Video: pick of the week – “smishing” tech scam arrests; Figure Technologies raises $200m
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Europe
Dear Luc: Does my fintech firm need ex-bankers to succeed?
This week our writer wonders if they should really be hiring ex-bankers for their executive committee.
Barclays hires Standard Chartered’s Demery to support fintech clients
Demery takes over fintech partnerships in Europe, the Middle East and Africa.
Trade Republic plots European expansion with $900m Series C fundraise
German trading app aims for a roll-out across the euro zone.
Arrests made over UK “smishing” texts scam
Arrests are part of an initiative by specialist police unit funded by the banking and cards industry.
HeyTrade and TrueLayer team for new retail investing app in Spain
HeyTrade and TrueLayer will deliver “a new investment experience using open banking payments”.
UK payments industry reacts to second SCA deadline extension
Many firms are still unhappy with “the disruption” SCA is presenting.
Core banking systems: the future is cloudy
A deep dive into what the new generation of core banking systems (CBS) has to offer.
Video: pick of the week – UK regulators not happy with some fintechs and AmEx
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
nCino wins first German client in Hamburg Commercial Bank
Accenture will provide project management, design, development and testing.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
UK regulator fines AmEx over sending four million unsolicited emails
Subscribers “had not provided adequate consent” for a portion of the 50 million messages Amex sent in 2019.
Irish fintech Fenergo acquired by two private equity firms in $600m deal
Fenergo’s revenue grew 17% in the last financial year.
Glenhawk plans lending boost with cloud-based Finastra system
New UK non-bank lender sets up automated platform in the back office.
FCA demands UK fintechs clarify non-bank status to customers
Companies have six weeks to write to their customers.
Deutsche Bank seeks payments revamp with Silverflow deal
Deutsche Bank says the deal will support the launch of two new payment services this year.
HSBC launches multi-currency business wallet to rival fintech providers
HSBC says businesses can “pay like a local”.
Tink acquires German open banking provider FinTecSystems
Founded in 2014, FTS has grown to 67 employees.
Why EU regulators are pushing for more explainable AI
The EU regulators are seeking to mitigate undesirable outcomes and risks arising from AI-generated decisions.
EML Payments halts trading over Central Bank of Ireland probe
Australian payments firm suspends shares over “significant regulatory concerns”.
Core banking vendor Temenos integrates with digital asset fintech Taurus
“Digital assets represent new opportunities for banks”.
Goldman Sachs plans UK app launch, robo-adviser for 2022
the UK makes up just under a third of Marcus’ $100 billion deposit total globally.
ETX acquirer Guru Capital snaps up fintech start-up Oval Money
Launched in 2017, Oval’s mobile app claims more than 100,000 “active” users.
Scottish Equity Partners invests in compliance firm FundApps
FundApps says it can “transform” investment management.
UK government should confirm that NFTs are “works of art”
The UK’s legal and regulatory framework has lagged behind in the rapidly moving NFT area.
FE fundinfo acquires cashflow planner CashCalc
“Cashflow planning is a key component of an adviser’s process”.
Pockit customer forced to send bailiffs in battle for locked funds and rent money
Pockit owes the customer a total of £352.
Omnio raises €30m to expand BaaS product across Europe
UK-based provider is also seeking to launch a future IPO.
Degussa Bank plans new credit card launch with Nets
It is the first partnership of its kind for the Nets in Germany.
N26 issued order by German regulator to improve AML measures
To oversee these changes, Bafin has appointed a “special commissioner”.
Facebook shifts crypto project Diem from Switzerland to the US
Diem says the partnership “is an important step in preparation for a Diem USD pilot”.
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
eBay edges away from PayPal to offer cash advances with UK fintech YouLend
Ebay purchased PayPal back in 2002, before spinning it off in 2015.
Avon Mutual plans 2021 banking licence to serve West of England communities
The start-up bank appointed a new CEO earlier this year.
OpenWrks, Tully, Payplan and PayLink merge under private equity firm
All four firms span the debt advice, credit risk and collections industries.
Swiss challenger CrescoFin gears up for digital banking with Veriff deal
CrescoFin aims to offer a “compelling alternative” to banks.
Nationwide moves payments processing to the cloud with Form3
UK building society says the platform’s deployment “is an exciting moment”.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Commerzbank finalises 10,000 job cuts after agreement with employees
German lender moves forward with widescale restructure plan.
