City of London and EY call for national digital ID March 27, 2025 The UK risks losing its position as a global financial hub unless it rapidly upgrades its digital verification infrastructure. A new study from EY and the City of London Corporation warned that delays in establishing a government-backed, scalable digital verification system (DVS) could cost the UK billions in economic benefits. Meanwhile, it is increasing businesses [...]
Deutsche Bank bets £250m on UK fintech Abound March 27, 2025 Deutsche Bank announced on Thursday morning it had given a £250m backing to UK fintech Abound, boosting the firm’s lending capacity. The latest round of funding compounds existing support from Citi, Waterfall Asset Management and LuminArx – and takes the fintech’s total credit ceiling to £1.6bn. Abound said the additional capital would provide “firepower to [...]
Pittsburgh Steelers’ fintech stadium sponsor Acrisure enters English cricket March 27, 2025 Fintech and insurance firm Acrisure has entered English cricket, striking up a partnership with Nottinghamshire County Cricket Club. The Michigan-based firm, parent of Nottingham-based Russell Scanlan, will see the Trent Bridge Fox Road stand at the England international level stadium renamed the Acrisure Stand for the next three seasons. It will add to their sporting [...]
‘The deal was done before the starters arrived’: Fundment CEO on the art of the business lunch March 27, 2025 Fundment founder Ola Abdul secured £45m earlier this year. He tells us how he did it, including the art of the business lunch.
Fintech leads UK tech hiring boom March 24, 2025 The fintech sector dominates hiring activity among UK startups and scale-ups, according to a new report. The research found that fintech firms accounted for 21 per cent of all UK companies recruiting for tech roles. It also revealed that these companies added 2,127 new employees to their organisations within the last twelve months, outpacing other [...]
Will London take New York’s fintech crown? March 21, 2025 According to Z/Yen’s 37th Global Financial Centres Index (GFCI 37), the Square Mile is snapping at the heels of the Big Apple.
Natwest partners with OpenAI as FTSE giant scales up tech March 20, 2025 Natwest announced on Thursday it has entered a partnership with OpenAI to focus on “bank-wide simplification”. The FTSE 100 lender said it would leverage AI to meet customers’ needs faster and more effectively, whilst increasing productivity and efficiency across operations. The firm said it would deploy “some of the latest and most powerful developments in [...]
IT outages: Are UK banks failing to modernise? March 20, 2025 Imagine it’s payday, and you’re trying to pay your bills or make a critical purchase, only to discover that your bank’s system has gone down. For millions of customers at Britain’s major banks, this nightmare is all too familiar. Over the past two years, nine of the UK’s banks were offline for more than 800 [...]
Fintech boss outlines industry’s Spring Statement needs March 20, 2025 With the Chancellor’s Spring Statement under a week away, a fintech boss has laid out how the government must support the industry. Laurent Descout, co-founder and chief executive of payments platform NEO, said Rachel Reeves must prioritise support for the fintech sector through two key areas: university funding and helping small and medium-sized enterprises (SMEs). [...]
Sibstar: Fintech backed by Dragons’ Den stars Deborah Meaden and Sara Davies seeking extra cash March 20, 2025 Fintech Sibstar, which is backed by Dragons’ Den stars Deborah Meaden and Sara Davies, has launched a new crowdfunding campaign in a bid to raise £350,000. The mobile app and debit card for people with dementia was founded by chief executive Jayne Sibley and secured £125,000 after appearing on the hit BBC One show last [...]