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.
Eco's CEO alleges that Pebble, founded last year, engaged in "espionage" targeting the a16z-backed fintech company...
Lawyers representing 3AC's creditors say the physical whereabouts of Zhu Su and Kyle Davies are "currently unknown."...
While trying to raise money for their robotics and AI startup Trevor McFredries found an issue that he wanted to change, all investors were white men; he, along with his colleague Sara DeCou, stated they would not accept money unless the investors had a woman or a person of color in a senior position; 400 tech entrepreneurs have banded together to form a coalition called Founders of Change to make real progress on diversity; the group is inspired by the broader movement to make businesses more diverse and include more voices as the old ways of investing need to change. Source.
Citi, Zurich Insurance, Kabbage and DTCC are working to develop the new standards for tech companies; while large institutions have invested significantly in preventing cyber attacks, there are risks with partnering with fintechs who may not have as robust as systems in place; these backdoor attacks pose a significant risk to financial institutions; Michael Bodson, president and chief executive of DTCC stated, “We all live and die by each other; the weakest link in the chain is the highest point of vulnerability”. Source
In the three-way battle between banks, digital-only banks and neobanks, understanding why consumers choose each type of provider is key.
Crypto exchange woes, third-party vendor hacks and the threat of theft of inside information are among the concerns keeping chief information security officers up at night, according to a new survey.
Chinese company’s investment announcement comes a month after Mercado LiBre bought a stake in Mercado Bitcoin’s parent company
The wealth management industry has gone through a host of changes in recent years and now fractional share trading has...
Insights have found the switch to more digital transaction since the start of the COVID-19 pandemic show that individual and organizational risk is even greater now.