Church of England considers Wonga buyout
People who say they have morals could be coming to fintech.
UK
UK’s Nationwide targets £4.1bn tech investment
Adds another £1.3 billion to its five-year plan.
What customers can expect from Wonga going into administration
It is unlikely that the firm will disappear like Woolworths and Blockbuster.
Refurbishment finance most popular use for bridging finance in Q2
Refurbishment finance reached a peak of 34% of all bridging loan activity in Q2.
Yolt cosies up to Anorak’s life insurance advice
Anorak follows in the path of Runpath and Moneytis.
Klarna settles into UK with CBRF purchase
Close Brothers Retail Finance comes with a loan book of £66m and 600 merchant clients.
Top fintech stories this week – 14 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
What supply chain finance tells us about Liam Fox’s post-Brexit export strategy
The launch of the UK Government’s Export Strategy to boost British business is very welcome.
250 ATMs closed monthly in the UK
A report by Link reveals “alarming” closure numbers.
Sociable payments start-up B-Social boots up in UK
“Avoid those awkward moments with just a few taps.”
UK mobile money manager Zeux thunders into view
The sky parts as a new firm aspires to be a fintech god.
Sovereign Capital takes control of Asset Control
UK private equity firm invests in financial data management solutions provider.
Qudini on cue for NatWest’s cute queue service
UK bank piloting new queuing and appointment booking software.
Barclays opens up mobile banking app to rival accounts
“First” UK bank to allow customers to bring their other current accounts into app.
Monese enables Google Pay with PrePay Solutions
About time for a mobile-only bank.
Fraud detector Ravelin reels in £8m funding
Series B round led by BlackFin Capital Partners.
Bezos and Gates back Wagestream’s £4.5m funding round
Start-up launches “get-paid-as-you-go” service in UK.
Makers Academy: training the coders of the future
Championing a holistic approach to learning.
Unisys on hand for Sutherland’s UK mortgage tech platform
It’s a five-year, seven-figure deal.
OBIE freshens up open banking standards
Version 3.0 covers all products with payment capabilities.
UK banks battle to deal with British Airways data breach
Tweets and action fly in fallout from banking and payment data theft.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Financial crime fighters unleash intelligence sharing platform in UK
Acronyms assemble! PIMFA and FCI launch PIMFA-AECIS platform.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wonga goes bust
It’s now official. UK payday lender enters administration.
Starling targets underage demographic for accounts
Following Monese, Starling launches accounts for 16 and 17-year olds.
