UK Fintech Week

200 articles tagged with this keyword

/payments

UK pushes Europe to cut Russia off from Swift

As Russia moves further into Ukraine and sanctions have isolated Russian banks from the rest of the global financial system, depriving the country of vital technology, UK foreign secretary Liz Truss has revealed that the “UK is working with allies to exclude Russia from the Swift financial system.”

/payments

LHV Bank applies for UK banking licence

Payment infrastructure provider LHV has applied for a UK banking licence application to separate business activities in Estonia and the UK.

/retail

Lloyds outlines £1 billion, three-year digitisation strategy

Lloyds Banking Group is to spend £1 billion over the next three years on overhauling its technology infrastructure and self-service capabilities.

/identity

TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

/retail

Zopa introduces 'hybrid' savings account

With an ambition to attract £2 billion in deposits over the next year, Zopa Bank has launched a 'hybrid' savings account, enabling customers to combine easy access and fixed rate accounts from a single dashboard.

/people

Tide chief Krieger quits

Laurence Krieger, UK CEO at business banking firm Tide, has quit after just over a year in the job.

/crypto

Bitpanda buys crypto custodian Trustology

Digital investment platform Bitpanda is moving into the custody game through the acquisition of UK-based Trustology. Financial terms were not disclosed.

/markets

London Stock Exchange to acquire Tora for $325 million

The London Stock Exchange is to acquire multi-asset trading technology supplier Tora for $325 million, opening a bridge into the world of digital asset trading.

/people

Flux co-founder Veronique Barbosa laments "insane" lack of diversity in fintech leadership

Flux co-founder Veronique Barbosa is taking on the CEO role at the digital receipt startup, in a rare shattering of the glass ceiling in the male-dominated fintech industry.

/startups

Fintech founders and CEOs call on Government to speed up Kalifa reforms

In an open letter to the UK Government, almost 70 fintech founders and CEOs have called for further progress in implementing the reforms advocated by the Kalifa Review into financial services.

/retail

Toucan takes flight with Dragon’s Den investment

Nine days after its official launch, the Toucan app locked-in investment through a slightly unconventional approach for fintech - BBC One’s Dragon’s Den.

/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

/payments

Open banking passes five million user milestone

There are now more than five million active users of open banking services in the UK, five hundred thousand up on January's headline total, with tax payments driving the growth in numbers.

/regulation

FCA concerned about Binance getting access to Faster Payments

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.

/regulation

UK Finance expresses fears over FCA Consumer Duty proposals

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.

/retail

Atom Bank raises £75 million as IPO prospects grow

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.

/payments

TSB launches small business payments app

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.

/startups

Capchase targets Europe with new London office

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.

/people

Metro Bank CFO quits as lender preps financial results

Metro Bank's chief financial officer has quit the troubled UK lender just eight days before it presents its preliminary financial results.