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%

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

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

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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

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

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

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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