Curve taps Thought Machine for new credit product
Card consolidation app firm Curve has picked cloud-native core banking vendor Thought Machine to power a new credit and loan offering.
1.2m UK customers affected by February bank outages
A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.
Citi wealth management pushes private bankers to record client calls – FT
Citigroup now monitors the frequency at which private bankers call their clients to push for growth in the wealth management branch of the business, according to reporting from the Financial Times.
Sibos 2025: How to build the bank of tomorrow
Following the popular session on building tomorrow’s bank at Sibos 2024, McKinsey’s Megha Kansal moderated a follow-up session on the year’s developments in Frankfurt.
Banque de France, HSBC, IBM test interoperability of wholesale CBDC
Following experiments demonstrating that DLT can be used with existing networks to complete CBDC financial transactions in real-time, Banque de France, HSBC and IBM have published a paper exploring their key findings.
Digital wealth manager Nutmeg raises £30m
UK digital wealth management startup Nutmeg has raised £30 million in a funding round led by Hong Kong-based independent financial advisory firm Convoy.
Robinhood to buy crypto firm Bitstamp for $200m
Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.
Starling adds digital insurance firm Nimbla to marketplace
Challenger bank Starling has partnered with digital insurance platform Nimbla to offer its 65,000 small business customers the ability to protect themselves from financial losses caused by bankrupt clients.
HSBC leads Series A round in MarketNode
HSBC has led a Series A investment in MarketNode, a Singapore-based digital market infrastructure operator founded by SGX and Temasek.
Computershare named as potential buyer for PrimaryBid
Australian stock transfer agency Computershare is reportedly one of a number of companies looking to acquire UK fintech PrimaryBid which was put up for sale earlier this year
ESG Book raises $35m
Sustainability data and technology provider ESG Book has raised $35 million in a Series B funding round led by Energy Impact Partners.
UBS underpins AI development with data transformation initiative
UBS undertook a massive data transformation effort to support the creation of two domain-specific AI assistants, collectively known as UBS Red.
Google fund invests in KYB verification startup Arva AI
Google’s early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.
Monzo puts API development on the back burner
Digital bank Monzo is putting its API developer plans on ice as it faces up to the challenge of launching current accounts for its 190,000 customers.
Investing app Stash raises $146m
American investing app Stash has raised $146 million in an oversubscribed Series H funding round led by Goodwater Capital.