LCH implements clearing and settlement solution from LSEG Technology
The new system will reportedly clear and risk manage 20 million trades per day.
UK
Coronavirus exposes gaps in innovation
The pandemic has given fintechs a time to shine.
Rangewell calls for Nationwide’s returned £50m to go towards COVID-19 effort
Business finance firm says the bank has abandoned finance plans “when they are most needed”.
API builder Yapily lands $13m Series A
The capital raise was led by Revolut-backer Lakestar.
Will fintech CEOs follow in the footsteps of Dan Price post-coronavirus?
Monzo and Moven’s CEOs have both taken a 100% pay cut.
Exclusive interview: looking beyond the horizon
Fintech Futures talks exclusively to Nationwide’s channel service director, Carole Layzell.
FCA plans financial relief for customers amid COVID-19 pandemic
UK regulator wants a freeze on loan and credit card debt.
What the Fintech? Episode 2 | COVID-19: Is cash still king?
Find out Nick Kerigan’s take on the impact of COVID-19 and his banned buzzword.
Revolut loses its head of wealth and trading, a former Freetrade co-founder
André Mohamed leaves after 18 months at the challenger bank.
TSB’s online and mobile banking goes down on April Fools
Phone lines were busy and branches weren’t reachable amid lockdown.
UK fintech Tully helps distribute COVID-19 payment relief
The fintech wants to reach two million people in its first eight weeks of launch.
Manchester’s fintech scene needs a homegrown unicorn, says report
Manchester is already home to five homegrown ecommerce unicorns.
Flux and Pleo partner to deliver “invisible” expensing tool to UK SMEs
The new co-created tool is set to launch later this year.
Fintech start-up Byhiras completes UK pension project on time
The full five-year project is estimated to be roughly £500,000.
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Monzo’s CEO takes 100% pay cut for 12 months
Senior management and the board will also take a 25% pay cut.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
Keeping traders trading from home
Traders have found themselves operating in a new world.
Unicorn hopeful Lanistar lands $2.5m
Founder says it wants to become a £1 billion “banking alternative”.
Meri Williams steps down as CTO of Monzo
It is not clear who is taking up Williams CTO responsibilities.
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
VoxSmart raises £5.5m from NatWest in Series B funding round
Surveillance firm completes its second round since 2006 founding.
Coronavirus: UK cash usage halves during pandemic
Shop closures, contactless and hygiene concerns taking its toll on cash.
FCA requests listed companies delay publishing preliminary financials
It highlights that this statement does not apply to AIM-listed companies.
UK auto-saving app Chip lands authorisation from FCA
The app has seen an influx of savers using its platform as of late.
big xyt hires SocGen’s Richard Hills
Data analytics firm snaps up electronic equities trading man.
UK contactless limit raised to £45 to prevent coronavirus cash handling
“The changes were already under consideration by the industry,” says UK Finance
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
Finastra brings servers back online after ransomware attack
“A bad-actor was attempting to introduce malware into our network,” says firm.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
Finastra appoints Gary Bischoping as new CFO
Bischoping to replace Mark Miller, who stepped down for personal reasons.
HSBC confirms Noel Quinn as permanent CEO
He has held the job on an interim basis for seven months.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Bank of England dips into US repo to lend banks $15bn
It’s the largest sum the central bank has issued since the financial crisis.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Revolut launches accounts for under-18s in the UK
Only the children of Premium and Metal account holders will have access.
Iwoca launches lending platform to help banks and fintechs tap UK SMEs
The platform has already bagged Monese and Xero as a partners.
