UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
UK
Rob Regan joins Hodge as new COO
Regan moves from digital savings, pensions and investment firm Ascentric, where he was CEO.
Barclays and Oracle FS team up for virtual account management project
The large-scale VAM project aims to deliver “more capability to corporates”.
UK challenger 3S Money partners ClearBank to offer multi-currency accounts
ClearBank and 3S Money say the partnership will support SMEs as they scale across borders.
Round and round: how circular economy fintechs are aiming to save the planet
Twig CEO Geri Cupi thinks the circular economy is now at a tipping point in terms of mainstream acceptance.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
The evolution of institutions: how to make banks competitive in a digital landscape
As technology has given us greater flexibility in other areas of our lives, we want those benefits from our banks too.
UK alternative lender ThinCats secures additional £100m funding to support SMEs
ThinCats now has “£650m currently available to deploy in support of businesses across the UK”.
UK fintechs conduct blockchain settlement test with NatWest and Santander
Fnality, Nivaura and Adhara teamed up with NatWest and Santander for the proof-of-concept pilot.
Danske Bank taps SunTec for fee and billing management upgrade
“SunTec is providing a platform that supports our product roadmap,” says Danske Bank.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Suffolk Building Society signs for TruNarrative’s regtech
TruNarrative’s technology will digitise mortgage customer onboarding and help prevent financial crime.
Online brokerage ThinkMarkets secures $30m investment to support growth
The trading platform has headquarters in London and Melbourne.
GoCardless joins unicorn club with $312m Series G funding
The direct bank payment solution provider is now valued at $2.1 billion.
New sustainable investing app Etcho set to launch in UK
Etcho wants to “empower everyone and anyone” to be able to invest their money sustainably.
UK fintech Selina Finance raises $150m in Series B funding round
The funding is made up of $35m in equity and $115m in debt to fund further expansion.
Open Banking Implementation Entity appoints first CEO
Henk Van Hulle joins from the Post Office “to provide strategic, financial, and operational leadership”.
Nationwide partners ID fintech Jumio for customer onboarding upgrade
Jumio leverages AI, biometrics, machine learning, liveness detection and automation to verify identity.
Moneyfarm turns to investment giant M&G for £44.1m Series D funding round
Also, M&G use Moneyfarm’s technology to create its own branded proposition.
Crypto paytech BCB Group acquires software firm LAB577, gains new CTO and COO
LAB577 founder Richard Crook and Farzad Pezeshkpour join BCB Group as COO and CTO, respectively.
UK mortgage lender Generation Home lands £1bn debt financing to expand first-time buyer offering
Start-up says the new funding will help “over 4,000 more families” buy their first home.
Monzo warned by CMA over retail banking order breach
The agency says Monzo has taken adequate steps to end the breach and prevent a recurrence.
Crypto paytech BCB Group lands UK blockchain industry’s largest Series A with $60m raise
BCB claims to have processed nearly $100bn worth of payments in just over five years of business.
Fintech start-ups Altpay and Finz Money launch in UK
Both companies are now open for new customers to register.
UK credit card Keebo launches for “credit invisibles” in “passion economy”
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Technology holds the key to solving the Covid loan repayment crisis
The adoption of new tech by governments can help SMEs access the cash needed to repay their Covid loans.
Banking Tech Awards 2021 Winner: Snoop – Best Open Banking Solution
What’s next for the award-winning app that helps people “live smarter”.
Alternative lender 365 Business Finance secures £55m funding
365 Business Finance aims to quadruple its lending to UK SMEs over the next two years.
ING spin-out fintech Katana Labs shuts down
“I regret to announce that Katana Labs will cease to operate as of January 31, 2022,” founder says.
German fintech start-up Moss secures $86m Series B funding at $573m valuation
The latest cash injection takes the company’s valuation to over €500 million ($573 million).
UK’s Payment Systems Regulator fines Mastercard £31.5m for competition law violations
Five prepaid card companies admitted to cartel behaviour while supplying local authorities.
UK fintech start-ups WealthKernel, Fintech Farm and Bink attract funding
The trio of UK-based fintechs have attracted investment from a range of firms.
Change at the top for Credit Suisse as Horta-Osório resigns as chairman
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
Socially responsible savings app Cushon raises £35m, makes third acquisition
Cushon becomes the fifth largest master trust pension provider in the UK.
Financial services customer engagement platform Personetics raises $85m in growth funding
Personetics’ technology analyses real-time financial data at customer touchpoints, learning their financial behaviours.
Allica Bank selects core banking tech from start-up SaaScada
SaaScada’s tech will support Allica Bank’s new product range for SMEs.
Amanda Mesler appointed chair of Swedish fintech Minna Technologies
The European fintech plans to “hyper-scale” and move into the US and Australia this year.
US fintech nCino tapped by Cambridge & Counties Bank for lending infrastructure upgrade
UK bank will look to utilise nCino’s end-to-end cloud-based platform.
Amazon U-turns on decision to ban UK-issued Visa credit cards
The eleventh-hour reprieve comes as both companies are “working closely” to reach a longer-term agreement.
House of Lords committee says UK digital pound is “solution in search of a problem”
The Economic Affairs Committee cited financial, privacy and data concerns over UK CBDC.
