FCA warns of buy now pay later usage amid cost of living crunch May 10, 2022 Consumer groups have sounded the alarm over buy-now pay-later and credit usage as fresh data reveals Brits are turning to the products to buy essentials and ease the pain of a cost of living crunch.
‘Hello from the Big Apple’: Sadiq Khan touches down in New York City as London Mayor starts US tour to boost tourism and tech May 9, 2022 London Mayor Sadiq Khan has arrived in New York City and met with former mayor Michael Bloomberg as the London leader began a US tour aimed at boosting the British capital’s tourism and tech industries. The mayor of London tweeted he had caught up with his “good friend” Mr Bloomberg, who was in charge of [...]
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
Klarna set to share customer buy-now pay-later data with credit agencies as regulation looms May 4, 2022 Fintech giant Klarna is set to begin sharing buy-now pay-later (BNPL) information with credit reference agencies as the sector scrambles to get ahead of a regulatory clampdown expected this year.
FTSE 250 fintech firm Plus500 seeks to woo investors ahead of AGM May 3, 2022 Fintech giant Plus500 has told investors it has made “substantial progress” in pursuing its strategy, as it prepares for the start of its annual general meeting (AGM) later this morning. The AGM will see Plus500 investors asked to vote on 20 separate resolutions, including on plans to launch a major share buyback scheme and boost [...]
Brexit-proof: London races ahead of all European tech rivals as record 18,500 new startups flock to the capital April 28, 2022 The number of new tech companies incorporated in London jumped 94 per cent last year, it has emerged. A total of 18,549 tech businesses were incorporated in London in 2021, according to an analysis of data held by Companies House, up from 9,572 in 2020. London accounted for the highest number of incorporations in 2021, [...]
Exclusive: Fintech faces a ‘dystopian future’ as software fighting software will cause fatal disruption April 28, 2022 Fintechs are facing a ‘dystopian future’ with software fighting software threatening major disruption later this year. In the software marketplace, Software-as-a-Service (SaaS), where software is supplied online to businesses on a subscription basis, has become endemic. Now in 2022 financial criminals are taking this concept to a new level, with Fraud-as-a-Service. Fraud as a Service [...]
Robinhood slashes nine per cent of workforce April 27, 2022 US fintech giant Robinhood is planning to slash nine per cent of its workforce after a period of "hyper growth" tapered off.
Starling bags £130.5m ‘war chest’ as it looks to snap up lenders April 26, 2022 Fintech lender Starling said it is on an acquisition warpath today as it bagged £130.5m fresh funding to snap up new firms.
Shoppers push for tech investment as demand for new payment methods swells April 25, 2022 UK shoppers are pushing retailers to ramp up investment in technology as demand for new payment methods from retailer swells, new data has revealed. Around 80 per cent of shoppers are calling on retailers to invest in tech like frictionless payments to help avoid queues and swerve lengthy checkout forms, according to a report into [...]