PPRO looks to boost growth with new €85m capital raise
PPRO says it will use the funding to “pursue growth in key markets” and expand its payment solutions.
UK
Nationwide Building Society selects Auriga to modernise ATM software infrastructure
Nationwide currently operates a 1,200-strong ATM network across the UK.
UK fintech Unlimit secures new PSP licence to expand into Tanzania
Tanzania marks the third African country to licence the fintech, following Nigeria and Kenya.
How the fintech sector can navigate the winds of change in the UK
There’s an opportunity for forward-thinking companies to help shape the future of UK fintech.
Starling Bank names Ovo chief Raman Bhatia as new group CEO
Raman Bhatia will assume the position “in early summer”, subject to regulatory approval.
Jefferson Bank in Texas taps Finastra for Payments To Go solution
Finastra’s tech will enable the bank to deliver instant payment services including FedNow and RTP.
UK cash deposit platform Flagstone lands £108m investment from Estancia Capital Partners
As part of its investment, Estancia Capital Partners will take a minority stake in the company.
Griffin receives full UK banking licence and $24m investment to spur growth
The licence approval from the FCA and PRA ends the platform’s year-long mobilisation period.
NorthWall Capital partners Broadridge for Sentry portfolio management solution
The UK-based firm will leverage Sentry to streamline and scale its credit investment operations.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Nick Parsons named new Calastone chief technology officer
Calastone has also hired Adam Belding as chief architect of its Digital Investments programme.
Finastra appoints Mike Stawchansky as new senior VP and CTIO
Stawchansky will be responsible for guiding the firm’s customer technology and GenAI development plans.
Nationwide Building Society set for £2.9bn takeover of Virgin Money
The deal has yet to be finalised and Nationwide has until 4 April to put a final offer forward.
UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut
Sources tell Bloomberg the payment platform could list in London next year with a valuation of up to £2 billion.
UK challenger OneBanx appoints Javed Anjum as new CEO
Anjum’s joins directly from the Glory Group, where he served as innovation programme director.
Monzo’s valuation tops $5bn with $430m Alphabet-led funding round
The round was led by Alphabet’s independent growth fund, CapitalG.
GFT Technologies names Ian Oswald as new executive director
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
PayPal extends payment options for online SMEs with new solution
PayPal Complete Payments launches this week to online sellers in 22 markets worldwide.
UK payments platform Thredd appoints Edwin Poot as new global CTO
Poot joins directly from Dayrize, where he has been serving as chief product and technology officer.
Barclays welcomes back Steve Weston as head of everyday money management
Weston left the UK bank in December 2015 to found the now-defunct Aussie challenger Volt Bank.
Innovate Finance launches new council to further growth of UK fintech sector
The council will be co-chaired by Philip Belamant, Janine Hirt and Charles McManus.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Lloyds Bank backs new £62m community development fund
The Community Investment Enterprise Fund aims to support around 800 small businesses in the UK.
Banking veteran Marc Page hired by Metro Bank as CFO
Page will take the reins from interim CFO Cristina Alba Ochoa.
Former UK chancellor Lord Hammond appointed new Railsr chairman
Lord Hammond replaces Rick Haythornthwaite, who is standing down to become chairman of NatWest Group.
OTP Bank partners Iliad Solutions for payments testing platform
The Budapest-based bank is to leverage its new partner’s payments testing and certification platform, t3.
Pension and investment mutual Royal London appoints Peter Josse as new group COO
Josse has most recently served as Barclays’ chief information officer, and the group’s digital CIO.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ClearBank promotes risk and compliance chief Emma Hagan to UK CEO
Hagan has been tasked with leading the platform’s UK operations and market expansion efforts.
UK wealthtech start-up Sidekick debuts new wealth management app
The recent launch became feasible after the start-up secured £3.3 million in pre-seed funding in 2022.
Real-time payments platform Volt lands UK EMI licence from FCA
With the new licence, Volt plans to enhance its cash management offering Connect to include virtual accounts.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
FinovateEurope 2024: Digital transformation, shifting customer expectations and Africa’s fintech growth
Influential figures from across the financial industry assembled in London for the final day of FinovateEurope.
Enfuce appoints new chairman, secures UK EMI licence from the FCA
Former Tink UK CEO Laurence Krieger has been named as chairman of Enfuce’s UK board of directors.
Blackstone buys $1.1bn of US credit card debt from Barclays
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
FinovateEurope 2024: Tech demos, AI and tokenisation dominate day one
Industry innovators and thought leaders gathered in London on Tuesday for the opening day of FinovateEurope.
UK challenger GB Bank appoints Mark Sismey-Durrant as new chair
Sismey-Durrant replaces Mike Kirsopp, who has left the company to return to an executive career.
Crédit Agricole CIB taps Demica to launch new receivables and supply chain platform for APAC
Crédit Agricole CIB hopes the platform will appease “the increasing demand for supply chain finance” in APAC.
Diamond Trust Bank Uganda partners TerraPay to enhance cross-border transfer processes
TerraPay says the union will enable the bank to “facilitate direct account deposits from any part of the world”.
CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over
Bhairav Trivedi is stepping down as CEO of CAB Payments after three years in the role.
