Monzo founder says the “positive effect of open banking on innovation has been nil”
When open banking was first introduced, it was suggested that it would enable both big banks and smaller firms to innovate. However, the founder...
Glantus acquires vendor credit recovery FinTech JPD Financial
Ireland-based Glantus, a global provider of financial automation and data intelligence solutions, has acquired JPD Financial, which fashions itself as the industry leader in vendor credit recovery services, a term it has trademarked.
What’s going on in the Nordic challenger bank scene?
Neobanks in the Nordics may have had a slow start, but things may soon be about to change.
Nova Credit nets $50m in equity round
Nova Credit, a cross-border consumer credit reporting company, has netted $50m in an equity financing round.
Meet the 16 startups selected for Accenture’s new FinTech Innovation Lab London cohort
Accenture has picked 16 new promising startups from such varied disciplines as InsurTech, RegTech, open data and capital markets to take part of its UK-based accelerator programme.
S&P Global has acquired 451 Research in new deal
Credit ratings and capital market analytics company S&P Global has acquired 451 Research, a research and advisory firm.
Kamakura’s new suite helps Bank Islam Malaysia Berhad’s digitalisation process remain compliant
Bank Islam Malaysia Berhad’s taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.
Financial identities for world’s unbanked would add $250bn to the global GDP
Catering to underbanked people could add a massive boost to the global economy, according to a new study from Oxford Economics.
TSB picks Iress’ Lender Connect solution to slash the time needed to apply to...
Applying for a mortgage might become easier at TSB Bank in the future as the company has decided to leverage FinTech firm Iress’ technology.
Goldman Sachs lends $125m to Mercado Credito as Latin American FinTech investments are booming
E-commerce giant MercadoLibre's credit unit Mercado Credito has strengthened its financial muscles thanks to a $125m loan from investment bank Goldman Sachs.
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How the coronavirus has affected the RegTech industry
The coronavirus has forced the global economy to grind into a halt. While the RegTech industry is not left unscathed, there are opportunities for those that look.
Neobank HM Bradley has officially launched
The US-based digital bank HMBradley has officially launched its services for the thousands of would-be users on its waitlist.
The FCA reminds banks that not all their employees need to be at the...
The Financial Conduct Authority (FCA) has told banks, building societies and credit unions that they need to carefully consider which of their workers should be able to work remotely in order to deal with COVID-19 appropriately.
Monzo’s founder won’t take out any salary for 12 months to help the company...
UK challenger bank Monzo has taken additional steps to protect the business against the pandemic-induced financial downturn. And it's not alone.
FinTechs could see rise in customers following the coronavirus pandemic
While FinTechs might be fearing the impact of the coronavirus on their business, it might actually be a beneficial thing for them, a study from financial advisory firm deVere Group claims.