FSTech

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FCA appoints director of risk and compliance

The Financial Conduct Authority (FCA) has announced that Sheree Howard has been appointed as executive director of risk and compliance oversight (R&CO). She is currently interim director of R&CO, having joined the FCA as a senior adviser in December 2017.

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Stripe hits $35bn valuation after fundraise

Stripe is now valued at $35 billion after a $250 million funding round led by General Catalyst, Sequoia and Andreessen Horowitz. The new valuation is up by $12.5 billion on its last funding round in January.

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One in 10 UK cashpoints closed or fee-paying

One in 10 free cashpoints in the UK have now closed or switched to fee-paying, according to the latest research from consumer campaign group Which?. An analysis of data from Link, the UK’s largest network of ATMs, found that nine…

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Revolut makes exec hires in Ireland and Lithuania

Revolut has continued its c-suite hiring spree with the appointment of Joe Heneghan as chief executive of Revolut Ireland and Virgilijus Mirkės as chief executive of Revolut Lithuania.The arrival of Heneghan in Dublin, from his former post of chief administrative…

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One in 10 new accounts opened with challengers

More than one in 10 new bank accounts opened are with digital banks, as 2019 marked a “tipping point” for the growth of UK FinTechs. A report from Vocalink, a Mastercard company, showed a steady rise in the popularity of…