Payment Systems Regulator names Ruth Wandhöfer as new chair
Wandhöfer replaces Stephen Locke at the payments regulator.
Europe
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
UniCredit CEO to step down in 2021
Jean Pierre Mustier calls it quits after butting heads with board.
Alpha Bank appoints new COO in Stefanos Mytilineos
Greece’s second-largest bank shifts things around at the top.
Banking for good
As the new kids on the fintech block start to mature, I do hope they support the broader community.
Northern Ireland boasts highest proportion of fintech workers outside London, says report
Belfast and Londonderry is home to some 74 fintechs which employ around 7,000 people.
West Bromwich Building Society launches mobile app with Unisys
West Brom to deploy Elevate system underpinning new customer services.
Ziglu lands £6m in Seedrs crowdfunding campaign
Last month, Monzo’s former legal head James Sullivan joined Ziglu.
Sber partners with JP Morgan to pilot digital currency in 2021
Russia announced its new cryptocurrency law this year.
Nordigen unveils free open banking platform to industry’s dismay
Nordigen claims it is the first to launch a free open banking platform.
UK central bank unveils Islamic finance liquidity alternative
The central bank will run tests in early 2021.
Lloyds is world’s first bank live on Swift gpi instant
The payments network expects to roll out adoption across the globe.
Former Paypal execs raise £14m for start-up venture Primer
The co-founders met at PayPal-acquired Braintree.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Glitch-riddled TSB goes down again on payday
“[It’s] payday so it means that TSB online banking and app is down again.”
Lloyds pinches new CEO Charlie Nunn from HSBC
Nunn steps into new shoes at a chaotic time for any bank.
Savings: the new battleground between challenger and incumbent banks
Reputation is taking a backseat when it comes to choosing where savers keep their money.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
ABN Amro plans 2,800 cuts to investment banking and overseas divisions
Dutch lender rolls back operations to focus on home markets.
Solarisbank migrates entire infrastructure to AWS cloud
German BaaS provider claims to be first of its kind to make such a move.
ECB issues Big Tech warning as it promises digital euro
European suppliers are essential in the building of technology on which a digital euro will operate.
How can banks regain consumer trust?
Twelve years later and we’re now in the midst of another global crisis.
JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank
Pair of major banks interested in Starling Bank’s potential following profit announcement.
Report: Digital KYB – a springboard to customer onboarding success
FinTech Futures’ latest in depth industry report on KYB, in partnership with DueDil.
G2A co-founder launches banking challenger Zen in 32 countries
Zen’s offering is split into consumer-facing and business-facing.
Central Bank of Iceland deploys new RTGS with SIA
The new system can support 5 million payments per day.
London payments firm SumUp buys digital PoS fintech Goodtill
SumUp and Goodtill have worked together “for many years as partners”.
Spanish mega-merger off the cards as BBVA and Sabadell call it quits
The two banks couldn’t agree price over a major combination.
Finleap invests in German app aggregating student finance products
German tuition is largely free, making aid for living costs scarce.
How to improve CX without sacrificing security
Finserv is an area where many are turning to customer identity and access management (CIAM).
Danske Bank reveals 500 job cuts and redundancies
Danish bank says the roles are reduced as part of an ongoing cost reduction plan.
Lanistar comes under UK advertising watchdog’s microscope
The regulator says it “received complaints about ads for Lanistar”.
Forter raises $125m in Series E funding to secure $1.3bn valuation
Fraud prevention firm plans to build on its data network.
Sopra Steria ransomware attack costs group €50m
Sopra reveals details of Ryuk attack from October.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
Cynergy Bank taps Google and Wipro to launch new digital banking project
Cynergy says customer want a hybrid of digital and face-to-face.
How the pandemic reshaped an international project launch
Lessons in adaptability – how to manage a project in an innovation lab amid COVID-19.
Virgin Money profits dive 77% as it braces for bad loans
Before impairment charges, Virgin Money’s underlying profit stood at £625m.
Danske Bank deploys Windward AI to track risk at sea
Windward claims its AI uses 10 billion data points.
Danish digital bank Lunar picks FIS for treasury and risk
Lunar to deploy a cloud-based version of Ambut Quantum.
