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Fintech
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Brokers
History of FMLS in Numbers – London Summit’s Evolution
2022-07-22T11:10:26.471+02:00
Since launching back in 2012, London Summit has emerged as a cornerstone industry event.
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Starling Bank Sees 93% Increase in Annual Revenue
2022-07-21T13:13:33.753+02:00
The digital bank saw a pre-tax profit of £32.1 million.
Lending spiked by 45% to £3.3 billion.
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UK’s Fintech Sector Investments Grow 24% YoY in H1 2022
2022-07-20T13:24:20.636+02:00
The global fintech investments remained flat during the first half of 2022.
In total, the UK financial technology sector attracted $9.1 billion in the mentioned period.
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News
FNZ Announces Strategic Acquisition of New Access
2022-07-20T10:57:59.909+02:00
The terms of the deal were not disclosed.
The acquisition will boost FNZ’s presence in private banking and wealth management.
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Executives
Did Nikolay Storonsky Leave UK Fintech Revolut?
2022-07-19T22:41:59.005+02:00
Documents show that he is no longer a person with significant control at the firm.
Revolut has not confirmed the news publicly as of press time.
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News
Wise Sees 51% YoY Growth in Revenue during Q1 FY23
2022-07-19T09:39:17.890+02:00
The total number of active personal clients jumped 37%.
Total volume reached £24.4 billion in the latest quarter.
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Starling Withdraws Irish Bank Application Shifting Expansion Plans
2022-07-19T07:23:38.954+02:00
The UK fintech’s application for an Irish license was pending for four years.
It will now focus on SaaS for the banking industry.
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FinTech
Dmitri Laush and Siamak Tebyanian Launch Nextcent to Democratize Financial Literacy
2022-07-18T18:57:14.282+02:00
The app focuses on bite-sized courses, which improves the learning curve.
The app teaches users about different markets and how to manage their investments.
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FinTech
Fintech Stori Joins Mexico’s Unicorn Club after $150 Million Raise
2022-07-15T22:56:59.792+02:00
Stori has hit a valuation of $1.2 billion.
The fintech has built a base of over 1.4 million customers.
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Executives
METACO Gets New Chief Growth Officer, Seamus Donoghue
2022-07-15T15:26:51.727+02:00
Donoghue has over 30 years of industry experience.
He is the host of METACO Talks, a live interview series.
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Executive Moves
Dimitris Litsikakis Announces Departure from deVere Group
2022-07-15T12:49:14.150+02:00
He was serving as the CEO of deVere e-Money.
Litsikakis spent more than three years at deVere Group.
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News
TIFIN Expands Global Presence, Acquires SharingAlpha
2022-07-15T07:24:00.710+02:00
TIFIN is planning to fully integrate SharingAlpha into its Magnifi platform.
Oren Kaplan, SharingAlpha’s Co-Founder, has joined Magnifi as a Partner.
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News
Deutsche Bank Is Developing a White-Label BNPL Solution with Austrian Fintech
2022-07-13T12:13:31.708+02:00
Merchants will be able to integrate the white-label solution into payment processes.
It will be piloted at the end of this year.
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Citi Invests in Illuminate Financial Management
2022-07-13T12:08:40.505+02:00
Last year, Illuminate Financial received backing from JPMorgan.
To date, Citi has co-invested in eight companies in Illuminate’s portfolio.
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i2c Announces Partnership with Marygold
2022-07-09T12:57:19.469+02:00
The company will power Marygold’s contactless debit Mastercard and savings platform.
Marygold will leverage i2c’s plug-and-play payment APIs.
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Analysis
FinTech
Analysis
Will Regulation End or Expand BPNL in the UK?
2022-07-08T09:56:48.154+02:00
The laws will mandate lenders to carry out affordability checks.
The draft law will be published towards the end of 2021.
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News
WeLab Bank Announces the Launch of GoWealth
2022-07-08T09:02:10.351+02:00
The digital wealth advisory solution will facilitate the company’s customers.
Clients can start GoWealth with a minimum of HKD 100.
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FinTech
Hidden Road Secures $50 Million in Series A Funding Round
2022-07-07T21:41:00.000+02:00
Michael Higgins, a former FXCM senior executive, is the director of the firm.
The funding round had the participation of FTX and Coinbase Ventures, among others.
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Executive Moves
SG Veteris Hires Raul Malmstein as New Director and MLRO
2022-07-06T23:22:00.000+02:00
He is the former chairman of the Management Board of the EFSA.
Malmstein has over 30 years of experience in the financial services sector.
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Executive Moves
Tyler Derr Becomes New Chief Technology Officer at Broadridge
2022-07-06T19:23:00.000+02:00
He will supervise the company's global technology teams.
Derr will report directly to Tim Gokey, Broadridge's CEO.
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Analysis
FinTech
Analysis
How to Get the Unbanked Banked in LATAM
2022-07-05T11:09:20.307+02:00
The World Bank Financial Inclusion Index unveils a significant gap in the region.
Experts proposed some solutions to the matter.
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Payments
Equals Group Posts Record H1 2022 Financials, Revenue Jumps 84%
2022-07-05T09:48:44.701+02:00
There was a massive jump in the company’s international payments business.
The gross profit of the company also increased by 47 percent.
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FinTech
Societe Generale Counts on Fintech METACO to Grow Digital Asset Activities
2022-06-30T19:29:24.947+02:00
METACO owns Harmonize, a digital asset custody platform.
SG wants to build 'a solid foundation' for its digital asset activities.
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News
Bunq’s Gross User Fee Income Increases 76% in 2021
2022-06-30T10:15:34.170+02:00
The net fee income almost doubled during the mentioned period.
Customer deposits climbed by more than 35% in 2021.
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News
UK Firm Transact365 Achieves 300% Year-on-Year Growth
2022-06-29T21:42:00.000+02:00
Its chargeback ratio stands at 0.004%.
The growth is recorded in its third year of European operations.
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