Facebook to drop P2P Messenger payments in Europe
The service will be discontinued in the UK and France on 15 June.
UK
Commercial insurance AI firm Cytora raises £25m
It was led by EQT Ventures.
Salary Finance completes $32.8m funding for US push
Sofi co-founder will lead the US branch of the firm.
Credit Kudos works hard for a £2.2m funding round
Led by Ascension Ventures.
CHL Mortgages picks Jaywing for IFRS 9 monitoring
The provider began work on the project by providing independent model validation to CHL.
New PFM firm Tully takes Brits out of debt
It recently graduated from Accenture FinTech Innovation Lab 2019.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Vision Blue acquires Cardiff-based SamePage
Both firms are happy about how the GDFC deal went.
Credit Karma closes Noddle acquisition for UK expansion
It will make Noddle’s premium services available for all.
Coinbase launches crypto Visa debit card in the UK
A European version will follow later this year.
ClearScore partners with Raisin UK to offer savings accounts
App now provides access to online savings marketplace.
PixelPin replaces password to log in with new £1.5m funding
The round was led by SBI Investment.
Upgrade Pack flying high as crowdfunding exceeds £500K target
Discount site celebrates first year with £12.75m pre-money valuation.
New funding set to make Monzo second-largest UK fintech start-up
£1.9bn valuation will see the challenger bank leapfrog rival Revolut.
New petition calls out big banks for stifling competition
The petition was started by the director of data analytics firm LendingMetrics.
Brewin Dolphin upgrades digital capabilities with Avaloq tech
The wealth manager says it has £34.9 billion under management.
Emma integrates Chip savings in money management app
Emma just wants to chip in.
Neos pairs with US insurer to offer customers smart home tech
American Family Insurance thinks smart home technology will reduce claims.
Torstone Tech grows with Percentile acquisition
Percentile’s risk solution will be integrated into Torstone’s offering.
R&D tax credit scheme offers relief to UK fintechs
Dispelling assumptions and misconceptions about R&D tax relief.
Video: fintech news weekly round-up – 8 April 2019
Africa Fintech association, City watchdog’s orders, and a new blockchain alliance!
Simudyne closes $6m funding with Barclays’ aid
This brings the total capital raised to $10m.
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Onfido raises $50m for fraud battle boost
It brings the firm’s capital to more than $100 million.
Chetwood launches new savings account SmartSave
It says it keeps the costs low through technology and by being outside London.
CMA clamps down on open banking implementation
Five of the nine banks are delaying implementing mobile functionalities.
Nationwide and Jaywing explore “explainable” AI driven application scoring
The building society was impressed by Jaywing’s transparent model.
Video: fintech news weekly round-up – 1 April 2019
Apple’s new credit card, New York goes fintech, and more!
TransferWise to float stake for fundraising
It is rumoured that it is being organised by investment bank Goldman Sachs.
Millennial insurtech Kinsu shuts down
The app provided insurance for laptops, bikes and other home contents.
NatWest trials new personal finance app Mimo
NatWest trials new personal finance app Mimo
Kyriba plans $160m growth round led by Bridgepoint
$60 million earmarked for innovation investment.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
RCI Bank gains full UK banking licence
RCI Bank, a new savings bank based in the UK’s county of Hertfordshire, has obtained a full banking licence.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
Succeeding with Advanced Analytics and delivering next level customer experience
Data visualisation, data analytics, and other necessary requirements for modern banking.
