Former HSBC boss to head up UK green infrastructure bank
The state-owned policy bank aims to level up UK infrastructure through targeted green investments.
Europe
Mambu takes the Cake with new digital banking deal
Cloud core banking vendor wins deal with new Vietnamese digital bank Cake.
IKEA parent company Ingka Group invests $22.5m in BNPL fintech Jifiti
The minority stake investment will expand IKEA’s financing offering in-store and online.
Divido CEO steps back after seven years at the helm
Christer Holloman departs to take up advisor role.
Prosus underlines Indian objectives with $4.7bn deal for BillDesk
Dutch e-commerce firm spends big to deepen footprint in India.
API fintech Alpaca secures $50m in funding
The stock brokerage platform also announced a new crypto offering and a partnership with Plaid.
Signicat acquires e-signature firm Dokobit
The deal is Signicat’s third acquisition this year and fourth in two years.
German fintech elopage nets $38m in Series A round to expand SaaS platform
The round marks the bootstrapped company’s first venture capital raise.
Aspiring challenger bank W1TTY receives UK EMI licence
The firm’s smart finance app will launch in the UK early next year.
Russian digital bank Tinkoff plans Philippine expansion
Reports suggest the move is part of a wider strategy to enter the Asian market.
FCA says crypto exchange Binance is “not capable” of supervision
UK regulator issued a now-revealed warning to Binance in June.
Currencycloud hires Mark Ledsham as new COO and 10x’s Neil Drennan as CTO
Currencycloud adds some new faces to its C-suite.
PayPal launches UK crypto service
It is the first international expansion of the service outside the US.
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
What the Fintech? | S.2 Episode 16 | Waking up on the right side of embedded
Louisa Murray, COO for UK and Europe at Railsbank, joins us on this latest episode of the podcast.
LexisNexis acquires onboarding and risk platform TruNarrative
TruNarrative will join LexisNexis’ business solutions group.
SME-focused Bank North granted UK banking licence
Bank North aims to support businesses through its cloud banking technology.
New UK fintech Peach aims to help customers track their financial lives
Peach is currently in a beta phase with a waiting list ahead of its full launch.
Blockchain start-up XREX lands $17m funding to expand global footprint
The fintech’s global investors include major banks and venture capital firms.
Paysafe agrees deal to acquire German digital payments firm viafintech
It is Paysafe’s third acquisition in the last month, following deals for SafetyPay and PagoEfectivo.
WorldRemit Group rebrands as Zepz, raises $292m Series E funding
The London-based company says the new injection takes its valuation up to $5 billion.
German fintech Moss lands $29m funding in Series A extension
Start-up claims the latest injection boosts its valuation up to $264 million.
Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
Family finance start-up Hapi launches investment app for parents
Parents can open a junior stocks and shares ISA or general investment account.
CloudPay secures $58m investment to expand payroll solutions
CloudPay aims to consolidate employee pay processes through a single platform.
Bitpanda valued at $4.1bn after $263m Series C raise
Austrian firm has now raised around $546 million in total funding.
Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Boku launches mobile payments network M1ST
Firm aims to make mobile payment acceptance easier for merchants.
UK challenger Kroo lands licence to build social bank
Kroo, formerly B-Social, plans a full launch in 2022.
LendInvest signs partnership with HSBC and Barclays worth £150m
Property finance firm continues growth with new collab deal.
LHV UK appoints three new execs to support UK banking push
Gary Sher, Assad Kazi and Rebecca Wright join as CFO, CRO and CPO, respectively.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Change at the top for SimCorp as Christian Kromann appointed new CEO
Kromann takes over from incumbent Klaus Holse, who held the role for nine years.
Abrdn acquires wealth management platform Exo Investing from Nucoro
Edinburgh-based investment firm plans to offer a 24/7 digital wealth management app.
British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
GC Partners to boost Asian payments network with Nium collaboration
UK firm looks to strengthen its payment services offering in major Asian markets.
Triodos Bank UK partners SurePay to deploy Confirmation of Payee solution
Triodos says it chose to partner with SurePay due to its “best-in-class” platform.
BNPL firm Zilch sets up US expansion with NepFin acquisition
The acquisition of the American firm will give Zilch a foothold in the US market.
Dutch challenger Bunq hires Jon Fath as new COO
Fath joins from AI logistics firm Transmetrics, where he worked as CEO.
