Sharon Naidoo named new TransUnion CFO for the UK and Europe
Naidoo previously served as CFO at TransUnion Africa.
UK
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
Volt’s co-founder and chief growth officer Jordan Lawrence steps down
Lawrence co-founded UK paytech Volt in 2019 with Tom Greenwood (CEO) and Steffen Vollert (COO).
Science Card introduces new debit card offering to help accelerate UK scientific discovery
Customers can support ongoing projects focused on dementia, cervical cancer, and kidney transplants.
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parfin, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK start-up Sync Savings to make market debut next month
Digital bank Griffin has been revealed as the start-up’s first partner bank.
Broadridge appoints Simon Robertshaw as CTO of trading solutions
Robertshaw joins from The Bank of London, where he served as COO.
Selina Finance signs five-year mortgage servicing agreement with Phoebus Software
The London-based lender will leverage Phoebus’ tech to service homeowner and HELOC loans.
Debt repayment platform Haboo Money prepares for 2025 launch
The service will leverage open banking to make repayments “more personalised and dynamic”.
Triodos Bank UK appoints Mark Clayton as new chief operating officer
Clayton previously spent 23 years at HSBC and was most recently COO at Unity Trust Bank.
AccessPay gains two new senior directors with product and partnership focus
Graham Morgan transitions to product director, while Jim Conning becomes director of banking and alliances.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
ClearBank secures new Credit Institution Licence from the ECB to expand into Europe
The licence was secured by ClearBank Europe N.V., ClearBank’s newly established European entity.
CloudPay secures $120m funding round led by Blue Owl Capital
The paytech’s latest funding round adds to the $50 million it raised in 2022.
Sendsprint acquires Nobel Financial to expand remittance services in the US
Scott McClain, Nobel Financial’s chief compliance officer, will also join Sendsprint in the same role.
White paper: Beyond the basics – exploring trends shaping AML compliance in 2024
What controls UK businesses should put in place to effectively prevent money laundering and other financial crime.
SME-focused neobank Ampere launches card-to-card payments in partnership with Mastercard
The offering facilitates conversions in over 60 different currencies.
Lloyds Banking Group names Rohit Dhawan as new group director of AI and advanced analytics
In this newly created position, Dhawan will oversee Lloyds’ AI Centre of Excellence.
Shawbrook taps nCino for automated SME loan origination
The bank is also adopting nCino’s nIQ solution for AI and machine learning tools.
Bain Capital completes deals to acquire Finova and Iress’ UK mortgages business
Under BCTO’s ownership, the two entities will merge to become a single combined business.
ICYMI fintech funding round-up: Rillet, Aveni, Mamo, Payflow, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ebury reportedly appoints Goldman Sachs as it gears up for potential 2025 LSE debut
The Santander-owned fintech could list on the LSE as early as Q1 2025, according to reports.
BCI sells majority stake in Hayfin to Arctos Partners
Hayfin entered into an agreement with Arctos Partners “to support a management buyout of the business”.
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
The public have until 31 October 2024 to submit feedback on the paper.
Ireland’s An Post joins forces with Safecypher to combat CNP payment fraud
Safecypher’s tech tackles CNP fraud by enhancing CVV protection for card payments.
NatWest to acquire £2.5bn in prime UK residential mortgages from Metro Bank
Metro Bank is also set to withdraw credit cards from its product range.
Coinbase’s CB Payments unit fined £3.5m by FCA
The FCA claims CBPL breached a requirement that prevented it from offering services to “high-risk customers”.
Wealthify names former Azimo chief Richard Ambrose as new CEO as Andy Russell steps down
Russell is moving onto “the next phase of his career” having served as Wealthify’s CEO for over four years.
UK’s CMA says Lloyds Bank, TSB, AIB and HSBC breached Retail Banking Order
The CMA will continue to monitor the compliance of the four banks.
UK embedded finance provider Weavr lands EMI licence in Malta
Weavr aims to leverage the licence to deliver “the most comprehensive domiciled IBAN offering in Europe”.
Building on solid foundations: Writing the next chapter of the UK’s open banking story
The potential for all parties to benefit from open banking is clear, and it’s immense.
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK challenger Zopa taps ClearScore’s D•One for open banking-powered credit assessments
Zopa will utilise D•One’s tech for “open banking connectivity and transaction categorisation intelligence”.
Revolut secures UK banking licence with restrictions, enters mobilisation stage
Revolut has been in pursuit of a UK banking licence since 2021, when it first lodged its application with the PRA.
Morgan Stanley buys stake in UK business payments start-up Sokin
Sokin says the deal will “accelerate its product growth plans and further global expansion”.
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Fourteen banks and building societies are set to implement the new cash access system.
Social trading app Shares set to exit UK market
Shares plans to close its UK app on 30 August as it looks to “focus on the French and EU markets”.
The UK risks throwing away its fintech crown as open banking ambition stalls
The cost of allowing fintech to languish in limbo is simply too high.
UK money management app Plum raises £16.1m investment
The investment is comprised of a £13.4 million Series B and a £2.7 million Crowdcube campaign.
FCA lifts partner onboarding restrictions on UK fintech Modulr
Modulr can now resume onboarding A&D partners but must inform the FCA when doing so.
