CFPB sues digital lender MoneyLion for allegedly overcharging customers
CFPB alleges MoneyLion has imposed “illegal and excessive” charges on service members and their dependents.
FinTech
ICYMI fintech funding round-up: KPay, InstaPay, Frost and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
US fintech funding round-up: Brightflow AI, Inclined and Remofirst
A handy round-up of the recent funding endeavours of fintech companies across the US.
Embedded banking with Metro AG and Vodeno
Brands with large customer bases can use BaaS platform providers to create deeper relationships with customers.
White paper: Digital banking – why is it becoming so important to financial organisations?
Fintechs are showing significant growth – learn how banks can stay competitive and efficient.
Voyager Digital to sell its assets to FTX US for $1.4bn
Voyager Digital filed for bankruptcy protection back in July.
Billtrust snapped up by EQT Private Equity in $1.7bn deal
The deal, set to close in Q1 2023, will see Billtrust become a private company.
HSBC and Oracle NetSuite launch new accounts payable solution
NetSuite AP Automation is available in the US as part of NetSuite’s SuiteBanking offering.
Revolut can offer crypto asset services after FCA AML registration
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
Celsius appoints interim CEO as founder Alex Mashinsky resigns
The firm filed for bankruptcy protection in July and is currently restructuring.
UAE’s Fintech Galaxy announces new COO and CFO hires
Former Salt Edge CEO and co-founder Dmitrii Barbasura joins as COO while Iaroslav Babenco joins as CFO.
New challenger bank in India for young professionals – Shelf
Shelf was recently accepted into start-up accelerator Y Combinator’s Summer 2022 batch.
The designer, the surrealist and the potted plant
Hire designers because you have blind spots. We all do.
New “hybrid” banking app Dexy gears up for launch in the US
Founded this year and based in Miami, Florida, Dexy is currently waitlisting applicants.
Video: Quavo at FinovateFall 2022 – Automating fraud and dispute management
We chat with Quavo’s Brittany Usher about the benefits of automating fraud and dispute management processes.
Satispay hits unicorn status with €320m Series D round
It aims to use the new funds to boost growth and support international expansion.
Spanish BNPL fintech SeQura lands €150m financing facility from Citi
The funding will support the firm’s expansion across southern Europe.
Liberis lands additional £140m investment from Barclays and BCI Finance
Barclays initially invested £34m in Liberis in December last year.
London-based open banking app sync. goes into administration
Start-up sync. was planning “massive growth” in 2021, powered by Railsr’s BaaS platform.
Zepz appoints Robert Mitchell as new group CFO
Headquartered in London, Zepz powers remittances for WorldRemit and SendWave.
Digital bank Paytend taps Tribe for issuing and acquiring services
Paytend says the partnership with Tribe will enable more efficient payment services.
Multicloud friction shouldn’t be the status quo
Fintech companies can take specific steps to achieve greater multicloud freedom.
FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
We chat with Ripple’s James Wallis about the rise of CBDCs and the future of blockchain.
India’s Signzy raises $26m in Series B funding round
The funds will be used to further develop its platform and boost its international presence.
French fintech Regate nabs $20m in Series A funding
The French start-up claims to have more than 10,000 clients.
Fintech mortgage lender Perenna lands $30m Series A from IAG Silverstripe
CEO Arjan Verbeek says the investment is “an endorsement of our mission to offer consumer-friendly mortgages”.
Video: QuickFi at FinovateFall 2022 – The evolution of business equipment financing
We chat with QuickFi’s Bill Verhelle about the firm’s new tech developments and growth plans.
New banking and insurance app Onuu goes live in the US
Founded in 2021, Onuu claims to have 600,000 members on its waitlist.
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
Banking app for “global citizens” Bankkit launches in UK
The app offers overseas bill payment functionality and an integrated current account.
It’s not all evil, crypto can also do good
Consumers, regulators and investors are all interested in solving this technology’s climate impact.
Klarna cuts more jobs just months after laying off 10% of global workforce
The BNPL giant is planning more cuts after laying off approximately 700 staff back in May.
New digital bank Bond to launch soon in the UK
Bond is gearing up to launch sometime in Q1 2023.
AccessFintech raises $60m in Series C funding
The Series C funding round was led by WestCap.
B2B fintech Sequence lands $19m seed funding
The round was led by US venture capital firm Andreessen Horowitz.
CSI’s tech to underpin new UK challenger Bevan Money
Bevan Money aims to launch sometime in late 2023 or early 2024.
How financial services are following in the footsteps of Amazon with digital identity
The financial services industry must be prepared to completely reimagine the digital experience.
Cartoon: All in
This new cartoon by Ian Foley illustrates the potential large bets many companies are now placing on AI.
eBook: Towards modern application development in financial services
Ensuring your AppSec programme adds value.
Infographic: Modern AppSec in financial services
Security has never been more important to financial organisations reliant on custom software.
