UK challenger Monzo in talks with SoftBank for £100m fundraising
Monzo, the UK challenger bank valued at $2.7 billion last June, is on the look out for another funding injection. Co-founder Tom…
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Banking Technology – Page 12
Banking technology news and analysis from TechAnnouncer. We track how banks and challengers adopt digital banking, open banking, payments infrastructure, core-system modernisation and AI, from product launches and partnerships to regulation and funding. Follow the companies, deals and developments reshaping how the world banks.
288 stories
Kenya’s Standard Investment Bank plans $100m FX-focused fund
Kenya-based online currency-trading money manager, Standard Investment Bank, plans to add more retail investors to its forex-focused fund and grow it to $100 million this…
FCA calls UK’s current overdraft market “dysfunctional”
The Financial Conduct Authority (FCA) has called the UK’s current overdraft market “dysfunctional” and is asking banks to explain how they have…
EXCLUSIVE: Woodforest National implements Finxact on Microsoft Azure
EXCLUSIVE: Woodforest National Bank in core banking tech overhaul with Finxact Woodforest National Bank has been confirmed as one of the initial…
White paper: Payments outsourcing: Pros, cons and considerations that should be on your radar
Payments has seen much change and innovation in the last years and will continue to evolve at the same pace. Just two…
API provider Currencycloud raises $80m in Series E funding
Currencycloud, the application programme interface (API) builder powering UK neobanks such as Revolut and Starling Bank, has raised $80 million in a…
UK’s Payzone rebrands to Takepayments
Takepayments is the new name for Payzone’s card terminal and EPOS business, launching as a new fintech this year in a bid…
FCA appoints Christopher Woolard as interim chief
The Financial Conducts Authority (FCA) has named Christopher Woolard as its interim chief executive. Christopher Woolard, FCA Woolard steps into the role…
Finma fines Swiss bank CEO $752,000 for insider trading
Switzerland’s financial regulator Finma has fined the CEO of an unnamed Swiss bank $752,000 to reap back the illegal profits he made…
Video: Top fintech stories this week – 24 January 2020
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe. This week we cover: Aussie neobanks challenge country’s…
Payments security: A year in review
As ever, breaches weren’t limited to small and medium entities. Facebook was at the heart of yet another scandal in April, as…
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Wells Fargo’s former CEO John Stumpf was slapped with a $17.5 million fine and a lifetime ban from working in the banking…
What does open finance mean for the wealth management sector?
Increasingly, what has begun as open banking will be termed open finance SPONSORED INSIGHTS Open banking has begun, focusing on payments and…
Freetrade takes on Europe, starting with the Netherlands and Ireland
Freetrade, the UK-based digital brokerage app, has announced its plans to expand across Europe starting with the Netherlands and Ireland. The UK…
Turkey’s Halkbank could pay $1bn in fines for court absence
Halkbank, Turkey’s state-owned bank, could be in the running to pay more than $1 billion dollars in fines if it keeps failing…
Liberis raises £32m to boost growth plans
London-based fintech Liberis has raised £32m to help fund the growth of the small business finance provider and expansion in the US…
Tokopedia lines up $1.5bn funding from Alibaba and Softbank
Tokopedia, the Indonesian ecommerce marketplace, is understood to be in the final stages of closing a funding round worth as much as…
Aussie neobanks challenge country’s big four banks
Australian neobanks Xinja, Judo Bank and 86 400 are attracting millions of dollars in savings from Australian banking customers following the launches…
BMO to acquire Clearpool
BMO Financial Group has entered into a definitive agreement to acquire Clearpool Group, a New York-based provider of electronic trading solutions and…
Barclays signs tech partnership with invoice insurance firm Nimbla
UK multinational bank Barclays has announced a new partnership with invoice insurance start-up Nimbla. Nimbla will be offered to one million Barlcays…