Budget 2021: What does it mean for UK fintech?
FinTech Futures scrolls through the UK chancellor’s new budget to pick out the fintech impact.
BankingTech
Piraeus Bank extends Antelop partnership for digital payments
The Greek bank has worked with Antelop since 2018.
ABA Bank picks Alessa system to meet new AML regulations
Cambodian bank prepares to hit new regulatory targets.
London calling
City firms can still access EU market despite no financial services deal.
Banking Tech Awards 2020 Winner: au Jibun Bank – Best Use of AI
Rebuilding consumer confidence in investments with an AI-driven market forecasting capability within a banking app.
UK Finance plans future revamp for Open Banking body
The OBIE is morphing into a new organisation to support innovation.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Croí Laighean Credit Union signs for Temenos SaaS platform
Temenos wins another Irish credit union for Community Banking platform.
UK chancellor to reveal £22bn infrastructure bank in 2021 Budget
The bank will offer loans to local authorities at lower rates to support new projects.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
What makes a successful data partnership?
How to make data monetisation measures an important part of your business strategy.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Banque Misr kicks off digital transformation plans with Atos
Atos to deliver new digital banking experiences for Egyptian bank’s customer.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
Banking Tech Awards 2020 Winner: TMRW – Best UX/CX in Finance Initiative
Exclusive interview with Kevin Lam, head of TMRW Digital Group.
Video: Top fintech stories this week – 26 February 2021
FinTech Futures’ weekly news round-up.
The big fight: banking vs technology companies
In over 30-years of banking, I have never seen a more complex and competitive landscape as there is now.
Atom Bank plans £40m shareholder fundraise in prep for future IPO
The bank has raised £429 million to date from eight funding rounds.
FCA boosts data strategy with new executive hires
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
US credit builder Petal closes $125m debt facility
Petal has closed $440 million in debt and raised $100 million in equity.
Lloyds spends big on tech projects as profits slump 72%
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
Banking Tech Awards 2020 Winner: AFS – COVID-19 Response by Fintech
An innovative approach to urgently find solution to accommodate the US government’s Payroll Protection Program.
What the Fintech? | S.2 Episode 5 | Rising to the top
Featuring Alexandra Boyle, head of strategic client group for Europe at OpenFin.
Report: The power of data analytics in fintech solutions
A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
Tyme lands $110m in Series B funding, plans Asia-Pacific expansion
TymeBank looks to expand beyond its South African headquarters.
ACI and Mastercard partner to provide Peruvian real-time payments
Peruvian clearing house CCE is deploying a collection of systems from the two companies.
Penta Bank raises €7.5m in extended Series B funding round
German challenger bank brings total raised this round to €30 million.
BBVA deploys Google Cloud security analytics platform
Spanish bank is first in Europe to implement Google Cloud’s Chronicle
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
A seven-year-old tells us what we (should) already know about banking
Your customers aren’t seven-year-olds, but they probably want a lot of the same things.
The operational imperative for intraday liquidity management
Intraday liquidity management is not a regulatory tick-box but a vital part of banks’ business as usual operations.
Bank of Queensland splashes $1bn to challenge Big Four with ME Bank purchase
Australian lender seeks to make up ground on country’s largest lender.
Alpha Bank finalises €10.8bn loan portfolio sale
US fund Davidson Kempner takes on largest portfolio sale of its kind in Greece.
Vanquis signs credit building partnership with Loqbox
Loqbox to help Vanquis customers unable to get credit cards.
Capital Group hires Marta Zarraga as new CIO
Zarraga has 25 years of industry experience at firms like Aviva, Vodafone and BT.
NBA star Russel Westbrook leads $63m investment in Varo Bank
Westbrook also joins the bank as an advisor on communities of colour.
