Fintech lenders
Starling soars, RBS, Citibank struggle in league table of best banks
Third-placed First Direct continues to provide a much better service than its parent company HSBC
Wirecard sells UK card technology unit in fallout from corporate scandal
A spokesperson for Wirecard said it expects job losses among its 80 UK staff
2 min read
German parliament to investigate government failure over Wirecard
Prosecutors suspect top former executives, including former Chief Executive Markus Braun, of commercial fraud and market manipulation
4 min read
Challenger banks’ crusade to rescue balance sheets ahead of next reporting season
Finding ways to put balance sheet capacity to work will be a big focus for neo-banks in the run up to their next round of financial reporting
4 min read
Will the CMA put paid to Visa’s bid for Plaid?
Welcome to your weekly roundup of the latest developments in financial tech and innovation
5 min read
Credit Suisse review of funds shines light on SoftBank’s multiple roles
Fund documents reviewed by The Wall Street Journal don’t disclose SoftBank’s connection to Greensill or to the companies receiving financing
5 min read
MW Mastercard scoops up open-banking company Finicity in big digital push
Finicity has relationships with banks and other financial providers, and the company helps third-party platforms leverage financial credentials in a secure platform
2 min read
SoftBank-backed OakNorth seeks sale of $400m stake
The secondary sale comes as Covid-19 continues to ravage economies all over the world. In the US, companies have shuttered in an attempt to stop the spread of the virus
1 min read
Monzo CEO stepped down after being “stifled” by regulatory burden, says key investor
The Monzo board member says Blomfield’s switch to president will give him time to focus on what he’s best at
2 min read
Monzo CEO’s shock move raises questions for digital bank
The need for Monzo to progress towards making money has become all the more acute since the coronavirus crisis began
4 min read
Fintech lenders’ admin troubles hold up coronavirus loans scheme
Most of the fintech firms approved under the Coronavirus Business Interruptions Loans Scheme are yet to begin lending
4 min read
