Katherine Dziaman joins Sandstone Technology as new CFOO
She replaces Pow-Chuan Lee, who leaves the firm after two and half years.
UK
Will there be a post-Brexit financial services and fintech boom?
The burgeoning UK fintech sector could soon thrive as never before.
NatWest shutters three-year-old fintech lender Esme Loans
Esme Loans enjoyed a London Tube advertising campaign for a time.
Atom Bank to close funding round at half its 2019 valuation
One of Atom’s largest shareholders isn’t able to participate in the sale.
Chip hires former 10x head of product Tom Evans as new CTO
Evans joins as the saving app gears up for new product launches.
Insurtech Zego lands $150m Series C to join unicorn club
“It is clear that the way people use vehicles is undoubtedly changing”.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Tesco Bank kicks off three-year ATM modernisation project
2,000 machines will be replaced by the end of 2023.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
OBR doubts impact of UK’s new infrastructure bank
The UKIB is a third of the financing provided by the European Investment Bank (EIB).
UK’s CMA launches consultation into OBIE successor
The CMA asks firms to send in suggestions before 29 March.
Paysafe inks Azure cloud deal with Microsoft
The two firms extend an existing tech partnership.
Dozens hires new CTO from energy firm Kingo
Peter Kasprowicz is a “rare” direct hire from the Guatemalan firm
Starling raises £272m to land unicorn status with £1.1bn valuation
The capital will boost Starling’s lending, launch Starling in Europe, and underpin M&A.
Budget 2021: The fintech industry reacts
We asked key market participants what they thought of the UK Chancellor’s budget.
Greensill in crisis as regulators step in to freeze payments
BaFin ordered Greensill’s Bremen-based bank subsidiary to freeze all payments.
M&S Bank closing all bank accounts and 29 in-store branches
M&S has moved towards retail-focused solutions in recent times.
ING-backed Countingup lands £9.1m Series A with help of new investor Sage
The fintech has acquired 14,000 customers in the last 12 months.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Budget 2021: What does it mean for UK fintech?
FinTech Futures scrolls through the UK chancellor’s new budget to pick out the fintech impact.
London calling
City firms can still access EU market despite no financial services deal.
UK Finance plans future revamp for Open Banking body
The OBIE is morphing into a new organisation to support innovation.
UK chancellor to reveal £22bn infrastructure bank in 2021 Budget
The bank will offer loans to local authorities at lower rates to support new projects.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
Orenda plans BaaS shake-up with heavyweight banking execs at helm
Orenda says it’s as much as an “eighth” of the price of its competitors.
Supporting business leaders during COVID-19
Pressures have taken a toll on businesses and the mental health of their leaders.
Atom Bank plans £40m shareholder fundraise in prep for future IPO
The bank has raised £429 million to date from eight funding rounds.
Former international footballer Rio Ferdinand invests in Sokin
Ferdinand joins as a shareholder in the cross-border currency firm.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
FCA boosts data strategy with new executive hires
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
Kalifa report says UK’s fintech crown at risk from waiting competitors
To mitigate the risks posed to UK fintechs, the report lists a number of recommendations.
Lloyds spends big on tech projects as profits slump 72%
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
Bank of England governor brands EU relocation wishes a “very serious escalation”
The EU granted the UK temporary equivalence last September for derivatives clearing.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
Moneycorp hires Barclays exec Tarashev as new CFO
His final role at the UK bank was as CFO of its private banking operations.
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
