Tide is reportedly in discussions for a new funding round totaling hundreds of millions of pounds according to reporting from...
Antony Jenkins, former CEO of Barclays and now head of 10x Future Technologies, writes in the FT that technology is...
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
Revolut continues to add functionality to their accounts as they apply for their banking license; while Revolut customers have access to card payments, in Europe many utilities require that you pay phone and electricity bills with direct debits. Source
The world's oldest central bank is now looking to the future; Riksbank is looking to issue a national digital currency as they have seen a 40% drop in use of notes and coins since 2009; they do not view the digital currency as a replacement for notes; the new currency would be viewed as complementary; challenges lie ahead as there is no blueprint for this; Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times, "This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?" Source
WiPay, the Caribbean’s online payment facilitator, has chosen Amsterdam-based Fraudios’ technology as an intelligent solution for fraud management.
The Sunset Card- co-designed between Payne and Revolut- follows other similar-type Revolut limited edition card collaborations which include one with Anthony Joshua.
Financial Times highlights TransferWise and Funding Circle who are growing their market share in the UK; Transferwise has collected $280 million from investors and Funding Circle has surpassed high-street banks in net new lending; Funding Circle lent £114 million in the three months to September; Samir Desai, co-founder and chief executive of Funding Circle stated, "If I was a big bank, I would be really worried about this..." Source
The feature is now available to the app’s half a million business customers.
The FCA's first deadline for Customer Duty is looming, but many businesses are still noncompliant. It could be an opportunity for growth.