Monzo founder says the “positive effect of open banking on innovation has been nil”
When open banking was first introduced, it was suggested that it would enable both big banks and smaller firms to innovate. However, the founder of Monzo believes there has been zero positive effects of open banking so far.
Banking API company Teller announce new $4m seed round to take on Plaid
Venture capital Lightspeed Ventures, Founders Fund and PayPal founder Max Levchin's SciFi VC have joined forces to back banking API provider Teller’s new funding round.
Taking the fight: What do RegTech companies think about the EU potentially setting up...
European finance ministers are expected to urge the European Commission to set up a new anti-money laundering authority. Whilst optimistic, RegTech stakeholders expect challenges to come.
What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating...
Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it.
Taiwan has granted its first three virtual banking licenses
Line Financial Taiwan, Next Commercial Bank and Rakuten International Commercial Bank are the three first companies to receive Taiwan’s new virtual banking licenses.
What is strong customer authentication and why should you care?
The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities.
UK government launches review to ensure its finance sector stay strong after Brexit
With the official Brexit date just months away, the British government has just launched a review to see how the country’s financial services can...
Varo Money collects $45m after applying for a national bank charter
Mobile banking solution Varo Money has closed a $45m Series B funding round led by Warburg Pincus.
Warburg Pincus increases stake in Avaloq
Buyout firm Warburg Pincus has increased its stake in Swiss FinTech company Avaloq.
Token takes $15.7m to get banks ready for PDS2
Open banking compliance platform Token has secured a $15.7m investment from investors as the introduction of PDS2 nears.
