According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.
Major players like JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying the challenger Starling Bank Ltd., the Times reported.
Banco Santander has closed an agreement to acquire several specialized technological assets of the bankrupted payment solution provider Wirecard.
Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
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.
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 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.
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.
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N26's leadership bench extended with the appointment of Dr. Jan Kemper as Chief Financial Officer.
Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.