Laybuy to share data with credit agencies as BNPL firms clampdown on borrowing August 31, 2022 Laybuy has become the latest buy-now pay-later firm to commit to sharing customer data with credit rating agencies today as the sector looks to clampdown on vulnerable shoppers taking on unaffordable debt.
‘Break the chains’ of regulation holding back challenger banks, MPs say August 30, 2022 A “one-size-fits-all” approach to regulating UK lenders has failed and watchdogs need to “break the chains” restricting the growth of challenger banks, a group of MPs said today.
Tight labour market is main threat to UK firms, business chiefs warn August 30, 2022 A tight labour market is threatening to choke off growth in UK firms this year as bosses struggle to attract and retain staff, a new survey has revealed.
Wise hit with £308,000 fine in Abu Dhabi over money laundering failures August 30, 2022 London-listed fintech firm Wise has been slapped with $360,000 (£307,801) fine by Abu Dhabi regulators today after a series of failures in its anti-money laundering controls.
Investor confidence is ‘the lowest we have seen’, warns Hargreaves Lansdown chief August 30, 2022 The chief of retail investment platform Hargreaves Lansdown warned that investor confidence was at an all time low today as he encouraged Brits to shrug off the “short term volatility” that has rocked equity markets this year.
Payments platform Bango snaps up Japanese firm Docomo Digital August 30, 2022 Bango provides a payments platform for firms including Netflix, Britbox and Youtube
Monday read: Five day week is ‘in many cases not fit for purpose’, says Atom Bank chief August 29, 2022 The concept of a five day working week is " in many cases no longer fit for purpose for 21st century businesses”, the chief of digital lender Atom Bank said today as he hailed the success of a four day week at the firm.
UK regulatory fines slump after pandemic logjam August 24, 2022 The amount of fines dished out by the UK’s financial regulators has tumbled by nearly half in the first half of the year as officials catch up with a pandemic backlog, a compliance consultancy said today.
NFTs worth more than $100m stolen in the past year August 24, 2022 Over $100m worth of non-fungible tokens (NFTs) have been reported as stolen in the past year as scammers pounced on a surge in interest in digital assets, new data has revealed.
Aveva shares surge as Schneider mulls takeover August 24, 2022 Shares in British software group Aveva leapt over 30 per cent today after French industrial group Schneider said it was mulling a full buyout of the firm.
