Managers of Wealth Fintech

Lloyds boss hints at more M&A as fintech valuations plummet

The bank bought digital retirement platform Embark for almost £400mn in July 2021, and Nunn says that its integration into the wider group is “going well”.

UK Bounce Back Loan data puts Metro Bank and other lenders in the spotlight

While Starling Bank has been under fire from Lord Agnew for its BBLS performance, new figures put it in the middle of the pack.

Barclaycard Payments: Non-traditional sign-ups will fuel new wave of subscriptions

Technology retailers, grocery brands and DIY & home improvement merchants plan to introduce the largest number of new sign-up products and services before the end of the year, with an average of four new offerings, compared to an average of three acro

B2B payments platform Balance closes $56m Series B

Balance will use this funding to expand its offerings to new, global eCommerce platforms and enable B2B merchants to grow their digital revenue.

“Open banking? It’s both threat and opportunity” An interview with Mastercard’s Europe boss

AltFi sits down with Mark Barnett, Mastercard’s Europe President, to discuss crypto, open banking and what one of the world’s largest financial services incumbents thinks of fintech.

GoCardless officially launches Variable Recurring Payments as CMA deadline approaches

Friday marks the launch of VRPs after the CMA’s six-month delay.

Santander CIB partners with SAP to deliver ‘invisible banking’

In November 2021, Standard Chartered joined the SAP Mult-Bank Connectivity solution and utilised their cloud services to improve transactional services for their corporate clients

Cardless and AmEx team on co-branded cards

Cardless has successfully completed a series of venture capital funding.

Buy Now, Pay Later Services Are Walking a Tightrope—Unless We Get the Technology Right

Free money is everywhere, and everyone buys more stuff. Pop the champagne, life is good.

QNB launches direct remittance service to Philippines through RippleNet

QNB’s latest first-to-market solution complements the Bank’s efforts to improve cross-border payments, upholding its leadership position in Qatar in the sector of money transfer.

Morgan Stanley and Mastercard back credit-building startup TomoCredit

Female, immigrant-founded TomoCredit is targeting the 40 million credit-invisible immigrants and international students with no credit history in the US.

AIB makes u-turn on decision to scrap ATMs following backlash

AIB has also seen a fall of almost 50% in branch over-the-counter teller transactions, while mobile and online payments have increased by 85% in that same timeframe.

Brazil's Neon raises $80m to boost credit card push

The lender ended 2021 with a total credit portfolio of $270 billion and the idea is that the FIDC will bring greater flexibility to its growth strategy.

Visa reportedly takes an interest in Airwallex’s second Series E extension

Valuation will apparently stay flat at $5.5bn.

Moneyhub and Pennyworth partner to democratise financial planning

The new tool is aimed at "aspring-affluent customers" in the £40,000-£150,000 income range.

Atlantic Money launches in UK after £3m fund raise

The firm has also secured an additional injection of $3m seed capital, led by Amplo, to supercharge its international growth having recently received its EU licence.

Sweden's Zimpler launches in Norway

Norway – where 98% of the population has internet access and 1.3 million customers use online banking daily

Mastercard forms alliance with quantum computing player D-Wave

"Our work with D-Wave will explore the endless applications of quantum computing for practical, real-world financial services applications."

Open Banking in the UK – an update from American Express

As we move into a post-pandemic world, the trend has continued with a growing demand for greater payment options combined with a more seamless experience.

Atom bank losses narrow as lending operations up by £600m

Four consecutive months of operating profit highlight Atom's growth in 2022.

Retail Banking