Together in core banking tech revamp with Thought Machine
The Vault core banking system will be the “foundation layer” for Together’s new technology stack.
UK
CEO of UK challenger bank Recognise leaves
Bryce Glover has been appointed interim CEO while the search for a new CEO is underway.
Green paytech ReforestPay to launch in UK and EU
The firm says it will plant a tree for every transaction it processes.
UK consumer finance platform Lendable receives £210m funding to reach £3.5bn valuation
The new cash injection takes the company’s valuation up to around £3.5 billion.
Investment platform Hargreaves Lansdown heads to the cloud with Bottomline paytech
Bottomline PTX forms part of “digital backbone” of Hargreaves Lansdown, says CTO.
Fintech app Curve launches in US, loses COO
Curve launched in 2018 and has already spread to 31 markets across the globe.
Growth financing platform Capchase raises $80m Series B funding
Capchase CEO says funding businesses “is not a one-size-fits-all approach anymore”.
UK fintech funding round-up: mmob, Satago, SteadyPay, & Thirdfort
A handy round-up of the recent funding endeavours of UK-based fintechs.
Tesco Bank partners Onfido to streamline Clubcard Pay+ onboarding
Onfido uses AI-powered biometric technology to verify customer identification during onboarding.
FX platform Currencies Direct receives £140m investment
The deal is expected to close by the end of Q1 2022.
TotallyMoney poaches head of data from Tandem Bank
TotallyMoney, a UK-based credit app, has appointed Henry Pearce as head of data.
Enterprise tech provider NCR buys open banking IP from UK fintech Spoke
NCR says the deal will accelerate its push into open and international digital banking.
Funding pours into rapidly growing climate fintech scene across Europe and US
Climate fintech start-ups raised $1.2 billion in 2021, according to figures from CommerzVentures.
PPRO acquires Alpha Fintech to become “global payments powerhouse”
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
Boku offloads ID verification division to focus on mobile payments
Boku CEO says the sale will allow the firm “to focus on developing our mobile payments solutions”.
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
TSB strengthens relationship with cloud intel firm Dynatrace in digitisation push
Dynatrace provides software intelligence to simplify cloud complexity and accelerate digital transformation.
Banking infrastructure provider LHV UK taps Tuum for core banking tech
Tuum is a banking customer of LHV UK, and now LHV UK has become Tuum’s tech user.
Social and investing app Shares closes $40m Series A funding round
UK-based Shares has launched its app to its 60,000 waitlist and the wider market.
Lloyds partners fintech Bink to create unified customer loyalty programme solution
Lloyds has also made an equity investment for a minority stake in Bink.
Sustainability paytech Helpful’s digital wallet cuts transaction CO2 by 80%
Helpful says the average amount of CO2 every checkout payment produces is 3.78g.
Payment platform Cheddar acquires Upside in open banking move
Upside’s open banking product will be added to Cheddar’s free payment offering.
TSB partners ID verification firm Onfido to streamline onboarding process
TSB says customers can now open accounts and access mobile banking in 10 minutes.
GB Bank taps TruNarrative for fraud detection and customer onboarding
GB Bank says the partnership will reduce friction in customer journeys and enhance its risk mitigation.
Fronted appoints new CTO as co-founder Simon Vans-Colina joins Singapore’s BigPay
Fronted’s lead software engineer Jonathan Kim has been promoted to the role of CTO.
‘Earnings on demand’ fintech PayUp set to launch in UK
The app allows users to access their salary as they earn.
UK fintech start-up Weavr secures $40m Series A round; targets US launch
CEO Alex Mifsud says Weavr shortens the time it takes to launch embedded finance solutions.
What the FinTech? | S.3 Episode 1 | Talking open banking
To kick off season three, we’re joined by John Natalizia, co-founder and CEO of Snoop.
Crypto firm Bitpanda acquires Trustology to launch custody service
Trustology will be rebranded as Bitpanda Custody, providing an institutional-grade crypto custody platform.
Digital ID verification start-up OCR Labs expands to North America with $30m funding
OCR Labs has raised $46 million through its combined Series A and B.
Virgin Money revamps customer onboarding with HooYu
Virgin Money implements a new account opening journey for its customers.
UK’s Money and Pensions Service seeks new tech leadership for digital transformation
MaPS is searching for a chief operating officer (COO) and chief digital and information officer.
SME banking provider Tide loses UK CEO
Laurence Krieger has stepped down after five years with the UK-based fintech.
Seven ways “saving” has changed during the pandemic
Seven changes we’ve seen during the pandemic that will drive long-term changes for savings providers.
PrimaryBid lands $190m in SoftBank-led Series C investment round
The money will be used to expand across continental Europe and the US.
Amazon and Visa bury the hatchet over UK credit card fees
Visa says the agreement includes “a joint commitment to collaboration on new product and technology initiatives”.
OpenPayd hires former Worldpay VP Daniel Belda to head up product strategy
Belda spent the best part of five years in senior positions at Worldpay before moving to OpenPayd.
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
TSB and BankiFi team up to launch Revenu app for small businesses
Revenu enables small businesses to receive quicker payments and to better manage their finances.
NatWest and RBS to shutter 32 branches in England and Wales
The UK banking giant says it has taken steps to mitigate the impact of the closures.
