Bank of England responds to Future of Finance report
It features five key action plans to meet the needs of the digital age.
It features five key action plans to meet the needs of the digital age.
The new offering is rumoured to rival Monzo and Goldman Sachs’ Marcus.
The tool has been in development for two years.
Konsentus will provide Moneyou with third party provider (TPP) identity & regulatory checking.
MoneyBeam lets users receive or transfer up to £100 with other N26 users in the UK.
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
Funds will be used to transform the business overdraft.
Banks and corporates sometimes struggle accessing the Faster Payments Scheme.
It will help the firm push its US expansion.
The fourth entry in the Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package.
The banking group has also added a secure 24-hour messaging service.
The security of online banking infrastructure is of pivotal importance.
The FIP aims for enhanced cooperation over regulatory issues.
The UK-based firm uses AI and blockchain to detect fraud.
Social media is a valuable and largely untapped source of data for the banks.
Companies will no longer be able to charge interest on money repaid within offer period.
The Norwegian financial services group will also implement 11:FS Foundry.
The capital would be used within the next 18 months.
“Design, like technology, is a strategic superpower that can be used to do incredibly bold things.”
The bank is also looking out for more partnerships to push AI capabilities.
It proposes more transparency for better customer experience.
FinMechanics is seeking additional implementation partners and initial Europe-based sites.
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Designed for leaders of UK’s most promising scale-ups.
Companies and investors will be able to connect directly.
Its platform will accelerate trades, strip out costs and provide transparency for buyers and sellers.
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Bringing “an omnichannel payment and loyalty experience that is unrivalled in the market”.
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
The UK-based payments system is also opening new offices in Amsterdam.
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Bix2X platform aims to improve access to working capital for SMEs.
Diversification and a new SME product are on the cards.
AMLtrac has been integrated into Hinckley & Rugby’s Summit back office system.
The app will provide eBay small business customers with a simple cash flow loan when they need it.
The financing round was led by Mastercard.
UK fintechs collaborate to help consumers spend smarter and reach saving goals.
The additional capital will support the company’s growth trajectory.
What fintech companies need to do to secure the long-term right to stay in the UK for their EEA nationals employees.