Forter raises $125m in Series E funding to secure $1.3bn valuation
Fraud prevention firm plans to build on its data network.
Europe
Sopra Steria ransomware attack costs group €50m
Sopra reveals details of Ryuk attack from October.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
Cynergy Bank taps Google and Wipro to launch new digital banking project
Cynergy says customer want a hybrid of digital and face-to-face.
How the pandemic reshaped an international project launch
Lessons in adaptability – how to manage a project in an innovation lab amid COVID-19.
Virgin Money profits dive 77% as it braces for bad loans
Before impairment charges, Virgin Money’s underlying profit stood at £625m.
Danske Bank deploys Windward AI to track risk at sea
Windward claims its AI uses 10 billion data points.
Danish digital bank Lunar picks FIS for treasury and risk
Lunar to deploy a cloud-based version of Ambut Quantum.
Square and Tencent lead €93m Satispay funding round
The Italian paytech firm has recorded “significant growth” in 2020
Advanzia Bank signs Backbase to power three new mobile apps
The new applications have gone live across France, Austria, and Spain.
Investing as magic discovered
A new investment app that aims to truly change the way you are used to thinking of things.
Deutsche Börse leads $15m round for sustainability start-up Clarity AI
“Our purpose is simple: to measure the impact of companies on our society and planet.”
On-demand payment innovation at the heart of digital “new normal”
The COVID-19 pandemic has delivered industry changes in rapid time.
TransferGo secures £4m from Silicon Valley Bank
The pre-Series C investment funds will be used to develop and expand its RTP platform.
Starling Bank claims to be UK’s first profitable challenger bank
CEO Anne Boden announced £800,000 profit in a company update.
New senior hires at core banking tech vendor 10x Future Technologies
Dr Leda Glyptis is new chief client officer and Mark Holt is chief product & engineering officer.
European Central Bank taps SIA and Colt to connect market infrastructure
SIA and Colt will help the ECB connect through the ESMIG single access interface.
FCA issues Lanistar warning as tech partners disavow connection
UK payments-as-a-service fintech Modulr is among them.
Latvian loan investment marketplace Mintos crowdfunds €6m
Mintos currently hosts 68 lending companies.
UK payments provider Modulr lands £9m investment from PayPal
PayPal thinks Modulr is “well-positioned to be an enabler”.
US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
UK challenger Monument partners with Mambu, AWS & Accenture
“Monument concluded that no appropriate single solution existed”.
Digital banking platforms – the new core
Banks that want to own their distribution should also have a strategy for DBP in place.
UK challenger Finndon lands e-money licence
The start-up plans to launch in 2021.
Monzo replaces chief risk officer Lisa Nowell
Nowell leaves after just over a year in her position.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
Former UniCredit execs launch Aidexa to service Italian SMEs
The bank aims to win over some of the seven million small businesses in Italy.
Japan’s SMBC invests $30m in OakNorth
The Japanese giant is also deploying OakNorth’s Credit Intelligence software.
Jumio discusses the importance of video-based identity verification
“With video, we can reduce onboarding time from days and hours to minutes.”
UK BaaS provider Griffin lands £6.5m to fund banking licence
Ex-Airbnb software engineer David Jarvis leads Griffin.
If consumers welcome new payment options, why are they slow to adopt them?
The world of payments continues to evolve, but are consumers evolving with it?
HSBC Private Banking loses global innovation head Diana Biggs
Biggs steps down from her role after three and a half years at HSBC.
Santander to pay €100m for Wirecard’s core European business
The deal means the bank can expand its payment solution across Europe, says Santander’s CEO.
Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume
Nexi is “uniquely positioned to catch further M&A opportunities”, says CFO.
United Fintech launches in UK and acquires NetDania
Danish fintech NetDania supplies forex and trading technology and data.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
What the Fintech? Episode 16 | Financial inclusion 2020
Nina Mohanty shares her research findings on financial inclusion around the most vulnerable people in our communities.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
Coconut searching for new CTO
Allistair Crossley leaves after three and a half years at the fintech.
Onfido appoints new chief executive as Husayn Kassai steps down
Mike Tuchen steps into the CEO role at the fintech.
