Santander International to deploy cloud-based Temenos system
Isle of Man and Jersey users switching over to Temenos platform.
UK
Tandem Bank goes live on Mambu core platform
Tandem replaces Fiserv’s Agiliti with Mambu’s system.
UK energy provider Octopus launches Moneycoach
It intends to invest £10 million into Moneycoach to scale the offering.
Ikano Bank picks TruNarrative to sit at regulatory centre of digital change
Swedish bank selects UK regtech firm to collate AML programmes.
Lessons learned from launching in a pandemic
The speed at which we’ve learned to respond to the market and grow as a business is invaluable.
Paysafe goes public via Spac merger
Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.
Leek United Building Society extends Sopra partnership
Building society to shift its Sopra system to the cloud.
Dear Luc: What marketing pitfalls should I avoid?
Some fintechs are getting caught out by the regulators when using terms like “banking”.
Tide thinks bank data fees could speed up the UK’s open banking adoption
The sector has long felt divided over the progress of open banking adoption.
Revolut withholds $90,000 from investment manager with “no real response” for months
An investment manager’s battle to receive his $90,000.
UK gold wallet Glint goes crowdfunding with £6m “hard cap”
The start-up is raising to fuel its “growth phase”.
Does the key to financial inclusion sit in a digital money savings pot?
Fintechs should be looking to develop products that promote healthy and sustainable financial habits.
Fintech funding deals globally 22-28 March 2021
Featuring Dataminr, Blockchain, Feedzai, Jumio, and Pie Insurance.
Webinar: Preparing for open finance – the next step in the open banking journey
How to successfully position your firm in this new era of innovation.
PPRO boosts unicorn round up to $270m with JP Morgan
PPRO says it doubled its transaction volumes over 2020.
Santander announces 111 UK branch closures as consumers go digital
The bank says all 840 affected staff will be offered new roles.
FCA plans whistleblower support with new campaign
UK regulator to provide greater help to those willing to come forward.
Seedrs abandons £140m Crowdcube merger after CMA block
The CMA said the deal would “reduce competition and innovation”.
Former HSBC exec Maguire joins UK regtech Napier
Maguire takes up a position as an advisory board member at the firm.
HSBC challenges fintechs with launch of SME banking app Kinetic
“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.
Zopa raises £20m from internal funding round
The round was led by IAG Silverstripe and featured existing investors.
Freetrade raising £50m Series B for European expansion
Customers have been waiting years for European expansion.
Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
OakNorth Bank lands £77.6m pre-tax profit despite COVID-19 provisions
The fintech lender’s total assets now sit at £3.1 billion.
65% of UK financial institutions miss Treasury’s gender representation targets
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Pollinate secures $50m Series C funding for US expansion
UK firm has raised $218 million to date.
London fintech Agitate latest to unveil open banking-powered payments solution
The solution skips the card ecosystem entirely.
Wise considers rare direct listing on London Stock Exchange
This would see Wise circumvent the conventional IPO process.
UK fintechs B-North, DIEM, Encompass, and Lumio raise funding
A round-up of recent investments clinched by the UK fintech start-ups.
NatWest’s FCA laundering charge the “first of a few” to come in 2021
The FCA is currently still investigating 6 other cases.
Low-code firm Genesis raises $45m in Series B funding round
Genesis had raised $4.8m over nine years prior to the new injection.
Wealthtech for asset managers FundSense launches in UK
FundSense licenses the platform on a per-user basis.
Ikigai launches in UK to disrupt the asset percentage pricing model
Ikigai is charging a flat £10-a-month fee to early access users.
Technology is winning the fight for financial inclusion
Enlist technology as an ally in the fight against financial exclusion.
NatWest faces FCA money laundering charge over £365m account
The bank will appear before Westminster Magistrates’ Court next month.
Regulating the Brexit deal
In spite of their clear importance, regulators have often met resistance.
Fintech funding deals globally 8-14 March 2021
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
Bank of England governor key architect in RBS scandal which left businesses in ruin
Bailey did not disclose his hand in creating the Asset Protection Agency.
Katherine Dziaman joins Sandstone Technology as new CFOO
She replaces Pow-Chuan Lee, who leaves the firm after two and half years.
