Starling Bank lends through Zopa while it builds its own platform
The neobank currently holds £1.25 billion in deposits.
Europe
Monzo set to hire another 500 and reintroduce paid accounts
CEO Bloomfield says it is also looking into lending more as a revenue driver.
GCC Capital AB picks BearingPoint for EBA reporting requirements
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Santander hires head of P2P payments
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
Standard Chartered sets up Singapore-based venture with Assembly Payments
The new payments venture is designed to help ecommerce merchants.
RBS changes name to NatWest and appoints new Bó CEO
“It really makes no sense for us to continue to be called RBS,” says chairman.
European Commission warns eight countries over late AML laws
Countries include Cyprus, the Netherlands, Portugal, and Spain.
Flywire secures unicorn status with $120 million Series E funding round
Goldman Sachs led the latest round.
Paysafe bags new CTO from Barclays
Sujit Unni is joining at an exciting time for the company.
Community spirit: Reminiscing on the halcyon days of the bank branch
“I had to find out how to best serve people and customers at a community level.”
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Diebold Nixdorf to manage Belgian banks’ combined ATM network
Argenta, AXA Bank, Crelan, and vdk bank pick DN for ATM upgrade.
Saffron Building Society selects Burrow mortgage application tech
Saffron is the first user of the Burrow system due for launch later this year.
Swedbank partners SIA and TietoEVRY for RT1 payments
30 million payments have already been made on the new system.
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
The bank is splitting its three-part structure into five.
FinovateEurope: Danske Bank’s UK chief digital officer doesn’t like chatbots
“I don’t like them, and more importantly customers don’t like them.”
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
Why we need to persuade governments to tokenise the world’s forests
Tokenisation is a new innovative mechanism for sustainable financing.
FinovateEurope: Key takeaways
Sharon Kimathi and Ruby Hinchliffe explore the event’s top five themes.
AnaCap to acquire Wealthtime
AnaCap takes first step into UK wealth management
FinovateEurope: Yolt chief exec muses API quality determining account switches
This would be “a nice end point for open banking”, he says.
UniCredit outlines 6,000 job cuts and 450 branch closures in cost-cutting plan
Italian bank kicks off its three-year plan.
Sainsbury’s Bank chairman to step down
Davis leaves after seven years in the post.
Deutsche Bank reaches out to Big Tech for cloud assistance
Deutsche Bank has reportedly invited proposals from Microsoft, Google and Amazon.
Fenergo gains $80m investment from ABN Amro, DXC Technology
Fenergo aims to expand its product portfolio following new injection.
How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
AutoRek wins Bank of England’s tender for reconciliation tech
AutoRek will provide a centralised platform across finance and operations for BoE’s reconciliation.
Three Irish credit unions sign for Temenos’ banking tech
Capital Credit Union, Credit Union Plus and Tullamore Credit Union sign for Temenos’ tech.
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
Pay.UK consults industry on NPA standards
The consultation relates to the use of ISO 20022.
FinovateEurope: RBS head says bank has “turned a corner” in its innovation culture
“Our approach historically [to innovation] was the wrong one,” Broadbent admits.
Ask the expert Finovate special: I’m a new fintech
How can I generate awareness of my business among potential investors and clients?
German challenger N26 pulls out of UK ‘over Brexit’
N26 has been operating under “passporting” rules since October 2018.
How Canada’s Wealthsimple is building a whole financial suite
“We’re building a lifestyle brand,” says the fintech’s Europe CEO.
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Supplement: FinovateEurope 2020
Read our free FinovateEurope Supplement, packed with fintech goodness!
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Why Payments-as-a-Service is the first choice for FIs
More financial institutions are choosing to outsource their mission-critical payments infrastructure.
