200 articles tagged with this keyword
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.
01 April 2022
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
Long read/UK Fintech Week
Chris Holmes Peer at House of Lords
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.
News/payments
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.
Andrew Smith Founding CTO at RTGS & ClearBank
30 March 2022
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.
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.
News/retail
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.
Hamish Monk Senior Reporter at Finextra
News/regulation
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
The Competition and Markets Authority (CMA) has announced a new committee – the Joint Regulatory Oversight Committee (JROC) – to oversee the continued rollout of Open Banking in the UK, among other recommendations.
The UK's Financial Authority says that any cryptocurrency ATMs operating in the UK are doing so illegally and that they must be shut down.
11 March 2022
News/cloud
NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.
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