MoU

UK and Singapore sign FinTech-focused MoU

The UK and Singapore have signed a Memorandum of Understanding focused on strengthening FinTech trade and cooperation between the two nations.

Urban Jungle said to raise £1m seed round

UK-based InsurTech solution Urban Jungle has reportedly netted £1m in a seed round of funding.

Barclaycard to increase contactless payments cap

Barclaycard is set to increase the spend limit for contactless payments to £45 from 1 April 2020.

The Foundry Group closes seventh fund on $750m

Early stage venture capital firm The Foundry Group has closed its seventh fund on $750m.

UK banks ahead of US and Canada for integrating fraud and financial crime compliance...

UK banks are ahead of those in Canada and US for integrating their fraud and financial crime compliance systems and activities, according to new research from Ovum, on behalf of analytics software firm FICO.

FCA fines Barclays £26m for how the bank treated credit customers

Barclays has been slammed with a £26m fine after a City watchdog found that it treated consumer credit customers who experienced financial difficulties poorly.

Catch bags Series A to enhance its independent worker-focused benefits app

Catch, a portable benefits platform for independent workers, has scored $12m in its Series A round, which was led by Crosslink Capital.

UK’s CMA warns Monzo over banking order breach

The UK’s Competition and Markets Authority (CMA) has warned Monzo over a breach of retail banking regulations.

Acorn and Joist join forces to embed financing offers

Acorn, an embedded lending marketplace for home improvement financing, has teamed up with Joist, an EverPro solution, to embed financing offers into the Joist mobile platform.

Lulu Exchange invests $3.5m in ARKIN to offer new digital solutions

Lulu Exchange, a global foreign exchange and money remittance enterprise, has invested $3.5m in tech startup ARKIN Technologies.

News Stories

Muinmos

Danish RegTech Muinmos appoints new commercial director

Muinmos has named Jens Woeste, an industry veteran of capital markets, as the company’s new commercial director.
Israel-based-bondIT-secures-$14m

Israel-based bondIT secures $14m

Israel-based bondIT is an investment technology developer for investment firms and has secured a $14m investment led by BNY Mellon.
Starling-Bank-releases-virtual-cards

Starling Bank releases virtual cards

UK-based challenger bank Starling Bank has released new virtual cards for Personal Current Account customers. It has also updated its Spending Insights.
Italy

Bank of Italy pushes back on government’s pro-cash policies

The Bank of Italy, the country’s central bank, has shot back at the new Italian government over its plans to promote cash over digital payments.
Membrane

Membrane Finance nets €2m in seed financing

Finnish FinTech Membrane Finance, a company building a European alternative to the USD stablecoin, has secured its e-money licence and raised €2m.

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