- ING Bank and Illuminate Financial survey has found that fintechs and banks believe they are partners in disrupting the financial services market. The survey found that 70% of banks surveyed view fintechs as enablers and playing a positive role in supporting the wholesale banking sector.
- Yolt has become the first third party provider to complete a successful connection with a CMA9 bank, Lloyds Banking Group, under the new Open Banking system
- Atom Bank chairman, Anthony Thomson, has announced his resignation from the challenger bank. Mr Thomson, who founded Atom, has been chairman since the app-only bank was launched in 2014. He will be replaced by Bridget Rosewell, one of Atom’s non-executive directors
- Countingup has announced the beta launch of its business current account for sole traders. It is making the mobile-based business current account available over the next few weeks in small groups to sole traders at the top of its wait-list app
- CYBG has selected ServiceNow as a strategic platform to support a major digital transformation initiative
- Zopa has begun building the executive team for the launch of its new challenger bank later this year. Steve Hulme, from Tandem Money, has been appointed as chief financial officer. He will be joined by Phillip Dransfield, from TSB Bank, as chief risk officer, and Clare Gambardella, from Virgin Active, who becomes chief marketing officer.
