Five predictions for the future of payments
From moving away from cash to points of sale and self-checkout on mobile.
Europe
What the Fintech? Episode 11 | Financial inclusivity in Russia
The CEO of Yandex Money talks about financial inclusivity in Russia.
Currencycloud signs up Starling Bank for new multi-currency account
TranSwap, and Remitr have also signed up for its new multi-currency wallet.
Russia’s Sberbank mulls over own stablecoin
It would operate under Russia’s new cryptocurrency law.
Russian neobank Tinkoff launches charity cashback tool
Users could already make donations manually via the app.
N26 outed for 2019 data breach, employees ask for works council
Around 300 of N26’s 1,500 employees should have access to unencrypted data.
FCA posts concerns over repeat lending by credit firms
UK watchdog highlights issue with letting users borrow again and again.
Starling Bank losses doubled to £52m
The company hired hundreds of employees and focused on attracting new customers.
UK challenger sync. reveals £5.5m seed round
The fintech was forced to delay launch due to COVID-19.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
CMA blocks FNZ-GBST merger over competition concerns
UK regulator worried merger may prevent new entrants scaling up in the UK.
Automated accounting firm Candis raises €12m in Series B funding
Candis plans to use its new funds to expand within Europe.
Greek fintech Viva Wallet officially becomes a bank
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
UK leads the way in Islamic fintech ahead of Malaysia and UAE
The UK is a notable eight ahead of second-place Malaysia.
Money20/20 finally calls off Europe and US shows
It specifically cites the friction with regards to travel and COVID-19 developments.
Spanish challenger Bnext lands another €11m
The new capital adds to its already closed €22.5 million last October.
EPA critiques FCA approach to Wirecard suspension
The EPA says the FCA should have reached out to it.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Sokin picks Jumio to power customer authentication
Payments start-up praises Jumio technology.
London’s start-up co-working space TechHub goes bust
Founder Elizabeth Varley puts the business’ collapse down to COVID-19.
Thought Machine taps US market with North America MD job search
Cloud adoption in North America amongst major banks is still in its infancy.
Iwoca calls on banks and UK government to extend CBILS
The fintech has raised £100m in debt financing to extend its own support.
Timing is everything: launching a bank amid COVID-19
“We never planned to launch a bank during a global pandemic,” says the CEO of Monument.
Siepe closes series A funding led by HNW individuals
It will use the proceeds to expand its cloud-based Software-as-a-Service.
Finndon commits £2m investment towards FCA authorisation
The challenger aims to launch in the first quarter of 2021.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
LSE considers sale of Borsa Italiana to appease regulators
LSE exploring options to push through $27 billion acquisition.
Bank of England picks Accenture as RTGS renewal partner
Accenture comes out on top of a public procurement process.
Moneyfarm partners with Fabrick to expand open banking offerings
The pair plan to create a joint offering for customers in Italy and the UK.
Metro Bank signs tech partnership deal with Wipro
Wipro plans a “transformation” on Metro Bank’s testing.
What’s new Quotevine? Tom Jones joins as COO
Jones was previously Sopra Banking Software’s CTO.
Four lessons we can learn from the biggest financial technology scandals
From Wirecard and Enron to Bernie Madoff and Parmalat.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
ComplyAdvantage raises $50m in Series C funding
The new capital will be put towards international expansion.
Goldman Sachs signs multi-year deal with Publicis Sapient
The consultancy firm is both a client and partner for new Goldman platform.
HSBC plans to double Black staff in senior positions by 2025
It does not mention what proportion of the bank’s current senior team are Black.
Irish fintech CreditLogic raises €2.4m in seed funding
Lending firm to put new cash towards product development.
OpenWrks lands government deal as digital affordability provider
The government wants to digitise more of its debt advice service.
UK fintech Beanstalk launches JISAs for parents with just £5 to invest
The start-up was co-founded by former Capital One employees.
