Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
FinTech Future’s weekly news round-up.
Starling CEO: “I didn’t do all of this to sell out to a big bank”
One million customers have been reimbursed so far with an average of $60 each.
FinTech Future’s weekly news round-up.
The bank mentions the pressures on revenues in a low yield environment.
FinTech Future’s weekly news round-up.
Australian bank hints at moving to 10x technology for its core.
The bank has racked up a €1.3 billion bill for one-off items.
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
The report found London has the world’s highest concentration of finserv firms.
This comes ahead of the January regulatory deadline to reach a core capital ratio of 10.5%.
Businesses can see transactions in seconds rather than days.
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Figure means an increase of 14% in blocked criminal transactions.
The latest financial quarter brought licence deals worth $29 million.
The funding was led by New York-based investor Prudence Holdings.
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Profits have fallen but sales increased to over $100 million.
Drawing the curtains on a bright tomorrow.
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David Arnott will leave to “spend more time with his new family and baby”.
“Last year was TSB’s most challenging year.”
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That said, the profit before tax of £50 million is much better than 2017.
Revenue rocking and cash flow positive.
US firm has lost money for the second consecutive quarter.