Six new lenders accredited for UK CBILS
There are now 99 CBILS accredited lenders.
Europe
Wirecard’s UK subsidiary WCS: missed red flags
Red flags include late 2018 financials and a €156,000 lost lawsuit.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
TransferWise partners with two Swiss banking services
TransferWise will tap neon’s 30,000 users.
Bud launches open banking solution for payments
CEO Ed Maslaveckas says aggregation is “least disruptive” part of open banking.
Santander looks to William Vereker for UK chairman role
The appointment is expected to be approved later this week.
ING Belgium deploys Minna Technologies’ subscription manager
ING Belgium has roughly 1.8 million digital banking customers.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
solarisBank lands $67.5m in Series C round
The funding was led by German VC firm HV Holtzbrinck Ventures.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
Resurs Bank’s new CEO prioritises open banking
The Swedish bank has roughly 6.2 million customers.
What the Fintech? Episode 8 | Payments: were systems in Europe ready for COVID-19?
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
IDnow hopes to bring video authentication to UK banks’ onboarding
Customers include Commerzbank, solarisBank, N26, and UniCredit.
HSBC wants to double mobile users by 2022
The bank wants to generate more revenue per customer.
SEB fined $107m by regulator for Baltic AML failures
The Swedish bank failed to identify risk among its subsidiaries.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
solarisBank enables instalments for German AmEx customers
AmEx users can spread payments of more than €300.
Curve gets services back online over weekend
The fintech is still working on third party digital wallet usage and refunds.
Newly licensed RevoluPAY taps global remittance market
The fintech landed its PSD2 licence in Spain at the end of May.
ING taps Expert System to boost back office automation
The Dutch bank is aiming to improve its application of RPA.
Two UK credit unions go live on ClearBank & incuto tech
Hoot Credit Union and Lanarkshire Credit Union activate faster payments.
FCA suspends Wirecard’s UK subsidiary
This has prompted a handful of fintechs to issue warnings to their customers on Friday.
Wirecard files for insolvency amid accounting scandal
The paytech owes creditors almost $4 billion after disclosing a gaping hole in its books.
Lanistar partners with Jumio ahead of “polymorphic” debit card launch
Lanistar landed a $2.5 million seed investment in March.
Aviva taps Fenergo to revamp client onboarding systems
Fenergo will switch out Aviva’s KYC, AML, and CDD services.
Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
Anna Manz appointed new CFO of LSE
Manz succeeds eight-year LSE veteran David Warren.
NatWest launches its no-card payments service Payit
The service uses open banking infrastructure.
Five ways to streamline your online checkout process
The commercial case for streamlining the online payments process is clear.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
Memo Bank launches business offering and lands €20m
The funding round was led by Paris-based BlackFin Capital Partners.
Samsung chooses Curve to power its new Samsung Pay Card in UK
This is a one of a kind partnership for Curve and Samsung.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
Santander’s Asto offers loans to SMEs on Funding Options
The bank joins a roster of more than 200 lenders.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
Wirecard’s former CEO Markus Braun arrested
Munich police say a criminal investigation into Wirecard has been launched.
Emrys La Carte picks FSS Technologies for card issuance
French cooperative to replace paper-based system.
FCA prepares shift to new data collection platform RegData
This is in response to industry feedback about the Gabriel system over the past three years.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Welsh government invests £250,000 in 10-year fintech roadmap
The country wants to create the “right conditions” for fintechs grow.
