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Digital
Holvi becomes next UK casualty, exits just six months after launch
The Finnish start-up says its departure is down to both COVID-19 and Brexit.
N26 founders get injunction against employees’ works council
A German union is still trying to push on with the meetings.
India’s BaaS Nuclei brings train tickets to banking apps
Nuclei currently has 16 bank customers across India and the Middle East.
Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Robinhood kicks off hiring spree in Texas and Arizona
Trading app says it plans to hire hundreds of new support staff.
American Express looks to buy US fintech lender Kabbage
Kabbage was last valued at more than $1 billion.
Dosh powers PayPal’s Venmo and US challenger Jelli
The fintech says it will soon have 60 million indirect users.
Payments group Stripe snatches General Motors’ CFO
The payments company has been building out its senior team in recent months.
OE Federal Credit Union picks Symitar’s Episys system
The credit union plans to host the Episys system on the cloud.
Revolut’s losses treble to £104.7m after year of rapid growth
Revolut’s revenue was up to £162.7 million in 2019.
Women need to be empowered not preferred, says Modularbank CEO
“They looked at me, as if to say: ‘what is this girl doing here?'” says Vene.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Police Credit Union picks NCR digital banking platform
The credit union plans to support an expansion in membership.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Containers and PCI DSS: 10 requirements financial services must follow
These requirements can present a challenge to financial services now leveraging containers.
TransferWise delivers cross-border transfers for Aussie challenger Up
TransferWise thinks there’s money on the table in Australia.
CIH Bank goes live on Finastra corporate banking solutions
The Moroccan bank wanted to boost the online availability of its services.
Banking offering for landlords Zibo lands $10.5m
Zibo is a fintech for the “underserved landlord”.
Business banking challenger Wise launches premium account in US
The Californian challenger piggy backs off BBVA.
Swansea Building Society deploys Mutual Vision’s Online Banking
Welsh firm brings Mutual Vision’s client base up to 23 in the UK.
UK fintech VibePay launches business accounts
The fintech – which launched last October – has also integrated with a host of new banks.
What the Fintech? Episode 11 | Financial inclusivity in Russia
The CEO of Yandex Money talks about financial inclusivity in Russia.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Aussie BNPL Splitit lands $71.5m for US and UK expansion
Woodson Capital has become a substantial shareholder.
Currencycloud signs up Starling Bank for new multi-currency account
TranSwap, and Remitr have also signed up for its new multi-currency wallet.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
Russian neobank Tinkoff launches charity cashback tool
Users could already make donations manually via the app.
Islamic banks take the lead in adopting fintech solutions
No part of the world has really taken this matter to the next level quite like the Middle East.
US challenger Purple to tap America’s disabled community
The fintech allows users to receive disability benefits up to two days early.
N26 outed for 2019 data breach, employees ask for works council
Around 300 of N26’s 1,500 employees should have access to unencrypted data.
FCA posts concerns over repeat lending by credit firms
UK watchdog highlights issue with letting users borrow again and again.
Starling Bank losses doubled to £52m
The company hired hundreds of employees and focused on attracting new customers.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
UK challenger sync. reveals £5.5m seed round
The fintech was forced to delay launch due to COVID-19.
Cambodia payments fintech Clik lands $3.7m
The capital will also underpin its launch in Cambodia later this year.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
Indonesian fintech Ayoconnect raises $5m in Pre-Series B funding
Firm reaches total funding of more than $10m with new round.
