NewDay taps Checkout.com to streamline debit card payments
The partnership, which is already live, gives NewDay access to Checkout.com’s full suite of payment products.
UK
FCA clamps down on unregistered crypto ATM operators in Leeds
The FCA will review evidence gathered during the visits and consider further potential enforcement action.
New “cross-border neobank” in India: moneyHOP
FinTech Futures sits down for a chat with Mayank Goyal, founder and CEO of moneyHOP.
New app Tapeeno turns Android phones into card readers
Tapeeno “significantly” reduces the funding delay most businesses experience, the firms claim.
NatWest Group snaps up UK fintech Cushon for £144m
The acquisition will enable NatWest to offer its commercial customers a suite of financial wellbeing products.
Ex-Plaid exec Keith Grose joins Sequence as COO
Prior to joining Sequence, Grose served as head of UK for Plaid for four years.
Banking Tech Awards 2022 Winner: Updraft – Best Digital Initiative for Lending
Reinventing financial planning and disrupting unsecured lending markets.
Ziglu founder and CEO Mark Hipperson resigns
Hipperson will remain on Ziglu’s board as a part-time non-executive director.
UK building society Nationwide to cut around 450 jobs
Nationwide confirmed it is cutting around 450 jobs as it looks to “streamline” its non-customer-facing teams.
Digital asset exchange Gate.io taps Coinfirm for AML/CFT platform
Gate.io says the Coinfirm partnership will give the firm “a solid foundation” and shore up its compliance.
Digital asset security firm Coincover bags $30m in funding
The funding will be used to boost recruitment, forge new partnerships and develop new products.
Europe fintech funding round-up: Kennek, Mazepay, Uniify and Snab
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK’s FCA names first members of its new innovation advisory group
The Innovation Advisory Group (IAG) will meet for the first time in February, the FCA says.
Carbonplace lands $45m seed funding, names new CEO
With the new funding, Carbonplace plans to scale its platform, expand its team and forge partnerships.
SME lender Merchant Money scores £115m in funding
The funding will grow Merchant Money’s lending books across its secured and unsecured product offerings.
Bank of England and HM Treasury outline case for digital pound
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
The Bank of London bags $40m in Series C extension
The round was co-led by Mangrove Capital Partners and 14W Venture Capital.
Target Group names Katherine Bowen as new CFO
Bowen joined Target Group nearly five years ago as a finance business partner.
Lloyds Banking Group appoints Martyn Atkinson as CIO, consumer relationships & mass affluent
Atkinson moves from merchant bank Close Brothers, where he was COO for four years.
Virtual card paytech Conferma Pay names Jason Lalor as CEO
Lalor most recently served as CEO of Square’s European business.
Digital financial crime platform Themis names Matthew Hurn as chairman
Hurn has been a Themis investor and board member since June 2020.
Fraud prevention platform Seon acquires AML firm Complytron
Thanks to the acquisiton, Seon will be able to offer “a vital single source” to fight fraud holistically.
UK’s Shawbrook Bank taps Cashflows to streamline payments
Cashflows will enable Shawbrook to process its e-commerce business finance collections through a virtual terminal.
Detected names Mike Ainslie chief financial officer
Ainslie brings a “wealth of experience” within the financial and operations industry, Detected says.
Banking Tech Awards 2022 Winner: Finova – the mortgage market is in a tangle & we need new tools to fix it
Combine algorithmic price optimisation with powerful ML techniques, and you’ll have a robust tool for performance analytics.
ICYMI fintech funding round-up: Stubben Edge, Elementaryb and Bud
A handy round-up of the recent funding endeavours of fintech companies across the globe.
More banking hubs and pods earmarked for UK as branch closures continue
A further nine banking hubs and six deposit services have been recommended by Link.
Financial planning platform Lyfeguard launches in the UK
The start-up aims to tackle the problem of poor personal information storage and management.
UK challenger Zopa lands £75m funding to fuel growth
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
UK government to strengthen rules around crypto
The government will strengthen rules for crypto trading platforms and crypto lending in line with traditional finance.
UK’s Tech Nation to close, sell assets after losing government grant funding
Tech Nation says it is “actively seeking” interested parties to acquire a portfolio of its assets.
UK-based digital asset wallet Mode to shut down
Mode says it is winding down its services “due to unsuccessful funding and difficult market conditions”.
Liberis lands €30m in debt financing from Silicon Valley Bank UK
The funding will support Liberis’ targeted expansion across the Nordics and Europe.
Leeds Building Society embarks on major tech & ops transformation
The UK’s fifth largest building society looks to replace core tech and hire more tech staff.
UK fintech Raylo bags £110m debt financing facility
Raylo provides consumers with “affordable” access to tech products on a monthly subscription basis.
New savings app for homeowners in the UK: Sprive
Sprive’s AI mortgage assistant, available through a mobile app, helps customers pay off their mortgage faster.
Data management platform Finbourne lands £30m debt facility with Kreos
The debt facility constitutes an extension to Finbourne’s Series A funding held in April 2021.
UK mortgage lender LiveMore bags £250m credit facility from Citi
The new funding facility will enable LiveMore to increase loan originations and grow its portfolio.
Dubai Investments buys 9% stake in UK challenger Monument Bank
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
Ecospend’s “pay-by-bank” open banking tech drives HMRC app payments
This is first time an open banking payment method was embedded in a government department’s system.
