Greece’s first challenger Praxia picks Temenos T24 core banking system
As it recovers economically, SME lending can add a boost to the country.
Europe
Munich Re acquires IoT player Relayr
Acquisition is via its subsidiary Hartford Steam Boiler.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
Hungary’s instant payments system to go live in 2019
GIRO and Nets say system will go live on 1 July 2019.
Insurtech Sagittae targets risk sharing on blockchain
Dutch firm offers peer-to-peer financial protection.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Cybercrime crew Cobalt goes phishing in Eastern Europe
Cyber researchers at Netscout put out a warning.
Financial crime fighters unleash intelligence sharing platform in UK
Acronyms assemble! PIMFA and FCI launch PIMFA-AECIS platform.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wonga goes bust
It’s now official. UK payday lender enters administration.
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
Starling targets underage demographic for accounts
Following Monese, Starling launches accounts for 16 and 17-year olds.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Lendstar’s fintech light shines no more
After five years, German firm has filed for bankruptcy.
Azimo partners with Interswitch for cross-border payments in Nigeria
Creating a Europe-Nigeria channel for the underbanked.
Contovista brightens up data for Swiss start-up Neon
Neon will use Contovista technology for its payment data analysis needs.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
Gold-as-currency enabler Glint seeks US sprint
Partners with Sutton Bank and Galileo Processing for American dreams.
Salary Finance raises $20m funding to launch in US
UK personal finance firm wants to make waves across the Atlantic.
Switzerland relaxes AML rules for small fintech firms
For companies with gross revenues of less than CHF 1.5m ($1.53m).
Brexit for EEA financial services firms doing business in the UK
What are the options for the 8,000 firms that use EU financial services passports to do business in the UK?
Spanish central bank gets hacked by cybercriminals
When cyber and political criminals ally.
Wonga no longer?
UK payday lender on edge of collapse.
Irish P2P platform Flender raises €10m
Part of the €50 million investment sought.
Starling to power RBS and Natwest digital payments
Starling’s growth has attracted attention from big players.
Popular AI and blockchain project – Project PAI – holds London launch event
Don’t miss Project PAI’s launch in London on 8 September 2018.
