UK Fintech Week

200 articles tagged with this keyword

/retail

NatWest to close another 32 branches

NatWest Group is closing another 32 branches, citing the migration to online and mobile banking.

/startups

Sustainable finance app Novus goes live

Societal impact app Novus has begun onboarding customers in the UK after closing a $3 million crowdfund.

/regulation

BNPL firms ordered to refund charges to users following FCA crackdown

The Financial Conduct Authority is cracking down on potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay ahead up-and-coming regulation of the UK buy now, pay later market.

/payments

Barclays calls for more stringent regulation of BNPL market

Barclays is calling for more robust regulation of all buy-now-pay-later products as it releases new research which suggests the lack of consistent affordability assessments has led shoppers to take on more debt than they can afford to repay.

/sustainable

NatWest launches Climate Hub to help SMEs go green

Under its £100 billion Climate and Sustainable Funding and Finance ambition, NatWest is now providing tools, via an online Climate Hub, to help small and medium-sized enterprises (SMEs) go green.

/sustainable

Lloyds names sustainability competition winners

Lloyds has named four winners of a competition to find the next generation of green tech businesses that will support its transition to net zero carbon operations.

/regulation

Freetrade in the dock over misleading influencer promotions

The Financial Conduct Authority has ordered FreeTrade to take down all of its social media influencer posts over concerns that they could tempt vulnerable people into making unwise investments.

/payments

UK’s Faster Payments quadruples transaction limit to £1 million

A Pay.UK spokesperson has confirmed that the Faster Payment System transaction limit has today increased from £250,000 to £1 million.

/payments

GoCardless joins Unicorn club on $312 million funding round

GoCardless, a processor of recurring debit payments for more than 70,000 businesses worldwide, has secured a Series G funding round of $312 million at a valuation of $2.1 billion.

/retail

Selina Finance snags £150 million for home equity lending

Selina Finance, a London-based alternative lender which provides credit to business and consumer borrowers by unlocking the value tied up in their property, has raised $35m in equity from Lightrock and $115m in debt from Goldman Sachs and GGC.

/startups

Charitable giving app Toucan takes flight

Toucan, a London-based fintech startup for charitable giving, has moved out of closed beta.

/retail

Railsbank set to join the unicorn club - Sky News

Embedded finance platform Railsbank is on the verge of hitting unicorn status thanks to an upcoming investment round, according to Sky News.

/startups

UK fintech investment soars to $37.3 billion in 2021

Total UK fintech investment hit $37.3 billion in 2021, up sevenfold from $5.2 billion in 2020, according to figures compiled by KPMG.

/retail

Monzo beats Starling on overdraft requests, claims Built for Mars

Built for Mars’ Peter Ramsay, creator of widely acclaimed UX case studies has released another comparison piece, dissecting the strengths and weaknesses of the overdraft experience provided by challenger bank rivals, Monzo and Starling.

/startups

Barclays steps up fintech engagement through Rainmaking partnership

Barclays has teamed up with corporate venture builder Rainmaking to develop a host of initiatives working with fintech firms around the world.

/people

Monzo offers staff three months’ paid leave

Monzo intends to revamp employee work-life balance by ensuring staff that have worked for the digital bank for over four years are eligible for sabbaticals lasting three months.

/regulation

FCA staff vote in favour of industrial action

Financial Conduct Authority employees have voted in favour of industrial action over proposed cuts to pay and conditions.

/security

Alarmed by 'fraud epidemic', UK MPs push for legislative change

UK MPs are calling on the Government to legislate on mandatory reimbursement by banks to victims of authorised push payment fraud and new rules to bring Big Tech to heel over social media scams.

/payments

Ripple partners Modulr to improve payments into UK and Europe

Blockchain and crypto giant Ripple has joined forces with British firm Modulr to enable "seamless" payments into the UK and Europe from the rest of the world.

/payments

Lloyds signs first retailer for A2A payments API

Car dealership JCT600 has become the first retailer to use Lloyds’ new PayFrom Bank account-to-account payment product, displacing plastic cards at the online checkout.