Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Volkswagen Finance fined by FCA for unfairly treating vulnerable customers October 21, 2024 The City regulator has fined Volkswagen's UK financial services arm £5.4m for its unfair treatment of customers in financial difficulty, which it said may have caused them harm.
Lendinvest taps Barclays, HSBC and BNP for £300m financing October 21, 2024 Lendinvest has renewed a £300m financing deal with Barclays, HSBC and France’s BNP Paribas as the property fintech looks to return to profitability. The AIM-listed firm said the revolving warehouse financing agreement, shared equally between the three banks, had been extended for an additional three years on what it called improved terms. LendInvest said the [...]
Rachel Reeves could borrow £80bn over next five years, lenders say October 20, 2024 Rachel Reeves could borrow an extra £80bn to fund the government's ambitious spending plans for infrastructure and green energy, according to lenders.
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
Fraud cost Brits almost £600m in first half of 2024 October 18, 2024 Fraudsters stole almost £600m from Britons in the first half of 2024, new figures reveal, in a sign of the heavy losses banks will cover under new mandatory reimbursement rules.
Payment fraud is becoming more sophisticated, creating new vulnerabilities for organisations October 17, 2024 | Sponsored Author: Tim Forster, Strategic Partner Manager, Financial Messaging at Finastra In the digital age, security is a top priority for corporates and financial institutions. As payments become increasingly more sophisticated, so too do fraud attempts, particularly as payments are increasingly operating in real-time. The operational characteristics of instant payments (fast, irrevocable, simultaneous clearing and settlement) [...]
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income October 17, 2024 Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]