Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Europe
Croí Laighean Credit Union signs for Temenos SaaS platform
Temenos wins another Irish credit union for Community Banking platform.
UK chancellor to reveal £22bn infrastructure bank in 2021 Budget
The bank will offer loans to local authorities at lower rates to support new projects.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
Orenda plans BaaS shake-up with heavyweight banking execs at helm
Orenda says it’s as much as an “eighth” of the price of its competitors.
Supporting business leaders during COVID-19
Pressures have taken a toll on businesses and the mental health of their leaders.
Atom Bank plans £40m shareholder fundraise in prep for future IPO
The bank has raised £429 million to date from eight funding rounds.
Former international footballer Rio Ferdinand invests in Sokin
Ferdinand joins as a shareholder in the cross-border currency firm.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
FCA boosts data strategy with new executive hires
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
Kalifa report says UK’s fintech crown at risk from waiting competitors
To mitigate the risks posed to UK fintechs, the report lists a number of recommendations.
Lloyds spends big on tech projects as profits slump 72%
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
Pension builder Vantik signs card partnership with Mastercard
German fintech to issue new debit card for users in 2021.
Bank of England governor brands EU relocation wishes a “very serious escalation”
The EU granted the UK temporary equivalence last September for derivatives clearing.
Report: The power of data analytics in fintech solutions
A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.
Landmark pan-European payment system EPI calls on fintechs for build phase
European payment giants Worldline and Nets became shareholders in the EPI last year.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
Penta Bank raises €7.5m in extended Series B funding round
German challenger bank brings total raised this round to €30 million.
Moneycorp hires Barclays exec Tarashev as new CFO
His final role at the UK bank was as CFO of its private banking operations.
BBVA deploys Google Cloud security analytics platform
Spanish bank is first in Europe to implement Google Cloud’s Chronicle
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
UK chancellor’s new visa scheme to attract fintech talent post-Brexit
Sunak wants to prioritise the UK’s £7 billion fintech sector.
Russian challenger Tinkoff launches “one-stop shop” checkout product
“Some of our services can be activated within a day.”
TransferWise rebrands as Wise to push platform capabilities
It’s dropping the first part of its name in a bid to underpin its expansion as a platform player.
Aviva breaks into cash savings market with help of German fintech Raisin
Savings accounts via partner banks offer interest rates of up to 0.64% AER.
Alpha Bank finalises €10.8bn loan portfolio sale
US fund Davidson Kempner takes on largest portfolio sale of its kind in Greece.
The dawn of central bank digital currencies: will they take over the cash?
The ECB plans to announce whether it will launch the project in the middle of 2021.
Fintech funding deals globally 15-21 February 2021
Featuring Public, Webull, Blockchain, GoCardless, and Personetics.
Fintech funding round-up: SeedFi, Libeo, Ember and Finch Capital
A round-up of some of the recent investments in fintech, paytech and tax tech firms.
Vanquis signs credit building partnership with Loqbox
Loqbox to help Vanquis customers unable to get credit cards.
Capital Group hires Marta Zarraga as new CIO
Zarraga has 25 years of industry experience at firms like Aviva, Vodafone and BT.
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
ICYMI funding round-up: FlexxPay, Raqamyah, and JustUs
A trio of funding rounds that may have passed you by last week.
Newly licensed UK bank Cashplus is raising £50m
It intends to raise the funds from growth investment firms.
Manchester Credit Union signs payments deal with ClearBank
ClearBank and incuto give credit union access to Faster Payments.
Low-code fintech OutSystems bags $9.5bn valuation in $150m raise
It claims to tackle the shortage of developers across 22 industries.
