Bux sells UK subsidiary Bux Financial Services Limited to UAE’s Asseta Holding
The company says the sale of BFS is a “subsequent step in the divestment strategy of Bux Holding”.
UK
Starling Bank founder Anne Boden reportedly steps down from board to focus on new AI venture
Boden had been a non-executive director on the bank’s board since stepping down as CEO last year.
FCA announces “biggest changes” to the UK’s listing regime “in over three decades”
The new rules aim to “support a wider range of companies to issue their shares on a UK exchange”.
Covering the exposed: The effects of the FCA’s PEP review on financial compliance
The FCA is set to publish its review of the treatment of politically exposed persons (PEPs) this month.
TBC Bank Uzbekistan lands $38.2m equity investment
TBC UZ claims to be the country’s largest mobile-only bank, boasting a 15 million-strong user base.
ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Challenger bank Griffin certified as B Corporation following “rigorous verification process”
The challenger had its governance, worker, customer, environment and community standards verified by accreditor B Lab.
Nala bags $40m Series A to scale remittance services
Part of the funds have been earmarked to build Nala’s B2B payments platform, Rafiki.
Global fintech investment fell by 19% in H1 2024, according to new Innovate Finance report
Total investment in fintechs worldwide amounted to $15.9bn in H1 2024, compared to $19.5bn in H2 2023.
Daiwa Capital Markets Europe selects Delta Capita for CLM solution
Delta Capita previously purchased LSEG’s CLM compliance solution, Client On-Boarding, in April.
Islamic finance start-up Ethos taps Thought Machine for core banking tech
The start-up will leverage the partnership to launch deposit accounts and home purchase plan mortgage services.
NatWest enables bank-verified digital identities for Nordic structured finance business in partnership with OneID
NatWest will apply OneID’s bank-verified digital identity solution to its structured finance business in the Nordics.
Stephen Bowe named Paymentology’s new chief product officer
Rowe brings more than 15 years of experience in the banking and payments sector to the role.
ICYMI fintech funding round-up: Bling, CreditLogic, FreeBnk and Currensea
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Fintel snaps up Threesixty from Abrdn in £14.6m deal
Threesixty will remain an independent business, maintaining its own offerings and pricing in the market.
Barclays sells German consumer finance business to Austria’s BAWAG to refocus on “key businesses”
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
Video: Highlights from the PayTech Awards 2024
Watch the highlights from an incredible afternoon celebrating the best and brightest in payments technology.
Leadership change at Phoebus Software as long-standing exec Paul Hunt steps down
Chief revenue officer Adam Oldfield has been promoted to the managing director role.
Erin Platts named new Octopus Ventures CEO, steps down from HSBC Innovation Banking UK
Platts most recently acted as CEO at HSBC Innovation Banking UK.
Last chance to register for Banking Tech Insights on 11 July in London
Join us on 11 July for an exclusive half-day event around building a modern tech stack at financial institutions.
Germany’s Taxfix Group secures UK market entry with TaxScouts acquisition
Launched in 2018, the TaxScouts platform connects self assessment tax filers with a network of accredited accountants.
UK challenger Oxbury Bank announces first full year of profitability
Oxbury Bank claims to be one of the fastest UK fintechs to reach full annual profitability.
Revolut announces record $545m profit for 2023
Revolut’s revenue surged by 95% over the year, from $1.1 billion in 2022 to $2.2 billion in 2023.
Tribe Payments promotes CSO Andrew Hocking to CEO position
Before his promotion, Hocking served as Tribe’s chief security officer for one year.
BlackRock to acquire private markets data provider Preqin for $3.2bn
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
UK challenger Atom Bank hires Gareth Jones as new chief risk officer
Jones is to replace Chris Sparks, who is set to retire after nine years at the company.
What does the UK fintech sector want from the next government? Three industry leaders weigh in
Execs from Soldo, Aro and Tipalti share what the next UK government can do to support the fintech sector.
Climate X completes $18m Series A led by Google Ventures
The UK-based start-up will use the funds to bolster its new commercial team in New York.
ICYMI fintech funding round-up: Ximple, Hero, Curve, Chift and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Angel investor Anne de Kerckhove joins UK’s Moneyhub as board chair
De Kerckhove is to succeed Rael Gordon as Moneyhub chair.
UK fintech Pozitive Payments names Alex Daly as new CFO
Daly will oversee Pozitive Payments’ finance team, including reconciliation and settlement functions.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
UK paytech Payset signs for Thought Machine’s Vault Payments tech
The paytech has been utilising the vendor’s Vault Core offering since 2022.
Virgin Money taps Experian to streamline digital customer experience
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
iBusiness Funding snaps up Funding Circle’s US business for £33m
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
Lloyds Banking Group expands card and payments partnership with Visa in the UK
The partnership will serve the group’s Lloyds Bank, Halifax, Bank of Scotland and MBNA brands in the UK.
Global Payments acquires UK’s Takepayments for undisclosed sum
Global Payments has reportedly been eyeing up the purchase since February.
FreeBnk partners E Money Network to issue blockchain-based IBANs
The partnership is set to enable blockchain-based international money transfers.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Regtech start-up Ondorse signs PayXpert, Assurdeal and Kota in UK and Ireland expansion push
Ondorse has also appointed OpenAI executive Olivier Godement to its board.
