UK government and banks plan anti-fraud initiative
Partnership will see UK Finance and panel of experts tackle scams.
Europe
Cinnober to be taken over by Nasdaq for $190m
Nasdaq has made a $190 million all cash offer for Swedish trading tech firm Cinnober.
Church of England considers Wonga buyout
People who say they have morals could be coming to fintech.
UK’s Nationwide targets £4.1bn tech investment
Adds another £1.3 billion to its five-year plan.
KPMG takes stake in credit scorer AdviceRobo
KPMG says it will add AI-based predictive behavioural models to its services for lenders.
What customers can expect from Wonga going into administration
It is unlikely that the firm will disappear like Woolworths and Blockbuster.
Refurbishment finance most popular use for bridging finance in Q2
Refurbishment finance reached a peak of 34% of all bridging loan activity in Q2.
Nordea takes open banking to Sweden
So I say thank you for the innovation, for giving it to me.
Yolt cosies up to Anorak’s life insurance advice
Anorak follows in the path of Runpath and Moneytis.
Global Digital Banking Conference – Europe 2018: cash is being murdered
The future of payments gets some attention at RFi Group’s London event.
Global Digital Banking Conference – Europe 2018: fintech ain’t that cool
RFi Group’s London event reckons the death of banks is overestimated.
Banco Sabadell and Mutua Madrileña support Spanish VC Antai
They participated in a $20m funding round.
Klarna settles into UK with CBRF purchase
Close Brothers Retail Finance comes with a loan book of £66m and 600 merchant clients.
Top fintech stories this week – 14 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Interview: Yves Tyrode, BPCE – journey to the centre of tech
Yves Tyrode, chief digital officer at BPCE, is on a mission to deploy a whole new digital strategy.
What supply chain finance tells us about Liam Fox’s post-Brexit export strategy
The launch of the UK Government’s Export Strategy to boost British business is very welcome.
SimpleFinance raises $15m supported by SBI Group
It’s SBI’s largest minority investment to date in a Russian company.
250 ATMs closed monthly in the UK
A report by Link reveals “alarming” closure numbers.
Euro banking watchdog gets anti-money laundering bite
Oh European Banking Authority, what big teeth you have!
Sociable payments start-up B-Social boots up in UK
“Avoid those awkward moments with just a few taps.”
UK mobile money manager Zeux thunders into view
The sky parts as a new firm aspires to be a fintech god.
Sovereign Capital takes control of Asset Control
UK private equity firm invests in financial data management solutions provider.
Fintech W.UP gets new president and investor
Former chief digital officer of Finastra will help “international banks get ahead of digital-native rivals”.
Qudini on cue for NatWest’s cute queue service
UK bank piloting new queuing and appointment booking software.
Barclays opens up mobile banking app to rival accounts
“First” UK bank to allow customers to bring their other current accounts into app.
Monese enables Google Pay with PrePay Solutions
About time for a mobile-only bank.
Fraud detector Ravelin reels in £8m funding
Series B round led by BlackFin Capital Partners.
Quelle surprise! Europe’s banks continue branch cull
Latest figures from European Banking Federation reveal cuts and more.
Bezos and Gates back Wagestream’s £4.5m funding round
Start-up launches “get-paid-as-you-go” service in UK.
Makers Academy: training the coders of the future
Championing a holistic approach to learning.
Unisys on hand for Sutherland’s UK mortgage tech platform
It’s a five-year, seven-figure deal.
Natixis Payments selects Swift for instant payments
Swift will provide connectivity to Target Instant Payment Settlement (TIPS).
OBIE freshens up open banking standards
Version 3.0 covers all products with payment capabilities.
UK banks battle to deal with British Airways data breach
Tweets and action fly in fallout from banking and payment data theft.
ABN Amro and allies invest €14m in CrossLend
Digital lending platform also gets money from Earlybird and solarisBank.
Sberbank and 500 Startups unleash Russian fintech accelerator
Each start-up will receive seed investment of up to $145,000.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
