Link reveals plan to protect free ATMs
The pilot scheme starts with the Scottish town of Durness.
UK
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Money Dashboard raises record £4.6m crowdfund
The Scottish fintech hit its initial £1.5 million target in 45 minutes.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
Natwest, Tesco, RBS and Nationwide experience banking IT outage
Customers couldn’t access credit card information with monthly bills imminent.
David Chaum announces quantum-resistant digital currency
Praxxis emerged from a stealth project in the Cayman Islands.
BMLL Technologies launches Derived Data Service
The service offers “unparalleled visibility” into the market.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Curve launches first crowdfunding campaign
Investment opportunities will start from £10.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
HMRC cracks down on crypto investors
The tax authority has requested customer data from UK exchanges.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Market welcomes FCA’s plan to phase-in SCA
Industry officials see this as the regulator’s last warning.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
NatWest launches voice tech for banking pilot
It’s testing exclusively with Google smart speakers for this pilot.
EBA Outsourcing Guidelines or Operational Resilience – which to prioritise?
Operational resilience (OpRes) is the new, grown up way of regulating the financial sector.
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Robinhood gets greenlight from FCA to launch trading app in UK
The 2013-founded Silicon Valley start-up offers a cheaper way to buy and sell US stocks and shares.
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
SVS Securities enters administration
The FCA has opened an investigation into the company.
Three lessons traditional banks can learn from their younger siblings
Teamwork, transparency and creating a competitive culture is key.
Nationwide to open innovation centre in London
The London facility will accommodate around 1,000 workers.
