Banking
TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
TSB Bank was fined £10,910,500 by the Financial Conduct Authority (FCA) for failing to treat customers in arrears fairly and for lacking appropriate...
Banking
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked, a UK-based fintech, has acquired Waave, a Sydney-based open banking paytech company.
The acquisition is aimed at strengthening Banked’s presence in Australia.
...
AI
HSBC launches embedded finance venture SemFi with Tradeshift
HSBC has launched SemFi, a new B2B embedded finance technology company, through its joint venture with Tradeshift, a San Francisco-based fintech.
SemFi enables...
Banking
Furness Building Society selects Backbase for digital banking overhaul
Furness Building Society, based in Cumbria, UK, has selected Backbase, a Dutch digital banking solutions vendor, to enhance its digital services.
The society...
Banking
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese.
HSBC acquired a minority interest in Monese for £35 million...
AI
New UK fintech Covecta launches configurable AI platform
Covecta has launched a configurable AI platform designed to streamline critical activities for financial institutions' front-line teams.
The platform serves commercial banks, insurers,...
Banking
HSBC group COO John Hinshaw steps down after five years
John Hinshaw, HSBC’s Group Chief Operating Officer (COO), is stepping down after five years and will take six months of gardening leave.
Hinshaw...
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