bankingtech.com

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.

US credit builder Petal closes $125m debt facility

Petal has closed $440 million in debt and raised $100 million in equity.

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.

US Federal Reserve’s payment system down for more than three hours

Both Fedwire and FedDACH went down this week, and remained so for a few hours.

Bank of England governor brands EU relocation wishes a “very serious escalation”

The EU granted the UK temporary equivalence last September for derivatives clearing.

What the Fintech? | S.2 Episode 5 | Rising to the top

Featuring Alexandra Boyle, head of strategic client group for Europe at ‎OpenFin.

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.

India’s central bank to stop digital platforms from storing card details

It will affect players as large as Amazon, Google, and Flipkart.

Subway standardises its payments over all 42,500 restaurants globally

Subway claims it is one of the first in North America to standardise payments on this scale.

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.

Western Alliance Bank splashes $1bn on mortgage firm AmeriHome

Arizona bank diversifies its book by branching into mortgages.

US fintech for gamers Zytara signs payments partnership with i2c

The deal follows Zytara’s launching of its own stablecoin.

Tyme lands $110m in Series B funding, plans Asia-Pacific expansion

TymeBank looks to expand beyond its South African headquarters.

ACI and Mastercard partner to provide Peruvian real-time payments

Peruvian clearing house CCE is deploying a collection of systems from the two companies.

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.

US corporate card provider Brex applies for banking licence in Utah

SVB's former chief digital officer Bruce Wallace will head up Brex Bank.

UK chancellor’s new visa scheme to attract fintech talent post-Brexit

Sunak wants to prioritise the UK’s £7 billion fintech sector.

AI fintech Earnix becomes Israel’s latest unicorn with “pre-IPO” round

The fintech's $75 million raise marks its first funding round since 2017.

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.

Bank of Queensland splashes $1bn to challenge Big Four with ME Bank purchase

Australian lender seeks to make up ground on country’s largest lender.

Alpha Bank finalises €10.8bn loan portfolio sale

US fund Davidson Kempner takes on largest portfolio sale of its kind in Greece.

Barclays to close Pingit after 10 years’ service

Long-serving payments app to be shut down by major UK bank.

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Analysis

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.

26th February 2021

The big fight: banking vs technology companies

In over 30-years of banking, I have never seen a more complex and competitive landscape as there is now.

26th February 2021

Banking Tech Awards 2020 Winner: AFS – COVID-19 Response by Fintech

An innovative approach to urgently find solution to accommodate the US government’s Payroll Protection Program.

26th February 2021

You called me

How a company treats you through the recruitment process tells you everything you need to know about its culture.

25th February 2021

Interviews

What did the GameStop saga expose about UK trading regulation?

FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.

24th February 2021

A seven-year-old tells us what we (should) already know about banking

Your customers aren’t seven-year-olds, but they probably want a lot of the same things.

24th February 2021

The operational imperative for intraday liquidity management

Intraday liquidity management is not a regulatory tick-box but a vital part of banks' business as usual operations.

24th February 2021

Banking Tech Awards 2020 Winner: BTB – Best Use of IT in Private Banking/Wealth Management

BTB's business model has brought annual average returns of 7% in the last seven years with low defaults.

24th February 2021

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.

23rd February 2021

Oraan CEO: Women in finance weren’t welcomed in Pakistan

Oraan’s research found that savings – particularly for women – just wasn’t tapped into.

22nd February 2021

Interviews

UK Black-owned challenger Atmen to launch in March

The start-up is now looking to raise £5 million from institutional investors.

22nd February 2021

Interviews

Banking Tech Awards 2020 Winner: UBS – Best Use of Cloud

How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic.

22nd February 2021

B2B financial software marketplaces: the bridge to market transformation

B2B financial software marketplaces connect players across the breadth of an industry.

22nd February 2021

Learning to safeguard vulnerable customers in a digital world

What’s needed is an industry-wide effort to stamp out poor practice and make services inclusive.

19th February 2021

FinTech Futures presents Dock – a virtual roundtable experience

Take part in Dock on 18-19 May to discuss the industry’s pertinent problems and find the solutions.

18th February 2021

One size fits all

Whatever your reasons for tolerating bad behaviour, that defines you. More than anything else.

18th February 2021

Three things banks must do to thrive in 2021

It is the banks who invest now and execute effectively, that will come out on top.

17th February 2021

The US market: are EU-based challengers coming to rustle up some feathers?

A deep dive and step-by-step comparison of US banks' and EU challengers' capabilities.

16th February 2021

Introducing “it’s a matter of comms”

Welcome to #itsamatterofcomms! A new bi-weekly vlog!

16th February 2021