FinTech

NatWest to Shut 32 Branches, Tightening Its Retail Network

The bank aims to streamline operations amid changing customer habits.Highlights: NatWest to close 32 branches in a strategic restructuring.The decision reflects a shift towards digital banking.Customers are increasingly using...

Novum Secures UK Pension Fund Backing, Strengthening Fintech Growth

Funding supports expansion of innovative financial services in the UK.Highlights: Novum has received investment from a UK pension...

Apax Spins Out Finastra Treasury and Capital Markets Business, Strengthening Focus

Finastra's TCM unit now operates under the new brand Teciem.Highlights: Finastra's Treasury and Capital Markets unit has been...

TSB Warns of Spike in Romance Scams Amid Rising Online Fraud

Recent increase in romance scams targets vulnerable individuals.Highlights: TSB reports a dramatic increase in romance scams.Victims often lose...

TSB Warns of Spike in Romance Scams Affecting Customers

The UK bank alerts clients about increasing incidents of online fraud.Highlights: TSB reports a significant increase in romance...
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Fenergo appoints new CFO and CRO to drive global expansion

Irish fintech firm Fenergo has made three executive hires, including a chief revenue officer, chief financial officer, and chief people officer. FactsChris Zingo joins...

Illimity Bank sells IT source codes to Engineering Group in €55.5m deal

Italian Illimity Bank has sold its IT platform source codes to Engineering Group in a €55.5 million deal. The agreement will allow Illimity to...

Amex Ventures vets launch $78m fintech fund

Former managing directors of Amex Ventures have raised $78m to establish a fintech fund, Vesey Venture, which will invest in early-stage fintech startups that...

Armalytix delivers income and risk insights tools

Fintech company Armalytix has launched a new set of tools, called Income and Risk Insights, to help financial services firms understand clients' income and...

Volkswagen Financial Services in tech overhaul with Oracle

Volkswagen Financial Services has teamed up with Oracle to modernize its database technologies, complying with data security and local regulations. VWFS migrated the majority...

White paper: Solve hybrid work compliance challenges with Theta Lake and RingCentral

Hybrid work has become a new normal and employees use collaboration tools like RingCentral MVP to maintain digital proximity. However, this creates new challenges...

Finbots.ai credit modelling platform to power Argenic’s SME lending

Singapore-based Finbots.ai has partnered with Australian SME financial solutions provider Argenic to expand financing options for small and medium-sized enterprises (SMEs) in Australia. The...

19th century advice for 21st century problems

Banks are starting to digitize, and it is a hard and dangerous journey, but they have no choice. Mistakes will be made, and some...

Financial automation start-up Clerkie bags $33m Series A

San Francisco-based start-up Clerkie, an AI-led financial automation platform, has raised $33 million in Series A funding led by Left Lane Capital. The company...
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