UK Archives - FinTech Futures

UK

Tide freezes lending after funding falls through

The fintech said the BBLS “doesn’t meet the requirements” of prospective investors.

virgin money

Virgin Money restarts planned job cuts and branch closures

The UK bank’s plans had been put on hold by COVID-19.

UK challenger Monument to tap Britain’s mass affluent

The fintech has raised £10 million to date.

Starling Bank launches two new paid business accounts

The roll-out includes its second multi-currency account.

António Horta-Osório

Lloyds CEO António Horta-Osório to step down in 2021

“Mixed emotions” for Horta-Osório as Lloyds announces new chairman.

Lending Works acquired by Intriva Capital

Intriva has bought 100% of Lending Work’s equity for an undisclosed price.

UK Finance lands two new managing directors

Both new appointees will join the trade body in the autumn.

Crypto trading platform GPay shut by UK High Court

On 23 June, the court “wound up” GPay “in the public interest”.

Monzo’s co-founder Tom Blomfield leaves its board

According to a Companies House filing, his termination occurred on 17 June 2020.

Starling Bank applies for £35m grant from BCR

The UK challenger bank was awarded £100m last year.

Infrastructure that gives you an edge: payments-as-a-service

The only technology model for future payments ecosystems.

How 5G will revolutionise consumer banking

When 5G is part of our nationwide infrastructure, it will transform products and services.

Santander launches Mi Vuelta COVID-19 track and trace app

The Mi Vuelta COVID-19 track and trace app allows employees to report any symptoms.

American Express GBT launches SME cashflow platform Neo1 in UK

The free online service helps finance teams manage cashflow.

UK opens virtual fintech trade mission to APAC

The fintech deal follows FTA talks between the UK, Australia and New Zealand.

Is your bank rotten to the core?

In banking, a legacy product core based on old technology can’t simply be modified.

closed

Elevate Credit ceases UK operations

It will no longer be operating its wholly-owned UK unit, ECIL, under the “Sunny” brand.

Allica Bank goes live on Profile platforms

FMS.next and RiskAvert deployed at SME challenger bank.

TransferWise lands licence from FCA to offer investment products

The move marks its second side-step from cross-border payments.

Six new lenders accredited for UK CBILS

There are now 99 CBILS accredited lenders.

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