October 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
Barclays
LendInvest renews £300m warehouse financing deal with HSBC, Barclays, and BNP Paribas
In September, LendInvest also increased its funding agreement with JP Morgan by £500 million.
FinTech Futures: Top five news stories of the week – 18 October 2024
Our pick of the top fintech news stories this week includes TD Bank, Barclays, Klarna and more.
Barclays signs agreement to become exclusive issuer of GM credit card programme
The bank will replace Goldman Sachs as the issuer of the US automotive giant’s credit card programme.
Syndicated loan platform Versana raises $26m with plans for global expansion
New York-based Versana has picked up British banking heavyweight Barclays as a new investor.
Barclays sells German consumer finance business to Austria’s BAWAG to refocus on “key businesses”
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
FinTech Futures: Top five news stories of the week – 14 June 2024
Our pick of the top fintech news stories this week includes Starling Bank, Mastercard, Bink and more.
Iwoca lands £270m debt funding package from Citibank and Barclays
The lender says it plans to use the funding to expand its operations in the UK and Germany.
FinTech Futures: Top five news stories of the week – 3 May 2024
Our pick of the top fintech news stories this week includes Goldman Sachs, HSBC, Microsoft and more.
Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
Barclays welcomes back Steve Weston as head of everyday money management
Weston left the UK bank in December 2015 to found the now-defunct Aussie challenger Volt Bank.
FinTech Futures: Top five news stories of the week – 1 March 2024
Our pick of the top fintech news stories this week includes Webull, Citi, Blackstone, Enfuce and more.
Blackstone buys $1.1bn of US credit card debt from Barclays
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
FinTech Futures: Top five news stories of the week – 9 February 2024
Our pick of the top fintech news stories this week includes Worldline, Deutsche Bank, Barclays and more.
Barclays acquires Tesco Bank for £600m
Barclays says it will “welcome approximately 2,800 Tesco colleagues” as part of the deal.
Long-serving Barclays exec Matthew Haines leaves for Santander
Haines has joined Santander’s Payments Centre of Excellence as product owner, effective this month.
Barclays’ bid to cut costs saw 5,000 jobs axed in 2023
A Barclays spokesperson confirms the cuts were part of the bank’s “ongoing efficiency programme”.
ClearBank names former Barclays and Starling exec Megan Cooper as new chief product officer
Cooper joins ClearBank from Barclays UK, where she served as CPO for its consumer banking platform.
FinTech Futures: Top five stories of the week – 1 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn
Reuters reports that the bank’s managers are looking to increase profitability and are reviewing proposals.
FinTech Futures: Top five stories of the week – 21 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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LSEG and Barclays team up in multi-year data and digital push
LSEG will proffer access to its data and insights, as well as support Barclays’ digitalisation journey.
Barclays names Kirsty Everett as chief compliance officer
Everett will join Barclays on 1 July, subject to regulatory approval.
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Barclays to invest £500m in climate tech start-ups by 2027
Barclays says it made the decision to boost its investment following “substantial interest and demand”.
Barclays makes changes to group executive committee as COO steps down
Alistair Currie is set to take over from Mark Ashton-Rigby as the bank’s new group COO.
Barclays fined £8.4m by payments regulator for breaking interchange fee rule
The PSR has fined banking heavyweight Barclays £8.4 million for failing to comply with the IFR.
Payment Systems Regulator outlines card-acquiring market remedies
Focusing on 14 providers will ensure “around 95% of transactions for the merchants our remedies will protect will be regulated”.
SEC fines 16 Wall Street firms $1.1bn for recordkeeping failures
For more than three years employees routinely used messaging apps on their devices to discuss business matters.
FinTech Futures: Top five stories of the week – 2 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Barclays to sell remaining 7.4% stake in South Africa’s Absa
The offloading of 63,072,652 shares will raise approximately £538 million, Barclays says.
FinTech Futures: Top five stories of the week – 17 June 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
NatWest, Citi, Barclays trial Finteum intraday FX swap and repo platform
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
Barclays to shutter 27 more branches, taking its total to 103 branch closures for the year
As customers increasingly bank digitally, Barclays is “carefully reducing” the number of underused branches.
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
Barclays and Oracle FS team up for virtual account management project
The large-scale VAM project aims to deliver “more capability to corporates”.
Barclays turns to HPE GreenLake for private cloud platform
The new cloud platform will host thousands of apps and 100,000+ workloads.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
Barclays shuffles executive team as new group CEO settles into role
C.S. Venkatakrishnan stepped into the top job following the departure of former chief Jes Staley.
