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Wise investors ‘should be concerned’ by probe, top advisors warn September 15, 2022 Investors in troubled money-transfer firm Wise “should be concerned” by the regulatory investigation into its chief Kristo Kaarmann as it threatens to “dampen shareholder value”, a top advisory group has warned. The Financial Conduct Authority revealed in June it had opened an investigation into the Estonian founder after tax authorities ruled in 2021 that he [...]
What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.
UK fintech investment tumbles as inflation rocks markets September 12, 2022 UK fintech investment plunged in the first half of 2022 as war in Ukraine and soaring inflation brought last year’s funding frenzy to a sharp close, new figures have revealed today.
Not having it: Revolut hits back at cost-cutting claims September 8, 2022 Revolut has hit back at claims it is cost-cutting and labelled them “misleading and incorrect” today after reports it was in the midst of a major review of its cost base.
UK must pursue overseas tech talent, says start-up body September 8, 2022 A leading start-up body has championed the flow of overseas talent into the UK’s technology sector today as new figures showed that nearly one in five UK tech firms had a foreign founder.
Terrible Thursday for Darktrace as shares nosedive by 25 per cent after private equity walks away September 8, 2022 Darktrace share price jumped sharply on reports last month that it is in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. However, this morning it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was [...]
Exclusive: MPs rebuke Wise after it freezes not-for-profit’s account September 6, 2022 Money transfer firm Wise has been rebuked by a group of MPs today after it suddenly froze the account of a non-profit drug policy organisation and prevented its staff from being paid, City A.M. can reveal.
UK reduced card fraud losses by £49m, the highest in Europe for third year running September 6, 2022 The UK reduced card fraud losses by £49m last year, meaning for the third year in a row it was had the highest in Europe. Only Britain, Hungry Sweden and Denmark improved their card fraud losses in the last 12 months, while Portugal and the Netherlands with the biggest offenders, exceeding 15 per cent losses. [...]