A forex fintech is putting an end to hidden fees – high street banks should take note February 20, 2024 Millions of Brits face charges of almost four per cent when sending money abroad – a new app committed to 'radical transparency' is set to change all that, writes Harsh Sinha
Shift: The Yodel deal orchestrator backed by Sir Andy Murray and the Duke of Norfolk February 13, 2024 All you need to know about Yodel's new owner which is backed by Sir Andy Murray and the Duke of Norfolk.
Cashplus boss: More challenger banks to go up for sale as big lenders see ‘brain drain’ February 3, 2024 The consolidation of mid-sized challenger banks will likely ramp up in 2024, the chief executive of digital bank Cashplus has told City A.M.
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City A.M. that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
Former boss of Gupta-linked Wyelands Bank fined over breaches of senior manager rules January 11, 2024 The main banking watchdog has fined Iain Mark Hunter, former chief executive of wound-down Wyelands Bank, £118,808 for “material breaches” of senior manager rules, including how the lender handled ties to steel tycoon Sanjay Gupta. The Bank of England’s Prudential Regulation Authority (PRA) found that between 7 March 2016 and 28 May 2020 Hunter breached conduct [...]
Lord Adair Turner rejoins Oaknorth as digital bank mulls IPO December 24, 2023 Digital challenger bank Oaknorth has appointed former City watchdog boss Lord Adair Turner to be its chair as it mulls an IPO.
One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Starling Bank bets on tech to boost growth as much-anticipated IPO looms December 4, 2023 Starling Bank hopes to make technology an "increasingly significant part" of its business model as it ramps up international expansion ahead of an IPO, the chief of the group's software-as-a-service (SaaS) business has told City A.M.
Oaknorth founder accuses lenders of underserving SMEs for years November 7, 2023 Oaknorth is offering to help scale-up businesses that are being overlooked and underserved by big banks
Culture clash: Why banks need to rid themselves of culture-by-consultancy September 26, 2023 Retail and investment banks are under scrutiny like never before - and culture is on the frontline, argues City lawyer Barnabas Reynolds