UK Competition and Markets Authority Tells Banks to Work Harder for their Customers, Demands Change from Banks by JD Alois

Don’t Trust Big Banks: FinTech Australia Questions Delay on Consumer Friendly Legislation

FinTech Australia, the leading voice for innovative finance in Australia, has published a note asking if one can trust big banks when it comes to consumer friendly regulation. The missive was in response to chatter that big banks are attempting to roll back or delay… Read More

Starling Bank Debuts First Personal Loan Products Offering Up to £5,000

Digital challenger bank Starling Bank announced on Thursday the launch of its first personal products. This news comes just after Starling Bank launched its Banking-as-a-Platform APIs to allow businesses to offer their own unique retail banking payments services, including card issuing as an API. According… Read More

Crypto Mining Chip Producer Bitmain Technologies IPO Could Be as High as $18 Billion

More information is now available since Crowdfund Insider first covered Bitmain’s IPO reveal in late July. Bitmain Technologies Ltd., the world’s biggest cryptocurrency mining chip producer, has a Hong Kong IPO in the works for a September launch that could reportedly raise as much as… Read More

Peter Thiel-Backed Opening Banking Platform Deposit Solutions Secures $100 Million Through latest Investment Round Led By Vitruvian Partners

Deposit Solutions, a Germany-based opening banking and international platform for savings deposits, announced on Wednesday it secured $100 million through its latest investment round, which was led by Vitruvian Partners with participation from Kinnevik and existing shareholders including Deposit Solutions‘ first institutional shareholder e.ventures. The funds reportedly bring… Read More

Wyre’s Retail Cross-Border Payment Service Now Being Acquired By WorldFirst

Wyre, a U.S.-based money transfer service, announced this week it has entered into an account transfer agreement for the sale of its retail money transfer business to money transfer firm, WorldFirst. This news comes just after Wyre announced its API was being extended to dapps… Read More

Square Update: Reader Now Can Process Chip Cards in Just Two Seconds Without Signature Required

Payment process platform Square announced this week it has updated its Square Reader for contactless and chip and Square Register will now process chip cards in just two seconds (previously 3.6 seconds) without the requirement of a signature. While sharing more details about the update, Jesse Dorogusker, Head of Hardware… Read More

Banking for the Cryptocurrency Age: Palladium to Purchase European Bank, Predicted to Become a “New Global Leader in Fintech”

At the beginning of July, a new blockchain startup in Malta was announced. Malta, being one of the most crypto friendly countries around, has become host to multiple exchanges and blockchain startups. In an industry not known for being humble, Palladium was revealed as the… Read More

OpenFin Appoints Former Deutsche Bank Executive Stephen Wood As New Global Head of Enterprise Deployment

U.S. fintech OpenFin announced on Wednesday it has appointed Deutsche Bank’s Head of Market Data, Risk, and Compliance, Stephen Wood, as its newly created Global Head of Enterprise. OpenFin reports that Wood brings to its team more than 20 years of financial services industry experience, along… Read More

UK Government Announces Winners of Prize by Tech Firms Helping UK Renters Boost their Credit Score

The UK government has announced the names of three Fintechs that have won their “Rent Recognition Challenge.” The competition was simple: find a way to incorporate rent within credit scores to make it easier for renters to gain a mortgage. The three firms are: Bud:… Read More

FinTech Australia Gains Backing of Government to Support Annual Fintech Conference Intersekt

FinTech Australia has shared that the Victorian Government will increase its support for Fintech by signing on to be the major sponsor of Intersekt for the next two year.  Intersekt is billed as the leading Fintech event in Australia. “The Victorian Government and Minister Dalidakis… Read More