UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
UK
UK Treasury makes paying back consumers victim to APP fraud ‘compulsory’ for banks
The phrase ‘gross negligence’ will also be defined.
Appway: Firms must seize “opportunity of disloyalty”
Wealth management is a traditionally “sticky” industry.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
IDnow gains $40m funding injection from Corsair Capital
Verification firm plans to use fresh cash to open new locations.
Dharmesh Mistry steps down as Temenos’ CDO
After seven years with Temenos and 30 years in banking tech, Mistry says its time for a break.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Monzo hires new CRO with blue chip banking career
Lisa Nowell leaves ClearBank after just six months.
Trade Ledger nabs £1.5m in Hambro Perks funding round
Lending platform plans to build out its services with cash injection.
Pollinate launches with backing from Mastercard, RBS
Merchant services firm’s first customer is NatWest.
Credit score fintech TotallyMoney raises £5m investment from SVB
TotallyMoney now has 2.5 million customers.
Commonwealth Trade Bank selects Intellect Design Arena’s IDC system
Newly renamed bank to use IDC across multiple operations.
UK start-up Asterisk Networks aims to disrupt securities lending market by axing middlemen
The fitnech will also address regulatory costs from Basel III.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
Crypto bundler Revix targets female investors, aims to make digital assets “responsible”
Revix will be sponsoring entrepreneur platform Future Females.
Elavon and Santander help Poppy Appeal in ‘largest cashless charity campaign in Europe’
The fintech is deploying 1,100 cashless terminals across the UK.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Modulr plans £20m investment in Scottish development hub
The business payments firm wants to boost Scottish fintech.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
UCL graduate fintech TurinTech.ai raises £1m led by IQ Capital
The firm is now a resident at London’s Microsoft Reactor.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
Payment fraud in sights of UK cybersecurity force
The NCSC claims Operation Haulster is helping banks proactively prevent fraud.
Being black in the financial services industry
“Bank accounts were just not something you could attain with black skin”.
SoftBank injects $655m into Greensill to support tech acquisition
The supply chain finance firm has raised $1.7bn in just 14 months.
TSB COO: “Whole host of things” need to be fixed
Bank executive spoke candidly at a company event.
TransUnion appoints ex-KCOM exec Mike Davies as COO in UK
Davies grew KCOM’s business value from £50m to more than £500m.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
P2P lender Funding Score sinks into administration
Investors nervous as recovery firm takes control.
Natwest, Nationwide and RBS pull banking apps from Google Play for Samsung S10 users
The S10’s fingerprint feature glitch means it can be unlocked by anyone.
Starling Bank secures £30m with user milestone on horizon
Challenger expects to cross the threshold within a few weeks.
B-North aims to bring back brokers to the UK SME market
The fintech is in the process of acquiring its banking licence.
UK consumers stick with their banks as switches drop again in 2019
This decrease follows a similar pattern between Q1 and Q2.
Glue42 partners with RocketFin to bring behaviour mining to banks’ regtech suite
Glue42 works with the likes of JP Morgan Chase.
Trade finance – network to network
Trade finance indeed needs a network to network.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
Complexity of SME market still eludes banks
Panel at the International SME Business Banking Forum believes banks missing a trick.
Contactless charity donations start-up GoodBox raises £1m
The funding is part of a combined Series A £2.3 million.
