Cybertonica raises £2 million Series A
Cybertonica, a platform using Machine Learning and AI for delivering authentication to the payments and fintech sector, has raised £2 million in…
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Financial Technology – Page 46
Financial technology news from TechAnnouncer: payments, digital banking, lending, wealthtech, insurtech, regtech and embedded finance. We track fintech launches, funding rounds, partnerships, acquisitions and regulation across global markets, and explain what each development means for the industry.
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Industry undecided on UK’s fintech funding success
The industry is undecided over roughly $1 billion dollars in funding raised by UK fintechs last year. Whilst one report released by Spanish…
EXCLUSIVE: Drugs, defecation, and graffiti at HMRC’s Manchester headquarters
UK government staff working for Her Majesty’s Revenue and Customs (HMRC) have been warned about repeated acts of vandalism at its Manchester…
US neobank Rellevate picks Technisys for core tech
Rellevate, a US challenger banking service founded by a Western Union alum, has selected Technisys to provide its cloud-based core digital banking…
EXCLUSIVE: TCS to power Israeli digital bank with debut platform offering
Indian technology firm Tata Consultancy Services (TCS) is set to provide a front-to-back banking platform for the first Israeli bank to launch…
Digital Transformation is More about Transformation than Digital
Premise: It seems like there can’t be a day that goes by when I don’t hear the word transformation being tossed around,…
Crédit Agricole acquires majority stake in aggregation fintech Linxo
French cooperative Crédit Agricole has acquired a majority stake in payment aggregation and initiation fintech Linxo. Crédit Agricole has nabbed a 85%…
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…
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…