HM Treasury has announced a £1.25bn coronavirus package targeted towards businesses driving innovation in the UK; £500 million is earmarked...
According to a new study by consultancy firm A.T. Kearney the combination of digital only banks and the fact that...
P2P lending fund cites legacy Zopa portfolio for lower returns Digitizing construction finance with Rabbet’s Will Mitchell AI Is Coming...
While publishing the results of the latest stress tests on the UK’s biggest banks the Bank of England warned that fintechs could take significant market share; the Bank of England identified three main areas of concern for banks: competition from fintechs, cost reduction while delivering services and low interest rates; these key areas could hurt profitability at banks in the coming years and app based disrupters could be the beneficiaries. Source.
FNZ, global wealth management platform, today announced that it has agreed to acquire Appway, a client onboarding and servicing platform.
By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success;...
Making news this week was Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more.
Wirecard was once seen as one of the hottest fintechs in Europe and as recently as last week their share...
UK based Digital Bank Monzo is planning a crowdfunding round to give customers a greater share of ownership; the round will look to raise between $13mn and $40mn; while they will use the round for hiring it is meant to provide customers “a genuine sense of ownership”; the crowdfunding round follows the recent $94mn private equity backed fundraising. Source.
Jeremy Hunt's announcement today was less a "Big Bang 2.0” and more a conservative nudge to the existing financial system.