People - News, Articles & Research: Finextra

Monzo co-founder Templestein recalls 2020 existential crisis in farewell letter

Monzo co-founder and former chief technology officer Jonas Templestein is quitting the app-only bank after nine tumultuous years.

04 December 2023

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Ronaldo hit with class action suit over Binance promotion

Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.

29 November 2023

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Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

29 November 2023

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HSBC names executive team for new embedded finance fintech

HSBC has named the executive team that will spearhead a new embedded finance joint venture in the transaction banking arena

28 November 2023

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OCC's former Chief Fintech Officer had CV full of falsehoods - report

The Office of the Comptroller of the Currency's first chief financial technology officer is no longer in place amid revelations that his CV was riddled with falsehoods, including about his former employment at major banks, according to reports.

24 November 2023

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73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

22 November 2023

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Binance pays $4.3bn and CEO pleads guilty to settle US AML charges

Binance has agreed to pay $4.3 billion to settle a long-running investigation by the US Department of Justice, with the crypto exchange's founder Changpeng "CZ" Zhao also stepping down as CEO and pleading guilty to violating anti-money laundering requirements.

21 November 2023

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Ousted OpenAI boss to work for Microsoft

Sam Altman, the former CEO of OpenAI, the developer of generative AI platform ChatGPT, has resurfaced at Microsoft just days after he was pushed out by the board of directors.

20 November 2023

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Lanistar adds ex-minister Williamson to advisory board; breaks with Modulr

Former UK government minister Gavin Williamson has been cleared to take up a position on the advisory board of fintech Lanistar. Separately, the startup, which has previously found itself in hot water with the FCA, has ended its Electronic Money Directive (EMD) agent relationship with Modulr.

10 November 2023

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Volt appoints former Stripe Europe CEO as special advisor

London-based open payments gateway Volt has brought in former Stripe Europe CEO Matt Henderson as a special advisor to the board.

07 November 2023

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Monzo hires Brolly founder for push into insurance

Monzo has hired Phoebe Chibuzo Hugh, the founder of digital insurance startup Brolly, to lead a push by the challenger bank into the insurance market.

06 November 2023

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Musk and Sunak talk AI regulation at the UK’s AI Safety Summit

Towards the end of the UK’s AI Safety Summit taking place this week, Prime Minister Rishi Sunak and tech tycoon Elon Musk sat down for a conversation on artificial intelligence (AI).

03 November 2023

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