UK challenger bank Monzo today announced a £71 million ($93 million) investment round as its customer base continues to grow at pace. User numbers have increased by close to 300%, from 120,000 to 470,000, since the company's last fundraise just nine months ago.

Mike Camerling, AEVI’s former Director Marketplace, has been appointed President and Managing Director AEVI taking leadership of AEVI with immediate effect.

“Nelson Holzner has decided to leave the company to pursue an external opportunity and we wish him well with his new venture”, explains Reinhard Rabenstein, Chief Technology Officer Solutions, Diebold Nixdorf and Chairman of the AEVI Advisory Board. “We thank Nelson for his contributions and look forward to Mike leading our next exciting growth phase.”

The end of the year is just the great beginning. Cryptospace Conference, Eastern Europe’s largest conference dedicated to blockchain technology and cryptocurrencies, will take place in Moscow between December 8 and 9 where all the crypto enthusiasts and experts will gather to share their thoughts and exchange valuable information.

They say imitation is the sincerest form of flattery. Challenger banks are doing what their name suggests, and research indicates they are gaining ground. For established lenders, replicating the characteristics of their smaller, more agile competitors, will help them defend their position. Outsourcing is the key, argues Sarah Jackson, Director, Equiniti Credit Services.

 Smartkarma, Asia’s largest provider of independent investment research, today announced it has closed a Series B round of financing led by Sequoia India, which brings the company’s total funding to US $21 million.

TerraPay, the world’s first mobile payments switch, and Wari, a global platform offering digital financial services have signed a strategic partnership agreement that will strengthen the remittances ecosystem in 35 key African markets. The partnership is aimed at interconnecting the global money transfer operators with mobile wallets and bank accounts in Africa. 

The Financial Conduct Authority (FCA) is engaged in an almost dizzying list of activities to defend consumers, the financial services sector and indeed itself from the ever present threat of cybercrime.

An interview with Natalie Gavrilenko CEO of AroundB.

Financial IT: What is the mission of your company? What makes AroundB special and what are the solutions that you bring to the market?

The international derivatives marketplace Eurex, part of Deutsche Börse Group, enhances its market structure to address industry trends and further meet its member’s needs.