European financial marketplace Raisin raises $30m in Series C funding
Raisin, the financial marketplace that connects customers looking to save with the most attractive deposit offers from European banks, has raised $30 million in Series C funding.
Fintech
HSBC to close 62 more branches in 2017 because of mobile banking
HSBC will close another 62 branches this year that will result in 200 jobs being lost, saying the restructure is due to the rise of mobile and internet banking.
UK banks to use Post Office network to expand face-to-face banking
UK Banks have partnered to allow customers to perform their day-to-day banking activities at the Post Office's 11,600 branches. It's being described as the biggest expansion in face-to-face banking access in a generation.
Starling Bank becomes first digital-only bank to join Faster Payments as direct partner
Starling Bank has become the first digital-only bank to join the Faster Payments Scheme as a direct participant. Traditionally, new bank entrants join the scheme via a sponsor, or another bank.
Financial services and the power of partnerships for global success
Marca Wosoba, Head of International Development at World First, looks at the changes and disruptions in the financial sector, and identifies the importance of strategic partnerships.
Mobile payments less useful than front-facing ‘selfie’ cameras, new research finds
New research suggests that mobile payments still have a way to go before they become an ingrained part of everyday payments, but more importantly, life.
Wirecard partners with Apple Pay in France
Wirecard has partnered with Apple Pay in France to launch boon, its mobile payment application.
Funding Circle raises $100 million
Funding Circle has perhaps started 2017 in a better way than most. The London-based lending platform that connects small businesses with investors has raised $100m (£82m) in equity investment.
iZettle raises $63m and appoints new CFO
IZettle, Square's European rival, has raised €60m ($63.4m) in new funding and has also appointed a new CFO, Maria Hedengren.
ING to launch contactless charity collection boxes
ING has partnered with Dutch startup, Whydonate, to create a contactless charity collection box to help keep the charity sector innovative in a time when cash is being used less frequently.
