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Worldline cuts 1400 jobs

/payments

Worldline cuts 1400 jobs

French payments giant Worldline is axing around 1400 jobs - eight per cent of its workforce - as part of a cost reduction programme.

DBS chief Gupta docked millions of dollars in annual salary over outages

/people

DBS chief Gupta docked millions of dollars in annual salary over outages

DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank's payments and ATM services last year.

Ainsworth departs from Open Banking Limited

/people

Ainsworth departs from Open Banking Limited

Alan Ainsworth, policy and strategy director of Open Banking Limited (OBL), is moving on after six years in the role.

Virgin Money warns of more job cuts after culling 150 staff in Q1

/people

Virgin Money warns of more job cuts after culling 150 staff in Q1

Virgin Money is to make more job cuts after dropping the axe on 150 positions in the first quarter.

Metro Bank CFO James Hopkinson to step down

/retail

Metro Bank CFO James Hopkinson to step down

Metro Bank has announced its CFO James Hopkinson will leave his role after joining in September 2022.

OakNorth appoints Lord Adair Turner as chairman

/people

OakNorth appoints Lord Adair Turner as chairman

House of Lords member Lord Turner of Ecchinswell - Jonathan Adair Turner - has experience across Standard Chartered Bank, Siemens UK, Merrill Lynch Europe, and McKinsey.

Fujitsu partners with Palantir Technologies to boost business transformation

/devops

Fujitsu partners with Palantir Technologies to boost business transformation

Sustainable digital transformation company Fujitsu has allied with Palantir Technologies to boost business transformation in Japan and solve societal challenges.

Ousted OpenAI boss to work for Microsoft

/people

Ousted OpenAI boss to work for Microsoft

Sam Altman, the former CEO of OpenAI, the developer of generative AI platform ChatGPT, has resurfaced at Microsoft just days after he was pushed out by the board of directors.

NatWest cuts Alison Rose payout following de-banking scandal

/retail

NatWest cuts Alison Rose payout following de-banking scandal

NatWest has scrapped over £7.5 million of former chief executive Alison Rose’s payout following her forced resignation due to the shutdown of Nigel Farage’s bank accounts.

Revolut expanding team to target mortgage financing in Europe

/people

Revolut expanding team to target mortgage financing in Europe

Revolut is looking to hire global candidates to enhance mortgage products for their customers in Europe.

Citi Commercial Bank appoints Gunjan Kalra as APAC head

/people

Citi Commercial Bank appoints Gunjan Kalra as APAC head

Gunjan Kalra will take on her new role in September 2023, and will report to the global head of Citi Commercial Bank (CCB) Tasnim Ghiawadwala and APAC CEO Peter Babej.

Puneet Chandok, head of AWS India and South Asia resigns -TechCrunch

/people

Puneet Chandok, head of AWS India and South Asia resigns -TechCrunch

Head of Amazon Web Services in India and South Asia, Puneet Chandok, has resigned.

Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

/people

Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.

IFGS 2023: How are neobanks challenging incumbents in 2023?

/people

IFGS 2023: How are neobanks challenging incumbents in 2023?

The afternoon IFGS sessions kicked off with a fireside chat looking at whether Neobanks are still creating that challenging atmosphere they have been known for. Finextra’s own senior reporter, Paige McNamee, moderated the session and was joined by Mark Mullen, CEO of Atom Bank, and Valentina Kristensen, director of growth and communications at OakNorth. Kristensen had her new baby Leo on stage with her.

HSBC hires ex-SVB bankers to focus on US ‘innovation economy’

/startups

HSBC hires ex-SVB bankers to focus on US ‘innovation economy’

Following the collapse of Silicon Valley Bank (SVB) in March, HSBC is now hiring around 40 ex-SVB bankers to establish a new unit targeting tech, healthcare, and VC funds in the US.

Childhood financial education backed by Centre of Financial Capability

/inclusion

Childhood financial education backed by Centre of Financial Capability

On the 29th of March, the Centre for Financial Capability organised a charity event in UK Parliament to push for widespread and standardised financial education in the UK.

Mind the gap: Revolut's mean gender pay differential increases

/people

Mind the gap: Revolut's mean gender pay differential increases

Revolut's attempts to bridge the gender pay gap at its business appears to be going into reverse, with the mean differential between women and men increasing from 22.7% last year to 25.4% as of April 2022.

European Payments Council names Giorgio Andreoli Director General

/people

European Payments Council names Giorgio Andreoli Director General

Etienne Goosse will step down as Director General of the EPC from April 2023 after 12 years in the role.

Accenture to cut 19,000 employees as corporate spending wanes

/people

Accenture to cut 19,000 employees as corporate spending wanes

Accenture has announced it will cut 19,000 jobs, 2.5% of its workforce, over the next 18 months. This follows a number of cutbacks in the finance and fintech sector amid a slowdown in IT spending.

Earned wage access platform Rain raises $116m

/payments

Earned wage access platform Rain raises $116m

Earned wage access platform Rain has closed a Series A round comprised of $66 million in equity and another $50 million in debt.

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