Exclusive: Government turns to top fintechs to champion sector overseas March 18, 2022 A group of the UK’s top fintech firms will join a new government-backed body designed to help shape trade agreements and champion UK fintech internationally, as ministers look to leverage the sector as a force for trade.
Loosened pension rules could unleash £5bn tech and science investment March 17, 2022 Government plans to loosen pension investment rules could unleash a wave of funding into the UK’s tech and life science sectors, according to new research.
PensionBee doubles revenue as assets under management hit £2.6bn March 17, 2022 PensionBee has more than doubled its revenue over the past 12 months, as firm’s assets under management blossom. Assets under management have bloomed over 90 per cent to £2.6bn in the year to 31 December, up from £1.4bn in 2020. Revenue has also rocketed, from £6.3m to £12.8m, as the pandemic-era drive to get one’s [...]
Exclusive: London investment vehicle rolls out to back climate tech startups March 17, 2022 A new £20m investment vehicle has rolled out in London today to target early-stage tech firms tackling climate change, as UK investment into the space continues to swell.
Contactless payment value soars after limit is loosened March 16, 2022 The average contactless payment has surged almost 30 per cent in value in the past six months after the limit on payments was hiked from £45 to £100 in October.
IG Group user numbers at ‘all-time high’ following ‘extraordinary meme stock’ rally March 16, 2022 Online trader IG Group has snagged yet another quarter of consecutive growth after the “extraordinary ‘meme stock’” rally ushered in a record number of active users. Active client numbers hit an “all-time high” of 292,200 in the three months to 28 February, up from 220,900 in the third quarter of 2021. Overall trading revenue from [...]
Fintechs call for open banking body to be ‘weaponised’ and simplified as CMA mulls its future March 16, 2022 Fintech firms have called for open banking’s governing body to be “weaponised” and simplified, as the Competition and Markets Authority (CMA) prepares to deliver a verdict on its future next week.
Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
Exclusive: Debit card rolls out for shoppers to track and tackle their environmental footprint March 15, 2022 A new debit card which tracks the carbon footprint of every purchase has rolled out to consumers today, as it looks to tap into a surge in demand for sustainable financial products.
Former Wirecard boss charged with fraud over financial collapse March 14, 2022 The former boss of Wirecard has been charged with fraud, breach of trust and accounting manipulation following the collapse of the firm amid a major accounting scandal in June 2020. Markus Braun has been charged by Munich public prosecutors after a 21 month criminal investigation into practices at the firm which saw it crash into [...]