10x Future Technologies, founded by former Barclays CEO Antony Jenkins, is developing a cloud-based core banking system that will allow banks to hold deposits and accounts; the company believes their technology will give banks better access and insights into clients' data; this new tailored access will allow the banks to offer products that will better fit their customers' needs. Source
Danny Masters ran JPMorgan’s commodities trading business in the 1990s; he is a strong believer in ICOs as a better mousetrap compared to IPOs stating, “I’ve raised for companies — angel, friends and family, series A, series B stuff — and it's a real pain in the arse. It's slow, it's time-consuming, it's duplicative. It's a really heavy duty process. I know some great companies who've raised £5 million, £10 million and they've spent thousands of man hours doing it.”; he also notes that there is a lack of quality ICOs and they have funded only a dozen; Masters setup a fund called Global Advisors which pivoted to crypto in 2014. Source
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.
