Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company update/people

Channel Capital advances fintech strategy with new head of investor relations

Channel Capital Advisors LLP (Channel) has appointed Bhoomika Kesaria as its new head of investor relations.

20 January 2023

Santander UK fined £107.7m for repeated AML failures

The FCA has fined Santander UK Plc £107,793,300 after it found gaps in its anti-money laundering controls, affecting its business banking customers.

09 December 2022

News/predictions

UK SMEs to prioritise international expansion in 2023 - Airwallex

A recent survey by Airwallex reveals that UK small and medium entreprises (SMEs) are highly motivated to expand abroad over the next 12 months, with a majority focused on markets in Europe and North America.

15 November 2022

News/payments

Mollie steps into financial services with Mollie Capital

European payments fintech, Mollie, has launched Mollie Capital to facilitate SME access to finance and funding.

27 September 2022

News/regulation

UK government launches fraud and money laundering crackdown

The UK government has announced plans to rolled out reforms to protect the economy from fraud and money laundering.

23 September 2022

News/sustainable

NatWest pledges support to SMEs amid UK energy crisis

NatWest and the Federation of Small Businesses (FSB) have teamed up to analyse and provide support to UK businesses struggling with the cost of living crisis.

23 September 2022

Company update/retail

Starling launches Bulk Payments feature for small businesses

Starling Bank’s business banking customers can now make Bulk Payments to multiple recipients. The new subscription service can be used to help support payroll, reimburse staff expenses or pay suppliers, all at the same time.

07 September 2022

News/retail

TSB connects consumers to fintechs with Marketplace app

TSB Bank recently launched TSB Marketplace on their mobile app. The service will connect customers to fintechs to aid them in making informed financial decisions. Finextra spoke to head of open banking and partnerships at TSB, Aruna Bhalla, about the service and what opportunities it opens up for consumers.

02 September 2022

Company update/startups

Paysend launches UK store for SMEs

Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Paysend Store for UK merchants.

18 August 2022

Company update/payments

Vyne and Wix partner to streamline merchant payments

Vyne, the specialist pay with bank account-to-account (A2A) payments platform, today launches its SME proposition via a new partnership with Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence. The partnership will give Wix’s UK based merchants access to Vyne’s open banking payments infrastructure, enabling them to offer their customers the ability to pay directly from their mobile banking app.

18 August 2022

Company update/payments

Aussie payments provider Pin Payments expands to New Zealand

Australia’s online payments provider Pin Payments has recently expanded its offering to New Zealand.

18 August 2022

News/retail

Barclaycard joins BT’s partnership network to support small businesses

Barclaycard Payments has announced its partnership with BT to support microbusinesses in the UK.

12 August 2022

News/people

Bibby Financial Services selects NatWest’s Marion King as non-executive director

SME funder Bibby Financial Services (BFS) has appointed former director of payments at NatWest Marion King as board member and non-executive director.

01 August 2022

News/retail

Qonto sets sights on acquisition of Penta

Qonto, online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

22 July 2022

Research/SME

Rebundling: The Next Stage of the Fintech Evolution

22 July 2022 788 downloads

Company update/retail

Virgin Money and Superscript partner up to provide insurance to SMEs

Virgin Money, the high-street bank, is partnering with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

15 July 2022

Company update/payments

Mastercard reveals two in five SMEs worry they'll never hit pre-pandemic revenue

Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (44%) global small and medium sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.

27 May 2022

Research/SME

The Future of Payments 2022

27 May 2022 1741 downloads

Company update/wholesale

Experian to acquire majority stake in Brazil based Mova for $7.9mn

Experian Plc, the global information services company, has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A. (‘MOVA’), a leading fintech in Brazil that helps equip any company, including non-banks, with the expertise and technology to perform data-driven credit assessments of their SME end-clients.

16 May 2022

Finextra TV/wholesale

The customer engagement imperative: What banks can learn from the FinTech playbook

Gareth Wilson, UK Banking and Capital Markets business lead, Capgemini & Elias Ghanem, Vice President and Global Head of Capgemini Research Institute for Financial Services, reflect on the growth of digitalization across the industry and a shift in customer needs. They discuss the challenges banks are facing as a result, what they should be investing in and leveraging to tackle this challenge, and how they can use data and AI/ML technologies to create superior customer experiences that drive growth. They also reflect on how positioning the CMO as a customer strategist and chief engagement officer can further enhance growth opportunities.

10 May 2022