CBI president: UK needs to tap into fintech’s ‘flotilla of benefits’ April 25, 2022 The UK needs to tap into “a flotilla of benefits” on offer from the country’s world-beating fintech sector, the president of Britain’s top business group will urge today at a gathering of the City’s biggest and brightest minds. Lord Bilimoria, president of the Confederation of British Industry (CBI) and a cross-party peer, will stress to [...]
Revolut overhauls Ukraine refugee scheme after customers ‘exploit’ referral fees April 24, 2022 Fintech giant Revolut has been forced to overhaul a scheme offering free accounts to Ukrainian refugees after it was exploited by customers.
Top challenger banks exposed to cybercrime, warns city watchdog April 22, 2022 A group of the UK’s top challenger banks have left themselves vulnerable to terrorist financing, money laundering and fraud due to weak financial controls, the city watchdog warned today.
Chinese tech giant Tencent snaps up stake in business finance firm Previse April 22, 2022 Chinese tech giant Tencent has snapped up a stake in London business finance firm Previse as it accelerates its push into UK fintech.
Private detective admits hacking Wirecard’s critics April 22, 2022 An Israeli private detective has admitted coordinating efforts to hack journalists on behalf of disgraced payment processor Wirecard. Aviram Azari pleaded guilty to charges of wire fraud, conspiracy to commit hacking, and aggravated identity theft, for his role in acting as a middleman in the hacker-for-hire scheme. The charges relate to Azari’s role in working [...]
PensionBee buzzes onto London’s top market as boss calls for rules reform April 21, 2022 The boss of fintech PensionBee has called for a swathe of reforms to London’s capital markets today in order to boost the growth of newly-listed tech firms, as the firm marks its shift onto London’s flagship market.
London VC firm unveils $20m fund to back student ‘deeptech’ innovation April 21, 2022 A London-based venture capital firm has unveiled a new $20m fund today to pump into so-called ‘deeptech’ projects emerging from universities across the UK and Europe.
Funding Circle founder gets $30m injection for new Super Payments firm April 20, 2022 The founder of fintech lender Funding Circle has bagged $30m backing for a new payments startup aiming to take on behemoths like Visa and Mastercard.
PensionBee announces shift to London’s top market as it eyes up profitability this year April 14, 2022 Pensions fintech PensioneBee has announced a shift on the London Stock Exchange’s main market today as it eyes up profitability this year.
London lender Capital on Tap gets $200m backing for US push April 13, 2022 Small business lender Capital on Tap has bagged a $200m funding facility from HSBC and Värde Partners as it eyes a US growth spurt.