Seedrs boss hits out at regulators for stifling growth April 6, 2022 The boss of crowdfunding firm Seedrs has hit out at UK regulators today claiming they are stifling the potential of UK startups.
Fintech industry slams Home Office after delays to scale-up visa April 5, 2022 The Home Office has been censured by the fintech industry today after announcing it would delay a fast-track visa scheme slated for delivery this month.
Moneycorp plots complete withdrawal from retail as fintech giant shifts focus to payments and banking April 5, 2022 Fintech giant Moneycorp plans to exit from its last remaining retail branches at Gatwick Airport. “Today’s announcement marks an end to the group’s retail franchise and an important step in its evolution from a UK foreign exchange business to a global payments and banking services provider,” the company said in a statement sent to City [...]
Ministers offer open banking boost with ‘smart data’ investment April 5, 2022 Ministers threw their weight behind the roll out of open banking technology yesterday as they confirmed a funding injection in the development of so-called ‘smart data’ in financial services.
Zopa bank hits profitability but may push back IPO amid market turbulence April 4, 2022 Digital lender Zopa has announced it hit profitability for the first time ever last year as it eyes up a shift onto the public markets in 2022.
Government explores ways to unlock wave of pension investment March 30, 2022 The government is exploring ways to unleash a wave of investment from pension funds into private assets, as it opens an industry consultation today designed to slash red tape.
OakNorth boosts profits by 70 per cent after lending surge March 30, 2022 Digital lender OakNorth boosted its profits by more than 70 per cent last year as an economic rebound from the pandemic led to a surge in business lending.
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.