Moneybarn hit with £32.8m bill for not helping indebted customers
The firm did not treat customers fairly who had fallen into debt over a three year period.
The firm did not treat customers fairly who had fallen into debt over a three year period.
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Sailesh Panchal joins the challenger from Orwell Group.
One fintech said they were “surprised” by the strict deadline.
The neobank currently holds £1.25 billion in deposits.
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
CEO Bloomfield says it is also looking into lending more as a revenue driver.
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Project has been in the works since 2012.
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
The new payments venture is designed to help ecommerce merchants.
“It really makes no sense for us to continue to be called RBS,” says chairman.
Countries include Cyprus, the Netherlands, Portugal, and Spain.
Goldman Sachs led the latest round.
Sujit Unni is joining at an exciting time for the company.
FinTech Future’s weekly news round-up.
Singapore has reported 58 cases of the new virus so far.
Argenta, AXA Bank, Crelan, and vdk bank pick DN for ATM upgrade.
Saffron is the first user of the Burrow system due for launch later this year.
30 million payments have already been made on the new system.
The bank is splitting its three-part structure into five.
Moven founder announces new bank on social media.
“I don’t like them, and more importantly customers don’t like them.”
HTB aims to improve its monitoring, optimisation and alerting systems.
Kuwaiti bank looks to improve its treasury ops.
A product development hub will be launched in Milan.
Sharon Kimathi and Ruby Hinchliffe explore the event’s top five themes.
AnaCap takes first step into UK wealth management
This would be “a nice end point for open banking”, he says.
FNZ hopes to benefit from Temasek’s “significant presence”.
LAPO Microfinance Bank switching a number of systems.
Italian bank kicks off its three-year plan.
Davis leaves after seven years in the post.
Deutsche Bank has reportedly invited proposals from Microsoft, Google and Amazon.
Texan bank already deploys Nymbus at its digital subsidiary.
Fenergo aims to expand its product portfolio following new injection.
People’s Bank of China gives Mastercard a green light.
The Series A funding round was led by the Fidelity-backed Eight Roads.
“People talk about AI as if it can solve anything, but it isn’t the only answer.”