Goldman Sachs to accelerate growth
Jan 29
Global Market Insights reported that the mobile wallet market can reach $250 billion by 2024 with a CAGR of over 15%
Read more: Open Banking and PSD2 will Push Innovation
Jan 30
TrueLayer launched Open Banking-based Payments API
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FEB
2019
Feb 06
India’s Federal Bank launched Open Banking platform to build innovative financial solutions
Feb 13
IBM announced a $700 million deal with Santander to accelerate transformation
Feb 18
Yolt launched Open Banking APIs for businesses across Europe
Feb 21
Apple and Goldman Sachs teamed up to launch credit cards paired with iPhones
Feb 13
IBM announced a $700 million deal with Santander to accelerate transformation
Feb 19
Australia introduced ‘Consumer Data Right Bill’ to parliament to lay the framework of Open Banking
Read more: PSD2 - Opening Doors for Innovation
Feb 21
Apple and Goldman Sachs teamed up to launch credit cards paired with iPhones
MAR
2019
Mar 07
HSBC launched PSD2 developer portal to build open banking products and services
Mar 25
Norway’s bank DNB partnered with Nordic API Gateway for account aggregation in one app
Mar 28
Klarna launched Open Banking platform to enable account access to more than 4,300 European banks
Mar 25
Norway’s bank DNB partnered with Nordic API Gateway for account aggregation in one app
Mar 28
Klarna launched Open Banking platform to enable account access to more than 4,300 European banks
APR
2019
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Apr 01
Deutsche Bank and Serrala launched API solutions to facilitate real-time payments
Apr 12
PayU acquired Wibmo for $70 million to offer new payment solutions
Apr 27
Banking Circle and Ixaris partnered to boost cross-border payments
Apr 29
Norwegian Ministry of Finance adopted a new regulation on debt-based crowdfunding
Apr 12
PayU acquired Wibmo for $70 million to offer new payment solutions
Apr 29
Norwegian Ministry of Finance adopted a new regulation on debt-based crowdfunding
Read about the trends shaping fintech in 2020
MAY
2019
May 01
Volt announced its Open Banking payments platform to enable access to more than 4,000 European banks
May 02
Checkout.com raised $230 million in Europe’s largest Fintech series A funding
May 13
NatWest announced a partnership with the Open Banking platform Tink
May 29
NatWest launched payment services leveraging Open Banking
May 02
Checkout.com raised $230 million in Europe’s largest Fintech series A funding
May 29
NatWest launched payment services leveraging Open Banking
JUN
2019
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Jun 04
Nuapay reported that 89% of merchants are prepared for Open Banking
Jun 06
Mastercard announced a new suite of Open Banking apps for customers across Europe
Jun 06
Visa and LINE Pay partnered to build new financial services on blockchain
Jun 17
Lloyds bank launched Open Banking app for credit card and savings customers
Jun 18
Facebook unveiled Libra to transform payments
Jun 26
An independent report was published that says Open Banking could realize £18 billion a year to the UK economy
Jun 06
Mastercard announced a new suite of Open Banking apps for customers across Europe
Jun 06
Visa and LINE Pay partnered to build new financial services on blockchain
Jun 18
Facebook unveiled Libra to transform payments
Jun 26
An independent report was published that says Open Banking could realize £18 billion a year to the UK economy
Read about the major happenings of blockchain in 2019
JUL
2019
Jul 18
Post Office, UK’s largest retail network partnered with Western Union to expand its cross-border payment offerings for UK businesses
Jul 23
EY partnered with Open Banking Nigeria to extend innovative financial services for individuals and businesses across Nigeria
Jul 24
Digital payments and innovation specialist, Carta Worldwide, partnered with Konsentus to provide clients with Open Banking compliance under PSD2
AUG
2019
Aug 01
Australian Parliament passed the Consumer Data Right (CDR) law to establish Open Banking in Australia
Read more: PSD2 - Opening Doors for Innovation
Aug 06
Mastercard acquires Nets account-to-account payment business for $2.85 billion
Aug 07
The People's Bank of China reported that they are ready to launch the world's first digital currency
Aug 13
FCA announced an 18-month extension period to implement SCA
Aug 20
Apple launched its credit card for all US customers partnering with Goldman Sachs as its issuing bank
Aug 06
Mastercard acquires Nets account-to-account payment business for $2.85 billion
Aug 07
The People's Bank of China reported that they are ready to launch the world's first digital currency
Aug 20
Apple launched its credit card for all US customers partnering with Goldman Sachs as its issuing bank
SEP
2019
Sep 09
Fintech startup Sonovate secured over £100 million in funding
Sep 14
The September PSD2 Deadline arrived
Sep 20
Visa announced the expansion of Visa B2B Connect to new 32 countries
Sep 25
HSBC launched trade finance API to offer financial institutions the ability to build apps with full visibility of their bank guarantees
Sep 14
The September PSD2 Deadline arrived
Sep 25
HSBC launched trade finance API to offer financial institutions the ability to build apps with full visibility of their bank guarantees
OCT
2019
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Oct 07
More than 100 fintechs applied to participate in UKs Open Up 2020 Challenge
Oct 08
The Swiss National Bank and the Bank for International Settlements signed an agreement to examine the integration of CBDCs into a DLT infrastructure
Oct 28
Softbank-backed Kabbage launched new payment services for SMEs across the US
Oct 30
Western Union updated its Open Banking APIs to streamline global payments for around 37,000 business
Oct 31
South Korea launched a pilot of Open Banking system with ten banks
Oct 08
The Swiss National Bank and the Bank for International Settlements signed an agreement to examine the integration of CBDCs into a DLT infrastructure
Oct 30
Western Union updated its Open Banking APIs to streamline global payments for around 37,000 business
Oct 31
South Korea launched a pilot of Open Banking system with ten banks
Read about the trends shaping fintech in 2020
NOV
2019
Nov 06
Open Banking Europe published PSD2 Transparency Directory to store all key information on bank APIs
Nov 06
GoCardless Launched first global network for recurring payments with foreign exchange powered by TransferWise
Nov 11
Singapore Fintech Association and Federation of Indian Chambers of Commerce and Industry signed an agreement to further develop the Fintech industry
Nov 26
Fintech Biza.io launched Australia’s first Consumer Data Right compliant Open Banking Sandbox
Nov 27
Postal Savings Bank of China, the state bank with the largest branch network, signed a cooperation agreement with Ant Financial on Fintech Innovation
Read more: How to become a PISP player under PSD2?
Nov 06
GoCardless Launched first global network for recurring payments with foreign exchange powered by TransferWise
Nov 26
Fintech Biza.io launched Australia’s first Consumer Data Right compliant Open Banking Sandbox
Nov 27
Postal Savings Bank of China, the state bank with the largest branch network, signed a cooperation agreement with Ant Financial on Fintech Innovation
Read more: How to become a PISP player under PSD2?
DEC
2019
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Dec 12
IMF recommended that central banks to explore the Central Bank Digital Currencies in its blog
Dec 13
Sweden’s Central Bank said to partner with Accenture to launch a pilot program for E-Krona
Dec 20
Australian Competition and Consumer Commission (ACCC) delayed the launch of Consumer Data Right to July 2020
Dec 23
Monetary Authority of Singapore started a consultation on digital payment tokens and e-money to innovate payment services
Dec 13
Sweden’s Central Bank said to partner with Accenture to launch a pilot program for E-Krona
Dec 23
Monetary Authority of Singapore started a consultation on digital payment tokens and e-money to innovate payment services
Read about the major happenings of blockchain in 2019
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