Company News

Revolut has added American Express to its open banking feature, which means UK retail customers can connect their American Express and other banks accounts to the neobank.

Payment startup Curve has warned its customers that their services will be disrupted because of the Wirecard scandal having prompted the Financial Conduct Authority (FCA) to freeze all of the payment giant's assets.

As the Wirecard scandal continues, UK-based FinTech ANNA Money has been forced to suspend all of its cards and accounts. Its customers are not happy about it.

Global Open Finance Centre of Excellence (GOFCoE) has received £22.5m in new capital to strengthen the FinTech ecosystem by providing a place to research and develop innovative solutions in the open banking and financial data space.

Insurello has secured $8.04m in a new investment round led by Inventure and Schibsted with the participation of existing investor Luminar Ventures.

Belgian bank KBC is from now on enabling its customers to use wearable technology to conduct contactless payments.

German challenger bank N26 has extended its partnership with international payments company TransferWise, which will enable it to offer more options for foreign currency transfers.

FinTech Memo Bank has raised ?20m in a Series A round led by BlackFin Capital.

Capital Markets Gateway (CMG), a FinTech specialising in equity capital markets, has secured a strategic investment of $25m from several financial firms.

The number of new vulnerabilities in open source packages was down by 20% compared to last year, suggesting cybersecurity efforts are progressing, according to a report from developer-first security platform Synk.