PrimaryBid lands $50m from LSE, Draper Esprit & ABN AMRO
It adds to PrimaryBid’s $8.6 million Series A last year.
UK
Monet Money to target UK’s creatives with cash flow app
The beta version of its app is expected to land in February 2021.
NatWest accelerator graduate Hoddle launches beta savings app
Hoddle was brought onboard to NatWest’s accelerator programme by Steve Chown.
FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal
The investigation found that GSI breached a number of FCA and PRA principles and rules.
TransferWise waives fees on $20m in donations to COVID-19 research
All donations will be exchanged via Google and Reuter’s mid-market rate.
FCA survey shows 12 million UK adults struggling with debt payments
“Our surveys have shown that younger and BAME consumers have been impacted more than others.”
Modulr lands EMI licence from Ireland’s central bank
The licence will underpin the fintech’s European expansion.
Visa and Mastercard abusing UK duopoly, say retail groups
The major card schemes are accused using their position to charge increased fees.
Silent Eight lands $9m to help firms tackle money laundering
The start-up says it has doubled its valuation in just over a year.
UK challenger Lanistar lands £15m from CEO’s family
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
Curve to launch new credit facility powered by Thought Machine’s Vault
Curve Credit allows customers allows customers to pay for their purchases in instalments.
TreeCard raises $1m from Ecosia ahead of 2021 launch
TreeCard, set to launch next year, is made of sustainable cherry tree wood.
Enveil CEO: Fragmented AML regulation creates “Russian doll effect”
Williams likens it to the “Russian doll effect”.
Fronted joins Yobota’s first cohort of core banking clients
The fintech is just “a couple of months” away from going live on Yobota’s core banking platform.
Tide and GoCardless sign invoice-chasing payments partnership for SMEs
The two firms claim SMEs are suffering without timely invoice payment.
FinTech Futures Jobs: five exciting fintechs that are hiring now
Top fintechs looking for talent, including Monzo, OakNorth, Cleo AI and Chip.
PayPal adds interest-free instalments to its UK wallet in BNPL play
Two thirds of British millennials use BNPL services.
Klarna under investigation by UK regulator for ‘unsolicited’ emails
The Information Commissioner’s Office (ICO) is investigating the claims.
Tandem Bank appoints former Allium CEO as new chief commercial officer
Paul Noble joins Tandem to help it create green digital banking services.
Bravura Solutions acquires Delta Financial Systems in £23m deal
Aussie fintech expands reach in the UK with Delta acquisition.
Former Barclays execs to launch challenger bank Pennyworth for UK’s “aspiring affluent”
The start-up promises impressive rates considering the current 0% interest climate.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
Breaking down walls
FinTech Futures took this somber moment to sit with Keisha Bell at DTCC.
UK challenger Monument lands restricted banking licence
Monument has raised £20 million to date.
Virgin Money slashes 400 jobs as it lands £35m government grant
The 400 job cuts are part of a forecast 16% reduction in Virgin Money’s headcount.
UK Finance appoints David Postings as new CEO
Postings is an industry veteran, spending 25 years at Barclays and three at Lloyds.
Young Black lives in banking
The number of senior Black execs on Wall Street has remained under 3% for the past decade.
Banking Technology October 2020 issue out now
Educate, advocate, invest: It’s not enough for companies to pay lip service.
Sibos 2020: Victoria Harverson, global head of business development at SmartStream Air
She discusses SmartStream’s AI solution for data processing.
FinTech Scotland on hunt for new CEO
The industry organisation was formed with the help of Lloyds and HSBC back in 2018.
FCA to ban the sale of crypto-derivatives to retail customers
UK regulator aims to clamp down on products “ill-suited” to the public.
Seedrs reveals £4.6m losses day after Crowdcube merger
Crowdcube’s acquisition of Seedrs is set to create a £140 million equity crowdfunding player.
Starling Bank launches online portal due to “customer demand”
Balance updates, standing order controls, and savings goals come as standard.
Sticking their necks out
Until now, no established, Black-owned, UK-founded bank has existed.
B-North raises £1m in ongoing Series A funding round
Manchester-based firm plans full launch for later this year.
Monese picks Thought Machine’s Vault to revamp core banking systems
Monese picks Thought Machine’s Vault to revamp core banking systems.
Welsh neobank Chetwood Financial unveils second lending product
Newly launched BetterBorrow is targeting “a slightly better credit mix” than LiveLend.
UK mortgages & savings: witnessing a digital transformation
There’s a clear demand in the UK market for a proven technology provider.
Barclays appoints Taalib Shaah as new group CRO
Shaah joins from the bank’s international division.
A sector ready for change
The Black community has been fighting for change for many years, often falling on deaf ears.
