City Moves for 21 August 2018 – who’s switching jobs at Barclays, Aviva Investors and Petrofac? August 20, 2018 NULL
Blockchain startups have raked in $1.8bn in venture capital funding in the last six months | City A.M. August 8, 2018 Blockchain startups raised a record-breaking $1.8bn (£1.4bn) across more than 300 deals with venture capital (VC) investors in the last six months, as the industry doubles down on the technology behind cryptocurrency. Data compiled by London-based blockchain specialist VC firm Outlier Ventures revealed investments into dedicated blockchain startups soared in the first half of 2018 [...]
London fintech serves up UK-wide partnership with sushi chain Itsu August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux's banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]
London fintech serves up UK-wide partnership with sushi chain Itsu | City A.M. August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux’s banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Broadband challenger Hyperoptic raises £250m from eight top banks | City A.M. August 3, 2018 Gigabit broadband provider Hyperoptic today announced a debt raise of £250m from eight leading international banks, aimed at powering its full fibre optic network across the UK. The round was led by ING and BNP Paribas, with RBS, Societe Generale, RBC, HSH, NIBC and Barclays also participating. The raise will fully fund Hyperoptic’s project to [...]
Barclays takes up significant stake in London fintech Marketinvoice | City A.M. August 2, 2018 Barclays today announced it has acquired a significant minority stake in London-based fintech Marketinvoice, in a deal that will utilise the startup’s technology to provide £1bn in capital for the UK’s small businesses. City A.M. understands the deal will also see Barclays lead Marketinvoice’s upcoming series B fundraising round, which is due to close in [...]
IBM, Barclays and Citigroup are building a blockchain-based app store | City A.M. July 30, 2018 IBM and foreign exchange settlement service CLS are building a network based on blockchain technology for testing new applications. Nine financial institutions, including Barclays and Citigroup, are already signed up to participate. LedgerConnect will be an agnostic platform that offers applications provided by different vendors for a variety of services, such as customer compliance checks, [...]
Borderless banking: Meet the mobile-only bank for migrants July 30, 2018 When Norris Koppel came to the UK 18 years ago, he landed a good job and found a flat to rent. But there was a problem: the banks refused to let him open a current account. Koppel had no credit history in the UK, which meant – as far as the banks were concerned [...]
‘No terminal damage’ of the City because of Brexit, says Barclays boss John McFarlane | City A.M. July 25, 2018 Barclays boss John McFarlane has struck a note of caution about the impact of Brexit on the City, saying he doesn’t believe it will cause “terminal damage”. In an interview with Reuters, the chairman also known as ‘Mac the Knife’ shrugged off fears that the plan for the sector’s future trading relationship, revealed as part [...]