UK Fintech Week

110 articles tagged with this keyword

/startups

Private markets fintech Delio secures $8.3 million

Delio, a UK fintech which connects capital raisers, financial institutions and investors in private markets, has secured $8.3m growth funding led by Octopus Ventures.

/people

Mode appoints former Alipay UK chief Rita Liu as CEO

UK-based crypto startup Mode has named former Alipay UK CEO Rita Liu as chief executive officer.

/startups

Social investing app Shares raises $40m

After securing $40 million in Series A funding, London-based social and investing startup Shares is launching its app.

/regulation

FCA seeks to head off industrial action with new pay offer

The UK's Financial Conduct Authority has made a new employment offer to staffers in an effort to resolve a dispute over pay and conditions.

/startups

PollenPay enters UK BNPL sector

PollenPay is the latest startup to enter Britain's already crowded buy now, pay later arena, which has just witnessed its latest casualty in the withdrawal of Openpay from the UK market.

/payments

Nationwide customers suffer further delays in Faster Payments

Customers are reporting a rash of problems with inbound Faster Payments at Nationwide Building Society, which has been hit by intermittent service outages over the past two months.

/people

Zopa Bank to open applications to Ukrainian nationals; Revolut joins call to action

Zopa Bank is to immediately sponsor 50 work visas for Ukrainian nationals following new Home Office guidance.

/payments

UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

/payments

LHV Bank applies for UK banking licence

Payment infrastructure provider LHV has applied for a UK banking licence application to separate business activities in Estonia and the UK.

/retail

Lloyds outlines £1 billion, three-year digitisation strategy

Lloyds Banking Group is to spend £1 billion over the next three years on overhauling its technology infrastructure and self-service capabilities.

/identity

TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

/retail

Zopa introduces 'hybrid' savings account

With an ambition to attract £2 billion in deposits over the next year, Zopa Bank has launched a 'hybrid' savings account, enabling customers to combine easy access and fixed rate accounts from a single dashboard.

/people

Tide chief Krieger quits

Laurence Krieger, UK CEO at business banking firm Tide, has quit after just over a year in the job.

/crypto

Bitpanda buys crypto custodian Trustology

Digital investment platform Bitpanda is moving into the custody game through the acquisition of UK-based Trustology. Financial terms were not disclosed.

/markets

London Stock Exchange to acquire Tora for $325 million

The London Stock Exchange is to acquire multi-asset trading technology supplier Tora for $325 million, opening a bridge into the world of digital asset trading.

/people

Flux co-founder Veronique Barbosa laments "insane" lack of diversity in fintech leadership

Flux co-founder Veronique Barbosa is taking on the CEO role at the digital receipt startup, in a rare shattering of the glass ceiling in the male-dominated fintech industry.

/startups

Fintech founders and CEOs call on Government to speed up Kalifa reforms

In an open letter to the UK Government, almost 70 fintech founders and CEOs have called for further progress in implementing the reforms advocated by the Kalifa Review into financial services.

/retail

Toucan takes flight with Dragon’s Den investment

Nine days after its official launch, the Toucan app locked-in investment through a slightly unconventional approach for fintech - BBC One’s Dragon’s Den.

/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

/payments

Open banking passes five million user milestone

There are now more than five million active users of open banking services in the UK, five hundred thousand up on January's headline total, with tax payments driving the growth in numbers.