• Zopa’s next generation bank is on course to reach profitability before the end of the year, making it among the fastest  challenger banks to reach this milestone 
• Success is due to Zopa’s focus on providing lending products which address the unmet needs of UK consumers
• The first year of the bank has seen increased demand vs. expectation and generated higher than expected growth across a number of metrics, including revenue
• Zopa is on track for an IPO in late Q4 2022
   

Bigbank, an international Estonian-owned bank offering personalised financial products, has chosen European payment services provider Nets, to provide issuer processing and digital services, including virtual cards and mobile payment capabilities.

The Chartered Banker Institute (the Institute) and HSBC UK are working together to develop the knowledge and expertise of the bank’s commercial banking team to better support UK businesses navigate a transition to net zero.

More than 500 colleagues are expected to participate in the Institute’s Green and Sustainable Finance e-learning over the next year.

Trifork, a next-generation IT services provider, and Modularbank, a cloud-native core banking technology provider, have entered into an integration partnership, strengthening both companies’ banking and fintech offerings.

As banking continues the transformation from branches on street corners to digital services, the importance for the financial industry to develop and offer innovative and easy-to-use digital solutions has increased.

Pound Slumps on Bailey Comments, AUD Extends Slide

Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology for the global capital markets, have today announced that, Santander Bank Polska, one of the largest and most innovative financial institutions in Poland, has successfully deployed Horizon’s Platform for Market Making connecting to the Warsaw Stock Exchange (WSE).

Cardlay, a leading Danish commercial banking as a service payment FinTech, today announced it is collaborating with SAP^® Concur^®, the world’s leading brand of travel, expense and invoice management solutions, on an integration that is designed to allow banks to issue and manage virtual payment cards for their corporate card holders. 

A comment from Manuel Silva Martinez, General Partner of Mouro Capital on Age UK’s call for cash to become a Universal Service Obligation:

The anticipated new book from serial entrepreneur and bestselling author Christer Holloman: ‘Transactional to Transformational: How Banks Innovate’, has launched in the UK today with Wiley.