London
Finastra Partners Fragmos Chain to Digitalise OTC Derivatives Post-Trade
Finastra is collaborating with French blockchain platform Fragmos Chain to provide out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution. The API-first integration via FusionFabric.cloud enables banks globally to digitalise their OTC derivatives products to reduce the costs
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Italian Neobank HYPE Automates Customer Identity Verification With Onfido
Italian neobank HYPE has partnered with London-based identity verification and authentication provider Onfido to automate its customer onboarding process. Launched in 2015, HYPE provides 1.7 million customers with services such as P2P and bill payments, transfers, savings management, and other
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UBS Leverages iProov’s Face Verification Technology for Bank Account Opening
UBS has partnered with London-based identity verification company iProov to offer automated identity verification during the account opening process. UBS launched the UBS key4 banking app earlier in the year to enable clients to carry out their banking transactions entirely
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Revolut Surpassed 25 Million Customers, Eyes Further Global Expansion
Global remittance app Revolut announced that it has surpassed 25 million retail customers worldwide, up from 20 million in July, and is now processing over 330 million transactions a month. The company also plans to expand in Brazil, India, Mexico
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UK’s Banked Gets US$15M Series A Extension to Fuel US Expansion
London-based payments company Banked has raised over US$15 million in a Series A extension round, led by global software investor Insight Partners, following a Series A earlier this year led by Bank of America. Citi, National Australia Bank Ventures, and
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Klarna Launches Price Comparison Tool in the UK, Sweden and Denmark
Buy now, pay later (BNPL) solution provider Klarna has launched a new in-app price comparison tool to provide an alternative to Google or Amazon as a starting point for consumers’ online shopping journeys. Consumers will be able to view product
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Charlotte Crosswell Appointed as Chair of UK’s New Fintech Hub CFIT
The UK’s newly established Centre for Finance, Innovation and Technology (CFIT) has named Charlotte Crosswell OBE as its first Chair, starting on 4 January 2023. Crosswell is the current Chair and Trustee of the Open Banking Implementation Entity (OBIE). Previously,
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UK, Sweden Emerge as Best Fintech Ecosystems in Europe
In Europe, fintech activity is growing in virtually all countries, but performance and maturity levels are found to be the greatest in the UK and Sweden, the two countries that are now leading the region for the size of their
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Wise Closes £300M Syndicated Debt Facility Led by Silicon Valley Bank UK
London-based global remittance firm Wise has closed a £300 million capital facility in a financing round led by Silicon Valley Bank UK, with six other banks participating. The syndicated facility, which was arranged by the bank’s corporate finance team, has
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Moneyhub Kicks Off Fundraise With £40M From Legal & General, Lloyds Bank
Open finance platform Moneyhub has secured an initial £35 million in its latest funding round led by asset manager Legal & General and Lloyds Banking Group, with an additional £5 million debt facility provided by Shawbrook Bank. The investment will
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