fintech - The Stack

Global fintech investment slump worsens: UK suffers 'steep drop'

The slowdown in funding activity during 2024 comes after a year so bad it was described as a "bloodbath" for fintech startups.

Jasper Hamill July 10, 2024

Natwest launches new RAG chatbot pilot

Cloud-based ChatGPT 3.5 turbo as the underlying model, with NeuralSeek-powered RAG in support.

The Stack June 10, 2024

Monzo

Banking

News

Monzo finally turns a profit, ramps up tech spend £18.5m

The challenger bank has made big investments in tech and is committed to building its own native systems to own every part of its stack

Jasper Hamill June 04, 2024

A Citi popup showed a trader 711 alerts: They clicked it away – and generated $196 billion in trading orders by mistake

90% of controls on one trading desk were manual and key processes including trade pricing were "conducted manually, predominantly, in Excel spreadsheets..."

Edward Targett May 28, 2024

Bank of England's tech overhaul: 'Open Sesame' or more friction?

Proposed changes for account onboarding front-load compliance burden, even as technology gets slicker...

Edward Targett February 12, 2024

Banks are sitting on a data goldmine: Firstly though, they need to unlock it...

Stored procedures in Sybase-based applications that have become a "humungous monster" do not make that easy. One banking multinational is testing the switch to MongoDB...

Edward Targett January 24, 2024

CTO Nick Fryer on how Dojo rebuilt in the cloud to disrupt the payments market

"The entire system is event-driven. Everything is on the public cloud and the things that have very high availability requirements are on multiple public clouds. You’re not lifting and shifting some other person's nasty 1980s software. This is all brand new microservice-based software."

Edward Targett January 17, 2024