715. News: Abound raises $601m for AI lending and Griffin levels up with banking licence

Our expert hosts, Ross Gallagher and David Barton-Grimley, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week.

We cover the following stories from the fintech and financial services space:

• Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform - 5:35
• BaaS platform Griffin secures UK banking licence with restrictions - 16:05
• Woman, 91, loses account and pension after Barclays declares her dead - 30:25
• Western Union turns to MFS to expand global money transfers - 42:38
• Your Juno partners with Wealthify to bring financial education to women and non-binary people - 52:10
• Metro Bank stores are safe spaces for domestic abuse victims - 54:00
• People are posting their failed Monzo applications on TikTok - 57:30

This week's guests include:

• Michelle He, Co-Founder and COO, Abound
• David Jarvis, CEO, Griffin

With soundclips from:

• Kumar Shourav, Managing Director - MTOs, MFS Africa
• Anna Decoudu, Lending Director - Consumer Finance, RateSetter/Metro Bank

Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It’s hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking.

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Special Guests: Anna Decoudu, David Jarvis, Kumar Shourav, and Michelle He.

Links:

• Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform
• BaaS platform Griffin secures UK banking licence with restrictions
• Woman, 91, loses account and pension after Barclays declares her dead
• Western Union turns to MFS to expand global money transfers
• Your Juno partners with Wealthify to bring financial education to women and non-binary people
• Metro Bank stores are safe spaces for domestic abuse victims
• People are posting their failed Monzo applications on TikTok