Perenna, a new bank with a mission to structurally change the UK mortgage market, has secured a further $52 million equity investment that will see the business roll-out its long-term fixed-rate mortgage products. The latest funding round is another significant milestone in the business’ launch following the recent approval of its UK banking licence.

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact study, commissioned by Temenos, which surveyed 300 banks across the globe.

NCR Corporation, a leading enterprise technology provider, today announced that it has ranked #5 on the 

IDnow, a leading identity proofing platform provider in Europe, has received the accreditation on the levels medium and high for the UK’s Digital Identity and Attributes Trust Framework (DIATF) for its fully automated, AI-based solution IDCheck.io. Valid for two years, IDnow received this badge from government-accredited Digital Identity Systems Certification.

Starling Bank will pay 3.25% AER interest (variable)* on current account balances of up to £5,000 from 1st October 2023.

The move will mean that all personal and joint account customers earn interest on their balance without having to move their money into a separate account or dedicated pot.

The force behind the digital forces aka datacentres are rapidly advancing in the second-largest Arabian country. With digital and tech advancements proliferating exponentially, the Kingdom of Saudi Arabia is darting forward with its datacentre market, forecasted to cross $1.77 billion by 2027. The growth is being further propelled by multinational corporations expanding their cloud regions in the country, where the cloud services market alone is expected to reach nearly $2.4 billion by 2026. 

The World Federation of Exchanges (WFE), the global body for exchanges and central counterparty clearing houses (CCPs)s, today sets out six principles to promote sound marketplaces in crypto-trading in a new report.

US-based consumer fintech start-up Bright Money has secured $62 million in a fresh round of funding, which consists of a mix of debt and equity.

Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry.

The company successfully raised £10m in its Series B funding round. The round was led by Blackfin Capital Partners, a private investment firm specialising in FinTech. Other notable participants included MTech Capital, board member of Peel Hunt, Darren Carter, and former CEO of Interactive Investor, Adam Seale.

SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions across North America and Europe, announced that Swedish fintech executive Eva Trouin joined the company's International Advisory Board.