Non-bank competitors

462 articles tagged with this keyword

/cloud

JPMorgan Chase boss Dimon hails 'groundbreaking' AI

JPMorgan Chase has more than 300 AI use cases in production, CEO Jamie Dimon has revealed, calling the technology "extraordinary and groundbreaking".

/payments

Citi Digital Money Symposium: How are FIs leveraging data to meet consumer demand?

Finextra attended the Citi Digital Money Symposium, which brought together experts from all over the industry to discuss innovation and emerging trends across the online payments sector in 2023. The conference looked at the challenges that could arise as the payments ecosystem becomes increasingly digital.

/people

N26 chief risk officer quits

German digital bank N26 has lost its third senior executive in a year, with chief risk officer Thomas Grosse leaving for personal reasons.

/payments

FCA grants UK e-money license to Payoneer

Cross-border payments firm, Payoneer, has gained its Electronic Money License (EMI) with approval from the Financial Conduct Authority (FCA).

/payments

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

/retail

LendingClub cuts 225 jobs

P2P lending pioneer LendingClub is cutting its workforce by 14% - 225 employees - as it faces up to reduced demand for its loans.

/people

Atom Bank names CFO

UK challenger bank Atom has named Andrew Marshall as chief financial officer.

/crypto

N26 unveils crypto offering

German challenger bank N26 has launched its first cryptocurrency offering which will enable clients to trade close to 200 virtual currencies.

/regulation

FCA’s amendment to the 90 day PSD2 rule comes into effect

The update will further streamline users’ ability to confirm data access for open banking services.

/payments

Revolut adds Brazil and Mexico to global expansion

Digital bank Revolut has announced its expansion into Mexico and Brazil, with a plan to hire 250 new employees in both countries by 2025.

/regulation

Revolut under pressure over internal audit

Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.

/crypto

Crypto-crime revenue drops by 65% - report

Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.

/retail

Revolut rolls out consumer loans in Romania

Revolut has announced that Romanian customers are able to apply for consumer loans in their local currency.

/crypto

Plaid backs Gemini users for crypto purchases

Crypto exchange Gemini, has connected with open banking and payments platform Plaid, to provide UK customers with the option to buy cryptocurrency through their bank accounts.

/retail

Qonto sets sights on acquisition of Penta

Qonto, online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

/retail

Starling abandons plans to launch in Ireland

UK challenger bank Starling has decided not to pursue an Irish banking licence as it changes its plans for international expansion.

/startups

Fintech valuations fall by half a trillion

Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.

/people

Freetrade to cut up to 15% of staff

During an internal "All Hands" meeting on Thursday the 9th of June, the challenger stockbroking app, Freetrade, announced that it would be implementing redundancies for up to 15% of its staff.

/regulation

EU Digital Markets Act delayed until 2023

The Digital Markets Act (DMA) has been postponed to come into force in early 2023, rather than later this year as previously anticipated.

/payments

UAE grants open banking licence to Tarabut Gateway

Tarabut Gateway, a Bahrain-based open banking platform, has been granted a licence to provide payment services to and from the Dubai International Finance Centre (DIFC).