B2B BNPL platform Billie raises $100m in Series C round
Billie claims the funding round is the “world’s largest to date in the B2B BNPL market”.
Europe
Al Rayan Bank taps TruNarrative to cover KYC and onboarding
UK Islamic Bank seeks revamp to regulatory reporting as part of ongoing digital change.
Wesleyan Bank picks Sandstone to revamp digital channels
Birmingham-based bank has launched a new online portal for personal and SME customers.
Digital savings platform Chip adds FSCS protection with ClearBank partnership
Chip savings accounts are now covered by FSCS on deposits up to £85,000.
Updraft secures £72m investment in NatWest-led funding round
The financial wellness platform hopes to wean users away from high-interest borrowing.
UK neolender Proportunity raises £105m to expand workforce and boost loans
The ‘proptech’ utilises machine learning to reduce lending risk.
FCA launches education campaign targeting inexperienced investors
InvestSmart aims to address new investors driven by competition and influenced by hype.
Primer reaches $425m valuation following $50m Series B round
CEO Paul Anthony says funds will “supercharge” the company’s next phase of growth.
RTGS.global hires Mike Koss as new cybersecurity head
Koss joins from investment firm Rathbone Brothers.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
UK neobank Zopa raises $300m to fuel next phase of growth
The lending-focused challenger secured a UK banking licence last year.
Perfinal launches as new core banking vendor on the block in Europe
Hungary-based vendor promises to fully automate processes for clients.
Silver Lake to acquire 10% stake in Euroclear from ICE in $825m deal
The deal could be finalised by the middle of next year and is subject to regulatory approval.
Inclusive investment start-up Wealth8 partners WealthKernel to launch new app
Wealth8 to launch a new mobile investment app for black and multi-ethnic communities.
Swedish neobank Juni raises $52m in Series A extension to launch credit product
New product will give internet-first businesses access to short-term credit.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
Brazilian core banking firm Pismo lands $108m Series B from Amazon, SoftBank
Pismo plans to break into the US, Europe, and Asia in the coming years.
Danish neobank Lunar acquires payments platform Paylike
Lunar founder and CEO Ken Villum Klausen says payments will be “at the forefront of our next growth phase”.
GPS secures $300m investment to boost product development and global expansion
New financing follows an undisclosed investment from Visa last year.
FCA staff seek independent union following pay dispute
Trade union Unite says its numbers have swelled following “growing disenchantment” from FCA staff.
Monese appoints Revolut and JP Morgan veterans to leadership roles
Steve Tryner joins as CFO and fintech veteran Stephen Chang joins as VP of operations.
CBI: Collaborative open finance ecosystems for a market success story
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
UK contactless payment limit rises from £45 to £100
Some call for customer-set limits as contactless becomes more regular among users.
French fintech Swile lands $200m investment to drive Latin American expansion
Start-up also plans to release two new digital-led products.
Dear Luc: Why are people so divided about the £100 contactless limit?
The latest increase has been met with concern and confusion.
DNB Bank picks Fenergo to provide CLM solutions in multi-year project
Norwegian banking group plans revamp of currently manual processes.
Airbank picks Yapily to launch major bank API connections
Open banking infrastructure firm to help German cash management company connect users’ accounts.
Sibos 2021: BIAN releases upgraded digital core banking platform
The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.
New UK fintech Finova launches following BEP Systems acquisition
BEP will make up part of new banking solution provider formed by Norland Capital.
Sibos 2021: CBDCs important to future of industry, says SocGen CEO
Speaking at Sibos 2021, Frédéric Oudéa says CBDCs “might be more efficient than, and might replace, cash”.
Société Générale to cut 3,700 jobs, combine IT systems in Credit du Nord merger
French banking group plans to have 30% of its retail products sold online by 2025.
Nord/LB picks Planixs’ Realiti to revamp treasury and liquidity management
German commercial bank says it analysed the “full solution market” before making its choice.
Bank of Ireland closes 88 branches as digital shuffle continues
The Irish lender first announced its cuts to physical locations in March.
VoxSmart acquires speech recognition platform GreenKey
Firm aims to bolster its communications surveillance offering for financial institutions.
Deutsche Börse plans digitisation for German capital markets
German exchanges operator aims for 80% of all securities to be digital by end of 2022.
Raiffeisen Digital Bank picks Mambu to launch mobile lending service
Users can request loans of up to €22,000 in a “fully digital” system.
NatWest acquires child banking start-up RoosterMoney
Acquisition underlines strategy to help young people learn to manage money.
Santander spins out Getnet Brazil with plans to form “merchant acquiring franchise”
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
Darlington Building Society revamps onboarding with ieDigital solution
UK building society aims to switch up its front end as part of ongoing transformation.
NatWest pleads guilty to £365m money laundering failure
UK bank faces rare criminal proceedings in December.
