London BNPL fintech Zilch latest to enter UK market with $30m
Zilch claims to be the only BNPL player to combine open banking with soft credit checks.
Europe
Top 10 Women in Fintech Power List 2020
We bring you a shortlist of ten women in – or investing in – fintech.
Swiss challenger Alpian picks cloud hosted Temenos tech
Alpian plans to deploy Temenos Transact and Temenos Payments in a SaaS model.
Italy’s Banca Generali acquires $14m stake in crypto fintech Conio
The deal will see Conio’s services offered to Banca Generali’s customers in 2021.
AnaCap announces acquisition of Novia Financial
The deal is AnaCap’s third foray into the UK investment space since 2019.
Société Générale acquires French digital sales platform Reezocar
The bank wants to expand the car sales start-up’s insurance and financing.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
Former ING CEO Ralph Hamers faces probe over historic AML failures
Hamers moved to Zurich in September to become CEO of UBS.
MoneyGate signs core banking deal with Finartix
Cypriot EMI picks out a new core system while its application processes.
Česká Sporitelna signs infrastructure deal with Leveris
Czech bank aims to revamp software and databases.
UK CBDC researcher: We should be further along than we are
A UK CBDC won’t happen anytime soon if the Bank of England takes an iterative approach.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Sberbank Switzerland outsources core to Avaloq
The implementation and migration took ten months.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
How digital labour helps financial firms cope with market volatility
Digital labour can offer a range of operational benefits.
GoHenry latest in kid’s banking sector to land funding of $40m
Over 2019, parents on its app paid £98m in pocket money to their children.
Standard Chartered to launch crypto custodian in UK next year
The bank will, through Zodia, provide custody services for Bitcoin, and Ethereum.
Fear of enforcement uptick just compliance theatre, says AML panel
“Compliance doesn’t solve financial crime,” says Fenergo’s Rachel Woolley.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
Revolut hot on Starling’s heels, breaks even in November
“We’re doing much better compared to pre-Covid times,” says CEO.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
BNP Paribas and 3 Step IT push on with “aggressive” tech recycle plan
BNP Paribas Leasing Solutions specialises in financing solutions for professional equipment.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
Deutsche Bank expands Google cloud partnership
Major German lender expands cloud usage to lending and retail banking.
Regulation 2.0: the AI tech revolution is here and now
How do we reimagine the regulatory framework?
Mortgage automation: solving today’s business challenges with a proven tool
AVM is becoming commonplace within the mortgage process, benefitting lenders and consumers alike.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Change at the top for London Stock Exchange Group
London Stock Exchange Group and London Stock Exchange make executive changes.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
Auriga to manage Belgium’s new ATM network Batopin
Batopin was formed by four major Belgian banks.
Designing systems for real-time risk management
Common data challenges and how to overcome them.
Half of UK’s small businesses now use open banking, says OBIE
Open banking is speeding up account switches too.
Greek challenger Woli to launch “neobank for families” next year
The fintech is looking to Europe for its launch.
Pockit raises over £500k in its debut crowdfunding
Pockit points to international expansion plans.
UK fintech Updraft raises £16m to refinance borrowers’ credit debt
The fintech focuses on spend-linked borrowings.
How the cloud is the path to open banking
Now is the right time to see how to take better advantage of the open banking framework.
Payment Systems Regulator names Ruth Wandhöfer as new chair
Wandhöfer replaces Stephen Locke at the payments regulator.
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
