January 15, 2025 @ 12:23 pm By JD Alois  |  

It’s been a tough few years with challenging inflation, high interest rates, and tepid capital markets. While there are many indications the world has turned the corner, for Fintechs and access to capital, 2024 was a dismal year. Innovate Finance, a UK association that advocates… Read More

 Tagged funding, innovate finance, research, uk, united kingdom

January 15, 2025 @ 12:05 pm By Omar Faridi  |  

The North East and London were once again the two “standout performers” in terms of regional business activity growth in December, according to the latest NatWest UK Regional Growth Tracker. Higher business activity was recorded in “three of the 12 nations and regions in December.”… Read More

 Tagged business activity, london, Research Study, uk, united kingdom

January 15, 2025 @ 8:24 am By JD Alois  |  

Goldman Sachs (NYSE: GS) reported net revenues of $53.51 billion and net earnings of $14.28 billion for the year ended December 31, 2024 pleasing Wall Street analysts.  Earnings per share were reported at $40.54 for 2024 and was $11.95 for the fourth quarter of 2024… Read More

 Tagged goldman sachs

January 15, 2025 @ 8:07 am By Omar Faridi  |  

The UK’s small and medium-sized businesses are bracing for cost increases this year, according to new research from iwoca – one of Europe’s SME lenders. iwoca’s SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of… Read More

 Tagged iwoca, research, sme's, uk, united kingdom

January 15, 2025 @ 8:05 am By Omar Faridi  |  

Analysis of Bank of Ireland customer behavior between 14 and 24 December has shown “record” Christmas digital banking usage. On Thursday, 19 Dec 2024, close to 1.6 million digital banking logins were recorded across Bank of Ireland’s iOS and Android mobile apps, “as well as… Read More

 Tagged bank of ireland, banking, europe, ireland

January 15, 2025 @ 8:04 am By Omar Faridi  |  

CaixaBank has exceeded 250,000 instant bill collection transactions for companies via the SEPA Request To Pay system. The bank, which in June 2023 became the first in Europe to be approved to operate with this system, has now “activated the first commercial service created under… Read More

 Tagged banking, CaixaBank, europe, payments, sepa

January 15, 2025 @ 1:15 am By Tony Zerucha  |  

This week, the United Kingdom governmental organization Open Banking Limited celebrated the seventh anniversary of PSD2 and the creation of open banking. Open Banking Limited is the implementation entity described in a Competitions and Market Authority Order. It created an open banking standard and industry… Read More

 Tagged competition and markets authority, Henk Van Hulle, Marion King, open banking, open banking limited, psd2

January 14, 2025 @ 11:18 pm By Tony Zerucha  |  

This week, British Business Investments announced an initial £ 20 million funding facility to Sprk Capital. The facility will provide capital to smaller businesses in the UK engaged in innovation. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

 Tagged Adam Kelly, british business investments, Dominick Peasley, Scott O'Brien, Sprk Capital

January 14, 2025 @ 10:23 pm By Omar Faridi  |  

Reap, a payment technology provider, is pleased to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore. Obtaining the IPA marks… Read More

 Tagged mas, monetary authority of singapore, payments, reap, singapore

January 14, 2025 @ 9:52 pm By Omar Faridi  |  

Float Financial, a business finance platform for Canadian businesses, announced it has signed a CAD $70 million Series B financing round, which brings its total funds raised in the last 12 months to $120 million. The latest investment round is led by Growth Equity at… Read More

 Tagged canada, financing, float financial, goldman sachs, investment round