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NatWest accelerator graduate Hoddle launches beta savings app

Hoddle was brought onboard to NatWest’s accelerator programme by Steve Chown.

FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal

The investigation found that GSI breached a number of FCA and PRA principles and rules.

TransferWise waives fees on $20m in donations to COVID-19 research

All donations will be exchanged via Google and Reuter’s mid-market rate.

FAB transfers legacy banking licence to ADQ

A number of legacy banks in Dubai have launched digital-only services this year.

FCA survey shows 12 million UK adults struggling with debt payments

“Our surveys have shown that younger and BAME consumers have been impacted more than others.”

Unifimoney signs cross-border payments deal with Nium

The US neobank promises an “enhanced outbound money experience”.

Woman-owned de novo Agility Bank gains regulatory green light in Texas

Agility Bank aims to raise $30 million prior to launch in 2021.

PayPal brings crypto further into mainstream with wallet update

PayPal landed the first conditional crypto licence from the NYSDFS.

Three major US banks make up half of 2020’s $11.39bn fine total

Together, Goldman Sachs, Wells Fargo, and JPMorgan Chase paid $7.85 billion of this total.

Thoma Bravo buys majority stake in risk and reporting firm AxiomSL

AxiomSL’s services cover more than 110 regulators across 55 jurisdictions.

Afterpay signs up to Westpac banking-as-a-service platform

Afterpay plans to launch a savings account on the Aussie bank’s software.

First Women’s Bank picks Fiserv to underpin 2021 launch

The US neobank will operate out of Chicago to challenge small business lending in the US.

Line launches messenger-based banking platform in Thailand

Line has developed and operates the service in collaboration with Thai bank Kasikornbank.

Unqork signs Life.io partnership weeks after $207m Series C

Life.io will build its customer engagement apps on Unqork tech.

Mexico’s credit alternative challenger Klar lands $15m Series A

“We help people build credit by looking at how and where they spend their money.”

Modulr lands EMI licence from Ireland’s central bank

The licence will underpin the fintech’s European expansion.

Commercial Bank of Dubai serves ‘low-income’ customers with Now Money

“[We’re offering a] much more advanced and cost-effective alternative”.

Visa and Mastercard abusing UK duopoly, say retail groups

The major card schemes are accused using their position to charge increased fees.

Hong Kong challenger WeLab Bank goes live on Temenos Transact

The neobank launched a few months ago.

European lender Capitalbox buys rival Dutch arm of Spotcap

The deal marks Spotcap’s exit from the direct lending market.

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