New banking and insurance app Onuu goes live in the US
Founded in 2021, Onuu claims to have 600,000 members on its waitlist.
News
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.
Banking start-up Fiinu readies for launch with new leadership hires
Fiinu has hired a new CFO, CPO and head of technology.
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.
Video: ebankIT at FinovateFall 2022 – Digital banking innovation and user engagement
We chat with João Pinto of ebankIT to discuss the firm’s new products and its US expansion plans.
Virgin Money names Sarah Wilkinson as new COO
Wilkinson joins from Thomson Reuters, where she currently serves as CIO and head of TR Labs.
AccessFintech raises $60m in Series C funding
The Series C funding round was led by WestCap.
Citi to wind down UK retail banking ops to focus on wealth management
Citi’s retail banking footprint in the UK is small, with one branch at its EMEA headquarters in Canary Wharf.
B2B fintech Sequence lands $19m seed funding
The round was led by US venture capital firm Andreessen Horowitz.
Morgan Stanley’s wealth management arm hit with $35m data protection fine
The SEC says that MSSB failed to protect the personal identifying information of approximately 15m customers.
CSI’s tech to underpin new UK challenger Bevan Money
Bevan Money aims to launch sometime in late 2023 or early 2024.
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.
FinTech Futures: Top five stories of the week – 23 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Payoneer appoints Assaf Ronen as its new chief platform officer
In his new role, Ronen will lead Payoneer’s newly created platform division.
Video: Scotiabank at FinovateFall 2022 – The real-world use cases for crypto in banking
We chat with Amreen Sodhi of Scotiabank about the future of cryptocurrency in banking and payments.
Stash goes live with self-built core banking system Stash Core
Stash partnered with Stride Bank, Mastercard, Marqeta, Mambu and Alloy, among others, to develop Stash Core.
Change at the top for crypto exchange Kraken with former COO to lead firm
Dave Ripley is to lead the firm with current CEO Jesse Powell set to become chair of the company’s board.
Zopa Bank and ClearScore in bid to strengthen consumer finances by 2025
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
Video: Seattle Bank at FinovateFall 2022 – Competition and collaboration in financial services
We chat with Josh Williams of Seattle Bank to discuss how collaboration between banks and fintechs has evolved.
Hamburg Commercial Bank completes SEPA payments cloud migration
Completed in under 12 months, the implementation follows the migration of HCOB’s international SWIFT payments.
Israeli embedded finance start-up Noble emerges from stealth with $18m
Noble plans on using the new funding to hire new team members and aid product development.
Equity management platform Ledgy raises $22m Series B
Ledgy will use the funding to expand its workforce, boost product development and cement its presence in Europe.
ICYMI fintech funding round-up: Higlobe, CNote, DolarApp and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Middle East and Africa fintech funding round-up: Julaya, erad, SecondSTAX and Exits.me
A round-up of the recent funding endeavours of fintech companies across the Middle East and Africa.
“Care now, pay later”: medical care fintech Scratch raises $35m Series C
Scratch offers a payment model to help patients cover the cost of medical care.
Copper.co taps Fenergo for AML and client lifecycle management solution
Copper will utilise Fenergo’s tech to onboard “increasingly complex” client ownership structures.
FairMoney taps banking tech vendor Oradian to power next growth phase
Oradian’s account, finance and investment offerings are tailored to the needs of rapidly developing markets.
Video: Bain Capital at FinovateFall 2022 – Investment trends in fintech
We chat with Sarah Hinkfuss of Bain Capital to discuss where the smart money is being invested in fintech.
Video: OakNorth at FinovateFall 2022 – How financial services can help tackle climate change
We chat with Bruce Richards of OakNorth about how banks are looking to achieve net-zero targets.
New family banking app Verity launches in MENA region
Verity aims to help children develop their personal finance skills.
BankiFi appoints Danny Piangerelli as its new CTO
Piangerelli will oversee all aspects of technology including engineering, architecture and infrastructure.
Capita to sell Pay360 to Access PaySuite in £150m deal
Capita says the deal will help lower the firm’s debt and provide additional liquidity.
JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations
The ClearTrade solution has been integrated into JP Morgan’s trade processing system.
Revolut falls victim to “highly targeted” cyber-attack
In an e-mail to affected customers, Revolut says some individuals may be vulnerable to fraud and phishing attacks.
Maslife partners Railsr to launch new financial and mental wellbeing app
The app is being supported by Mastercard and Checkout.com.
Target Group makes new CEO and COO appointments
John Barker has been named as the firm’s new CEO, with Peter O’Connor taking on the role of COO.
