After neobanks, or 'challenger banks' in the UK, made headway in the market on the back of the 2007-2009 banking crisis, their impact on conventional banks has been significant. Promising a more customer-focused, transparent and technology-oriented service, they represented a faster, easier and more convenient alternative to traditional banks. This, combined with digital disruption across the board when it comes to customer experience, not just in banking, has made gaining a competitive advantage tough for incumbent banks.

Saxo Bank is pleased to announce the successful completion of its transaction involving the sale of Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Financials Denmark. All relevant agreements have been duly signed, formalising the closing of this transaction.

As part of this transaction, Saxo Bank receives its own shares in return - equivalent to approximately 2% of the outstanding Saxo Bank shares.

Form3, the cloud-native account-to-account platform, today announces it has strengthened its Executive Management Team by appointing Matt Tuck as its new Chief Commercial Officer, joining on 11 September. Matt’s focus will be to support new and existing customers’ payment technology needs to enable their market growth and to continue delivering service excellence.

Appital, the peer-to-peer price discovery and liquidity sourcing technology for asset managers, announces the launch of Appital Insights™, an industry-first initiative that unlocks liquidity unavailable via traditional electronic trading venues. 

Berlin-based fintech Upvest is set to provide Plum, the smart money app, with its investment API, enabling Plum to expand its range of investment opportunities to EU customers. 

DDC Financial Group’s awaited flagship event entitled “360° DDC Investors Summit - Europe & the Middle East” is all set to be the premier NPL event of the year, taking place on November 16-17, 2023, at the beautiful Divani Apollon Palace & Thalasso in Athens, Greece. The summit is designed to connect active investors and professionals in distressed investing, non-performing loans, and REOs from across Europe and The Middle East. Plenty of networking opportunities such as 1:1 meetings and the Gala Dinner will occur. 

Almost three-quarters (73%) of legal professionals are concerned about the risks and time costs associated with holding client funds, according to a new report from B2B payments business Shieldpay. 

Scottish Financial Enterprise (SFE), the representative body for Scotland's financial services industry, has appointed Cheri Burns to a senior role within its Young Professionals network to bolster communications, with the aim of engaging and supporting the next generation of industry leaders.

Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s whitepaper provides a comprehensive look at current attitudes towards, and actions to develop, embedded-finance offerings by UK financial institutions.

Amongst the key findings, the research found: