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
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.
PayComplete appoints former co-president Simon James as new CEO
The firm says James will be responsible for the “ongoing centralisation process of the PayComplete brand”.
Quai Digital selects WealthOS as new strategic technology partner
Quai Digital CEO Tony Webb says the collaboration will enable the company to “grow our operational capability”.
Nick Harding steps down as CEO of UK lender Fluro
Writing on LinkedIn, Harding says he will announce his “next professional adventure shortly”.
UK regtech Napier AI secures £45m funding from Crestline Investors
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
FinTech Wales completes new CEO search with appointment of Sarah Kocianski
Kocianski succeeds Sarah Williams-Gardener, who has transitioned to the role of chair.
Ozone API appoints former Virgin Money CEO Dame Jayne-Anne Gadhia as new board chair
Gadhia was CEO of Virgin Money from 2007 to 2018, where she led the acquisition of Northern Rock.
Nottingham Building Society taps MQube for AI-powered mortgage origination platform
MQube claims its Origo solution can assess around 20,000 data points in real time.
Former head of Visa Direct Ruben Salazar Genovez appointed new TerraPay president
Salazar Genovez joins TerraPay directly from a 10-year tenure at Visa Direct.
Checkout.com’s UK business posts $126.3m loss for 2022
The latest results mark an increase of over 400% on the $24.5 million loss it posted for 2021.
FullCircl expands leadership team with three new exec appointments
Andrew Yates, CEO of FullCircl, says the appointments are “the next building block in FullCircl’s journey”.
Octopus to increase ownership stake in Seccl, co-founders David Harvey and Hugo Thorman set to depart
Octopus originally acquired the company back in 2019 in a £10 million deal.
UK lender Bevan Money announces new CEO to guide final regulatory authorisation stages
Bevan applied for a banking licence last May, with plans to provide mortgages for public sector workers.
Family finance app Nosso becomes latest UK fintech to wind down operations
The start-up’s app helped parents invest and plan for their children’s financial futures.
Virgin Money buys out Abrdn stake in investments joint venture
The pair expect to close the all-cash transaction in April.
Swedish VC firm Kinnevik writes off Monese investment in full
The investor has owned 21% of Monese since leading its $60 million Series B round back in 2018.
Wealthify taps embedded banking platform ClearBank to power its new savings account
Wealthify’s new instant savings account will offer an interest rate of 4.91% AER / 4.80% gross.
Duncan Cockburn steps down as OneBanx CEO to join insurtech unicorn Zego
Cockburn says he has decided to “step back from the role and embark on a new challenge”.
Wealth management firm JM Finn hires new chief operating officer
JM Finn has also appointed Andrew Dunkin as its new head of projects.
HSBC is on an AI hiring spree with call for three new executives
The job openings are within HSBC’s digital business services unit and ventures, innovation and partnerships team.
Bankable CEO Eric Mouilleron to step down after 13-year tenure
Mouilleron will remain a board member and shareholder at Bankable.
TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer
The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
Alba Bank CEO Rod Ashley steps down after six years at the helm
Alba has named former Bank North co-founder and CEO Jonathan Thompson as its new acting CEO.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Barclays acquires Tesco Bank for £600m
Barclays says it will “welcome approximately 2,800 Tesco colleagues” as part of the deal.
India’s PayU selects Thought Machine’s Vault Core to power LazyPay credit service
Thought Machine says PayU was able to migrate LazyPay to Vault Core in just 12 months.
Atlantic Money lands regulatory approval to expand money transfer services to North America and Australia
The fintech has been licenced to operate in Europe since 2022.
Chase plans to open more than 500 new branches and hire 3,500 staff by 2027
The bank also plans to renovate more than 1,700 existing locations across the US.
Revolut’s head of financial crime and fraud Aaron Elliott-Gross leaves to join Wise as product compliance lead
Elliott-Gross has been appointed as Wise’s global director of product compliance this month.
