Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
UK
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Irish start-up Wayflyer raises $76m in Series A funding round
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
Fintech start-up Capchase plans European expansion after $125m funding round
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
Pleo appoints new CRO as it prepares for $100m funding round
Arun Mani joins Pleo after a successful spell at software company Freshworks.
Video: fintech news pick of the week – eBay splits from PayPal; EU plans new digital wallet
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Divido raises $30m from HSBC and ING to expand white label BNPL product
Founded in 2014, the firm claims 1,000 clients across 10 markets.
Standard Chartered to launch UK-based cryptocurrency exchange
The new platform will be launched in Q4 2021 in partnership with BC Technology Group.
United Fintech hires 14-year Goldman veteran to lead North American expansion
Mark Lawrence joins the scale-up to grow its business in the US and beyond.
Ex-Wise employees found commission-free trading app Lightyear
Lightyear claims to be the only true commission-free retail trading app.
Tred partners with Nium to launch green debit card
UK’s first green debit card to let users track, reduce and offset their carbon footprint as they spend.
FCA: “Significantly high” number of crypto firms not meeting AML standards
The UK watchdog has extended application deadlines for firms to seek regulation.
Video: fintech news pick of the week – HSBC, Klarna & Tandem
Top pick of news from the world of finance and tech in bitesize video format, twice a week.
UK bookkeeping fintech Coconut embarks on crowdfunding path
The latest funding push by Coconut comes ahead of a significant switch to mandatory quarterly digital filing.
Returning to the office: what fintechs need to know
For those fintechs brave enough to move first, there are great opportunities available.
Innovate Finance hires Adam Jackson as new policy director
Industry body preps to push the sector’s regulatory interests.
Tandem switches CEO as Susie Aliker replaces departing Ricky Knox
Against a backdrop of losses and a business u-turn, Tandem switches out its top job.
NerdWallet signs with Fluent Money for next UK mortgages push
The tie-up follows a competitive tender and builds on an existing relationship between the two companies.
PaySend gains $125m in latest funding round
The latest funding will support PaySend’s international expansion plans.
Video: pick of the week – “smishing” tech scam arrests; Figure Technologies raises $200m
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Dear Luc: Does my fintech firm need ex-bankers to succeed?
This week our writer wonders if they should really be hiring ex-bankers for their executive committee.
Arrests made over UK “smishing” texts scam
Arrests are part of an initiative by specialist police unit funded by the banking and cards industry.
UK payments industry reacts to second SCA deadline extension
Many firms are still unhappy with “the disruption” SCA is presenting.
Video: pick of the week – UK regulators not happy with some fintechs and AmEx
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
UK regulator fines AmEx over sending four million unsolicited emails
Subscribers “had not provided adequate consent” for a portion of the 50 million messages Amex sent in 2019.
Glenhawk plans lending boost with cloud-based Finastra system
New UK non-bank lender sets up automated platform in the back office.
FCA demands UK fintechs clarify non-bank status to customers
Companies have six weeks to write to their customers.
HSBC launches multi-currency business wallet to rival fintech providers
HSBC says businesses can “pay like a local”.
Goldman Sachs plans UK app launch, robo-adviser for 2022
the UK makes up just under a third of Marcus’ $100 billion deposit total globally.
ETX acquirer Guru Capital snaps up fintech start-up Oval Money
Launched in 2017, Oval’s mobile app claims more than 100,000 “active” users.
Scottish Equity Partners invests in compliance firm FundApps
FundApps says it can “transform” investment management.
UK government should confirm that NFTs are “works of art”
The UK’s legal and regulatory framework has lagged behind in the rapidly moving NFT area.
FE fundinfo acquires cashflow planner CashCalc
“Cashflow planning is a key component of an adviser’s process”.
Pockit customer forced to send bailiffs in battle for locked funds and rent money
Pockit owes the customer a total of £352.
Omnio raises €30m to expand BaaS product across Europe
UK-based provider is also seeking to launch a future IPO.
eBay edges away from PayPal to offer cash advances with UK fintech YouLend
Ebay purchased PayPal back in 2002, before spinning it off in 2015.
Avon Mutual plans 2021 banking licence to serve West of England communities
The start-up bank appointed a new CEO earlier this year.
OpenWrks, Tully, Payplan and PayLink merge under private equity firm
All four firms span the debt advice, credit risk and collections industries.
Nationwide moves payments processing to the cloud with Form3
UK building society says the platform’s deployment “is an exciting moment”.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
