B-North boosts risk assessment with Wiserfunding deal
SME challenger picks Wiserfunding to support its risk grading.
UK
Co-operative Bank’s digital arm Smile goes down for days
Smile has around 100,000 customers.
Viva Wallet selects ClearBank as UK banking provider
Viva Wallet bought a Greek neobank back in January.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Ask the expert: how can I convince a prospect’s finance team to work with us?
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Metro Bank snaps up former Co-operative chief risk officer
Richard Lees will join Metro after four years at his current employer.
Lloyds partners with Swedish fintech to offer subscription management
The bank is currently in pilot stage.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Why mid-sized players should embrace the direct-to-consumer model
It’s imperative for businesses to be able to help customers directly.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
ClearBank hires new CFO and CIO
UK clearing bank adds two to executive ranks.
Forte Securities picks Profile Software’s Axia
London-based broker selects Profile to power custody services.
Barclaycard and SAP extend partnership to combine Commerce Cloud and Smartpay
This is the second integration of systems between the pair.
TransferGo hires Edgardo Savoy as new CTO
Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.
HSBC glitch sends coronavirus bounce back loans in error
UK bank has processed £4.5bn in loans so far in 2020.
Tide freezes lending after funding falls through
The fintech said the BBLS “doesn’t meet the requirements” of prospective investors.
Virgin Money restarts planned job cuts and branch closures
The UK bank’s plans had been put on hold by COVID-19.
UK challenger Monument to tap Britain’s mass affluent
The fintech has raised £10 million to date.
Starling Bank launches two new paid business accounts
The roll-out includes its second multi-currency account.
Lloyds CEO António Horta-Osório to step down in 2021
“Mixed emotions” for Horta-Osório as Lloyds announces new chairman.
Lending Works acquired by Intriva Capital
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
UK Finance lands two new managing directors
Both new appointees will join the trade body in the autumn.
Crypto trading platform GPay shut by UK High Court
On 23 June, the court “wound up” GPay “in the public interest”.
Monzo’s co-founder Tom Blomfield leaves its board
According to a Companies House filing, his termination occurred on 17 June 2020.
Starling Bank applies for £35m grant from BCR
The UK challenger bank was awarded £100m last year.
Infrastructure that gives you an edge: payments-as-a-service
The only technology model for future payments ecosystems.
How 5G will revolutionise consumer banking
When 5G is part of our nationwide infrastructure, it will transform products and services.
Santander launches Mi Vuelta COVID-19 track and trace app
The Mi Vuelta COVID-19 track and trace app allows employees to report any symptoms.
American Express GBT launches SME cashflow platform Neo1 in UK
The free online service helps finance teams manage cashflow.
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
Is your bank rotten to the core?
In banking, a legacy product core based on old technology can’t simply be modified.
Elevate Credit ceases UK operations
It will no longer be operating its wholly-owned UK unit, ECIL, under the “Sunny” brand.
Allica Bank goes live on Profile platforms
FMS.next and RiskAvert deployed at SME challenger bank.
TransferWise lands licence from FCA to offer investment products
The move marks its second side-step from cross-border payments.
Six new lenders accredited for UK CBILS
There are now 99 CBILS accredited lenders.
Wirecard’s UK subsidiary WCS: missed red flags
Red flags include late 2018 financials and a €156,000 lost lawsuit.
Bud launches open banking solution for payments
CEO Ed Maslaveckas says aggregation is “least disruptive” part of open banking.
Santander looks to William Vereker for UK chairman role
The appointment is expected to be approved later this week.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
