Sainsbury’s set to wind down banking business
The UK retailer has also confirmed the departure of Jim Brown, Sainsbury’s Bank’s CEO of almost five years.
The UK retailer has also confirmed the departure of Jim Brown, Sainsbury’s Bank’s CEO of almost five years.
The group is migrating from Finastra’s Equation core to its cloud-based Essence solution.
Varga says he has made the “pivotal decision to move on” from the Scottish risk and decisioning firm.
Horak succeeds Dr Mark Goldspink in the role after over 10 years with the UK-based paytech.
Encompass is to acquire 100% of both ING companies for an undisclosed sum.
FinTech Futures takes a look at FS firms that are catering to vulnerable people or people with disabilities.
The start-up previously secured a £95m debt facility from NatWest and an £8.5m Series A round in February 2023.
The raise marks 10x’s first funding round since its Series C in June 2021, when it bagged $187 million.
Staples has previously served as global head of HSBC’s BaaS and embedded finance proposition.
Our weekly fintech round-up for you to get the latest funding news from across Europe.
The latest funding follows a £10 million investment by Lloyds Banking Group in March 2023.
The total global investment flowing into fintech reached $51.2 billion in 2023 across 3,973 deals.
Bladon will also serve as vice president of global entity management for the payments giant.
It is the second year fintech funding has fallen in the UK, down 70% on 2021 figures.
Hynd previously spearheaded the commercial transformation of UK-based Redwood Bank.
A Barclays spokesperson confirms the cuts were part of the bank’s “ongoing efficiency programme”.
Griffin’s CEO and co-founder, David Jarvis, demystifies the complex layers of the UK challenger bank’s proposition.
The funding was led by FISV and Portage, with participation from State Street and Citi.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Co-founder David Luck will assume the role of executive chairman, while CPO Damian Brychcy takes on the role of CEO.
Form3 hopes to leverage Arora’s “significant experience” in founding and scaling up fintech companies.
The round, led by Autotech Ventures, takes Bumper’s total funding to date to $64 million.
Bierton is to head the group’s everyday banking services across all of its divisions.
Monese says its services could be “adversely and potentially severely affected” if new funding isn’t found.
Sky News first reported Tesco Bank’s interest in exploring a sale in February last year.
Zing is a multi-currency app and debit card that UK residents will be able to use in more than 200 countries.
The bank plans to leverage Turner’s “extensive track record in financial services” to boost its growth plans.
Louw’s previous experience includes holding senior finance roles at WorldRemit and American Express.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Carter, who has served as COO at the building society since July 2022, will replace outgoing CEO Colin Fyfe.
The start-up previously raised £108 million in debt and equity funding last December.
With a career spanning more than 25 years, Griffith joins Pockit from Habito, where he also served as COO.
The deployment builds on an agreement between the two companies in August last year.
Moore forms the third addition to the PSR’s executive team this year.
The PSR is proposing a cap of 0.2% for debit transactions and 0.3% for credit transactions made online.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Cooper joins ClearBank from Barclays UK, where she served as CPO for its consumer banking platform.
The round takes the company’s total funding raised up to €55 million since its inception in 2009.
The partnership aims to provide African migrants in the UK with “an alternative to traditional banking”.
The deal will see the London-based fintech open a local office in South Africa.