Klarna going ‘all in on AI’ to fuel super-app push August 21, 2023 Klarna is “going all in on AI” as it looks to push beyond its buy-now pay-later bread and butter and take on banks on cheap lending, its global chief said.
Interactive Investor founder Sherry Coutu: entrepreneurship, climbing mountains and why Sunak’s maths plans don’t quite add up August 17, 2023 Interactive Investor founder Sherry Coutu on education, climbing mountains and entrepreneurship
Ranked: The best banks for customer service? Monzo and Starling steam ahead August 15, 2023 Which banks are the best for customer service? A new official ranking has been produced by the consumer regulator
Mastercard snaps up stake in $5.2bn fintech arm of South African telecoms giant August 14, 2023 Mastercard has snapped up a minority stake in the fintech arm of South African telecommunications giant MTN in a deal that values the division at more than $5bn, the telecoms firm announced today. MTN, Africa’s biggest mobile company which has operations across the continent, said in its half year results that the deal would be [...]
Plus500 unveils $120m payout in bid to turn around share price slump August 14, 2023 Fintech trading firm Plus500 has unveiled a fresh $120m payout for investors this morning despite reporting a slump in profits compared to last year amid “quieter market conditions”.
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]
A nation driving innovation – why the UK is still a great place for global fintech companies August 4, 2023 | Sponsored Martin Heraghty, Regional Director Europe, Paymentology As an international financial powerhouse, the UK – and in particular London – is a great place for a fintech company to be based – even when times are tough. Despite the economic fallout of Brexit, soaring inflation and the cost of living crisis, the UK is still ranked [...]
UK remains European fintech lead despite major investment slump July 31, 2023 Fintech investment in the UK slumped 57 per cent in the first half of the year as rising rates, high inflation and geopolitical tensions dampened investor sentiment. Total UK fintech investment dropped to $5.9bn (£4.6bn) in the first half of the year, down from $13.8bn in the same period last year, according to data from [...]
Move faster on data sharing or watch rivals ‘leapfrog’ the UK, competition tsar warns July 31, 2023 John Penrose, the government’s competition tsar, has urged the government to move faster in enabling the safe sharing of customer data or watch global competitors “leapfrog” the UK. Alongside a coalition of business groups – including the Payments Association and Open Banking Excellence – Penrose argued that the Data Protection and Digital Information Bill needs [...]
Tory peer’s CMC Markets blames ‘quiet’ conditions as trading falls sharply July 27, 2023 The trading shop run by Tory peer Lord Peter Cruddas said it had suffered a sharp slump in trading activity today as “quiet market conditions” failed to excite investors and revive booming interest seen through the pandemic.