Raisin migrates its UK platform to ClearBank
ClearBank will offer Raisin customers access to faster payments and other services via its embedded banking platform.
Europe
Hodge appoints Tim Thompson as new chief information officer
Thompson joins from Cumberland Building Society, where he served as head of technology.
Coremont names Balaji Krishnamurthy as new CTO
Krishnamurthy most recently served as a managing director at JP Morgan Chase.
Ashman selects nCino to power its real estate lending solution
The UK challenger will deploy nCino’s cloud-based Bank Operating System.
Starling Bank tops 2,000 employees, opens new London office
The challenger plans to expand its workforce by another 10% by the end of the year.
European Commission aims to speed up the rollout of instant payments across the EU
Proposal aims to “ensure that instant payments in euros are affordable, secure, and processed without hindrance”.
Credit Suisse to cut 9,000 jobs, raise $4bn in capital as part of new transformation plan
CEO Ulrich Körner says the restructuring is a “historic moment for Credit Suisse”.
CloudPay secures $50m to support development of payroll offering
The firm boasts “high double-digit growth” year-on-year and is projecting revenue growth of around 40% for 2022.
Financial super-app Curve partners Salt Edge for open banking compliance
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
Nottingham Building Society hires first chief technology and transformation officer
Paul Howley joins from Yorkshire Building Society, where he was interim chief operating officer.
Wise lands £300m debt facility to fuel growth plans
The syndicated debt facility was led by Silicon Valley Bank UK with six other banks also participating.
Target Group hires compliance veteran Kathy Griffin as chief risk officer
Griffin joins from UK challenger Monzo, where she held the position of director of compliance.
Danish investment bank Saxo taps Baffle for global data encryption solution
The bank will integrate Baffle’s Data Protection Services platform.
Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
Danske Bank UK appoints Martin Stewart as new board chair
Stewart will replace current chair Gerald Gregory, who will leave the bank after nine years on the board.
Dutch fintech start-up Floryn lands €65m from NatWest
Floryn claims it has provided more than €650 million in financing since inception.
Moneyhub lands £40m investment from Legal & General, Lloyds and Shawbrook
Legal & General and Lloyds will both take minority stakes in the business.
HSBC names Georges Elhedery as new group CFO
Elhedery will take on his new role from 1 January 2023, replacing Ewen Stevenson.
Raiffeisen Centrobank partners Marqeta for digital banking products
Customers will be able to access accounts via a mobile app, make contactless payments and track spending.
UK lender Fluro hires new CTO and data science head
Fluro’s new CTO Jason de Carvalho joins from online supermarket Ocado.
Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
NatWest adds three new payment providers to VRP roster
Token, Tink and Yapily will now be able to offer VRP as a new payment option.
Pay.UK exec Simon Lyons joins obconnect as chief strategy officer
Simon Lyons has left Pay.UK to join open banking company obconnect as its CSO.
Atom Bank appoints new CFO, Andrew Marshall
Marshall replaces previous CFO and co-founder David McCarthy, who is leaving the firm for personal reasons.
New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
German challenger N26 partners Bitpanda to offer crypto trading services
The partnership will enable N26 customers to buy and sell almost 200 cryptocurrencies.
UBS strengthens cloud partnership with Microsoft
The bank intends to host more than 50% of its applications on Microsoft Azure.
NatWest and Vodeno Group partner up to start BaaS business
The partnership will leverage Vodeno’s BaaS technology and NatWest’s banking technology and UK banking licenses.
Lloyds Bank partners Billhop for B2B payments
The bank’s corporate clients will now be able to pay any invoice using a Lloyds Commercial Card.
Santander partners VC firm Forgepoint for new cybersecurity investment company
The bank is expecting to invest up to €300m in the strategic partnership.
Capital on Tap secures £100m credit facility to support SMEs
The facility will be used to build out a central finance hub for small business owners in the UK and US.
Crowdz to integrate open banking-powered payments with GoCardless partnership
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
QUBE Events gathers world-leading payments & regtech experts in Cyprus
The 12th NextGen Payments & RegTech Forum is taking place on 2-3 November in Cyprus.
Temenos cuts 2022 guidance, CRO leaves after just seven months
CRO Erich Gerber, who only joined the company in March, has left the business “effective immediately”.
Gatehouse Bank handed £1.5m fine by FCA over “poor” AML checks
Gatehouse Bank agreed to settle early, which led to a 30% reduction to the original penalty of £2.2 million.
Digital challenger Bunq wins “landmark” case against Dutch Central Bank
The firm took the DNB to court earlier this year over the use of AI/ML technology for AML checks.
Funding Circle names Greig McEwan as new CTO
McEwan most recently served as CTO at European freight-forwarding firm Sennder.
Cleo names Anita Woods as new VP of product
In her new role, Woods will be responsible for leading Cleo’s product strategy.
B4B Payments at Money20/20 USA: globalising US fintechs for European issuing and payment expansion
B4B Payments will showcase its instant card issuing and payments innovation platform at Money20/20 USA.
Tink and Snoop team up to help UK customers navigate cost-of-living crisis
“This partnership is designed to help everyone get on top of their finances,” the two firms say.
