Calastone takes on ex-BNY Mellon exec Dan Kramer for US expansion
Kramer managed end-to-end customer experience at BNY Mellon.
Europe
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Ripple invests in XRPL infrastructure startup Towo Labs
Investment going towards the development of hardware wallet firmware.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Cashforce solves forecasting challenge for treasuries, raises €5m funding
INKEF Capital and Citi Ventures led the Series A round.
DIS 2019: OBIE trustee says business-consumer adoption figures in ‘hundreds of thousands’
The ‘big nine’ UK banks still represent around 95% of the market, says OBIE.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
UK lendtech Zopa brings transparency to credit score calculations
Zopa says it’s the first lender to show how it determines who to lend to.
Educating the masses
The age for financial literacy is getting younger and younger.
UK cybersecurity firm Sophos bought by America’s Thoma Bravo for $3.8bn
Sophos houses more than 3,400 staff and a turnover of $710.6 million.
Nine UK fintechs land in Australia under the countries’ bridge programme
The companies will be showcased at Melbourne’s Intersekt conference.
OpenPayd appoints two new C-suite execs
They aim to accelerate its growth and the development of its technology.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
Intesa Sanpaolo invests €7m into vending machine digital wallet MatiPay
The fintech will expand its operations in Europe, Japan and the US.
Queen’s Speech reinforces UK’s aim to be world-leading regulator
The report found London has the world’s highest concentration of finserv firms.
Libra: Already a victim of fraud
According to the Facebook model, you steal a little and they bank the ad revenue.
Revolut hires JP Morgan to manage $500m funding round and issue a $1b loan
The loan will turn into shares if Revolut receive a US banking licence.
HSBC takes on digital challengers with First Direct overhaul
The telephone-based brand is looking at AI and in-app technology.
Facebook’s Libra suffers additional regulatory scrutiny
FSB & G7 leaders believe it should halt operations until legal oversight is completed.
UK’s Royal Mint unveils first 18-carat gold payment card
The card enables limitless spending and zero foreign exchange fees.
EBA publishes work programme for 2020
The EBA will focus on six strategic areas in 2020.
FundRock appoints Lee Marshall as CTO
He joins from MasonBower, with previous experience from KNEIP and JP Morgan.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Video: Top fintech stories this week – 11 October 2019
FinTech Future’s weekly news round-up.
Unigestion migrates to the cloud with SimCorp Dimension
Asset manager transitions from on-premises to an outsourced model.
Metro Bank brings fintech to UK SMEs with £120m funding
The bank wants to inject “much needed competition” into the SME space.
Credit Suisse mulls return to US private banking to serve LatAm’s wealthiest
The bank is looking to add $15 billion in assets to a new Miami base.
Bank of England reveals new £20 note featuring artist Turner
The new polymer note will be the first to utilise two transparent windows.
Temenos signs core banking deal with Maltese challenger Laskaris Finance
Laskaris will serve high-net-worth individuals and corporate clients.
Deutsche Bank to focus on Germany for job cutting scheme
Bank’s home market to suffer the brunt of cuts.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
OakNorth appoints former Google executive
Sunil Chandra joins as CEO of its next-generation credit platform
DPR and ClearBank complete partnership, savings meet APIs
DPR’s core banking technology will serve Clear Bank’s savings customers.
Vista Equity Partners mulls Finastra sale
Private equity firm could jettison 50% of tech firm
World Federation of Exchanges outlines opposition to FCA crypto-derivative ban
UK watchdog wants to protect retail customers from scams
AI: Understanding bias and opportunities in financial services
In this two-part series, Nadia Sood explores the issues with AI constructs.
SME challenger bank Recognise partners with nCino
Recognise plans a 2020 launch for SME banking.
Ripple inks blockchain partnership with Finastra
Finastra brings blockchain to its payments solutions.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
