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The German fintechs are to combine under the new name Raisin DS, with the CEOs set to lead the new company as co-CEOs initially.
London came second in Findexable’s Global Fintech Rankings 2021, which found that San Francisco has the most fintech ‘unicorns’ of anywhere globally.
Visa Europe’s CEO called the deal ‘a sign of our commitment to Europe’, with Tink set to retain its brand and management team.
New partnership will help to streamline the mortgage application process in the UK.
The business banking fintech secured the investment, which was led by Spark Capital, in the week leading up to its launch last month.
Tide will use Open Banking to make Cashflow Insights available to non-Tide members in the coming months.
Compared to traditional verification methods which can take days, TrueLayer said the new approach speeds up the onboarding process and reduces errors.
The partnership with MapleMark Bank uses Raisin’s savings-as-a-service technology to make live fully-digital, customisable CD products.
Standard Chartered has appointed Roel Louwhoff ahead of the retirement of group CIO Michael Gorriz later this year.
The shortlist for the Open Banking Expo Awards, taking place on 15 July, has been announced.
