BNPL giant Klarna to cut 10% of workforce amid “tumultuous year”
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
Banking
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
Solarisbank appoints new CIO, CTO dual leadership team as firm scales
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability
The new software will enable consumers and small businesses to view their daily carbon footprint.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
Embedded banking models and the rise of Service-as-a-Bank (SaaB)
It’s high time that banks and credit unions stop seeing competition only as a threat.
Congratulations to the Banking Tech Awards USA 2022 winners!
Take a look at the 2022 Banking Tech Awards winners
FinTech Futures Jobs: Your fintech job might change in the future
Workplace policies of your employer might well be affecting how long you see yourself sticking around in your job.
Finovate Spring 2022: Starling CEO Anne Boden on what big banks can do better
Starling Bank CEO Anne Boden delivered a keynote speech at the Finovate Spring conference in San Francisco.
Programmable banking
We are fast approaching the time finally being right for programmable banking.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
Finovate Spring 2022: The changing landscape of financial services
Digital innovation is one of the key talking points at this year’s conference.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Neolender ThinCats taps cloud banking vendor Mambu as it looks to scale
ThinCats will leverage Mambu’s cloud banking solutions and its SaaS technology platform.
Now is not the time
Now is the only time. And every time you say ‘not now’ you make everything that little bit harder for your future self.
Mastercard partners Dreams for sustainable banking solutions
The two firms aim to develop digital banking solutions that will help banks tackle climate change.
Core banking vendor Thought Machine raises $160m Series D
Thought Machine’s valuation has doubled since its Series C in November last year, when it raised $200 million.
BforBank taps Temenos for Google Cloud-supported future expansion
BforBank is the fully digital banking offering from French international banking group Crédit Agricole.
Tide partners Sage to offer new tax and accounting product
Tide says its new offering will reduce the “time and stress of traditional accounting” for its customers.
Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State FCU will go live on Lumin Digital’s platform in June 2022.
Fintechs need to take the lead on mental health
Fintech firms cannot disregard the risk of poor mental health among their workforce as ‘just part of the role’.
White paper: Digital lending – how technology transforms banks
A step-by-step overview of digital lending transformation in banks, brought to you by HES FinTech and FinTech Futures.
Blockchain fintech Oasis Pro lands $27m Series A
The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.
Brazilian fintech Nomad raises $32m in Series B funding
Nomad previously raised a $20 million Series A round in July 2021.
Westpac partners 10x Banking on new platform for institutional clients
10x Banking will provide the core technology for the new venture.
NatWest Group fined £1.82m for overcharging credit card interchange fees
NatWest, RBS, Ulster Bank and Coutts incorrectly treated a number of cards as being ‘commercial’ cards.
Digital assets platform Elwood lands $70m Series A
The Series A cash will go towards expanding Elwood’s product offerings and global operations.
Santander uses in-house cloud tech to digitise core banking
Santander expects to fully complete the transition within the next two to three years.
Developing an inclusive culture in fintech
When you invite diversity into your organisation, you’re inviting innovation and creativity.
FinTech Futures: Top five stories of the week – 13 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Brazilian fintech Dock lands $110m growth funding at $1.5bn valuation
Dock says the new capital will turbocharge its product development and international expansion plans.
Vietnam’s Saigon-Hanoi Bank taps Temenos for digital upgrade
SHB will leverage Temenos’ open architecture to deliver personalised and AI-supported customer journeys.
FinTech Futures Jobs: Changing jobs can boost your bank balance as well as your career
Exciting open vacancies at Monzo, Hazy and Tandem Bank. Apply today!
Emotional connection in customer experience
Many digital financial services lack a “human heart”. And that should be something that worries the industry.
UK crypto payments and banking platform BVNK lands $40m Series A
BVNK’s CEO says the funds will allow the company to “expand our services, markets and operations”.
US Consumer Financial Protection Bureau fines Bank of America $10m for illegal garnishments
The CFPB alleges BofA unlawfully garnished at least 3,700 out-of-state accounts since August 2021.
UK government unveils new law to protect access to cash
Economic secretary to the Treasury John Glen says: “We know that access to cash is still vital for many people.”
Pakistan’s Systems Limited to acquire National Data Consultant
The deal will also see Systems Limited acquire NdcTech’s subsidiaries in the UAE and Singapore.
Mission can have a lower-case ‘m’
All business, no matter how young or small, operates in context. So think it through.
