Exclusive: Younger users shun banks over weak sustainability performance March 30, 2022 Young people are shunning banks with weak environmental credentials as demand for sustainability in financial services swells, new data has revealed.
Exclusive: Competition watchdog to unveil open banking regulatory committee after fintech pressure March 25, 2022 The competition watchdog is set to unveil a new committee of regulators tomorrow to oversee the rollout of open banking technology, after sustained pressure from fintechs.
Bank of England assesses city exposure to crypto as market booms to $1.7tn March 24, 2022 The Bank of England is scrutinising the city’s exposure to crypto assets as it writes to firms today asking them to voluntarily disclose their strategy and plans in the sector.
London tech firm unveils first UK smartphone in five years March 23, 2022 London-based tech firm Nothing has announced plans to launch the first UK smartphone in five years as it looks to challenge the dominance of Apple and Samsung.
Apple snaps up Credit Kudos in open banking push March 23, 2022 Tech giant Apple has snapped up UK open banking startup Credit Kudos as it ramps up its push into payments.
UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]
NatWest to roll out buy-now pay-later credit as demand booms March 22, 2022 NatWest is set to be the UK’s first high-street lender to move into the booming buy-now pay-later market as it rolls out a dedicated product for customers later this year.
Tech firms lead business growth across Britain as one in four of all high-growth companies are startups March 22, 2022 Of the 175 fastest-growing UK companies – firms that have been able to grow their revenue 20 per cent or more, around a quarter (44) companies are technology companies, according to new research shared with City A.M. today. A significant number of these are fintechs. This includes payments giant Wise, which has managed to grow [...]
SPAC snaps up Ondo to make it first public ‘insurtech’ firm in London March 21, 2022 Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.
Shoppers turn to buy-now pay-later amid cost of living crunch March 21, 2022 Consumers are increasingly turning to buy-now pay-later (BNPL) products to manage their finances amid a cost of living crunch, fresh research has revealed.