FCA proposes updated guidance to protect access to banking services
Banks and building societies will have to assess the impact of any reduction in the services they provide.
Banks and building societies will have to assess the impact of any reduction in the services they provide.
Dewar was CEO at GPS for over four years, while Schultz joins over from Fiserv.
Synch provides an account-to-account (A2A) mobile payment solution for consumers and businesses in Ireland.
The new regulation will help protect investors while allowing for continued innovation within the sector.
The deal is expected to close later in the summer.
Tam Holmes joins from 10x Banking where he spent five years.
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
Flowdesk plans on using the new funds to grow and scale its platform.
The integration will allow Telegram users to purchase services and goods directly through the messenger.
The firm received approval to operate as a payment institution from the National Bank of Belgium (NBB).
Birmingham-based firm plans on achieving full regulatory approval before starting operations.
Kroo can now offer depositors protection for up to £85,000 through the FSCS.
Along with resuming services, Wirex also announced that it is launching multiple offerings.
The new offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics.
Tiger’s core business is managing clients’ financial wealth across a range of products.
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Hokodo says it will use the funding to expand into new European markets and develop new products.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
The round was led by Adit Venture Capital and Fasanara Capital.
Both reviews focus on Mastercard and Visa; the pair make up 99% of debit and credit card payments in the UK.
Recognise says Thapa “has the vision and ability to lead the Bank’s technology strategy”.
GoCardless says: “Open banking is growing rapidly, with 64 million active users projected in Europe by 2024.”
It has also entered a strategic partnership with ARA Venn, a real-estate debt investment manager.
Fintech analyst Philip Benton recaps key themes and trends at Money 20/20 Europe.
Cleo will use the funds to shore up and expand its services as a global economic winter begins to bite.
The €180m deal forms part of a broader multi-year partnership in the merchant acquiring space.
He will replace José Antonio Álvarez as group CEO next year, following a transition period.
Lenders offering BNPL services will need to be approved by the Financial Conduct Authority (FCA).
The announcement was made as part of its crowdfunding campaign with Seedrs.
The Bank of London says it is making a “multi-million pound” investment in Belfast.
Elisabet Pinilla will join as the new CTO, and Stephen White as the new COO.
Raswant has held roles at Standard Chartered Bank and consultancy McKinsey.
The license will enable Mazepay to handle transactions on behalf of companies.
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.