UK crime agency criticised for inaction over alleged bank forgery
“You can’t ‘assess’ for 15 months.”
Europe
Ex-Starling CTO’s start-up Ziglu launches crypto P2P payments
Ziglu insures digital assets against cyberattacks.
Starling Bank announces account and CHAPS payment charges
The UK challenger announces new structure days after rival Monzo.
Back & middle-office disruptor LemonTree launches first product
The start-up is challenging clients to get up and running in 90 days.
EPA lands new CEO in ex-Informa exec
Agnew will combine both his business strategy and event management experience.
Form3, Countingup and PPS create new SME offering
The SME market contributes around £2 trillion a year to the UK economy.
Ohpen acquires cross-border mortgage vendor Davinci
Dutch technology firm plans international expansion with new suite of products.
MarketFinance raises £50m to support CBILS “last minute dash”
Business lender plans to help applicants squeeze in before September deadline.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
First Direct nabs new CEO from HSBC
Pitt comes with nearly 11 years banking experience.
Spanish lenders CaixaBank and Bankia mull €17bn merger
CaixaBank is about three times the size of Bankia.
Visa loses risk head Peter Bayley after 17 years
At Visa, Bayley held a number of roles which steered the firm’s fraud and risk management.
Tandem Bank sunsets credit cards, plans core restructure
Tandem’s Cashback Credit Card will shut down in February 2021.
Vanquis Bank partners with NatWest’s Payit
Payit was built by London-based, RBS-backed fintech, Pollinate.
Crealogix signs customer portal deal with German development banks
Due to go live in 2021 with support through to 2031.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
OakNorth appoints Raj Cherabuddi as VP of engineering
Former Teradata man to lead development of OakNorth’s credit platform.
Monzo introduces ATM withdrawal fees
Users may have to pay a fee when withdrawing upwards of £250 from an ATM.
Trade Republic launches share savings plan to rival incumbents
It claims to be the first to bring consumers the service for free.
Swedish Export Credit Corporation picks FIS for loan origination
SEK picks Commercial Loan Origination and FIS Ambit.
UK government seeks open banking revamp for HMRC
New contract worth £3m tailored to automating payments processes.
Impact of COVID-19 on M&A activity in the fintech space
The market is pricing a more positive outlook for banks globally.
UK government proposes digital ID cards, yet to unveil private partners
The potential of a government digital ID in the UK could impact the fintech industry.
Wells Fargo extends 25-year processing partnership with TSYS
US bank resigns for TSYS payments technology.
Wirecard sells communication services arm to German start-up IDnow
IDnow will keep the majority of the arm’s 150 employees.
Credit marketplace Auxmoney picks up €150m in new funding round
Existing investor Centerbridge now owns the majority of Auxmoney’s equity.
Singapore’s cross-border transfer fintech Nium lands EMI in UK
Nium evolved from a consumer remittance service to a B2B offering.
Cornerstone Brands plans acquisition of FXPress Payment Services
Men’s toiletries brand makes a move into payments.
ABN AMRO’s business finance fintech New10 loses CTO
“[We’ve] firmly cemented the digital lending category in the Netherlands,” says Boersma.
Modulr is first non-bank to launch Confirmation of Payee
The second product launch by the fintech since its £10m grant.
Revolut customers got paid late last week after technical glitch
Several users said they couldn’t get through to an agent.
RTP is changing payments fast
RTP is bound to cause swift changes for the customer-facing side and behind the scenes.
NerdWallet steps outside US, acquires UK’s Know Your Money
Know Your Money had some five million consumers and 1.2 million business clients in 2019.
Swiss challenger Neon lands $5.5m, bags new investor in Helvetia
“The cooperation with Neon gives Helvetia the opportunity to access new customers.”
Spanish sustainability fintech Mitto to launch in UK next year
“Every payment counts and determines the world we live in.”
Klarna’s losses widen following first year of negative profit
Profits have been slowly declining for the company.
ABN Amro partners with Techstars to create start-up accelerator
The collaboration will connect ABN Amro with Techstars’ global network.
The great asset servicing cloud migration and its implications
Cloud migration requires a considerable initial spend and some are simply not yet ready to commit.
Making Tax Digital policy changes explained
UK gov’s initiative, Making Tax Digital (MTD), aims to make tax administration simpler.
Fronted lands seed investment from Monzo-backer Passion Capital
Fronted wants to help renters finance their rental deposits.
