Legal & General (‘L&G’), the largest DC pensions provider in the UK, has appointed Moneyhub, the market-leading fintech and Open Finance firm, as its Qualifying Pensions Dashboard Service technology provider, helping to shift the dial on how people plan and prepare for retirement. 

A new study released by Tietoevry has found that 79% of banks in Europe are currently in the process of modernizing away from legacy card platforms. This is up from 60% two years before, reflecting the acknowledgment that banks must update their systems in order to meet the demands for faster, smoother, and safer payments experiences. 

Mollie, one of Europe’s fastest-growing financial service providers, has appointed Dave Smallwood as its UK Managing Director. This appointment comes as the company scales its UK operations following triple-digit year-on-year growth in the first quarter of 2024.

Reward Finance Group has strengthened its North West team by promoting Harriet Gibbs as the company’s first ever sales director, to drive forward business growth and deliver high-performance funding.

Having established itself as the original and leading authority in the alternative finance industry, Reward has worked to fill the gap in the market left by traditional funding.

End-to-end payments platform, Ecommpay, has signalled its global growth ambitions with the inclusion of 3 key Italian Alternative Payment Methods (APMs). The addition of BANCOMAT Pay, MyBank and Satispay to the Ecommpay platform will enable e-commerce merchants operating both in Italy and those who want to target the Italian market, to improve conversion performance through more tailored payment choice in their online propositions.

The Bank of London today announces it has been selected by Waafi Bank, a start-up bank based in Malaysia, as its banking services provider to support its plans to enter the UK with its Shariah-compliant banking offering.

Founded in 2020, Waafi’s vision is ‘to bring Islamic banking to every corner of the globe’ and provide Muslims with access to financial solutions that align with their faith.

Katja Vähäsilta (LL.M., Trained on the Bench) has been appointed as Alisa Bank Plc’s General Counsel and Member of the Management Team. She will start in this position on 1 October 2024.

Vähäsilta moves to Alisa Bank from Nordea Bank, where she has been responsible for the legal affairs of the Nordea Finance business area. Vähäsilta is responsible for Alisa Bank's legal affairs and regulatory compliance.

Georges Elhedery officially assumes the position of Group Chief Executive of HSBC today.

Elhedery, who joined HSBC in 2005, brings nearly three decades of experience in the financial services sector, having held various high-profile international roles. Before his appointment as Group Chief Executive, he served as Group Chief Financial Officer and was previously Co-CEO of Global Banking & Markets and Head of Markets & Securities Services.

Some of the world’s leading finance and tech firms have come together to form a new industry coalition in the UK to fight economic crime through digital verification, the Centre for Finance, Innovation and Technology (CFIT) has announced today.