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Companies
IBM Steps Up To Create Its First Cloud Platform For Banks...
One of the world’s most trusted major providers of hardware and software will now be building a cloud banking platform. Led by the former Bank of America’s CTO, Howard Boville, IBM’s ambitious undertaking will see the company step up to demand by creating a cloud platform that will enable swift migration for banks and eliminate the burden of meeting considerable regulations surrounding compliance and transference of data in the process...
Capital
Nymbus Receives Timely Capital Injection As Banks Scramble To Meet Digital...
Nymbus, now considered one of banking’s leading providers of specialized software, recently announced a successful Series C funding round that will help the company grow its banking-as-a-service (BaaS) offering. Led by existing investor, Insight Partners, the round is Nymbus’ largest to date, bolstering confidence in its service after a year of rapid adoption for the company’s proven alternative to the traditional banking model...
Leaders
Carol Nelson To Spearhead Monzo’s International Expansion As U.S. CEO
U.K challenger bank Monzo has recently recruited Carol Nelson as its U.S. CEO in a solid bid to expand its operations to the U.S. Despite having first shared its intentions to set its targets on the U.S. in early 2019, this is the largest confirmation of its movements toward the goal since...
Features
FinTechs Could Lead The Charge In Combatting Gambling Addictions In The...
With the UK’s gambling act of 2005 falling under review, changes are unlikely to be implemented be-fore 2022. However, online lender Monzo, is taking matters into its own hands by appealing to the U.K. government to enforce a gambling access block on U.K. bank accounts...
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