104 articles tagged with this keyword
News/retail
Zopa bank has achieved a rare feat among UK challenger banks, hitting profitability for the first time just 21 months after acquiring its UK banking licencet.
04 April 2022
News/payments
Visa has announced a partnership with Collinson, a travel experience and medical assistance provider, to deliver a range of discounted pre-travel Covid-19 testing to Visa cardholders.
01 April 2022
News/devops
The Abu Dhabi Global Market (ADGM) has partnered with Finastra for its globally renowned fintech hackathon, Hack to the Future 4.
News/regulation
Barclays’ paper sets out a methodology for the mitigation of potential fragmentation risk presented by central bank digital currency (CBDC), through an architecture that places CBDC and commercial bank money on a similar footing.
The EU’s Digital Operational Resilience Act (DORA) is on track to be agreed before the summer and firms need to prepare accordingly.
News/crime
Millions of Brits are putting themselves at risk by ignoring warnings that bank account details do not match when making a transfer, according to research from Lloyds Bank.
The UK's Payment Systems Regulator (PSR) has put the card schemes on notice that it is investigating their fees and how to help merchants get better deals, including by promoting the alternative of account-to-account payments.
News/predictions
Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.
31 March 2022
News/startups
Yonder, a London-based credit card startup catering to expats in the UK, has opened a waitlist for prospective customers after emerging from stealth with a £20 million equity raise.
Dapio, a UK outfit that helps businesses accept contactless payments on their Android devices, has raised $3.4 million in a round co-led by African paymentts behemoth Flutterwave and Techstars.
Santander’s SME and corporate clients in Spain, from today, will be able to make immediate international payments to recipients in Brazil, in Brazilian Real, through the One Trade solution.
30 March 2022
Agricultural challenger bank Oxbury has acquired Naqoda, the provider of the bank's cloud-based core banking platform, with the aim of becoming a software-as-a-service provider for the wider fintech and banking industry.
News/wholesale
UK small business lender OakNorth is reporting a stellar performance in 2021, posting a 73% increase in pre-tax profits to £134.5 million and a 60% increase in new lending to £1.8 billion.
Global staff management and payroll platform platform Papaya is to acquire remittance outfit Azimo, in a deal that will male it possible to pay employees almost instantly regardless of geography and typical payroll limitations.
29 March 2022
News/security
Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.
The UK's technology ecosystem is now worth $1 trillion, with fintech dominating the list of most valuable firms.
Hacking collective Anonymous claims to have released 28 gigabits of documents pilfered from the Central Bank of Ruissia.
28 March 2022
News/crypto
The Bank of England has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.
Chase's digital bank has made an aggressive statment of intent in its bid to crack the UK retail banking market with the launch of an easy access savings account offering a market-beating 1.5% interest rate.
The Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) have released a raft of documents warning financial institutions of their responsibilities around cryptoassets and the direction of regulation in the space.
25 March 2022
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