Revolut facing ransom request after hackers obtain customers’ data Banking Revolut hackers are threatening to release stolen customer data unless the fintech pays a ransom, after the company inadvertently handed over a trove of users’ private information over the weekend. The digital banking giant said a “very limited” number of customers were affected by the breach, which compromised data including customers’ identity documents, postal and email [...]
OpenAI alum moves into ChatGPT maker’s old office in push to serve UK’s fintechs Fintech A tech firm founded by OpenAI alumni has set up shop in the ChatGPT maker’s old office as it sets its sights on serving the UK’s top fintechs, City AM can reveal. Dust, an AI platform founded by former OpenAI and Stripe engineers Stanislas Polu and Gabriel Hubert, has taken a lease at the Fora [...]
Abolish stamp duty on shares to reverse London’s IPO slump, say top fintechs Fintech The group that represents the UK’s fastest growing fintech companies has called for the government to scrap stamp duty on shares to boost London’s flagging initial public offering market. Innovate Finance – which counts Revolut, Monzo and Zilch among its members – has called for the Treasury to ditch the 0.5 per cent levy on [...]
Revolut US licence win ‘strengthens pre-IPO story’ September 9, 2026 Revolut’s conditional approval for a US banking licence has been hailed as a “consequential” step in the fintech’s march towards a long-awaited public debut. The digital bank landed approval from the Office of the Comptroller of the Currency (OCC) for its American national bank charter last week, clearing a major hurdle to launch its operations [...]
Investors fret as UK fintech chief bows out September 9, 2026 Lisa Jacobs has overseen a tumultuous time at the helm of London-listed fintech Funding Circle. After she announced plans for her exit, Samuel Norman takes a look at Jacobs’ tenure in this week’s column. As she announced plans to bow out from fintech firm Funding Circle on Tuesday, Lisa Jacobs was desperate to play down [...]
Funding Circle boss bows out as fintech lifts profit forecast September 8, 2026 The boss of small business lender Funding Circle has laid out plans for her departure as the fintech lifted its profit forecast for the year ahead. Lisa Jacobs, who has led the firm since 2022, will step down as chief executive by “no later than September 2027,” the firm said on Tuesday. The fintech chief [...]
UK fintech Allica Bank looks to crack European market August 31, 2026 Allica Bank is laying the groundwork to expand into the European market after becoming one of the fastest-growing fintech unicorns in the UK. The small business lender has applied for a banking licence in Sweden initiating its first move into a new market beyond its homeland. The submission to the Swedish Financial Supervisory Authority, known [...]
Monzo faces outage as thousands of users unable to make payments or transfers August 19, 2026 UK fintech Monzo has suffered an outage that has left thousands of its users unable to use its banking services. The digital bank said it had “identified some issues” and initiated a stand-in backup service, which would allow users to still complete card payments and receive transfers. But some users have continued to raise concerns [...]
Klarna cuts revenue target as it forecasts softer European volumes August 18, 2026 Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous forecast of over $4.34bn (£3.21bn). This came alongside a reduction in predicted gross [...]
Monzo chair makes early exit after boardroom rift August 17, 2026 The chair of Monzo will make an early exit from the UK fintech next month following a period of a turmoil in the neobank’s boardroom. Garry Hoffman will step down from his role as soon as next month, ending his tenure over a year earlier than his nine-year term permits. He will be replaced by [...]