Banking Tech Awards 2020 Winner: Yolt – Best Mobile Initiative
Yolt’s new mobile app: nudge techniques, open banking and smarter personal finance.
Europe
Insurtech Zego lands $150m Series C to join unicorn club
“It is clear that the way people use vehicles is undoubtedly changing”.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Tesco Bank kicks off three-year ATM modernisation project
2,000 machines will be replaced by the end of 2023.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Santander picks Planixs tech to power liquidity management
Spanish multinational to deploy Planixs’ Realti system.
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
OBR doubts impact of UK’s new infrastructure bank
The UKIB is a third of the financing provided by the European Investment Bank (EIB).
UK’s CMA launches consultation into OBIE successor
The CMA asks firms to send in suggestions before 29 March.
Paysafe inks Azure cloud deal with Microsoft
The two firms extend an existing tech partnership.
Dozens hires new CTO from energy firm Kingo
Peter Kasprowicz is a “rare” direct hire from the Guatemalan firm
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
Starling raises £272m to land unicorn status with £1.1bn valuation
The capital will boost Starling’s lending, launch Starling in Europe, and underpin M&A.
EBA shuts down email systems after damaging cyberattack
EBA affected by global infection of Microsoft Exchange servers.
International cash transfer app Rewire lands $20m led by OurCrowd
Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.
Crealogix boosts executive team with three new hires
Thomas Roth, Michael Radic, and Sebastian Krahe all join.
ATON picks Profile Software’s Axia to digitise its front office
Axia is deploying on top of ATON’s in-house system.
Budget 2021: The fintech industry reacts
We asked key market participants what they thought of the UK Chancellor’s budget.
Greensill in crisis as regulators step in to freeze payments
BaFin ordered Greensill’s Bremen-based bank subsidiary to freeze all payments.
M&S Bank closing all bank accounts and 29 in-store branches
M&S has moved towards retail-focused solutions in recent times.
Landesbank Saar signs BearingPoint RegTech for SFTR compliance
Franco-German bank to deploy Abacus/Transactions platform.
ING-backed Countingup lands £9.1m Series A with help of new investor Sage
The fintech has acquired 14,000 customers in the last 12 months.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
Orange seeks buyer for loss-making banking unit
Orange’s banking ops in trouble despite an income of €79 million last year.
Budget 2021: What does it mean for UK fintech?
FinTech Futures scrolls through the UK chancellor’s new budget to pick out the fintech impact.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Piraeus Bank extends Antelop partnership for digital payments
The Greek bank has worked with Antelop since 2018.
London calling
City firms can still access EU market despite no financial services deal.
ECB wants final say on stablecoin issuance under new EU regulation
This new regulation won’t apply in the UK following Brexit.
UK Finance plans future revamp for Open Banking body
The OBIE is morphing into a new organisation to support innovation.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Croí Laighean Credit Union signs for Temenos SaaS platform
Temenos wins another Irish credit union for Community Banking platform.
UK chancellor to reveal £22bn infrastructure bank in 2021 Budget
The bank will offer loans to local authorities at lower rates to support new projects.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
Orenda plans BaaS shake-up with heavyweight banking execs at helm
Orenda says it’s as much as an “eighth” of the price of its competitors.
