Fraud detector Ravelin reels in £8m funding
Series B round led by BlackFin Capital Partners.
UK
Bezos and Gates back Wagestream’s £4.5m funding round
Start-up launches “get-paid-as-you-go” service in UK.
Makers Academy: training the coders of the future
Championing a holistic approach to learning.
Unisys on hand for Sutherland’s UK mortgage tech platform
It’s a five-year, seven-figure deal.
OBIE freshens up open banking standards
Version 3.0 covers all products with payment capabilities.
UK banks battle to deal with British Airways data breach
Tweets and action fly in fallout from banking and payment data theft.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Financial crime fighters unleash intelligence sharing platform in UK
Acronyms assemble! PIMFA and FCI launch PIMFA-AECIS platform.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wonga goes bust
It’s now official. UK payday lender enters administration.
Starling targets underage demographic for accounts
Following Monese, Starling launches accounts for 16 and 17-year olds.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Gold-as-currency enabler Glint seeks US sprint
Partners with Sutton Bank and Galileo Processing for American dreams.
Salary Finance raises $20m funding to launch in US
UK personal finance firm wants to make waves across the Atlantic.
Brexit for EEA financial services firms doing business in the UK
What are the options for the 8,000 firms that use EU financial services passports to do business in the UK?
Wonga no longer?
UK payday lender on edge of collapse.
Starling to power RBS and Natwest digital payments
Starling’s growth has attracted attention from big players.
Popular AI and blockchain project – Project PAI – holds London launch event
Don’t miss Project PAI’s launch in London on 8 September 2018.
The rise of regtech
A head of steam is building around regtech, driven by the confluence of interest from regulators, banks and fintechs.
Financial planner CashCalc in a standalone pension place
New tool in preparation for FCA’s new guidance on pension transfers.
For fintech, life after disruption is a question of identity
What does it take for a disruptor-leader to keep growing in a world where dominance is never guaranteed?
Goldman Sachs’ lending platform Marcus coming to UK
Revealed in an internal memo… that is now everywhere.
West Bromwich Building Society in system selection mode
EXCLUSIVE. UK building society looking for new tech.
Trading platform Infinox unveils free sentiment analysis tool
“Sentiment is more than just a mirror on the market.”
UK banks urged to drop blame game in fraud claims
Financial Ombudsman Service wants banks to investigate cases more.
Barclays seeks to boost e-trading innovation
Newly-created role will also look at AI and ML for improvements.
