Challenger bank Penta flexes its muscles by attracting over 10,000 customers

Berlin-based neobank Penta has past the significant 10,000 business customers milestone.

Scalable Capital offers new fixed-term deposits opportunities through Raisin deal

Digital wealth management company Scalable Capital will expand its product range with fixed-term deposits through new collaboration with Raisin.

Plaid collects strategic investments from Visa and Mastercard

Open banking platform Plaid has received strategic investments from Mastercard and Visa.

Poor UK areas are losing free cashpoints faster than rich places

Affluent areas’ ATMs seem safer than the ones in deprived parts of the UK, where free cashpoints are disappearing fast.

What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating...

Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it.

Wallit collects $2.6m in funding, alongside rebrand from Ourly

Wallit, a rewards-savings app aimed towards teenagers, has collected $2.6m in a seed funding round which will help it keep up with rising demand.

Child-focused banking platform Greenlight Financial Technology bags $54m Series B

Greenlight Financial Technology, which aims to help parents raise financially smart children, has bagged $54m in its Series B.

Banks fear open-banking and tech titans as non-cash payments soar around the world

The world is in the midst of a cashless payment boom. However, many banks will not take the steps to embrace open banking and fear the looming threat of big tech companies’ competition.

Neobank FairMoney said to close €10m Series A

Neobank for the emerging markets FairMoney has reportedly raised €10m in a Series A funding round.

Jack Dorsey’s Square is apparently looking to compete with Robinhood

Square, the FinTech company founded and led by Twitter CEO Jack Dorsey, is launching a new stock-trading function on its Cash App, which will compete with Robinhood.

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