Tag: Banking

Netherlands-based financial service provider Finom has reportedly netted $12m in funding as it prepares to grow across Europe.

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

US challenger bank Chime has reportedly become one of the world highest valued FinTech companies after reaching a staggering $14.5bn valuation.

UK bank Lloyds has continued its programme of making employees redundant as it moves towards modernising the company.

Worryingly, over 90% of British consumers believe they are uneducated about personal finance and nearly half (47%) of them are looking to banks to help them, research shows.

Wales-based challenger bank Chetwood Financial has reportedly raised £10m in funding from hedge fund Elliott.

Pollinate, a software developer helping digitise merchant acquiring for banks, has partnered with Mastercard to improve data insights for banks serving SMEs around the world.

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.

Banking technology firm Thought Machine has joined the Banking Industry Architecture Network (BIAN), a non-profit organisation that promotes and provides a common framework for banking.

Digital banking platforms will help banks to deploy technology quicker and more cost effectively, helping them better compete with challenger banks, according to a new blog post from Nucoro.