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Revolut under pressure over internal audit

/regulation

Revolut under pressure over internal audit

Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.

Hong Kong to introduce subsidies to attract fintechs

/people

Hong Kong to introduce subsidies to attract fintechs

The Hong Kong government is set to bring in a number of financial incentives to address what has been termed as a skills shortage, especially in terms of the fintech sector.

Varo Bank’s proposal to reform the CRA champions financial inclusion

/regulation

Varo Bank’s proposal to reform the CRA champions financial inclusion

The Community Reinvestment Act (CRA) was created in order to ensure that the credit needs of lower income communities in the US were accommodated by local financial institutions. However, many financial firms are proposing a reform of this act to be more inclusive of low and moderate income communities.

/startups

Caju Benefícios raises $25m

Caju Benefícios, a leading flexible benefits management platform, today announced it has raised a $25 million Series B round led by K1 Investment Management, a Los Angeles-based investment firm focused on high growth B2B software companies.

Hong Kong deemed 'uncompetitive' by fintechs

/startups

Hong Kong deemed 'uncompetitive' by fintechs

A survey of fintech executives has labelled Hong Kong as uncompetitive in relation to other financial centres around the world.

NatWest rolls out menopause support app for employees

/people

NatWest rolls out menopause support app for employees

NatWest is rolling out an app to support staff of menopausal age and their partners, providing access to personalised advice, practical information and structured wellbeing support programmes from expert practitioners.

/people

Prytek Ventures names CEO

Prytek, a multinational technology group with a focus on building and investing in technologies and delivering managed services, announces that it has appointed Noga Knaz as its CEO of Prytek Ventures to provide the Corporate Venture Capital (CVC) arm with more management attention and concentrating on early-stage fintech startups.

Cape taps former Prospa head Ben Lyons as chief revenue officer

/people

Cape taps former Prospa head Ben Lyons as chief revenue officer

Australian fintech Cape has appointed Prospa’s former head of growth, Ben Lyons, as their new chief revenue officer.

/people

Standard Chartered appoints Ayesha Abbas to lead the bank's digital offering

Standard Chartered Bank (the Bank) announced today the appointment of Ayesha Abbas as Head of Consumer, Private and Business Banking, UAE (CPBB UAE).

/markets

Seedrs launches private investing community

Seedrs, the leading private investment platform with over £2BN in investments recorded to date, has today launched the inaugural Seedrs Venture Partner programme, a new curated community for VCs, accelerators, ecosystem builders and serial entrepreneurs. Seedrs’ Venture Partner community will bring together established and emerging investors and influencers in private investing to support one another through global deal flow, mentorship, and collaboration to help founders get further ahead.

Workplace benefits platform Ben raises $16m

/startups

Workplace benefits platform Ben raises $16m

Employee benefits platform Ben has raised $16 million in a Series A funding round led by Atomico.

EBA warns talent shortage will hamstring crypto regulation

/crypto

EBA warns talent shortage will hamstring crypto regulation

European regulators are facing challenges in finding talent to help regulate crypto, a chair of the European Banking Authority has warned, underscoring concerns around the capacity of authorities to supervise the industry.

/people

Mollie taps WorldPay exec, Michaela LeBlanc, as VP of partnerships

Michaela LeBlanc Weber has joined Mollie as our new Vice President of Partnerships, working to develop and maintain our strong relationships with local and global partners. Michaela will lead the development of our partner network to provide small- and medium-sized ecommerce businesses with access to cutting-edge SaaS-based tools and help them to compete with larger ecommerce competitors.

/people

Elvira Kruger hired as head of transaction services at ING

Elvira Kruger (44) has been appointed head of Transaction Services (TS) at ING as of 1 October. She succeeds Mark Buitenhek, who has decided to step down as head of TS. Elvira will be part of the Wholesale Banking Management Team and report to the Head of Wholesale Banking, Andrew Bester.

/people

Wise hires Isabel Naidoo as chief people officer

Wise, the global technology company building the best way to move money around the world, today announces the addition of Isabel Naidoo as Chief People Officer.

/people

PayU appoints Attila Kulcsar as global payment CFO

PayU, the leading online payment service provider operating in 50 emerging markets, has today announced the appointment of Attila Kulcsar as the new Global Payments Chief Financial Officer.

/payments

Sonovate: Freelancers having to wait three times longer to get paid than full time staff

Contract work may be on the rise following the Covid pandemic, but freelancers are still having to wait three times longer to get paid than full time staff as firms struggle with both cashflow and payroll issues, research shows.

Bank of Ireland triples length of paid paternity leave

/people

Bank of Ireland triples length of paid paternity leave

Bank of Ireland has introduced a new policy that triples the bank’s current paternity leave, allowing an employee to take six weeks of paid leave within the first six months of the new child’s life.

/retail

Virgin Money partners with BrightHR for small business current account offering

Virgin Money is partnering with BrightHR, the award-winning multi-service HR platform, to provide its small business customers with support managing all their HR and health & safety needs.

/people

Curve appoints Eyal Galina as chief product officer

Curve, the financial super app which empowers customers to understand and master their finances by combining all debit, credit and loyalty cards into one, has announced the appointment of Eyal Galina as Chief Product Officer.

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