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Algbra, a UK-founded challenger set to launch late this year, is banking on its self-built backend technology to define it against a backdrop it describes as a “fintech gold rush”. “We’re building a backend on a...

US-based neobank, First Boulevard (formerly called Tenth), has just raised $5 million in seed funding. TechCrunch reports that the fresh capital came from Barclays, Anthemis and a group of angel investors such as...

Finix announced that during its Series B extension, closed last August, it facilitated a special purpose vehicle (SPV) to allocate funds to Black and Latinx investors. In total, 80 Black and Latinx investors contributed...

Banque Misr, one of the largest banks in Egypt, has selected Atos to support its digital transformation project. The Egyptian bank is moving forward with “renewed confidence” Atos will deliver a digital banking...

Three UK banking services start-ups have landed investment recently. Start-up bank Monument has raised over £28 million in its Series A funding round from new and existing investors, brining the total raised capital to...

UK-founded fintech Orenda intends to undercut the banking-as-a-service (BaaS) market following a quiet stealth launch at the beginning of this year. The fintech, founded by Joshua Vittori and David Fox, has also...

Former England footballer Rio Ferdinand has become a shareholder of UK-based payments fintech Sokin. Sokin CEO, Vroon Modgill, says his team is excited to work with Ferdinand Ferdinand is branching into technology...

With the fast-paced nature of the fintech world sometimes it’s easy for announcements to slip by. Here at FinTech Futures we’ve put together a “In Case You Missed It” (ICYMI) list of our funding picks this...

The UK’s Financial Conduct Authority (FCA) has made a handful of new hires among its executive team to drive its data transformation project. Stephanie Cohen (chief operating officer (COO)), Jessica Rusu (chief data,...

Credit fintech Petal has announced the closure of a new committed debt facility totalling more than $125 million. The firm says more than 100,000 people use its Petal 1 card This new facility includes $100 million from...

Lloyds Banking Group has spent a total of £4 billion on technology investments under its three-year digital transformation programme, which was earmarked with a £3 billion budget – a significant increase on the...

The US Federal Reserve suffered a major outage this week which saw its payments systems suffer a shutdown. For more than three hours, systems remained disrupted, after which, the regulator got the majority of them back...

The Bank of England’s governor, Andrew Bailey, has dubbed the EU’s wish to relocate euro-denominated derivatives clearing out of London a “very serious escalation”. Currently, the London Stock Exchange’s...

The Reserve Bank of India (RBI) has published a set of “master directions” to stop online merchants, payment aggregators and e-commerce website from storing debit and credit card details. As reported by Business...

Fast-food franchise Subway, which operates some 42,500 restaurants, has standardised the entirety of its payment operations globally. With the help of French payments giant Worldline, and Canadian electronic payment...

The European Payments Initiative (EPI), founded in July last year by the European Central Bank (ECB) , is finally ready to start building the continent’s first pan-European payment system. With another 17 members –...

Zytara, an upcoming digital bank for millennials and Gen Z, has partnered with technology vendor i2c. Zytara plans to launch in “early 2021” The Californian fintech describes itself as the “world’s first digital...