AI-powered insurtech Concirrus closes £5m funding
London-based company brings total raised to £12 million.
Europe
SIA seeks fintech paradiso with new open banking platform
Italian firm wants to embrace almost everyone.
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
Bitwala raises €4m to build blockchain bank account
Earlybird and Coparion as investors.
Nummo closes $1.9m funding and sets up Advisory Council
The PFM firm aims to expand its offering.
Smart pay solutions for children: what every parent needs to know
Children are swapping piggy banks for prepaid cards and smart payment services.
Tandem Bank adds auto-savings rules
“Improving savings habits is one of the hardest things someone can do.”
NPSO releases first details on New Payments Architecture
The details are around new procurement process for the clearing and settlement layer.
ING Bank in Romania closes physical cash desks
ATMs will be the only choice to withdraw and deposit cash by the end of October.
Open Banking shouldn’t be written off, the revolution is just starting
Realising the benefits that Open Banking will deliver will take time.
Banco BPM is Cristal clear on instant payments
Italy’s Banco BPM has selected Worldline’s Cristal for its instant payment platform.
Revolut records annual loss but revenue grows fivefold
Revolut’s 2017 revenue stands at £12.8m and customer base at 1.3m.
BBVA’s app shows account activity from other banks
BBVA’s has become the first bank in Spain to offer this service.
Tiffany & Co and Worldline unveil UK’s first luxury vending machine
The world’s first all-in-one Android-based payment terminal now in the UK.
Scottish fintech Butterwire gets a smooth cut of funding
Reaching 150% of its crowdfunding goal.
UK seeks Asian fintech ties post-Brexit
Economic secretary of the UK Treasury, Joh Glen, tours Asia.
Country spotlight: Lithuania, blockchain nation
The Baltic nation sets out its ambitions to be the region’s fintech hub and gateway to Europe.
Latvian lending start-up Nordigen secures $800k funding
Gets investment from Seedcamp and Inventure.
Barclays unveils new digital platform in Western Europe
UK bank looking for more action in the corporate space.
Ireland Adapt-s to fintech with €5m research programme
No confusion as Adapt Centre will lead Fintech Fusion.
Bank of England preps UK fintech for next decade
Its “Vision 2030” looks at the future of finance across the nation.
Barclays, RBS and NatWest’s online systems go down
Only Barclays has resolved it so far.
Virtual money assistant Cleo really gets $10m funding
The “Siri of personal finance” speaks about its Series A investment.
Scotland’s Strathclyde Uni unleashes fintech accelerator programme
Brave hearts can apply for an overall package of £10,000.
Investment platform Primary Bid gets £2m funding
UK firm bids for European expansion.
ING invests €7.5m in open banking ace Cobase
Dutch firm Cobase wants to expand beyond Europe.
Gibraltar International Bank gets ready to rock with core system revamp
New online and mobile banking services are on the way.
Equifax fined £500k for UK security breach
15 million UK citizens were affected during the cyberattack in 2017.
NatWest starts quantum computing testing
May be able to execute tasks at 300 times the speed of a traditional computer.
High noon for UK’s “Wild West” crypto-assets
Treasury Committee puts on sheriff’s star and shoots straight.
ING invests £5m in UK lendtech Funding Options
Dutch bank also takes minority stake in the SME lending marketplace.
Divido keeps it together with $15m funding
Aims to expand to ten more countries before the end of 2019.
Europol warns of crypto cyberattack increase
Its 2018 Internet Organised Crime Threat Assessment makes for grim reading.
Danske Bank’s CEO resigns over money laundering crisis
Related to €200 billion in possible money laundering in Estonia.
Denmark’s central bank turns to SIA for new RTGS system
Later this year the country will be connected to Target2-Securities.
France Swave-s hello at UK fintech jobs
Government-backed tech incubator Swave employs seduction techniques.
Fintech tour Frankfurt: ready for a post-Brexit world?
TechQuartier represents the first effort to help fintechs settle in the city.
UK banking tech firm Cennox gets £24m funding from RBS and NatWest
Surrey-headquartered firm plans more staff and acquisitions.
Santander to build £150m tech hub in UK
Prepare to get bowled over Milton Keynes!
How banks and disruptive fintech start-ups can create new economic models
Start-ups want to create valuable new products cost effectively and in a spirit of openness and mutuality.
