UK’s Metro Bank hit by SS7 attack
Known telecommunications vulnerability exploited to target bank accounts.
UK
Nixon knocks PSR job on the head
MD to leave the UK’s Payment Systems Regulator in April.
TSB hit by £105m loss after IT woes
“Last year was TSB’s most challenging year.”
Banking Technology February 2019 issue out now
Superstructures: fintech reaches new heights.
School’s in with NatWest data academy
UK bank aims to train 1,000 workers in its first year.
Amex throws Curve a curveball
American Express blocks customers from adding Amex cards to Curve.
Envestors entices start-ups with crowdfunding control
UK firm launches standalone equity crowdfunding platform.
Personal finance app Fintify gets FCA approval
Can now operate as a registered account information service provider.
Cross River and Railsbank create transatlantic API action
Banking on both sides of the Atlantic through a single API.
Revolut meets its perfect ClauseMatch
The fintech is upping its regulatory game.
Monzo prepares digital receipts with Flux
As the challenger finds fintech partners for its marketplace.
Video: fintech news weekly round-up – 28 January 2019
Featuring LatAm, ING, Alipay and Square.
First Direct unleashes social media payments
Today is fdpay day as peer to peer payments are on the way.
Anti-fraud firm Featurespace gets £25m funding
To develop its AI capabilities.
Lendtech Pepper Money looks for UK banking licence
Its ambitions are nothing to be sneezed at.
Mastercard trumps Visa with £233m offer for Earthport
Visa had made a £198 million offer earlier.
Gamblers win with Experian affordability check
Can your customers afford to gamble?
UK payments regulator back with card-acquiring services review
PSR sets the final terms of reference for the final stage.
Banking Competition Remedies back for seconds
Second Incentivised Switching Scheme application window to open in June.
Shares plummet as Metro Bank misses profit target
That said, the profit before tax of £50 million is much better than 2017.
Growth Street gets £7.5m funding to grow lendtech business
Round led by Merian Chrysalis Investment.
Job losses loom as Santander closes 140 UK branches
Up to 1,270 staff could be affected by this wave of closures.
FCA answers calls for cryptoasset clarity
UK’s Financial Conduct Authority goes consulting again.
MoneeMint picks Codebase for core banking
Utilising the funding it received in October 2018.
Lloyds to cut costs with Thought Machine platform move
Bank wants to transfer data to new core system – and job cuts also loom large.
BioCatch joins anti-vishing fight
WTF is vishing? It’s a type of authorised push payment (APP) fraud.
Wahey! Record payment volumes for Pay.UK
UK authority says automated payments hit an all-time high in 2018.
Nutmeg gets £45m support led by Goldman Sachs
And from previous investor Convoy, as it eyes Hong Kong expansion.
BNP Paribas Personal Finance in automotive drive with DealTrak
Presses accelerator on its UK sector ambitions.
BlueCove signs up for Patronas compliance tech
The asset management firm is installing the OPUS system.
FNZ takes minority stake in Embark
FNZ and Embark also extend their tech partnership until 2028.
Barclays and Santander join £56m funding in MarketInvoice
UK-based SME lender plans fintech-bank partnerships.
FutureFlow and Anorak join Fintech Innovation Lab London
In total, 20 start-ups get selected… and get happy.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Goldman Sachs fuels SME finance provider Capify with £75m funding
UK company gets boost for its expansion ambitions.
UK challenger bank Tandem eyes IPO
Digital bank also reveals major recruitment plans in 2019.
BBVA name dropped in Atom Bank takeover talks
UK challenger in talks to appoint advisers to its board on options for the business.
Bank Leumi UK opts for Volante’s open banking solution
Selects VolPay to implement PSD2 compliance.
Tide rides with ClearBank on UK SME banking market hunt
Looking for action and funds from £775 million RBS Alternative Remedies Package.
AccessPay gets £9m investment for wealthtech connections
As leading investor Beringea looks for investments in north of UK.
