Monzo hires former Cash App exec Conor Walsh to lead renewed US expansion push
Walsh previously spent over six years as head of global product at Square’s mobile payment service Cash App.
Walsh previously spent over six years as head of global product at Square’s mobile payment service Cash App.
The ABN Amro Ventures (AAV) fund is comprised of 15 early-stage companies and has €150m in AUM.
The group claims that the appointments will afford it “the governance necessary for success on an international basis”.
It plans to develop its proprietary Brite Instant Payments Network that facilitates 24/7 “instant” processing.
The move is not expected to result in job losses.
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
The UK-based cryptocurrency app intends to complete its US expansion by Q4 2023.
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
The fintech reportedly allowed funds to be released from accounts which were flagged as suspicious by the National Crime Agency (NCA).
The reforms will take effect from 1 October 2024 and will incur a four year transition period.
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
A handy round-up of the recent funding endeavours of fintech companies in the UK.
Marco Tedone, the firm’s new CTO, spent almost 12 years leading API strategy for HSBC.
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.
The equity investment comes from IAG Silverstripe and the lender’s existing backers.
The San Francisco-headquartered exchange plans to leverage the approvals to power its European expansion.
Kamma’s tech will provide a “deep review” of the climate impact of Atom’s mortgage and lending activities.
XYB was launched by London-based banking services provider Monese back in May.
White is currently serving as CEO at Galileo Financial Technologies, a US-based payments and banking platform.
Raisin claims to have experienced a “steep growth curve” amid interest rate hikes and a “savings rush”.
Lagarde has vowed to “address all the conspiracy theory that abounds” about the potential digital euro.
Deutsche Börse first announced the acquisition in April as a means of developing its investment management business.
Drivers will be able to complete refuelling payments via an in-car fingerprint scanner.
Hogg describes Consumer Duty compliance as “a comprehensive, multifaceted obligation that demands a nuanced approach”.
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
Bringing more than 25 years of experience to his new role, Jaffer joins SmartStream from Finastra.
According to the Financial Times, Solaris is looking to raise €100m to fulfil its credit card deal with ADAC.
It is the fifth industry partnership for Amlyze this year and succeeds its $1 million pre-seed funding round in May.
With a career spanning more than 15 years, Bell brings a “rare wealth of experience” to her new role, Rimes says.
Following the completion of the sale, Bluestone intends to increase its focus on its fintech business Fignum.
MoneyMasters intends to leverage the partnership to expand its services within the Caribbean region.
Keller joins Onfido from Europe’s Visable Group, where he served as CTO for over six years.
The additional cash brings Curve’s total Series C funding to over £133 million.
The financing will be used to redeem existing debt, expand lending operations and accelerate Fleximize’s growth.
With Temenos Payments, the bank aims to facilitate ISO 20022 cross-border payments and reporting on the Swift network.
The new facility will help ThinCats support lending of up to £696 million to mid-sized businesses in the UK.
Additionally, the company has also launched a “fully localised” solution catering to the European market.
Vodeno has appointed Philip McHugh as chairman and Noah Sharp as CEO.
The bank can now offer financial institutions access to Europe’s TARGET Instant Payments Settlements (TIPS).