28 FinTech rounds from last week you should know about
The WealthTech and cryptocurrency FinTech sectors were among some of the winners of the investment rounds recorded last week.
Clunky identity verification and AML practices hold back banks from winning at online banking
Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.
Revolut rumoured to soon apply for California banking licence
UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.
FCA bans two Vanguard Wealth Management directors
The Financial Conduct Authority has banned two Vanguard Wealth Management directors from performing regulated activity because of their roles in the submission of false and misleading information about customers’ high net worth status.
Rich people neobank Monument receives restricted banking licence in the UK
The challenger bank for the wealthy Monument has received an authorisation with restriction banking licence from the Prudential Regulation Authority and the Financial Conduct Authority 18 months after its launch.
How OakNorth has weathered the Covid-19 crisis and Brexit so far
Despite Covid-19 and Brexit, challenger bank OakNorth claims to have been able to avoid many of the hurdles other neobanks have faced.
What does the 27 FinTech funding rounds from last week tell you about the...
Over the past seven days we have reported on 27 big FinTech deals. So why not take a closer look at what they mean for the industry.
TrueLayer bags $25m in Series C round
Open banking company TrueLayer has added another $25m to its coffers by tapping its existing investors for another cash injection.
Has digital banking caused a rise in mobile deposit scams?
Fraud is on the rise and part of it is due to the growing adoption of mobile banking, according to a new report from Advanced Fraud Solutions (AFS).
The FCA calls for insights on how to best regulate the consumer investment market
The top UK financial markets watchdog has called for experts' insights into how to best regulate the consumer investment market.
