Newbury Building Society taps Sopra Banking Software to launch new app
The deal marks the first deployment of SBS’s mobile app solution in the UK market.
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The latest UK fintech news, resources and expert analysis from the leading intelligence provider for the worldwide fintech community.
ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Enigmatic Smile buys Fidel API’s loyalty business
The sale, for an undisclosed sum, includes all assets associated with Fidel’s loyalty business.
Revolut aims to boost global workforce to 11,500 by end of 2024
The UK challenger claims its staff headcount already surpassed 10,000 during the first quarter of the year.
Encompass Corporation promotes VP Stuart Barnard to CFO
Barnard is to take “ultimate responsibility” for the UK regtech’s global finance and business operations.
UK paytech myPOS names Mario Shiliashki as new CEO
Shiliashki has previously held leadership roles at industry giants including PayPal and Mastercard.
OakNorth launches SMB commercial cards with Marqeta platform
The new offering will also include deposit accounts and automation tools for bill payments.
UK regtech ComplyAdvantage snaps up Golden to strengthen financial crime intelligence offering
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
UK property lender Together taps nCino for cloud banking solution
Together claims to have a loan book exceeding £6.8 billion, originating over £200 million in loans monthly.
British Caribbean Bank triggers core banking overhaul with Finastra
The lender has opted to transition its core to the vendor’s Fusion Essence solution.
JTC to acquire First Republic Trust Company of Delaware from JP Morgan for $21m
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
Monese to split business in two amid mounting financial woes
The UK-based fintech has enlisted Interpath Advisory to assist in the internal restructuring.
Allica Bank reports first full year of profitability after revenues double
Allica says it has experienced a 75% increase in customer deposits to £2.6 billion.
FinTech Futures Banking Tech Insights: 11 July, London
Join us in London on 11 July 2024 for an exclusive half-day networking and panel event.
ICYMI fintech funding round-up: Toku, Tabs, Kamina, Lemon and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Coventry Building Society and Co-op Bank agree terms over potential £780m acquisition deal
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
UK fintech Wagestream bags £17.5m funding to expand its financial benefits offering
The fintech plans to launch a credit-builder card, loans and an AI-powered financial advice coach this year.
Leeds Building Society opts for Mambu core banking system in tech overhaul
The building society is to leverage its Mambu core to build new mortgage and savings products.
BNPL firm Laybuy reportedly on the lookout for new buyer to potentially go private
The New Zealand-based firm is currently listed on the Catalist stock exchange with a value of around $5.4 million.
UK Finance engages Quant and R3 to support Regulated Liability Network experimentation phase
UK Finance says the experimentation phase of its Regulated Liability Network will run until summer 2024.
Project Nemo launches in the UK to boost disability inclusion in fintech
The initiative aims to arm the fintech sector with the resources and expertise to help build a more inclusive industry.
UK challenger Zopa scores £15.8m pre-tax profit for 2023 as IPO nears
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
Innovate Finance flies the flag for the UK’s fintech sector in return of global summit
IFGS 2024 is taking place in London this week, with fintech regulation and innovation high on the agenda.
UK government launches open finance taskforce chaired by CFIT
The industry-led taskforce will aim to “unlock the full potential of open finance”.
SC Ventures invests in UK ethical challenger Algbra
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
Newcastle Building Society partners Zest for employee benefits tech
The platform is set to strengthen the building society’s talent acquisition efforts.
Pomelo Group names Steve Vickers as new CEO
Vickers succeeds the firm’s co-founder Vincent Choi, who will join Pomelo’s strategic advisory board.
ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
M&S and HSBC UK agree new seven-year partnership to enhance credit and payments offering
The partnership will be focused on “bringing together digital payments and loyalty for M&S customers”.
UK fintech Gresham Technologies to be acquired by STG Partners for £147m
The acquisition is expected to close by the third quarter of 2024.
Revolut to launch operations in Mexico with new banking licence
The UK-based challenger will make its Mexican debut with money transfer services.
UK’s FullCircl names Georgio Anastasi as new CFO
The CLI platform has gained a new CFO, COO, CRO and VP of product in two months.
Nubank partners Wise Platform to power new Global Account offering
The bank says its latest offering will be launched fully “in the coming weeks”.
HSBC to sell Argentinian banking arm to Grupo Financiero Galicia for $550m
The deal is expected to be finalised within the next 12 months.
UK paytech TerraPay handed MPI licence by MAS in fresh push for APAC expansion
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
CAB Payments to expand into the EEA after securing European PSP licence
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ClearBank rings in first full year of profitability
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
UK’s FCA and Bank of England launch consultation for Digital Securities Sandbox
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
