Memo Bank launches business offering and lands €20m
The funding round was led by Paris-based BlackFin Capital Partners.
Europe
Samsung chooses Curve to power its new Samsung Pay Card in UK
This is a one of a kind partnership for Curve and Samsung.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
Santander’s Asto offers loans to SMEs on Funding Options
The bank joins a roster of more than 200 lenders.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
Wirecard’s former CEO Markus Braun arrested
Munich police say a criminal investigation into Wirecard has been launched.
Emrys La Carte picks FSS Technologies for card issuance
French cooperative to replace paper-based system.
FCA prepares shift to new data collection platform RegData
This is in response to industry feedback about the Gabriel system over the past three years.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Welsh government invests £250,000 in 10-year fintech roadmap
The country wants to create the “right conditions” for fintechs grow.
Intesa Sanpaolo pushes for UBI Banca acquisition
The verdict next month will reveal if the acquisition can go ahead.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
UK challenger Picnic Bank to address ‘fintech for good’
The start-up is looking to raise £5.5 million.
Thought Machine taps Cognizant for new managing director
Mark Vasey joins core banking company from consulting firm.
FCA appoints LSE chief Nkihil Rathi as new CEO
Chancellor Rishi Sunak called Rathi “the outstanding candidate”.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Clearhaus provides payment rails for PaynoPain
Both firms entered the market in 2011 to bring APIs to payments.
Diebold Nixdorf extends transformation project with Accenture
DN aims to “unlock” more than $50 million by 2023.
ING names Steven van Rijswijk as new CEO
The Dutch bank finds its replacement for Ralph Hamers.
Checkout.com lands $5.5bn valuation, looks to US listing
The firm has landed a $150 million Series B funding round it began in May.
Two founders turned bankruptcy into growth
The start-up landed a €2.5m seed investment this year from Paris-based investor BlackFin.
Banking on the cloud in the face of COVID-19 and beyond
How is it already aiding savvy banks and their fintech counterparts?
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Europe battles on with digital tax plans despite US walk out
Almost 140 countries are part of the talks to bring in a digital tax.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Bank of England adds another £100bn to combat COVID-19 economic crisis
Sterling sank against the dollar and euro on Thursday, falling more than 1% following the announcement.
Wirecard shares plummet as it announces €1.9bn of missing cash
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Vermiculus launches trading and clearing systems tech
The Swedish company has also appointed Taraneh Derayati as its chief executive officer.
Commerzbank fined £37.8m by FCA for AML failings
The London branch of the bank dragged up for issues between 2012 and 2017.
Partnering is a solution to the regulatory “new normal”
FinTech Futures speaks to James Buckley, vice-president and Europe director for Infosys Finacle.
Banking is moving to a dual core
I’m not saying that digital transformation is just a case of implementing a DBP.
UK regulator probes Visa’s acquisition of Plaid
The UK’s CMA is looking into potential anti-competitive implications.
UK court rules against Mastercard and Visa on interchange fees
CMSPI estimates maximum pay-out for UK merchants to be roughly £15.2bn.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
UK fintech consultancy 11:FS cuts 12% of workforce
Out of its roughly 183 employees, 22 will be leaving the company.
Transfergo raises $10m, expands into 11 new markets
Remittance firm claims uptake in growth during COVID-19 pandemic.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
Caixa Geral de Depósitos plans treasury revamp with Finastra
Portuguese lender picks a handful of Finastra systems.
Santander’s PagoFX rolls out business offering and adds more currencies
Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.
