/retail
NatWest has bought Metro Bank’s £2.4b mortgage book, while also admitting to being forced to spend £24m on cancelled “Tell Sid” campaign by the previous government.
26 July 2024
/sustainable
Earlier this month, Richard Peers of ResponsibleRisk – and keynote speaker at this year’s Sustainable Finance Live conference – spoke to director of nature programmes and GFI Hive at the Green Finance Institute (GFI) on nature-related financial risks for the UK.
/startups
Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.
/regulation
HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.
25 July 2024
/crypto
The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.
UK-based pensions fintech Jarvis has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund.
/markets
Berlin-based private markets platform bunch has closed a $15.5 million Series A
Revolut's long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.
A new fintech "acceleration partner" chaired by Atom and Metro Bank co-founder Anthony Thomson has added its first two portfolio companies, backing SME banking and payments firm wamo and climate-focused outfit ekko.
/ai
Trading and investing platform eToro is launching an AI-generated advertising campaign for the Paris Olympics.
/inclusion
Egyptian fintech unicorn MNT-Halan is prepping regional expansion after securing around $157.5 million in funding.
UK neobank app users are on track to surpass legacy banks for the first time by Q1 2025, according to research conducted on the Google Play Store by SplitMetrics.
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