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Sunday, October 25, 2020
Tags Banks

Tag: banks

Santander doubles funds to $400M with the launch of Mouro Capital

Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.

Starling launches Kite card for kids

British challenger Starling Bank is set to launch the Kite debit card, which is dedicated to being used by children up to the age of 16.

Wirecard says missing €1.9 billion probably does not even exist

Wirecard is a German payments company and its shares have fallen by more than 60% after the firm said its auditors from Ernst & Young had raised questions over cash balances worth €1.9bn last week.

Raisin brings customer services under one roof

One of the stated goals of the Raisin platforms is Europe-wide, cross-border access to financial products. Germany-based Raisin is now making use of the recent acquisition of MHB Bank for bringing customer accounts from 31 countries to its own Raisin bank.

Santander set to hire 3,000 IT professionals for €20bn digital push

Santander bank which has its HQ in Spain, said on Thursday it would hire 3,000 IT professionals worldwide this year to support its digital transformation. This comes when most banks are cutting jobs and costs.

Are central banks going to finally create a digital alternative to cash?

According to a report from research and campaign group Positive Money, central banks should issue a digital version of cash to prevent the ‘privatization’ of money.

JPMorgan Chase closed 1000 branches

JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.

HSBC’s overhaul to be delayed over COVID-19

Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.
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Lunar, the Nordic challenger bank, raises €40m in Series C

Nordic challenger Lunar has managed to raise another €40 million in funding and is about to launch a BNPL product.

Gohenry launches new account designed for teens

Money app gohenry, has released pocket money account for customers aged 13 to 18 years.

Curve Credit will be powered by Thought Machine’s Vault

Thought Machine is a cloud-native core banking technology company and it has been selected by Curve to power it's new 'buy now, pay later' feature, the Curve Credit.