FinTech Futures: Top five news stories of the week – 15 March 2024
Our pick of the top fintech news stories this week includes the US Federal Reserve, Starling Bank and more.
News, intelligence and resources on the global fintech industry including topics such as challenger banks.
Our pick of the top fintech news stories this week includes the US Federal Reserve, Starling Bank and more.
Raman Bhatia will assume the position “in early summer”, subject to regulatory approval.
Consumers and business users have been informed that their accounts will be closed on 29 March.
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
Vytautas Danta, CCO and deputy CEO of Revolut’s European entity, discusses the fintech’s remarkable rise.
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Anjum’s joins directly from the Glory Group, where he served as innovation programme director.
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
The round was led by Alphabet’s independent growth fund, CapitalG.
Weston left the UK bank in December 2015 to found the now-defunct Aussie challenger Volt Bank.
A new cartoon illustrating the dominate position of incumbents in the financial services industry.
Banks are facing a myriad of challenges, from transformative technological shifts to increasing competition.
Sismey-Durrant replaces Mike Kirsopp, who has left the company to return to an executive career.
Rhee Eun-mi joins from DGB Daegu Bank, where she has been serving as CFO and managing director.
Raqami was granted in-principle approval to operate digital financial services in the country last year.
Bayliss succeeds Joseph Healy, who is stepping down after a seven-year tenure as CEO.
Lithuania is making its presence known in Europe’s burgeoning fintech scene.
UNOAsia will use the funding to strike profitability for UNO Digital Bank in the Philippines.
The deal could be worth between $30 million and $50 million, according to media reports.
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Greenlite’s tech will enable the bank to streamline manual data aggregation and client risk assessments.
The implementation builds on an agreement previously announced by the pair last year.
Elliott-Gross has been appointed as Wise’s global director of product compliance this month.
Cover story: PLANT LIFE – Talking flora and quantum computing.
The app-based offering launched this week with account and lending services.
The bank says Khan will work to develop and cultivate “green digital banking solutions”.
Following a reported net profit of €53.1 million in 2023, Bunq has now applied for a UK EMI licence.
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
Les Echos reports the bank is approaching potential buyers for Shine four years after acquiring the company.
Our guests on the Demystify podcast this week are Adam Moulson, Griffin’s COO, and Garrett Foxon, CEO of Lettspay.
Nominations for the 25th annual Banking Tech Awards will open this spring.
FinTech Futures takes a look at FS firms that are catering to vulnerable people or people with disabilities.
The capital injection follows a $104m investment in July and a $56.8m investment in April last year.
The bank expects to roll out a Sharia-complaint banking app within the next six months.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Griffin’s CEO and co-founder, David Jarvis, demystifies the complex layers of the UK challenger bank’s proposition.
Nubank subsidiary Nu Colombia received the approval from the Financial Superintendence of Colombia (SFC).
Scheduled to arrive in Q2 2024, it will be the first de novo bank to be established in South Florida in 15 years.
The bank plans to leverage Turner’s “extensive track record in financial services” to boost its growth plans.