New UK lender Interbridge Mortgages taps Mambu for retail mortgages solution
Founded last year and headquartered in Cardiff, Interbridge Mortgages is a second charge mortgage lender.
UK
Rimes hires Gus Macfarlane as new chief operating officer
Macfarlane joins Rimes from Barclays, where he spent over six years in various managing director roles.
Wealthtech start-up for women Propelle launches in the UK
Propelle has secured over £1.2 million in pre-seed funding to date.
Uday Bola joins Target Group as new head of solution design
Before joining Target, Bola was a lending transformation consultant at Penrith Building Society.
SME app Countingup hires ClearScore’s Dan Elias as head of product
Countingup has also hired a new head of compliance and head of marketing.
UK wealth manager Quilter buys NuWealth to boost first-time investor support
Quilter will work to integrate NuWealth’s capabilities into its advisory business.
UK credit card start-up Yonder secures £23.4m in fresh funding
Yonder is planning to expand its operations beyond its domestic market of the UK.
Ex-TSB chief Paul Pester joins UK wealthtech start-up Firenze as chair
Launched in January, Firenze seeks to democratise access to Lombard lending.
HSBC digital chief Ashief Danga leaves for AXA Health
Danga has served as HSBC’s head of digital for global markets since 2016.
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
Metro Bank partners Infosys to boost digital transformation with AI
The UK bank is also reportedly set to cut around 300 roles as part of cost-cutting efforts.
Axoni sells Veris post-trade processing business to LSEG
Launched in 2020, Veris operates as a distributed ledger network for equity swaps.
UK regtech Novatus Global lands new $40m growth investment for US expansion
The investment builds upon the £4 million the regtech secured from Maven Capital Partners in 2022.
Revolut reportedly applies for EMI licence with UAE central bank
Bloomberg reports that Revolut’s ambition is to eventually apply for a full banking licence in the UAE.
FE fundinfo buys out investment research platform AdviserAsset
FE fundinfo is to integrate AdviserAsset as a research and selection module.
Payment processor Clowd9 hires former Thredd tech lead Paul Hansford as new CTO
Hansford previously headed technology at Clowd9’s “distinguished competitor” Thredd.
LendInvest extends JP Morgan debt financing agreement to £1.5bn
LendInvest now claims £4.55 billion in funds under management.
Enfuce to launch dual-function E2 card in UK, France and Germany with Mastercard
E2 combines both debit and credit primary account numbers into one card.
Form3 bags $60m Series C extension with new investor British Patient Capital
Form3 previously closed a $160 million Series C in 2021 and received an investment from Visa in 2023.
Mansfield Building Society in core banking tech overhaul with TCS
Mansfield has selected the vendor’s TCS Bancs and Digital Home Lending solutions.
Mortgage tech firm Twenty7tec plots UK expansion and acquisitions with £16.5m BGF investment
BGF has appointed Angela Williams and Duncan Wade to the Twenty7tec board.
The Bank of London bags £42m funding round after reportedly being hit with HMRC winding-up petition
HMRC issues winding-up petitions when a company can’t pay its debts.
Nationwide Building Society taps Red Hat for new Business Integration Platform
Nationwide is preparing to migrate critical production workloads to the cloud within the next year.
Visa prepares for 2025 launch of Visa A2A in UK
Visa A2A features a formal dispute resolution process and easier-to-manage payment permissions.
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
The bank will implement its new partner’s ClearTrade technology from this month.
Natixis sells private credit business MV Credit to Clearlake Capital
Upon completion of the deal, Clearlake Capital’s credit business will have over $28 billion in AUM.
Anthony Watson steps down from role as CEO of The Bank of London
The company’s current chief risk and compliance officer Stephen Bell has been named as its new CEO.
Tarabut buys A2A payments platform Vyne
Tarabut says the move will enable it to bring “A2A payment capabilities to the Middle East”.
SumUp’s Irish division makes series of senior leadership appointments
SumUp has named a new CEO and CRO of its Irish entity, SumUp Limited.
McLEAR sunsets payment ring programme
McLEAR’s RingPay programme comprises a prepaid account, a mobile app, and a payment ring.
Legal & General taps Moneyhub for new pensions dashboard
Legal & General became an investor in Moneyhub back in 2022.
Crown Agents Bank partners Visa to power cross-border payments in emerging markets
CAB is integrating its FX network into the Visa Direct system via API.
Allica Bank grows bridging finance offering with Tuscan Capital acquisition
Tuscan Capital provides short-term property finance to investors, developers and businesses.
UK’s Tandem Bank hires former JP Morgan exec Adi Kadle as director of engineering
The bank has also hired a new chief people officer and director of strategic growth.
HSBC Innovation Banking UK integrates payment and account services into Numeral platform
Joint clients will now be able to access UK Bacs, FPS, SEPA and Swift payments through Numeral.
FNZ group CEO Adrian Durham to step down
Durham is handing the reins over to former JP Morgan exec Blythe Masters.
New UK climate fintech Zero gears up for end-of-year launch
Zero secured seed funding in 2023 and is now pursuing additional capital through a seed extension round.
Revolut taps Visa Direct for cross-border business payments
Revolut Business customers can now access instant card transfers powered by Visa Direct.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Featurespace provides financial crime prevention solutions for AML and fraud detection.
HSBC reportedly considering sale of its South African business
Bloomberg reports that banks from Africa, China, and the UAE are interested in HSBC South Africa.
