110 articles tagged with this keyword
News/regulation
The Financial Conduct Authority has expressed concern about a deal to give crytpo exchange Binance access to the the UK's Faster Payment Service, but says it has "limited powers" to object.
16 February 2022
Banking industry body UK Finance has raised serious misgivings about the FCA's plans to impose a new 'Customer Duty' on financial firms with the intention of ensuring a more consistent standard of consumer protection for users of financial services.
News/retail
Mobile-only Atom Bank has raised more than £75m in new equity priced at 70p per share as it continues to grow its profitability and drive to IPO.
News/payments
TSB has teamed up with Manchester-based fintech Bankifi to launch a small business banking app that helps ease the burden of chasing overdue invoices.
News/startups
Capchase, a US startup that helps company founders access non-dilutive capital, has opened a new European headquarters in London after a surge in demand from UK startups.
News/people
Metro Bank's chief financial officer has quit the troubled UK lender just eight days before it presents its preliminary financial results.
15 February 2022
NatWest Group is closing another 32 branches, citing the migration to online and mobile banking.
14 February 2022
Societal impact app Novus has begun onboarding customers in the UK after closing a $3 million crowdfund.
The Financial Conduct Authority is cracking down on potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay ahead up-and-coming regulation of the UK buy now, pay later market.
Barclays is calling for more robust regulation of all buy-now-pay-later products as it releases new research which suggests the lack of consistent affordability assessments has led shoppers to take on more debt than they can afford to repay.
News/sustainable
Under its £100 billion Climate and Sustainable Funding and Finance ambition, NatWest is now providing tools, via an online Climate Hub, to help small and medium-sized enterprises (SMEs) go green.
11 February 2022
Lloyds has named four winners of a competition to find the next generation of green tech businesses that will support its transition to net zero carbon operations.
The Financial Conduct Authority has ordered FreeTrade to take down all of its social media influencer posts over concerns that they could tempt vulnerable people into making unwise investments.
10 February 2022
A Pay.UK spokesperson has confirmed that the Faster Payment System transaction limit has today increased from £250,000 to £1 million.
08 February 2022
GoCardless, a processor of recurring debit payments for more than 70,000 businesses worldwide, has secured a Series G funding round of $312 million at a valuation of $2.1 billion.
Selina Finance, a London-based alternative lender which provides credit to business and consumer borrowers by unlocking the value tied up in their property, has raised $35m in equity from Lightrock and $115m in debt from Goldman Sachs and GGC.
Toucan, a London-based fintech startup for charitable giving, has moved out of closed beta.
Embedded finance platform Railsbank is on the verge of hitting unicorn status thanks to an upcoming investment round, according to Sky News.
07 February 2022
Total UK fintech investment hit $37.3 billion in 2021, up sevenfold from $5.2 billion in 2020, according to figures compiled by KPMG.
Built for Mars’ Peter Ramsay, creator of widely acclaimed UX case studies has released another comparison piece, dissecting the strengths and weaknesses of the overdraft experience provided by challenger bank rivals, Monzo and Starling.
04 February 2022
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