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Phoebe Chibuzo Hugh, who founded insurance fintech Brolly in 2016, has joined the UK challenger bank as it prepares to enter the insurance market.
The Fairer Finance Trust in Banking Index found that challenger banks, such as Starling and Monzo, are more trusted than the incumbent banks.
Yoti’s chief executive officer Robin Tombs said the partnership will “strengthen the reliability and accuracy of identity checks for the Canadian auto financing sector”.
Ontario’s Minister of Finance Peter Bethlenfalvy said they would “collaborate with the federal government” to progress these initiatives.
The partnership will bring Pay by Bank and marketplace onboarding to companies in North America.
The fintech founder, whose experience in banking spans senior roles at Deutsche Bank and Barclays, will join Revolut in December.
Nuvei’s UK merchant partners will be able to instantly integrate PwBt, powered by American Express, into their online checkout processes.
For the first time, the Payment Systems Regulator has published data showing, at an individual level, how well banks and payment firms are dealing with APP fraud.
The Financial Conduct Authority also revealed it has secured contract changes to “potentially unfair and unclear contract terms” at two unregulated BNPL firms.
Token.io’s Ben Rattue highlights some of the key findings from its latest VRP survey, in association with Open Banking Expo, and explains what it will take for VRP to reach critical mass.
