Home management data platform AskHomey acquired and set to shutter
The firm says users should download their data before the app closes in the summer.
UK
NZ wealth manager JBWere taps Duco for cash and asset reconciliations
JBWere NZ will use Duco to reconcile cash and securities held with sub-custodians, share registries and banks.
UK regtech Facctum appoints two senior executives
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Platform One snaps up £1bn worth of assets from SIPP operator Gaudi
The acquisition takes Platform One’s total assets under administration to £2.7bn.
Mastercard’s SVP of open banking Jim Wadsworth departs
Wadsworth joined Mastercard via its acquisition of Vocalink in 2017.
Cross-border paytech PingPong Payments nabs UK EMI licence
With the licence, PingPong Payments will be able to offer its services to customers across the UK and Europe.
Finaro taps MultiPay to boost payment acceptance in Nordics and UK
With the new solution, both firms aim to “simplify the disjointed payments landscape” in the Nordics and UK.
Schroders slashes valuations of UK neobanks Revolut and Atom Bank
Schroders has marked down its Revolut shareholding by 46%, and its stake in Atom Bank by 31%.
Barclays names Kirsty Everett as chief compliance officer
Everett will join Barclays on 1 July, subject to regulatory approval.
Stripe funding round helps boost global fintech funding 55% in Q1 2023
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
Paddle founder Christian Owens steps down as CEO
Owens, who led the firm for 11 years, has been replaced by COO Jimmy Fitzgerald.
FCA outlines new measures for banks to tackle money laundering via the Post Office
The NECC estimates “hundreds of millions” of pounds are laundered annually using cash deposits at the Post Office.
Join FinTech Futures’ 40th Anniversary Summer Party
A wonderful evening of networking, food, drink, and panoramic views of London – free to attend!
UK’s FCA selects NayaOne to build and operate Digital Sandbox platform
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
Gigs names Rafael Plantier as new head of financial services
At Gigs, Plantier will forge new customer partnerships in the financial sector.
ClearBank names former PayPal exec as new chief product officer
Spiros Theodossiou joins from cloud accounting platform Dext, where he also served as CPO.
Regtech Kaizen acquires compliance solutions firm Red Deer
Red Deer head of product Alistair Downes says the deal will leverage both firms’ “expertise and technology”.
LSEG taps Satvinder Singh to lead data and analytics division
Singh joins LSEG from Mastercard where he is the co-head for advisors in its data and services business.
Pennyworth CEO says banking authorisation is “in sight” as start-up plots growth
FinTech Futures sits down for a chat with Pennyworth’s co-founder and CEO Jeremy Takle.
Leek Building Society taps Jade ThirdEye to enhance AML and CTF controls
Leek Building Society will use Jade ThirdEye’s Customer Screening and Transaction Monitoring SaaS solution.
Fintech B2B Marketing Conference 2023: ChatGPT to join as live panellist
The conference, supported by FinTech Futures, will gather 150+ fintech marketers on 26 April in London.
IFGS 2023: UK has the opportunity to take the lead on tailored BNPL regulation
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
Former CIO of TSB Bank fined £81k by PRA over 2018 IT disruption
The PRA says Carlos Abarca breached its senior manager conduct rules.
Wealth app Chip appoints Gina Silvester as new COO
Silvester replaces outgoing COO Sharon Miles, who is joining OakNorth Bank as its new group COO.
IFGS 2023: More “radical change” for payments on the horizon, BoE deputy governor says
Payments used to be a “dusty corner” in financial services but are now evolving at speed, Sir Jon Cunliffe says.
IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
WealthKernel names Brian Schwieger as new board chair and non-exec director
Schwieger was previously global head of equities and ETF trading at the London Stock Exchange.
Credit card start-up Yonder bags £62.5m in equity and debt funding
The fresh funding gives Yonder a post-money valuation of more than £70 million.
Demystify Podcast with Norris Koppel and Atul Choudrie, Monese
In this podcast episode we talk about Monese and what makes it so special and successful.
Paynetics lands UK EMI licence from the FCA
Paynetics was previously operating in the UK under the FCA’s Temporary Permission Regime.
Virgin Money partners FNZ to launch new digital investment platform
The new offering will provide Virgin Money customers with three investment funds to choose from.
ClearBank sees income nearly triple to £58m in 2022
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
FCA orders closure of WealthTek, joint special administrators appointed
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
UK payments start-up Ryft secures FCA licence
The company raised £1.5 million in a seed funding round last year.
IG Group names Adam Wheelwright as new CTO
Wheelwright was previously the CIO of the UK Health Security Agency.
UK’s Payment Systems Regulator unveils annual plan and budget
The UK’s Payment Systems Regulator has published its key aims, activities and budget for the next year.
UTP Group set to acquire Wellet’s Spanish business
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
Lloyds Bank partners Enigio to boost trade finance digitisation
Enigio’s solution creates digital documents that can be used where an ‘original’ document is required.
Tandem Bank acquires money app Loop for undisclosed sum
Loop will continue to operate as a standalone brand and app following the acquisition.
How fintech start-ups are driving the ethical finance revolution
FinTech Futures chats with three ethical fintech firms operating in the UK.
