With small businesses responsible for almost half of the carbon emissions generated from business and industry, a group of financial
Aviva purchased a majority stake in robo-advisor Wealthify only 18 months after their head of retirement solutions criticized automated advice; Wealthify will sit alongside other Aviva products and services through the insurer’s digital hub, MyAviva; the insurer sees this as another important step in their digital strategy. Source
Penta is a Berlin-based business bank which also has operations in Italy; RTP Global led the round with investors HV...
For the first time the Bank of England intends to offer tech companies the chance to have accounts at the...
Pleo is a European fintech that automates expense reports and simplifies company spending via their smart corporate prepaid cards; today...
Lloyds Bank is testing biometric authentication technology for its online banking customers; the development is centered around the use of Microsoft's Windows Hello which has fingerprint and facial recognition capabilities and can be used with Windows 10 devices. Source
Bpifrance adopts October Connect technology , to speed up its decision making process while reducing risk.
Tesco Bank publicized that modest amounts of funds had been stolen from 20,000 accounts this past weekend, with an additional 20,000 accounts being attacked by suspicious probes; the company manages nearly eight million accounts and they have been blocked from using debit cards since this weekend; Tesco's CEO says that they are confident they know the nature of the attack, but declined to explain at this time, and is asking UK regulators to allow them to make debit transactions allowable again as soon as possible; the UK's Financial Conduct Authority has called the attack "unprecedented in size and sophistication" but acknowledges limited IT expertise within the authority. Source
UK online lender WiseAlpha has added corporate bonds to its investment offerings on the platform; previously the firm primarily focused on offering corporate loan investments; the corporate bonds will expand the platform's institutional debt offerings and the firm will also allow for trading on its secondary market. Source
PitchIt @ LendIt Europe is one of the industry's most popular startup competitions providing eight finalists with unparalleled access to industry expertise and funding opportunities as well as invaluable exposure, branding and more at the event; hosted in partnership with Startupbootcamp, the event also offers fast-track status to the finalist round for Startupbootcamp Fintech Accelerator as one of its prizes; interested startup companies must submit their application by September 4 and finalists will be announced on September 10; more details about the competition can be found here. Source