Latest Non-bank competitors News: Finextra Research

P2P lenders target UK market ahead of new regulation

The UK could be swamped by P2P lenders after it emerged that more than 100 companies have sought regulatory authorisation while almost 200 are already operating via interim permission from the Financial Conduct Authority (FCA).

11 August 2015

News/Non-bank competitors

Banks lag manufacturers and telcos in race to build innovation centres

The financial services sector is trailing rival industries in the race to set up innovation centres in technology hubs such as Silicon Valley, according to a report issued by consultants CapGemini and Altimeter Group.

24 July 2015

News/Non-bank competitors

TransferWise breaks £500 million per month milestone

London-based money transfer startup TransferWise says it is now processing £500 million a month on its platform, saving customers some £22 million in fees compared to equivalent bank rates.

08 June 2015

News/Non-bank competitors

Renault enters UK banking market

The financing arm of French car manufacturer Renault is to enter the UK banking market with the launch of an easy-access savings account.

08 June 2015

News/Non-bank competitors

Women in FinTech: Deanna Oppenheimer, founder of CameoWorks

In our continuing series, in association with the Breaking Banks radio show, looking at accomplished and interesting women working and changing the FinTech sector, Liz Lumley sits down with Deanna Oppenheimer – Founder of CameoWorks and former head of Barclays Retail and Business Banking.

29 May 2015

News/Non-bank competitors

Droplet raises £0.5m on CrowdCube

Droplet, a UK mobile payments start-up that is targeting debit and credit card transactions, has closed its final seed investment round on CrowdCube today, having raised 115% of its target. The company secured £574,650 from 328 investors.

12 May 2015

News/Non-bank competitors

P2P lender Assetz Capital raises more than £3 million on Seedrs

Assetz Capital, a British peer-to-peer lending platform exceeded its fundraising target of £2 million by raising funds from 731 investors through specialty crowdfunding platform Seedrs.

20 April 2015

News/Non-bank competitors

M&S launches first self-service branch; rolls out instore 'banking pods'

The banking offshoot of UK retailer Marks & Spencer has opened its first self-service branch at its head office in central London.

16 April 2015

News/Non-bank competitors

RateSetter gets £20m investment

Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.

30 March 2015

News/Non-bank competitors

Finextra Future Money returns for 2015

Created as the premier event bringing both the most innovative minds in banking together with the exploding FinTech community, Finextra Future Money returns to London on April 21 and 22 for an exciting two day event.

16 February 2015

News/Non-bank competitors

Finovate Europe 2015 - Day 2 Roundup

The second and final day of Finovate Europe saw 32 startups take the stage to try and impress a packed crowd of fintech VCs, journalists, bankers and experts. PFM, mobile payments and wealth management all made an appearance, often to a critical audience - while other firms attempted to push the boundaries of fintech, causing a huge buzz within Old Billingsgate and on social media.

11 February 2015

News/Non-bank competitors

Finovate Europe 2015 - Day 1 roundup

Crowdfunding, bitcoin, identity and security, and, of course, personal finance management dominated the first day of Finovate Europe in London. Finextra watched the demos, followed the tweets and spoke to the players. Here's what caught our eye.

10 February 2015

News/Non-bank competitors

Apple Pay hits roadblock as US pharmacies disable NFC access

Two of the biggest pharmacy chains in the US have disabled NFC terminals in an attempt to shut out Apple Pay ahead of the launch of retailer-backed platform CurrentC in 2015.

27 October 2014

News/Non-bank competitors

Watch out banks, Alibaba is after your business

Chinese e-commerce giant Alibaba has folded six different businesses into a single business unit as part of a concerted push into the financial services industry.

16 October 2014

News/Non-bank competitors

Amazon hires Visa's Talwar to lead lending business

Amazon has hired Visa's North America credit card head Nick Talwar to run its business providing capital to sellers on its marketplace.

29 August 2014

News/Non-bank competitors

Why Google Bank won't happen

Google won't launch a traditional bank because of the associated costs and regulation, but these hurdles won't stop the firm from redefining the future of financial services, according to a new Forrester report.

30 July 2014

News/Non-bank competitors

UK banks face competition probe

Britain's competition watchdog is preparing an in-depth investigation into the retail banking sector in a move which could eventually see the country's high street giants broken up.

18 July 2014

News/Non-bank competitors

Coles takes on Australia's Big Four with new mobile payment and loyalty app

Australian supermarket chain Coles has upped the tempo in its aggressive push into financial services with the launch of a new combined mobile sticker and loyalty app and a planned joint venture with GE Capital which will see it offering loans to customers in competition with the nation's biggest banks.

16 July 2014

News/Non-bank competitors

Tesco Bank opens seven millionth customer account; current accounts to come in H1

UK supermarket chain Tesco is preparing to step up its assault on the UK banking sector with the launch of its first current account product later this year.

18 February 2014

News/Non-bank competitors

P2P lending shows big upswing in 2013

Figures released by the UK Peer to Peer Finance Association shows the industry in buoyant mood ahead of the introduction of new regulations in April, with P2P lending increasing by 121% during 2013.

03 February 2014