The Money Platform Deploys Open Banking Tech From Ecommpay
Weekly news up to Tuesday, 5th of August 2025
👀 NEWS HIGHLIGHT
BUX becomes the first neobroker in Europe to make actively managed multi-asset ETF portfolios available to retail investors in the form of automated, self-directed Plans.
It launches in the Netherlands, Belgium, Ireland, Austria, Spain, France, Germany and Italy. Prime Plans cost €0 on the BUX platform, are available within the BUX Prime subscription (€7.99/month). BUX Prime also offers up to 1.75% interest on cash and low trading commissions.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ UK digital wealth firm Vennre launches new VC investment platform.
⭐️ Klarna Reports Decline in Delinquency Rates as Consumer Health Improves.
⭐️ FintTch group Intelligent Lending launches Binq app for UK SMEs.
⭐️ UK’s Digital Bank Monzo Leverages Data-Driven Insights for Fraud Prevention.
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PAYMENTS
Apple Pay lands in Bosnia and Herzegovina, revolutionizing digital payments. Users in the country can now leverage their Apple devices for secure and convenient contactless transactions, integrating seamlessly with supported banks. Continue reading
OPEN BANKING
The Money Platform deploys open banking tech from Ecommpay. The company has enabled TMP to increase the breadth of pay-in methods and use API instructions for outward payment initiation using Faster Banking. The Money Platform provides a crowd-funded peer-to-peer lending platform.
REGTECH
FCA imposes £1M fine on Sigma Broking for transaction reporting failures. The FCA’s monitoring systems identified issues with the transaction reports submitted by Sigma. These failures were caused by incorrect system setup and persisted uncorrected due to weaknesses in their reporting processes.
DIGITAL BANKING
Leaked documents reveal Revolut's plans for 2026 product blitz. Europe’s most valuable FinTech plans to offer more lending services in Britain next year, according to sources, with a blitz of previously unreported products set to launch in different countries around the world.
Revolut revolutionizes connectivity: eSIM and global data plans for Italian travelers. This innovation allows users to stay connected anywhere in the world, eliminating the dreaded roaming costs and ensuring a stable and affordable connection in over 100 countries.
Starling revaluation jump-starts shares in Chrysalis. They said: The material increase in the valuation of Starling was a function of both the progress made in the core UK bank, but also the inclusion for the first time of a valuation for Engine, its banking-as-a-service technology platform.
Santander UK cuts over 2,000 Jobs amid restructuring. The job reductions come as the bank’s UK unit reported a 5% decrease in pre-tax profits, which fell to £764m for the six months ending June 2025. Keep reading
CRYPTO
Bitstamp, by Robinhood, partners with BBVA to provide Bitcoin and Ethereum trading for retail customers. Bitstamp is serving as one of the first liquidity providers for BBVA’s new offering, now available to all eligible retail customers in Spain. This enables clients to buy, sell, and hold cryptocurrencies directly through the BBVA app.
PARTNERSHIPS
NatWest to deliver buy-to-let mortgages on Landbay. The agreement will see NatWest Group enter the growing Limited Company buy-to-let mortgage market, leveraging Landbay’s award-winning lending platform and extensive broker distribution network.
DONEDEAL
U.K. Startup InTick nets £2 million to expand derivatives block trading. The new funding, backed by undisclosed angel investors, will be used to extend platform functionality and support wider market rollout. The company’s software targets pain points in the existing system, offering instead a streamlined electronic network that automates pricing and matching in a centralized order book.
Handwave raises $4.2M to launch palm-based payments in Europe and the US. Using proprietary technology, the solution enables customers to easily onboard themselves, scan their palm using their phone camera, and link payment and loyalty cards, as well as identity credentials, to a secure digital wallet.
M&As
Bling acquires financial education app Finstep. By integrating Finstep's proven learning content, Bling strengthens its position as the leading platform for financial literacy in families. The integration creates a unique ecosystem of financial education, pocket money management, and family organization, bundled in one app that supports families in their everyday lives.
MOVERS & SHAKERS
ClearBank appoints David Samper as group CFO. Samper will lead the organisation through its European expansion, as well as its next phase of international growth. Continue reading
Atom Bank expands Technology Leadership Team with key appointments. Ges Richmond and Orla Codyre have joined as Heads of Lending Delivery, while Kath Langlands has been appointed as Head of Platform and Enterprise Delivery. Rob Smith as Head of Engineering, with Rob Butcher named Head of Architecture. Faizah Rafique has been appointed Head of Business Analysis, and James Kerruish will serve as CISO and Head of Service.
Openbank Appoints Gonzalo Pradas as Head of Retail. He will be responsible for the retail business strategy in Spain, Portugal, and the Netherlands, as well as the products and digital platform across Europe. Read more
Lukas Enzersdorfer-Konrad replaces Paul Klanschek as Co-CEO of Bitpanda. Klanschek takes a new role as a Member of the Board of Directors. Lukas Enzersdorfer-Konrad, currently Deputy CEO, will now assume the CEO role alongside Eric Demuth, maintaining Bitpanda’s dual leadership structure.