JPMorgan set to double UK headcount of digital bank Chase Digital banking JPMorgan is planning to double the headcount of its British digital bank Chase in the next two years as it looks to guzzle up market share from the UK’s fintech lenders.
Revolut wins full crypto authorisation from City regulator Crypto Revolut has secured authorisation to provide full crypto services in the UK after months of wrangling with the City regulator as it waited on a temporary register.
‘The Future of Money’: book review City Talk Are cryptocurrencies the next big investment, a fad or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from them? Eswar S. Prasad attempts to address these questions in The Future of Money: How the Digital Revolution Is Transforming Currencies [...]
3 benefits-packed tech jobs of the week September 26, 2022 The demand for experts within tech companies is at an all-time high, and expected to rise even higher as we move towards 2023. Higher salaries and competitive non-financial benefits such as unlimited paid time off and travel allowances are just some of the reasons people are moving into roles with tech companies. Throw in the [...]
Exclusive: Northzone partner says London is still top of investor wishlist September 23, 2022 London is still at the top of European investors’ wishlists according to global tech VC investor Northzone. Having recently raised €1bn in its largest funding round to date, Northzone partner Kilian Pender reckons businesses are still betting big on the City. “While it’s hard to tell what impact economic downturns are going to have on the [...]
Jupiter to sell £100m stake in Starling Bank at steep discount on April valuation September 22, 2022 FTSE 250 asset manager Jupiter is in advanced talks to sell a £100m stake in Starling Bank at a heavy discount on its most recent valuation of £2.5bn. Jupiter Fund Management is in talks with several of the challenger bank’s existing investors, with a view to offloading a seven per cent share in the firm, [...]
Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]
Government and regulators ‘asleep at the wheel’ as UK risks fintech lead September 21, 2022 THE UK risks losing its lead in the race to be the globe’s fintech capital, founders of some of the UK’s most innovative finance firms have warned. One warned that the government was “asleep at the wheel” and not moving quickly enough to update the rule book. According to the Fintech Founders Summer Survey, in [...]
Rising fintech star explains why banks are rushing to jump on the lucrative BNPL bandwagon September 19, 2022 Virgin Money recently confirmed plans to enter Britain’s buy now, pay later (BNPL) market. The banking player is the latest player to start offering BNPL products, which generally can help people to spread the cost of purchases without adding to their overall cost. Earlier this year, another bank, NatWest, said that it planned to enter [...]
City exclusive: Brits leave Europeans trailing in digital banking September 18, 2022 Brits are significantly ahead of other Europeans in their embrace of digital forms of banking. New research, shared exclusively with City A.M. this morning, shows that people in the UK are nearly twice as likely as other Europeans to prefer applying for financial products and services online via website or app, including through online chat [...]