Meniga collects €3m from Swedbank, through new partnership

Digital banking platform Meniga has received a €3m equity investment from Swedbank, as part of its partnership.

Beacon Platform closes Series A led by PIMCO

New York-based financial services application developer Beacon Platform has closed its Series A round led by PIMCO.

Tax returns app Taxfix receives $30m for Series B round

Taxfix, a mobile assistant for tax returns, has raised $30m for its Series B financing round to support the development of its tax app.

Finicity, Capital One partner for secure financial data exchanging

Finicity, a financial data aggregation and insight platform, has partnered with Capital One for secure data exchanging.

Santander UK bins legacy systems and manual processes in favour of nCino’s banking system

The UK branch of the Spanish bank Santander has enlisted the services of cloud-banking developer nCino to refresh some of its systems.

Less than a fifth of banks use AI technology holistically

Despite nearly all commercial banks using AI, only 19% are using the technology holistically across the enterprise, according to a study from Genpact.

API developer Griffin collects £3m as it seeks UK banking license

Banking API platform Griffin has reportedly raised £3m in a seed round as it looks to finish building its platform.

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...

Nordic API Gateway said to raise €4.6m as it looks to European growth

Nordic API Gateway has reportedly raised €4.6m through an internal funding round, as it looks to expand in Europe.

MoneyGram announced partnership with Saudi Arabian Al Rajhi Bank

Cross border payment company MoneyGram has inked a strategic partnership with Al Rajhi Bank, an Islamic bank.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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