Australian property fintech PEXA gears up for government-backed UK launch February 15, 2022 Australian property fintech PEXA is set for a UK expansion with backing from the UK government as it looks to roll out a remortgage platform for UK mortgage lenders.
Financial watchdog pushes through changes to “unfair and unclear” buy-now pay-later contracts February 14, 2022 The Financial Conduct Authority has pushed through changes to potentially “unfair and unclear” terms in the contracts major buy-now pay-later (BNPL) as the government prepares for a regulatory clampdown on the sector this year.
Klarna eyes up $60bn valuation with new funding round February 10, 2022 Buy now pay later (BNPL) giant Klarna is eyeing up a new funding round that could see its valuation jump to $60bn (£44bn) as it looks to fund an expansion.
FCA warns banks of Russian cyber attacks as Ukraine tensions ripple through European finance February 9, 2022 The Financial Conduct Authority has warned UK banks to stress test their cyber defences as fears grow of Russian-sponsored cyber attacks amid tensions in Ukraine.
Dutch fintech Adyen reports surge in revenue as digital payments boom February 9, 2022 Dutch payments giant Adyen has reported a jump in revenues today and a 72 per cent surge in payments as merchants increasingly shift to digital payment methods.
European Central Bank preps lenders for potential Russian cyberattack February 9, 2022 The European Central Bank is reportedly preparing lenders for a possible Russian cyberattack, as analysts warn the move could be used to de-stabilise Ukraine prior to invading. The Bank is on high alert amid rising tensions between Russia and Ukraine, Reuters first reported, having had its sights locked on the rise of scams in the [...]
GoCardless closes $312m funding round to become UK’s latest fintech ‘unicorn’ February 8, 2022 London-based payments firm GoCardless has closed a $312m funding round to make it the UK’s latest fintech ‘unicorn’ with a valuation of $2.1bn.
Female-focused investment programme launches to help close gender funding gap February 8, 2022 A new female-focused fundraising programme has launched today to aim to close the UK's gender funding gap and work with female founders to navigate unconscious bias in venture capital (VC) investing.
Selina Advance scoops up $150m funding to roll out home equity lending February 8, 2022 London-based fintech firm Selina Advance has scooped up $150m funding as it looks to roll out home equity lending products to customers across the UK.
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.