UK - FinTech Futures

UK

TSB COO: It’s easy to throw the rock at us and say ‘this guy crashed in 2018’

“Compare this company to the market,” says TSB’s COO.

Lanistar secures FCA approval less than six months after regulatory warning

Lanistar also filed its unaudited accounts last month.

ClearBank appoints Tom Harris as new CTO

UK clearing bank promoted from within to fill technology role.

Omnio picks Autorek platform to automate reconciliation

Omnio’s previous manual processes relied on Microsoft Excel, but will now be automated by Autorek.

Virgin Money picks Trade Ledger for business banking boost

UK bank lays groundwork for new business products in 2021.

UK neobank hopeful Kroo partners with Bugni Labs for credit engine

Kroo underwent a brand revamp from B-Social last year.

Danish fintech Blocser launches Butterfly card for UK’s gig workers

“Think of us as a ridesharing service, but instead of rides, you sell your work,” says CEO.

UK eco-banking challenger Tred lands £1m in Crowdcube raise

Tred partners with Forest Carbon to deliver on its tree planting promise.

Lerex Technology

Sendit.Money chooses Lerex Technology for prepaid payments tech

Mobile wallet provider picks UK prepaid firm in preparation for launch.

Hampshire Trust Bank

Hampshire Trust Bank picks DPR platform to outfit origination

HTB is replacing a long-standing legacy system with the cloud-based DPR solution.

Thought Machine plugs into Wise’s money transfer API

Thought Machine is plugging into via its own ‘Vault’ platform.

HSBC CEO Colin Bell joins board of AML fintech Quantexa

HSBC has used Quantexa to develop an AI solution to better identify financial crime.

New fintech Wisely Money aims to connect lenders and borrowers

New start-up offers an “all-in-one” app for short term lending.

Payhawk closes $20m Series A investment round

The platform has seen rapid growth since its $3.6 million seed round a year ago.

UK fintech industry bounces back with record $2.9bn Q1 investment

2021 starts strong at 153% higher investment than Q4 2020.

Development Bank of Wales picks EQ Credit Services for lending

The bank reports a 72% increase in loan customers since 2020.

Low-code start-up FintechOS lands €51m Series B

The round will fund FintechOS’ international expansion beyond the UK and Europe.

Santander migrates 60% of IT infrastructure to the cloud

Santander is “very well placed against large European banks”, says the bank’s global CTO.

© User:Colin / Wikimedia Commons / CC BY-SA-4.0

UK takes first steps towards CBDC with launch of new taskforce

The taskforce will now set out to identify the UK’s use cases for a CBDC.

UK challenger Starling lands £50m investment from Goldman Sachs

Starling now claiming to hold a 6% share of the UK SME banking market.

Lending start-up Fintern raises £32m in equity and debt funding

UK fintech backed by German institution Varengold Bank

TSB taps ApTap to help customers manage bills

Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.

Goldman Sachs settles on Birmingham for second major UK office

Goldman says it picked Birmingham because of its talent pool and proximity to London.

Dear Luc: To give my customers cards I just need an issuer – right?

Our anonymous fintech problem asks if issuers are all you need to provide cards to customers.

Railsbank reunites Currencycloud founding team with John Hammond hire

John Hammond joins former colleagues at the firm as its new CCO.

Barclays to close Pingit after 10 years’ service

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

Modulr lands undisclosed investment from FIS Ventures

“Modulr lowers the barriers to bringing payments into a platform”.

Howard Moore Mobiquity

Mobiquity hires former BNP Paribas COO Howard Moore

Digital transformation firm plans to expand globally this year and beyond.

Innovate Finance CEO Crosswell steps down

Head of industry body to be replaced by COO Janine Hirt.

Moneycorp continues exec shake-up with new ex-Vocalink vice chairman

Yates previously headed up Vocalink, the fintech Mastercard bought in 2017.

Tide signs deal with RBL Bank to underpin Indian expansion

The UK firm is seeking 25,000 new customers in the country.

IDS to acquire White Clarke Group in multi-asset class merger deal

The combined firm will serve more than 300 companies.

UK fintech TrueLayer lands $70m Series D led by NY investor Addition

TrueLayer claims payment volumes have grown by 600 times in the last 12 months.

Two UK towns to open all-in-one Banking Hubs pilot stores

The towns are two of nine across the UK to get one.

Santander International to deploy cloud-based Temenos system

Isle of Man and Jersey users switching over to Temenos platform.

Tandem Bank goes live on Mambu core platform

Tandem replaces Fiserv’s Agiliti with Mambu’s system.

UK energy provider Octopus launches Moneycoach

It intends to invest £10 million into Moneycoach to scale the offering.

Ikano Bank picks TruNarrative to sit at regulatory centre of digital change

Swedish bank selects UK regtech firm to collate AML programmes.

Lessons learned from launching in a pandemic

The speed at which we’ve learned to respond to the market and grow as a business is invaluable.

Paysafe goes public via Spac merger

Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.

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