UK Fintech Week

200 articles tagged with this keyword

/retail

Lendable raises £210 million at £3.5 billion valuation

London-based consumer finance platform Lendable has bagged £210 million in a funding round led by the Ontario Teachers' Pension Plan Board.

/startups

Lloyds Bank invests £5 million in working capital platform Satago

Lloyds Bank has invested £5 million for a 20% stake in invoice financing startup Satago and will roll out the platform for its Single Invoice Finance and whole of book Invoice Factoring customers.

/security

UK Government acts on online advert scams

The UK Government has confirmed that a new legal duty will be added to the Online Safety Bill requiring the largest and most popular social media platforms and search engines to prevent paid-for fraudulent adverts appearing on their services.

/security

Fraud victims lose £28K to bank transfer scams every hour

Victims are losing more to bank transfer scams every hour than the average UK worker earns a year, Which? research reveals, as the consumer champion calls on the government to urgently act on its commitment to legislate for mandatory reimbursement of victims.

/identity

Tesco Bank brings biometric onboarding to new Pay+ shopping app

Tesco Bank is using biometric authentication technology from Onfido to speed up onboarding for its Clubcard Pay+ account, through which users can ring-fence their grocery spend from any existing bank account.

/cloud

PPRO buys Alpha Fintech for payments orchestration play

UK cross-border e-payments firm PPRO has boosted its presence in Asia Pacific through the acquisition of Alpha Fintech. Financial terms of the deal were not disclosed.

/devops

Finextra partners with Finastra for Hack to the Future 4

Finextra has today announced a partnership with financial services software provider, Finastra, for its annual event, Hack to the Future.

/crypto

FCA raises concerns over Binance tie-up with UK-regulated business

The Financial Conduct Authority has again raised concerns about Binance after the crypto group completed a deal that effectively gives it control of a UK regulated company.

/payments

NatWest preps for live roll out of variable recurring payments

Following recent live tests, NatWest is to begin pilot testing of variable recurring payments with its open banking payments product Payit in the first half of 2022, with plans to scale to a commercial product ready by early 2023

/regulation

UK merchants warned to get ready for imminent SCA

With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.

/crypto

FCA is investigating 50 crypto firms

The Financial Conduct Authority opened over 300 cases related to crypto firms in a six-month period last year and has 50 live investigations, including criminal probes, into companies in the sector.

/startups

Private markets fintech Delio secures $8.3 million

Delio, a UK fintech which connects capital raisers, financial institutions and investors in private markets, has secured $8.3m growth funding led by Octopus Ventures.

/people

Mode appoints former Alipay UK chief Rita Liu as CEO

UK-based crypto startup Mode has named former Alipay UK CEO Rita Liu as chief executive officer.

/startups

Social investing app Shares raises $40m

After securing $40 million in Series A funding, London-based social and investing startup Shares is launching its app.

/regulation

FCA seeks to head off industrial action with new pay offer

The UK's Financial Conduct Authority has made a new employment offer to staffers in an effort to resolve a dispute over pay and conditions.

/startups

PollenPay enters UK BNPL sector

PollenPay is the latest startup to enter Britain's already crowded buy now, pay later arena, which has just witnessed its latest casualty in the withdrawal of Openpay from the UK market.

/payments

Nationwide customers suffer further delays in Faster Payments

Customers are reporting a rash of problems with inbound Faster Payments at Nationwide Building Society, which has been hit by intermittent service outages over the past two months.

/people

Zopa Bank to open applications to Ukrainian nationals; Revolut joins call to action

Zopa Bank is to immediately sponsor 50 work visas for Ukrainian nationals following new Home Office guidance.