Author: Sarim Pixako

The digital transformation of financial services that began well before the pandemic has only accelerated in recent months. There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville, senior advisor at growth equity firm General Atlantic, told Karen … Continue reading General Atlantic’s Dr. Jud Linville On FinTechs And What’s Ahead For Banks Continue Reading →

Banks of all sizes are facing challenges when it comes to adopting new open banking standards, as they seek a way to grasp the benefits available with flexible infrastructure. Although a majority of the industry is waking up to the potential that open banking and application programming interfaces (APIs) have, worries still exist when it … Continue reading Overcoming challenges on the road to open banking success Continue Reading →

U.S. Senate Majority Leader Mitch McConnell said on Monday (July 6) that he could be open to more stimulus checks for individual Americans, NBC reported. “I think the people who have been hit the hardest are people who make about $40,000 a year or less. Many of them work in the hospitality industry,” he said, according to NBC. … Continue reading McConnell: Stimulus Checks An Option For Low-Income Workers Continue Reading →

UK Finance, the 2017-formed trade association for UK banking and financial services, has appointed two new managing directors. Both new appointees will join the trade body in the autumn Karen Baxter, a UK police veteran, will head up UK Finance’s economic crime intelligence strategy. Baxter was head of terrorism investigations in Northern Ireland for two … Continue reading UK Finance lands two new managing directors Continue Reading →

The Cyprus Securities and Exchange Commission (CySEC) has fined Commerzbank €650,000 for its role in market manipulation performed by Laiki bank. Commerzbank is fined for dealings between April and May 2011 Cyprus Popular Bank – also known and Laiki – invested in two structured products issued by Commerzbank in 2008. The composer of the portfolio, … Continue reading Commerzbank fined €650k by Cypriot regulator Continue Reading →

Lending Works, a UK peer-to-peer lending platform, has been acquired by private asset manager, Intriva Capital, for an undisclosed amount. The deal, still subject to regulatory approval, sees Intriva buy 100% of Lending Work’s equity. Upon completion, the deal will also see Intriva provide “additional funding and capital” to grow the firm. “We set up … Continue reading Lending Works acquired by Intriva Capital Continue Reading →

CRUX Digital Days: getting to the crux of the tech matter Introducing CRUX – a series of digital days to help you get to the crux of the tech matter – each focused on a key industry our publication covers, reports on and analyses. Be in the know of the latest developments, expertise and thought leadership … Continue reading Introducing CRUX Digital Days – getting the crux of the tech matter Continue Reading →

Lloyds Banking Group CEO, António Horta-Osório, will step down from his role in 2021 after ten years at the helm of the major UK bank. António Horta-Osório has been at the helm of Lloyds Bank since 2011 According to a statement, Horta-Osório has “mixed emotions” about the decision, announced alongside the appointment of new chairman, … Continue reading Lloyds CEO António Horta-Osório to step down in 2021 Continue Reading →

Malaysian firm MFMi Group has charged technology firm Mambu with underpinning its new digital Islamic financial services venture. Around two million people in Malaysia are underbanked The group is part of wider fintech company MFM Synergy, and plans a series of Islamic financial products. MFM Tawreeq, a Sharia-compliant factoring solution, is the first to launch. … Continue reading MFMi Group picks Mambu to power new suite of Islamic products Continue Reading →

South Korea’s financial regulator has reported that 20 million people are using its open banking services. 70% of South Koreans are using open banking services Open banking services launched in the country back in December 2019. So far, 72 companies currently offer open banking related services in South Korea, including commercial banks and fintech firms. South … Continue reading South Korea reports 20m subscriptions to open banking service Continue Reading →