Nubank acquires PlataformaTec as it faces several challenges in 2020

Brazilian challenger bank Nubank has made its first ever acquisition to boost its internal development team as it aims to tackle several obstacles in...

RegTech Kyckr brings in Tesco CEO Benny Higgins

Irish RegTech company Kyckr is set to bring in global banking executive Benny Higgins as non-executive chair.

Lending Club snaps up Wall Street execs to win investor

Peer-to-peer lending firm Lending Club is bringing new senior staff on board in an attempt to once again win favour with investment banks.

How ADGM’s Financial Services Regulatory Authority is embracing FinTech

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market has been embracing innovation, growth and FinTech, but remains alert and cautious of potential technology risks according to CEO Richard Teng.

Lending Club hires PayPal’s head of credit to lead it into new sectors

Lending Club is hiring Steve Allocca PayPal’s global head of credit as its president as the lender continues to move away from the scandal that overturned its fortunes last year.

FCA appoints interim chief executive to take over when Andrew Baily leaves to run...

Christopher Woolard is stepping in as the interim chief executive of the Financial Conduct Authority (FCA) as the old chief executive Andrew Bailey is leaving to become the governor of the Bank of England.

Sameer Chishty joins SparkLabs FinTech as venture partner

SparkLabs Global has hired Sameer Chishty as a venture partner for its recently launched FinTech accelerator.

Online lending group grabs Wall Street lobbyist

Online lenders are growing their presence in Washington with the hire of lobbyist Nat Hoopes to lead the Marketplace Lenders Association.

Idinvest brings in former Balderton principal Debock

European SME investor Idinvest Partners has brought in former Balderton Capital and XAnge Private Equity venture capitalist Nicolas Debock as an investment director.

Blockchain startup Libra hires former Siemens chief risk officer

Blockchain and smart contracts company Libra has hired Siemens’ former chief risk officer (CRO) Dr Gerard Brennan as its director of audit technology.

News Stories

Big businesses responsible for major cyber vulnerabilities in the UK

Lots of financial services companies leave themselves exposed to hacks by using unpatched services, according to a new report by Rapid7.

Revolut’s losses more than tripled to £107.4m last year

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

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