Digital wallet OneFor partners Moorwand to launch European remittance service
The partnership will boost financial inclusion for the bloc’s diaspora communities.
Europe
New UK banking hopeful Tryllian targeting 150m member figure
New bank is applying for an electronic money licence in the UK.
Curve reports widening operating losses despite revenue growth in 2020
The banking platform suffered from the high costs of doing business during the pandemic.
Software firm Sage acquires fintech start-up GoProposal
Acquisition will support accountancy practices through ongoing UK tax digitisation strategy.
Regulate or ban: EU’s proposed AI credit scoring framework hears feedback
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
Cross-border payments fintech TransferGo lands $50m Series C funding
The London-based fintech has ambitions to go public within the next five years.
Surfboard Payments launches Surfpay to turn smartphones into payment terminals
Swedish payments company aims to help small businesses transact easier.
NatWest chair warns against “gambling” with cryptocurrency
Sir Howard Davies says the “damned stuff” should be banned.
N26 pays €4.25m fine for money laundering failures
German digital bank hit with fine by country’s financial regulator.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
EBF head calls for EU banking regulation reform to compete with US
Santander’s Ana Botín also calls for further banking integration across the bloc.
Sopra Banking Software acquires asset risk management provider Luminosity
Sopra says the acquisition will complement its software financing platform.
Raiffeisen Switzerland selects Backbase to power new digital interface
Swiss collective bank aiming to change the way it engages with users.
Swan raises €16m Series A to accelerate European expansion
The BaaS platform wants to democratise access to banking services.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
Apple Pay contactless exploit allows unauthorised payments from Visa cards
Researchers from UK universities found up to £1,000 can be siphoned from a user’s cards.
JP Morgan’s new UK bank Chase picks 10x for core banking operations
10x Future Technologies is a “foundational partner” for the new digital bank.
Swiss crypto institution SEBA Bank granted collective investment scheme licence
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
BNY Mellon invests in data firm Quantexa Technology
Two BNY execs join the Quantexa board as US bank joins Series D.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
Coventry Building Society seeks first chief data officer
The savings and mortgage lender has more than 2,700 employees and 1.8 million members.
Nationwide searches for new chief executive as Garner steps down
The building society is looking internally for new candidates.
PrimaryBid names City veteran Donald Brydon as first chair
Brydon will step down as chairman of financial software company Sage on 30 September.
Marcus chairman Harit Talwar set to retire in October
Talwar leaves his role after six years and the launch of his consumer project.
Exclusive: Santander’s PagoNxt to discontinue PagoFX app to refocus on trade services
Users will no longer be able to use the service to send payments after 30 November.
Prodigy Finance lands $750m funding to expand into new markets
New funds will allow Prodigy to assist students from previously excluded countries.
Western Union taps Salt Edge for European digital bank pilot
Salt Edge’s software will ensure the firm’s upcoming digital banking pilot is PSD2 compliant.
Temenos, Vodeno and Aion partner to push European BaaS adoption
‘Strategic alliance’ will enable firms to integrate financial services into their products.
Barclays hires payments veteran Antony Stephen to boost BNPL solution
Stephen joins from Amazon and will work on scaling Barclays’ BNPL platform.
Paytech Recharge eyes global expansion after $35m investment
The Series B round culminated in one of the largest investments into a Dutch startup in 2021.
How Northern Ireland is helping to build a cyber-secure future
Northern Ireland has nurtured a small cluster of native businesses into a global centre of cybersecurity excellence.
Open Banking Expo reunites Open Banking and Open Finance ecosystem after 18 months apart
A global community of Open Banking and Open Finance executives will come together on 4 November in London.
MarketFinance lands £280m and COVID recovery approval
Business fintech MarketFinance says it is ready to support UK pandemic recovery efforts.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
SME bank Recognise given green light by UK regulator
The new bank can now start offering personal savings accounts and business loans.
Thought Machine wins major core banking deal with JP Morgan Chase
UK-based core banking vendor continues US expansion.
Monese moves into digital banking with Investec
The new partnership will see the international bank begin to offer digital banking services to UK customers.
UK community lender Barrow & District Credit Union goes bust
Local savings provider with 1,200 members falls into administration.
London gains new unicorn as TrueLayer raises $130m in Series E round
Open banking payments firm raises largest round yet from Tiger Global Management and Stripe.
