NatWest to axe 550 jobs and close its London tech hub

UK lender the NatWest Group has announced that it will cut its headcount by roughly 550 people across the country and to close its London tech hub.

Italian digital banking project raises €45m as the nation is still dealing with Covid-19

Italian banking executives have raised €45m ($50.9m) in a bid to launch a digital bank in a country still dealing with the coronavirus fallout.

Millennial retirement planning app Vantik bags €800,000 pre-seed round

Germany-based Vantik, a retirement planning platform for millennials, has closed its pre-seed round on €800,000.

AlgoMerchant bags $2m investment alongside product launch

Singapore-based AlgoMerchant has reportedly bagged a $2m investment alongside the product launch.

Survey finds majority of financial sector favour hybrid work policy post-pandemic

A survey by Accenture has found almost three-quarters of financial sector workers in the UK would prefer a flexible working policy once the pandemic has come to an end.

Commonwealth Bank bans using banking service for abusive messages

From: RegTech Analyst Hot on the heels of the industry doubling down on preventing financial abuse, one of Australia's biggest banks has stepped up to...

Latin America and teen-focused FinTech services are coming of age as the industry closes...

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Trading software provider Itiviti to buy HgCapital’s ULLINK

Itiviti, a Swedish provider of trading software for banks and trading firms, has agreed to buy ULLINK from HgCapital.

Fintech backer Chicago Ventures eyes $75m for Fund III raise

Seed-stage investor Chicago Ventures is out eyeing up to $75m for its third fundraise.

Estonia-based SPARQ said to close €440,000 investment

Estonian personal finance startup SPARQ has reportedly closed a €440,000 investment from the Baltic International Bank, extending the seed round to a total of €500,000.

News Stories

ZenLedger capitalises on strong year of growth with a Series A close

Tax software developer ZenLedger has scored $6m in its Series A round, after recording 500% revenue growth in the past year.

Ransomware attacks climb dramatically in first half of 2021

A mid-year report by internet security company SonicWall has found the number of ransomware attacks in H1 2021 has already outperformed the entire year of 2020.

Abrigo capitalises on 30% revenue growth with fresh strategic investment

Abrigo, a provider of compliance, risk and lending services, has received a strategic investment from funds managed by Carlyle.

Nationwide unveils new bank cards for the blind

Nationwide Building Society has started issuing ‘dot and notch’ embossed and recycled bank cards for its blind customers.

Amplify closes its seed round to support its mission of driving wealth via insurance

Amplify Life Insurance, a provider of permanent life insurance, has collected $2.5m in its seed round.

Find out how a risk-based approach to cybersecurity can reduce costs and increase compliance

Last year large-scale breaches increased by 300%

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