The blatant truth nobody wants to hear.

“Too many transactions that go into crypto exchanges are fraudulent, and until the industry puts in more and more controls ... we all have to be wary of that space,” Anne Boden told Financial News at the City Week annual conference in London on 27 April.

“The majority of people are buying it for speculation,” added Anne Boden.

#london #people #crypto #banking

Yugabyte, the leader in open source distributed #SQL #databases, has announced a technology partnership with global banking software market leader Temenos.

Temenos, whose systems serve 1.2 billion people – one-third of the world’s banked population, has chosen Yugabyte DB as a strategic database to power the core banking capabilities of Temenos open platform for composable banking.


#database #technology #people #software #banking #leader #opensource

It's only the beginning

Klarna lays off 10% of its workforce

The company currently employs around 7,000 people. Cutting 10% of the company’s workforce means that around 700 people will lose their job at the #fintech company. It will potentially affect all domains and offices around the world.

#job #people #crisis #capitalism

Raisin, a #Fintech providing a savings marketplace across Europe and elsewhere, has surpassed €25 billion in assets under management (AUM).

The Berlin-based financial services firm says its business model is booming during an economically uncertain time as many people have discovered the savings platform products as an alternative to zero and negative interest rates.

#business #management #people #financialservices #interestrates #europe

New times ask for new tools.

Starling Bank has upgraded its Spending Insights tool to help people improve their money management skills as the cost of living crisis bites.

Thirty-six new spending categories have been introduced, giving customers instant access to monthly spending data across each category. Starling Bank is also rolling out a search capability that lets customers gain insights on specific categories, vendors and purchases.


#data #management #people #help #bank

Starling Bank is on the verge of acquiring a £500 million mortgage book from specialist lender Masthaven Bank.

Citing people familiar with the matter, The FT reports that Starling Bank is bidding to diversify lending away from the government-backed Covid-19 loans that constitute most of its assets.

#people #mortgage #covid #bank #loans #acquisition

Griffin, the UK-based Banking as a Service firm, today announces the promotion of Maria Campbell to Chief Operating Officer.

Maria Campbell first joined Griffin in 2021 as Vice President of People.

Maria will be responsible for executing the firm's commercial growth strategy in this new role, and embedding operational excellence and resilience into the business as it scales.

#business #people #growth #banking #coo

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Chris Ainsworth has joined the Company as its first Chief People Officer, serving as a member of the nCino, Inc. Executive Leadership Team.

“At nCino, Inc., one of our highest priorities and most valuable assets has and will continue to be our people,” said Pierre Naudeé, Chairman and Chief Executive Officer of nCino, Inc.

#team #leadership #cloud #people

Amount, a #fintech that reached unicorn status last year, has laid off 18% of its workforce.

The exact number of how many people were affected is not known, but when TechCrunch reported on its last raise in May of 2021, the company said that it had 400 employees. If that is still the case today, then about 72 people were let go. When contacted, the company confirmed that the 18% figure was correct but did not specify the exact number.

#people #fintech #techcrunch #layoffs #unicorn

Payments giant Visa is in talks to join an extension of the #fintech startup Airwallex’s latest funding round, according to people familiar with the matter.

The Tencent Holdings Ltd.-backed startup is seeking to raise $100 million to $150 million in an extension to its series E round, the people said.

#payments #startup #people #funding #visa #tencent

That's rather unexpected nowadays.

Mastercard is ramping up hiring, says CFO

Mastercard’s second-quarter net income increased to $2.3 billion from $2.07 billion in the year-earlier period. The company expects operating expenses to “grow at the low end of a low double-digit rate on a currency-neutral basis, (excluding acquisitions and special items),” Sachin Mehra says. This reflects the continued investment in people, he says.

“We’re growing our business,” Sachin Mehra says. “And growth basically means we’re investing in new areas and building new capabilities.”

#hiring #business #people #growth #mastercard

#Fintech firm Plaid recently announced that financial services industry veteran Meghan Welch has joined as the firm’s very first Chief People Officer.
Meghan’s over 20 years of professional experience at Capital One, “most recently as the Executive Vice President, Head of Enterprise HR and Chief Diversity Officer, will be a great asset as we scale to support the millions of people who rely on Plaid to connect to fintech apps and services.”

#financialservices #experience #hr #people

A venture that’s majority-backed by Walmart Inc. is poised to emerge from the shadows this month with digital bank accounts meant for the retail giant’s 1.6 million US employees and legions of weekly shoppers. In coming weeks, the company will start offering the accounts to thousands of workers and a small percentage of its online customers as part of an initial beta test of the new service, according to people with knowledge of the matter.

#people #digital #retail #online #banking #walmart

Four months after it slashed around 10 per cent of its global workforce, Klarna is now planning another round of layoffs.

The ‘buy now, pay later’ giant shared the news in a video call to employees on Monday, as reported by Swedish news site SvD.

The news comes after a rocky nine months for the #fintech – it saw losses more than triple in the first half of the year, its valuation slashed by 85 per cent and has already let go of around 700 people.

#people #klarna #layoff #valuation #bnpl

Online banking startup Chime, which before this year’s market meltdown had been widely seen as a candidate for a blockbuster initial public offering, is slashing 12% of its 1,300 person workforce, or around 150 people, a spokesperson said.

#people #startup #banking #chime #fintech #fintechnews

Daylight, which claims to be the “first” and “only” digital bank designed to build the financial products and services to help queer people live their best lives, announced $15 million in new financing led by Anthemis Group, “with participation from CMFG Ventures, Kapor Capital, Citi Ventures, and Gaingels, among others.”

#digital #people #help #bank #funding #fintech #fintechnews

First came the U.K. Now, apparently, Germany.

JPMorgan Chase & Co. is planning to launch a digital bank in Germany in late 2024 or early 2025, Bloomberg reported Wednesday, citing people familiar with the plans

#people #digital #bank #bank #planning #jpmorgan #chase #digitalbank #germany #fintech #fintechnews

UK-based fintech firm Monzo Bank has been approached by several investment banks about a potential initial public offering (IPO), reported Business Insider.

People aware of the matter told the publication that the fintech has received offers from banks eager to handle a prospective IPO.

#fintech #business #investment #people #banks #bank #neobank #uk #monzo #ipo #fintechnews

UK cloud-native core banking vendor Thought Machine is gearing up for growth by boosting its global headcount by more than 20% - 125 people - as it makes its first hires in India, Japan and South Africa.


#cloud #growth #banking #people #hiring #spree #thoughtmachine #fintech #fintechnews

Infosys has bagged a digital transformation deal with Nordic-based Danske Bank valued at $454 million for a period of five years. The Bengaluru-based software exporter will also acquire the lender’s IT centre in Bengaluru that employs 1,400 people.

#people #digitaltransformation #software #bank #infosys #mbanq #India #fintech #fintechnews