CMA chief exec to leave role in July 2022

Andrea Coscelli took over as CEO in July 2016, having joined in 2013, and has headed up the organisation throughout the implementation of Open Banking in the UK.

Digital transformation is top priority for banks globally

Bottomline’s Teresa Connors and Ed Adshead-Grant reveal the key findings from its latest report, ‘The Future of Competitive Advantage in Banking and Payments’ to Open Banking Expo TV.

House of Lords Committee casts doubt on benefits of UK retail CBDC

In a report, the Economic Affairs Committee concluded there is ‘no convincing case’ for a digital pound, highlighting the ‘significant’ challenges for financial stability and the protection of privacy.

UK fintech Twig secures $35m in Series A round

The financing will be used to fund the rollout of its Web 3.0 green payment infrastructure and US and EU expansion.

BNPL provider Anyday teams up with Latvia’s Nordigen

Through the partnership, Anyday will be able to conduct more detailed credit checks. valued at $40bn after securing $1bn in Series D round

The investment will be used to drive its push into the US market, where the company plans to grow its employee base by 200% in 2022.

Tandem Bank acquires lender Oplo to form green digital bank

The combined business will have £1.2 billion in assets and £1 billion of funding.

Envestnet | Yodlee collaborates with The Pension Lab for pensions dashboard

The partnership will see The Pension Lab integrate Envestnet | Yodlee’s data aggregation capabilities to give consumers oversight of all their pension pots.

Herconomy secures £450,000 investment in bid to become ‘leading neobank for women’

The proceeds from the oversubscribed funding round will fund recruitment, marketing and technology efforts.