The Financial Conduct Authority just spent £70,000 on a new logo, including hiring a Saatchi & Saatchi agency May 7, 2017 The industry-funded Financial Conduct Authority has spent almost £70,000 on a refresh of its brand, including a brand new logo designed by Saatchi & Saatchi, City A.M. can reveal. The FCA recruited B2B specialists Saatchi & Saatchi Pro ahead of its planned move from Canary Wharf to the edge of the Queen Elizabeth Olympic Park [...]
Sunday Times Rich List 2017: The wealth of Britain’s billionaires has boomed despite Brexit, but Mike Ashley, Sir Philip Green and Selfridges owning Weston family lose millions May 7, 2017 The wealth of Britain’s richest has rocketed with more billionaires than ever before, new figures reveal. Brexit failed to derail the rise of the super-rich and the collective cash of the world’s wealthiest topped a whopping £658bn – that’s up 14 per cent on last year. There are now 14 more billionaires in Britain than [...]
Digital challenger Starling Bank’s partnered with Vocalink-backed Pay by Bank app for mobile payment technology April 25, 2017 Digital challenger bank Starling has partnered with Pay by Bank app, Vocalink’s mobile payment technology, to let users more easily make purchases online. Formerly known as Zapp and created by the UK’s biggest banks before Vocalink was sold to Mastercard, Pay by Bank app’s technology is already being used in services such as Barclays’ Pingit [...]
Biometric banking: Mastercard’s created a credit card with fingerprint recognition to replace pins April 20, 2017 You can ditch your pin next time you’re at the till – just a fingerprint is needed to pay with Mastercard’s latest credit card. Inspired by the likes of Apple, where a touch of your finger can unlock the iPhone, the card company is trialling the biometric technology to make it easier to pay. Here’s [...]
It looks like BT is ramping up its experiments with blockchain technology, patent filings reveal April 19, 2017 BT is ramping up its work on blockchain technology, with several patents related to the distributed ledger technology filed in recent months. The FTSE 100 telecoms firm which also provides IT services to high profile clients globally, such as Nationwide Bank, has filed at least six patents since the start of the year in relation [...]
Fintech patents jump in “arms race” between banks and startups: These are the 10 countries filing the most April 18, 2017 The number of patents being filed for financial technology have jumped amid an “arms race” between fintech startups and banks, new figures reveal. Global fintech patents have grown by 49 per cent in the past five years, reaching 9,545 in 2016 according to official global filings. “The surge in patents reflects both the proliferation of [...]
Lloyds Bank, Halifax and Bank of Scotland online banking customers will soon be able to use facial recognition technology for login instead of passwords with Microsoft Hello April 17, 2017 Lloyds is the latest bank to jump on the biometric bandwagon with new plans to let users login simply by showing their face to a camera. Online banking for customers of Lloyds, Halifax and Bank of Scotland will now come with a new security option that replaces a password with a selfie or a fingerprint. [...]
FCA investigates Barclays boss Jes Staley: Here’s how four City analysts reacted April 10, 2017 Confusion reigned in the City this morning, after the Financial Conduct Authority (FCA) said it was investigating Barclays chief executive Jes Staley over his attempt to identify a whistleblower at the bank. It was reported that Staley may even lose a hefty chunk of his bonus as a result. Investors weren’t sure what to make [...]
Barclays share price dips as FCA probes chief executive Jes Staley over a whistleblower case while the lender cuts his annual bonus April 10, 2017 City watchdogs are set to probe Barclays’ chief executive Jes Staley after he attempted to identify a whistleblower at the bank. Barclays said it will issue a formal reprimand and will make a “very significant” adjustment to Staley’s bonus. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will probe Barclays’ boss after [...]
What’s the biggest opportunity for UK fintech after Brexit? Here’s what those in the know say ahead of the Innovate Finance Global Summit April 10, 2017 Six experts give their opinion on what the biggest opportunity for UK fintech us after the vote to leave the EU. Mike Laven, CEO Currencycloud Continued international investment in UK businesses, such as ours, indicates faith that the UK continues to be the epicentre of fintech. Entrepreneurs are the masters of dealing with a changing [...]