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German digital bank N26 has been issued an order by its country’s financial regulator, Bafin, to improve its current anti-money laundering (AML) measures. This isn’t the first time N26 has received a reprimand on...

Facebook-backed Diem Association, the digital currency project formerly known as Libra, will now operate out of the US. First reported by CNBC, Diem announced it had withdrawn its application for a Swiss payment...

The chief financial officer (CFO) has never been under as much pressure to deliver more accurate cash forecasts – the anticipated revenue, spending, and liquidity data that acts as the rudder for all corporate...

In Dear Luc, we answer the questions the industry’s fintech founders are too afraid to ask, and solve the problems they don’t want their VCs to know about. From regulation readiness to technology teething...

One of the greatest issues that trouble digital banking teams worldwide is extended go-to-market time. Challenger banks are hailed for their success in catering to emerging customer needs by rolling out new digital...

eBay told UK customers this week it was replacing PayPal, currently used as the primary payments option on the auction platform, with direct bank transfers. Customers have therefore been asked to add the details of the...

Lili, a part New York, part Israel-founded banking challenger for freelancers, has raised $55 million in its Series B round. Fintech-focused venture capital firm Group 11 led the round, which also enjoyed participation...

Riten Gohil, partner and co-founder at compliance and risk technology firm Sphonic joins us on this latest episode of the What the Fintech? podcast. We cover a ranger of topics, including Mastercard acquiring Ekata in a...

Banking Tech Awards 2021 are now open for entries, marking their 22nd year! These prestigious annual awards recognise excellence and innovation in the use of IT in financial services worldwide, and the people who make...

National Australia Bank’s (NAB) AUD 220 million ($169 million) acquisition of 86 400, a Sydney-based digital bank targeting retail consumers, has landed approval from the Federal Court of Australia. The latest win...

HSBC is on track to hire 1,000 frontline roles across its Asian wealth management business by the end of 2021, South China Morning Post reports. In February, the UK high street bank announced its plan to pump $6 billion...

EarlyBird, a Chicago-based fintech start-up, is encouraging America’s adult population to re-think their gift-giving habits when it comes to theirs and others’ children. Instead of “spending hundreds of dollars on...

Commerzbank has reached a deal with its employees over a job cutting plan which will see 10,000 roles lost. The agreement is part of new chief executive Manfred Knof’s plans to return Commerzbank back into the...

Two weeks into May and there have already been a handful of fintech fundraising rounds for a collection of the sector’s up and coming companies. Vivid Money German fintech Vivid Money raised the pick of the...

Vista Bank Group, a bank holding company in Africa based in Guinea, has picked Radar Payments to underpin its processing activities. Vista Bank “is taking bold decisions” when it comes tech The bank has operations...

UK peer-to-peer (P2P) property lender The House Crowd’s collapse in February was a result of a series of governance failures, The Times reports. In the months leading up to its insolvency, The House Crowd had...

Fronted, a start-up aiming to help renters afford deposits up front, has raised £1 million in debt and equity. Amongst its investors are Monzo co-founders Paul Rippon and Gary Dolman. Rippon is now chairing...

InvestCloud has announced a strategic acquisition of Advicent, a cash flow, trust and tax financial planning provider. InvestCloud says it wants to bridge the advisor-client gap Advicent, part of the Vista Equity...