Latest Non-bank competitors News: Finextra Research

UK payments regulator calls for structural reform

The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.

28 July 2016

Company update/Non-bank competitors

Subprime online lender Elevate scores increased credit facility

Elevate, a leading provider of innovative online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million.

27 July 2016

News/Non-bank competitors

Aussie banks team up for Apple Pay legal challenge

Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.

27 July 2016

News/Non-bank competitors

Telefonica Germany launches Fidor-backed mobile banking service

Telefonica Germany has launched a mobile banking service using white-label technology supplied by Fidor Bank.

25 July 2016

News/Non-bank competitors

UK startups get Brexit boost while UK funds suffer

Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.

25 July 2016

Company update/Non-bank competitors

Bank of Baroda partners with 7 fintech companies

Bank of Baroda, India’s leading public sector bank, has announced tie-ups with 7 fintech companies.

22 July 2016

News/Non-bank competitors

Thailand considers fintech regulation

Thailand's central bank has called for more regulation of the country's growing fintech sector in order to prevent systemic risk and protect consumers.

22 July 2016

News/Non-bank competitors

UK banks accuse challengers for not offering fee-free accounts

The UK's largest retail banks have called on the government to compel smaller, challenger banks to share the cost of financial inclusion by also offering loss-leading fee-free banking accounts.

21 July 2016

News/Non-bank competitors

N26 granted German banking licence

N26, the Berlin-based challenger bank formerly known as Number26, has been awarded a full banking licence in Germany, aiding its push to expand its mobile banking service across Europe.

21 July 2016

Company update/Non-bank competitors

Online retirement planning startup Guideline closes $7m Series A round

Guideline, the startup that's revolutionizing online retirement planning, announced today that it has completed a $7 million Series A round of financing. Propel Venture Partners led the investment round, with participation by existing investors, including NEA and Lerer Hippeau Ventures.

20 July 2016

News/Non-bank competitors

UK firm claims largest ever P2P loan

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

20 July 2016

Company update/Non-bank competitors

Zopa names Ronen Benchetrit CTO

The UK’s largest peer-to-peer lending service Zopa, has today announced that Ronen Benchetrit will become the company’s new Chief Technology Officer (CTO) in a strategic hire for the fintech business.

19 July 2016

News/Non-bank competitors

Student lending platform CommonBond closes $30m funding round

Student loan specialist CommonBond has raised $30 million in a Series C funding round led by Neuberger Berman Private Equity and another $300 million in debt to make loans.

19 July 2016

News/Non-bank competitors

Santander doubles down on fintech fund

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

19 July 2016

Company update/Non-bank competitors

Lending Club names Patrick Dunne chief capital officer

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, announced today that Patrick Dunne has joined Lending Club as Chief Capital Officer.

18 July 2016

News/Non-bank competitors

Lloyds Bank launches mentoring service for fintechs

Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.

18 July 2016

News/Non-bank competitors

UK P2P lender MarketInvoice raises £7.2m

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

18 July 2016

Company update/Non-bank competitors

FCA calls for feedback on crowdfunding rules

The Financial Conduct Authority (FCA) is seeking input on which areas should be considered as part of its upcoming review of the rules surrounding both investment-based and loan-based crowdfunding.

08 July 2016

Company update/Non-bank competitors

India's NeoGrowth raises equity to help small retailers access credit

Fintech start-up NeoGrowth has raised $35 million (or INR 225 Crores) of equity to-date to advance its efforts to help small retailers, including qualified borrowers with little or no credit history, access credit in India.

05 July 2016

News/Non-bank competitors

Wealth managers must up digital game to fend off fintech threat

With up to half of their net income at risk due to poor digital capabilities, wealth management firms will need to explore partnerships with fintech upstarts to ensure their long-term success, according to a report from Capgemini.

24 June 2016