Non-bank competitors

454 articles tagged with this keyword

/startups

London fintechs enjoy record VC investment in H1

The first half of 2021 has seen London-based fintechs raise more money in venture capital (VC) investment than any previous year.

/payments

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

/cloud

Bank execs predict branch model will be dead within 5 years

With Covid-19 leading to an uptick in digital banking, nearly two thirds of industry executives from around the world think that the branch-based model will be dead within five years, according to an Economist Intelligence Unit survey.

/startups

Curve breaks records with largest ever equity raise of £9.9m on Crowdcube

Setting multiple records on Crowdcube, Curve has closed the largest equity raise on the platform, sourcing nearly £10m in funding from 11,795 investors in 54 hours to support the rollout of the Curve OS platform in the US and the launch of Curve Credit in the UK and Europe.

/regulation

Tony Craddock: FCA’s ‘Dear CEO letter likely to destabilise the e-money sector’

In a ‘Dear CEO’ Letter sent out by the FCA yesterday, the regulator called on UK electronic money institutions (EMIs) to ensure their customers understand how their money is protected.

/payments

Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

Hours after Twitter announced the new money transfer feature Tip Jar, early testers took to the social media platform to air their concerns over addresses being included in PayPal receipts.

/payments

French anti-trust watchdog says banks could be marginalised by Big Tech giants

France's competition watchdog has warned of the dangers posed by the encroachment of Big Tech firms into the payments sector.

/crypto

EToro launches new bitcoin portfolio

Multi-asset investment platform eToro has today announced the launch of a new thematic portfolio – BitcoinWorldWide. Based on the companies in the value chain behind bitcoin, the portfolio is intended to further catalyse adoption of the booming cryptocurrency.

/startups

Israeli fintech Pagaya plans to enter Wall Street at $8 billion

Having registered revenues reflecting $300 million annually for the first three months of 2021, Israel-based startup Pagaya is allegedly planning to enter Wall Street at $8 billion, as well as execute a traditional IPO.

/regulation

How regulators have catalysed collaborations and technological innovations

Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”

/retail

Revolut eyes fundraise at $10bn+ valuation - Sky

Revolut is preparing a new fundraising round that would value the digital banking app at between $10 billion and $15 billion, according to Sky News.

/crime

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

/people

Fintech billionaires revealed: Who is on the 2021 rich list?

According to Forbes, a new billionaire was minted every 17 hours in 2020.

/cloud

BBVA taps Google Cloud Chronicle to build AI security platform

BBVA has today announced that it will be the first bank in Europe to deploy Google Cloud’s security analytics platform Chronicle and will use AI and machine learning to predict and prevent cyberattacks.

/crypto

Davos 2021: Silver Lake co-founder dismisses belief about Bitcoin’s use for criminal activity

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

/sustainable

Davos 2021: PayPal’s Dan Schulman - Profit and purpose being at odds is ‘ridiculous’

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

/cloud

Future-proofing payments technology with cloud migration

Consumer expectations, behaviour and payment preferences are and will continue to evolve at an accelerated rate.

/cloud

Shifting to mission-critical: What are the key drivers of cloud adoption?

Cloud adoption for financial services firms has been on the rise over the past few years - a trend that has been further bolstered by the wave of digitisation brought on by the global pandemic.

/people

TransferWise to make 750 hires

Online money transfer firm TransferWise plans to add 750 jobs over the next six months, equivalent to more than a third of its current workforce.

/payments

Payments have become tech arms race say banks

The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared.