IDnow hopes to bring video authentication to UK banks’ onboarding
Customers include Commerzbank, solarisBank, N26, and UniCredit.
UK
HSBC wants to double mobile users by 2022
The bank wants to generate more revenue per customer.
Curve gets services back online over weekend
The fintech is still working on third party digital wallet usage and refunds.
Two UK credit unions go live on ClearBank & incuto tech
Hoot Credit Union and Lanarkshire Credit Union activate faster payments.
FCA suspends Wirecard’s UK subsidiary
This has prompted a handful of fintechs to issue warnings to their customers on Friday.
Lanistar partners with Jumio ahead of “polymorphic” debit card launch
Lanistar landed a $2.5 million seed investment in March.
Aviva taps Fenergo to revamp client onboarding systems
Fenergo will switch out Aviva’s KYC, AML, and CDD services.
Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
Anna Manz appointed new CFO of LSE
Manz succeeds eight-year LSE veteran David Warren.
NatWest launches its no-card payments service Payit
The service uses open banking infrastructure.
Five ways to streamline your online checkout process
The commercial case for streamlining the online payments process is clear.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
Samsung chooses Curve to power its new Samsung Pay Card in UK
This is a one of a kind partnership for Curve and Samsung.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
Santander’s Asto offers loans to SMEs on Funding Options
The bank joins a roster of more than 200 lenders.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
FCA prepares shift to new data collection platform RegData
This is in response to industry feedback about the Gabriel system over the past three years.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Welsh government invests £250,000 in 10-year fintech roadmap
The country wants to create the “right conditions” for fintechs grow.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
UK challenger Picnic Bank to address ‘fintech for good’
The start-up is looking to raise £5.5 million.
Thought Machine taps Cognizant for new managing director
Mark Vasey joins core banking company from consulting firm.
FCA appoints LSE chief Nkihil Rathi as new CEO
Chancellor Rishi Sunak called Rathi “the outstanding candidate”.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Checkout.com lands $5.5bn valuation, looks to US listing
The firm has landed a $150 million Series B funding round it began in May.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Europe battles on with digital tax plans despite US walk out
Almost 140 countries are part of the talks to bring in a digital tax.
Bank of England adds another £100bn to combat COVID-19 economic crisis
Sterling sank against the dollar and euro on Thursday, falling more than 1% following the announcement.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Commerzbank fined £37.8m by FCA for AML failings
The London branch of the bank dragged up for issues between 2012 and 2017.
Partnering is a solution to the regulatory “new normal”
FinTech Futures speaks to James Buckley, vice-president and Europe director for Infosys Finacle.
Banking is moving to a dual core
I’m not saying that digital transformation is just a case of implementing a DBP.
UK regulator probes Visa’s acquisition of Plaid
The UK’s CMA is looking into potential anti-competitive implications.
UK court rules against Mastercard and Visa on interchange fees
CMSPI estimates maximum pay-out for UK merchants to be roughly £15.2bn.
UK fintech consultancy 11:FS cuts 12% of workforce
Out of its roughly 183 employees, 22 will be leaving the company.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
Santander’s PagoFX rolls out business offering and adds more currencies
Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Amaiz appoints Francesca Dowling as their new head of compliance
Dowling has more than 20 years’ experience working in the regulatory field.
JP Morgan Chase helps NHS digitise its pre-employment programme
The bank aims to help the NHS put 500 young people in jobs.
