Azimo shake-up sees appointment of new CFO and COO
Remittance fintech looks internally for C-level replacements.
Europe
Tink raises €90 million to power European expansion
Swedish open banking firm brings funding total close to the $200m mark
BMLL appoints Paul Humphrey as CEO
Johannes Sulzberger, outgoing CEO, will remain on the board as a non-exec director.
UK’s open banking tech hits one million customer milestone
The number doubled in the last six months.
Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect
The new portal will process front and back-office transactions.
Part one: What is the best model for marketplace banking?
A two part series examining marketplace banking by Oliver Mitchell, CEO, Moneycado.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
Fintech Autenti lands $4.48m from three major Polish banks
Alior Bank, BNP Paribas and PKO Bank Polski have all invested.
UK regulators fire Libor warning shots as deadlines loom
The FCA and Bank of England tell industry the time to act is now.
Revolut valued at $5bn by investors ahead of new fundraising
The valuation is nearly three times its last estimated valuation of $1.7 billion.
Lloyds Bank teams with Microsoft to speed up its digital transformation
The partnership is part of the bank’s £3 billion commitment to technology investments.
The problem with better banking
Surely banking customers want and deserve better banking?
TransferGo partners with Currencycloud to reach Kenya, Singapore and Japan
It will facilitate cross-border payments & enable them to launch in 14 new markets over Q1.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
EPA publishes guide promoting transparency for paytech account holders
Barclays, Natwest and Starling all took part.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
Swedish mobile loan app Bynk rebrands to neobank Rocker
The fintech is launching in wider Europe and plans for listing.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
How UK start-up The Money Platform is transforming credit for millennials
EXCLUSIVE: The lendtech is rolling out its open banking offering.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
Exploring the ecommerce World of Asia with Cardpay
FinTech Futures sits down with Robert Ang, Cardpay’s general manager Asia.
PayU nabs controlling stake in PaySense, plans merger with LazyPay
PayU splashes $185 million on new acquisition.
NewDay acquires Deko to grow tech revenues
The acquisition comes months after the appointment of new CEO John Hourican.
Pepper CEO: Banks should provide tools for users’ financial empowerment
Michal Kissos Hertzog speaks to FinTech Futures.
Three ways fintech can address the gender pay gap
Define inclusion and diversity as two very different things.
Al-paca it in: Monzo co-founder leaves to farm Alpacas
The co-founder is quitting to focus on family business ‘Barnacre Alpacas’.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
New challenges due to Open Banking and the benefits of instant payments
APIs are no longer seen as a difficult technical matter, but as a crucial building block.
Belgian banks team up to launch shared ATM network
Four major banks want to create “brand neutral” ATMs.
FCA stirs up competition for banks’ easy access saver accounts
FCA: Competition is not working well for 40 million British customers.
UK SMEs chasing £50bn in late payments, fintech opportunity ripe
SMEs are on average chasing five outstanding invoices at any one time.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Nets acquires Finnish firms Poplatek and Poplapay
Nordic payments group snaps up new firms to boost terminal services.
Signicat appoints new CEO and chairman
Signicat already works with DNB, Allianz and Saxo Bank.
Snoop picks OpenWrks to power its open banking
OpenWrks will connect Snoop to its customers’ current accounts and credit cards.
Tandem Bank to charge customers monthly membership fee
The bank will introduce a £5.99 monthly fee in March.
