According to a recent Smart Money People survey, smartphone apps have surpassed online banking as the channel of choice for...
Anthony Thomson, Founder & Chairman of Atom Bank, is stepping down after the company completes their latest fundraising; Bridget Rosewell, current non executive director, will assume they role left by Anthony; Mr. Thomson started the digital bank in 2014, raised more than $350mn and has guided the company to a top 10 rating in KPMG’s fintech rankings; “Since having the idea for Atom bank in early 2012, it has gone from being a big idea disguised as a small bank to a big idea and a big bank,” said Thomson in a statement reported by AltFi. Source.
In the United Kingdom, Her Majesty’s Treasury will not provide accredited non-bank lenders access to the Bank of England’s capital...
Russia's invasion of Ukraine triggered a rapid wave of sanctions, bringing challenges for financial services firms looking to stay compliant.
Anew approach to the FCA and how they interact with fintech, focusing on fostering innovation, being intelligence-led, and preparing for the future.
Tandem is a banking app to help individuals manage their finances; according to the Financial Times, the acquisition will provide GBP80 million ($103.8 million) of capital as well as a banking license; Tandem lost their banking license earlier this year after a failed investment by a Chinese conglomerate; the firm was concerned about whether China's State Administration of Foreign Exchange would approve the transaction; the acquisition still has to go through regulatory approval but if approved will allow Tandem to offer savings accounts. Source
In episode 365 we talk with Mike Tuchen, CEO of Onfido, as he discusses identity verification and how financial institutions are balancing the need for ease of use and fraud prevention.
Citigroup will provide funding for mortgages which will eventually be securitized and sold; the terms of the deal were not disclosed; LendInvest has continued to grow loan volumes with 2017 volume at 500 million pounds. Source
Trustly shares how how loan companies can best differentiate themselves from others and details their partnership with Lendify. Source
Tom Blomfield started Monzo over five years ago and has now decided to step down as CEO; he will now...