UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
UK
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
SamePage gains first go-live at Green Deal Finance Company
The loan origination system aims to take the lending platform fully digital.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
Why open banking is going to be so exciting for payments
The fundamental changes in the payment model will benefit both the payer and the payee.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
Natwest business customers at risk due to security software
The bug is now fixed.
HSBC to offer BlackRock’s Aladdin software to wealthy customers worldwide
BlackRock also announces acquisition of eFront
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
Capdesk raises £1.5m to aid in employee share plans
As firms compensate staff with the own firm’s shares, liquidity is not as easy as it seems.
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Sova Capital picks Iress for wealth management middle-office
Iress will also provide post-trade processing services.
Banking industry thwarted £1.66bn of fraud in 2018
But £1.2bn was stolen during the same period.
New cash flow platform Avrium hits the UK market
Aiming to help SMEs mitigate cash flow risk.
Pay.UK eases access to payment schemes for PSPs
With the introduction of the second phase of a new access model.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Curve announces plans for global expansion
LinkedIn’s former talent hunter will head international recruitment.
Paidyou makes it easy to split house bills
The app is designed for landlords and/or tenants in a house share.
SimplyBiz Group agrees to acquire Defaqto
Defaqto’s management and strategic direction will be unaffected.
New voice-powered Finley AI offers financial and pension advice
The creator claims that Finley AI is a world-first innovation.
CreditLadder and Nationwide team up to help renters buy a home
They say it’s the first relationship of its kind in the UK.
NatWest partners with Tieto to launch virtual account platform for business
Companies will be able to digitally self-serve their clients’ accounts.
AI platform Talent Ticker launches in the UK market
Unifying data across sectors to help firms make decisions more efficiently.
HPS PowerCARD 2019: working together to tackle fraud
Why aren’t the banks collaborating or working together to combat fraud, should the regulator get involved?
First Direct invites customers to co-create new products
The launch of fdesign follows the introduction of peer-to-peer payments system fdpay in January.
UK insurtech gets corporate fit with legal toolkit
Tech Nation and UK Insurtech Board are looking to give firms an easier ride.
FCA urges end to exit fees on investment platforms
UK’s Financial Conduct Authority calls for feedback and more competition.
Barclaycard brings Alipay payments to UK retailers
To cater to the many Chinese Alipay users.
UK pressures tech titans to face competition
The nation’s rules must be updated for the digital age.
Open Banking one year on
Information Builders looks at how the initiative opened up new opportunities with data.
UK’s Nationwide analyses customer interactions with SAS
AI will look at how emails are managed at the building society.
Tide seeks £60m funding following RBS grant
UK challenger bank also plans more funding rounds in next couple of years.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
Lack of buyers puts an end to UK’s Raphaels Bank
One of the nation’s oldest banks is being wound down.
NatWest prepares biometric card pilot
The bank will trial fingerprint technology-enabled cards with Gemalto.
Starling Bank enters Moneyhub’s payment gateway
“The first challenger bank to support PSD2 PISP legislation.”
UK crypto consumers completely clueless
FCA reveals findings from first cryptoassets research.
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
