Hummingbird raises $8.2m led by Flourish Ventures
Flourish Ventures led the round, with new support from Stripe alumni Lachy Groom and Jon Zieger.
Europe
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Swiss digital asset tech partner Metaco lands $17m Series A
Investor Standard Chartered says “digital assets are here to stay”.
Non-profit Fair for You lands £7.5m to take on credit sector
Seven social investors took part.
Tink continues acquisition play with credit decisioning platform Instantor
Instantor employees a team of 26.
FreedomPay partners with Barclaycard
FreedomPay activates its Commerce Platform solution for Barclaycard customers.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
Five Spanish banks complete blockchain POC for interbank payments
The platform has programmed more than 20,000 instant credit transfers.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
State-backed green bank to land in UK to hit country’s climate goals
The government sold its original green bank in 2017.
Monese and Paysafe sign digital banking partnership
Monese customers are able to use Paysafecash with their accounts.
Currencycloud nabs e-money licence from Dutch central bank
The London-headquartered firm secures post-Brexit future.
Islamic P2P lender Qardus launches in UK for SMEs
The new P2P lender offers unsecured loans of up to £100,000.
Privatbank’s CEO talks turmoils and turnarounds
In 2019, the bank’s net profits jumped by 2.5 times.
Russia’s VTB opens third round of start-up accelerator
VTB is looking for new retail and corporate solutions.
Barclays launches robo-advisor for £5k investments with Scalable
The service is called ‘Barclays Plan & Invest’.
B-North boosts risk assessment with Wiserfunding deal
SME challenger picks Wiserfunding to support its risk grading.
Co-operative Bank’s digital arm Smile goes down for days
Smile has around 100,000 customers.
Viva Wallet selects ClearBank as UK banking provider
Viva Wallet bought a Greek neobank back in January.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
Metro Bank snaps up former Co-operative chief risk officer
Richard Lees will join Metro after four years at his current employer.
Lloyds partners with Swedish fintech to offer subscription management
The bank is currently in pilot stage.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Major Dutch banks launch AML joint venture
Rabobank, ING, ABN Amro, Triodos Bank, and de Volksbank make AML move.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
ING appoints ex-Google and Confused.com exec as Yolt CEO
Weng Kan led Google’s attempt to edge into the insurance market in 2015.
Lithuania’s central bank launches e-shop for digital collector coins
Some 4,000 digital LBCOINs will go on sale via the bank’s e-shop from 23 July.
Ziraat Bank Greece switches to Natech banking suite
Ziraat’s new tech – Natech Core Banking CSB2 and Poseidon AML – reduced IT costs and operational complexity.
Why mid-sized players should embrace the direct-to-consumer model
It’s imperative for businesses to be able to help customers directly.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
ClearBank hires new CFO and CIO
UK clearing bank adds two to executive ranks.
HSBC France to cut 38% of global banking and markets jobs
It’s seeking to cut 255 of 678 jobs by the end-2021 as part of a broader plan to reduce costs.
Forte Securities picks Profile Software’s Axia
London-based broker selects Profile to power custody services.
How financial institutions can capitalise on open banking benefits
The median open banking spending lies between €50-€100 million according to Tink.
Report: A new decade of core banking transformation
A new FinTech Futures report examining the role of core banking in the industry today.
Barclaycard and SAP extend partnership to combine Commerce Cloud and Smartpay
This is the second integration of systems between the pair.
TransferGo hires Edgardo Savoy as new CTO
Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.
