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Troubled mobile banking startup Monese is formulating plans to splinter the business into separate consumer-facing and corporate concerns amid mounting losses.
23 April 2024
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.
22 April 2024
SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.
Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.
18 April 2024
PayPal Ventures has led an €18+ million Serie A extension for Berlin-based corporate card platform Pliant as it prepares for expansion into the UK.
The UK Centre for Finance, Innovation and Technology (CFIT) is to build two working prototypes of open finance applications for providing financial advice to vulnerable consumers and to speed up credit assessments for SME loan applications.
17 April 2024
Finmid, a German financial infrastructure provider targeting B2B marketplaces, has emerged from stealth with €35 million in early-stage equity funding.
Fintech is back on top as the UK’s most-funded startup sector according to new analysis from HSBC Innovation Banking and Dealroom.
The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.
16 April 2024
The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.
A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.
15 April 2024
Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has formed an alliance with crypto custodian Bitpanda.
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