Banking for kids fintech GoHenry unveils biodegradable card
The card is made up of 82% bio-sourced renewable materials.
Europe
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
Societe Generale tests digital euro with Banque de France
The bank hopes the test will pave the way for a more simplified market infrastructure.
ECB hands banks €851m in first round of PELTRO funding
This is the first of ECB’s “pandemic emergency longer-term refinancing operations” plan.
EIS launches in the UK
The insurance platform expands its global footprint.
Monzo’s Tom Blomfield swaps CEO title for president role
US CEO TS Anil will also be the bank’s UK CEO.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Billon pilots digitised national currency with Raiffeisen Bank
If successful, the project could be deployed to RBI’s CEE countries.
Six new UK lenders approved for CBILS including fintech iwoca
CBILS grants have accounted for £7.25 billion in crisis cashflow for SMEs.
Silicon Valley Bank bags Santander chief exec as new UK COO
Prior to Santander, Patrick Flynn spent six years at Barclays as COO of its capital arm.
Rimilia appoints new board chairman as part of wider exec shake-up
The fintech has also appointed a new CTO and CPO.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Four EU banking bodies request one-year delay to T2-T2S consolidation
The consolidation is due to be completed in November 2021.
UK green investment platform Clim8 raises £1.35m
The fintech is due to launch sometime this summer.
Anquan Capital partners with crypto arm of Germany’s WEG Bank
The partnership includes an undisclosed investment from Anquan.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
European regulators lift short-selling bans
Austrian, Belgian, Greek, French, Italian and Spanish regulators took a joint decision to lift the restrictions.
UK fintech Fly Now Pay Later lands £35m Series A
The start-up says it will use its investment to help “reboot” the travel industry.
Longevity Card lands investment from Deep Knowledge Ventures
The card will launch in the UK and Europe in early Q4 2020.
Former Sberbank employee to tap Europe with challenger Intruder
Payments will be able to work in messenger apps via a bot.
UK SME lender B-North adds TruNarrative to its tech stack
The two have been working together since early 2019.
Nordea partners up with Tink on open banking
It’s set to launch for the bank’s users in Norway, Finland and Denmark “in the coming months”.
UK fintechs Tide and Liberis land loan accreditation
Tide is aiming to get loan delivery up and running today.
SME fintech ANNA bags £17.5m from ABHH Group
The investment values it at $110m, with the founders keeping a 40% stake in the start-up as part of the deal.
Digitalisation a must-have for lending in a post-COVID world
The coronavirus pandemic has affected and disrupted every aspect of financial services.
Monzo’s valuation plummets 40% to £1.25bn in latest fundraising
The fintech was valued at £2 billion last June.
Aegean Baltic Bank of Greece selects Wolters Kluwer’s OneSumX
The bank picks Wolters Kluwer to meet Basel IV and CRD V requirements.
Breaking down tech overhauls with CKV’s chief digital officer
Implementation of nCino’s cloud banking software took a year for the bank.
Freetrade sets new record on Crowdcube with $5m raise
The round is its sixth crowdfund to date.
Deutsche Bank resumes job cuts during coronavirus
“We decided to further accelerate our cost reduction program,” says CEO.
Insurance financer Bexhill UK applies for banking licence
Founded in 2000, Bexhill UK works with roughly 250 brokers.
Will COVID-19 drive mortgage transformation up a gear?
The market needs to step up its efforts to better engage borrowers on their mortgage options.
Starling Bank and Funding Circle team up to provide £300m in CBILS loans
The fintechs say the partnership will help more than 4,000 small businesses.
Marcus cuts easy-access saver rate again to 1.05%
On 19 March, the Bank of England cut its base rate to 0.1%.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Featurespace raises £30 million in venture funding
Anti-fraud company nabs new injection to support growth.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
