Tagged: barclays

Fintech Sandbox: Financial Conduct Authority Provides Update on Participants

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

Flux Teams Up With Barclays For Instant Digital Receipt Trial

  UK-based fintech Flux announced on Monday it has formed a partnership with Barclays for a new itemised digital receipt trial for customers. The trial will reportedly take place with an estimated 10,000 users of the Barclays Launchpad app, the bank’s platform for testing new… Read More

Form3 Receives $5 Million Series A led by Barclays & Angel Co-Fund

Form3,  cloud-based platform for global payments processing, has secured a strategic investment from Barclays, the Angel Co-Fund and several individual investors who have joined the existing shareholders in raising $5 million Series A. Form3 is a turnkey solution that is simple to incorporate and pay… Read More

Barclays’ Rise Accelerator to Host Events During 2017 London Fintech Week

Rise London, a European fintech accelerator created by Barclays, is set to host numerous events during the 2017 London Fintech Week, which will take place July 10th-14th. Magdalena Kron, Head of Rise London, revealed on Wednesday: “We’re opening our doors to the community and squeezing nine FinTech… Read More

The Inescapable Fintech Revolution

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

Barclays Signs Eight Fintech Startups Following Rise London UK Accelerator Run

On Wednesday, Barclays, alongside its partner TechStars, announced it signed eight fintech startups following their 13-week Rise London accelerator run. This was revealed during the program’s demo day, which was held at the new Rise London office. The eight fintech startups are Nivo, Simudyne, Barac, Flux, and Alyne. Each of the… Read More

Barclays Opens Rise London Location in Shoreditch

Barclays announced on Tuesday the opening of its Rise London location in Shoreditch. Barclays stated that the Rise program brings fintech startups from all around the globe together to work on the company’s customer and business opportunities. They also work together to help create the future of… Read More

Barclays Selects 10 Fintech Startups to Participate in Africa Rise Accelerator Program

Barclays Bank recently selected the 10 fintech startups that will be participation in its second acceleration program, powered by TechStars, at its Africa’s Rise fintech innovation hub in Cape Town. According to TechStars, the second class’ applications extended to 52 countries across the globe and… Read More

Blockchain Platform Humaniq Secures $3.9 Million Initial Coin Offering & Joins Barclays’ Rise Community

Blockchain company Humaniq announced on Wednesday it not only joined Barclay’s Rise community, it also secured $3.9 million in initial coin offering (ICO) funding. This news comes just a few days after the company appointed a new CEO, Dinis Guarda, and 20 members to its… Read More

UK Government Trip to India Looks to Strengthen Fintech Relationships in a Post Brexit World

As the UK moves forward with the separation from Europe, government officials are looking beyond Europe to improve bilateral relationships to improve trade and other areas. As Fintech is an emerging industry that is vital to the future of Great Britain, it simply makes sense… Read More

Surfing Fintech: Have We Reached the Third Wave?

As an industry, fintech has grown to the point that we can now start analysing its development. Many commentators have divided Fintech’s lifespan into ‘waves’. The first wave is centred around disruption, the second around collaboration, and the third wave – although more disputed –… Read More

Barclays Mobile Banking App Approves SME Loans in Less Than an Hour

Barclays has unveiled a new mobile service for SMEs in the UK that provides almost instant loans.  Barclays Mobile Banking app touts that it will approve loans in under an hour, significantly reducing general wait times that can take weeks.  The company states that SMEs… Read More

Indian AltFin Startup OpenTap Aims to Create Greater Access to Short-Term Loans

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

Cross River Bank Applies Startup Model, Raises $28M in VC Funding

Cross River Bank raised $28 million from a number of investors in Silicon Valley. Investors included Battery Ventures, Andreessen Horowitz, and Ribbit Capital, which have invested in fintech startups. In addition to the deal, Battery General Partner Scott Tobin will become a member of Cross River’s… Read More

Former Barclays CEO Antony Jenkins and Virgin Money Partner on New FinTech Startup

Former Barclays CEO Antony Jenkins launched yesterday a fintech startup called 10x Future Technologies. The startup’s mission statement is “10x exist to create a new banking ecology — one that is more diverse, open and fair.” Partnering with Virgin Money to build a new digital banking platform,… Read More

Barclays’ Rise Mumbai Accelerator Launches First Cohort: Features 10 Fintech Startups

Rise Mumbai Accelerator, Barclay’s fintech accelerating program, announced it has assembled its first cohort, which consists of 10 startups. The India-based program is described as a community of the thinkers and doers that are working together to create the future of financial services. Its team revealed:… Read More

CommonWealth Bank & Barclays Team Up To Help Customers Move Funds Between Australia & the UK

On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

American Bankers Association: “Banks Have Always Embraced Innovation”

At a Congressional hearing yesterday on Marketplace Lending that was described as being “educational”, Rob Nichols, of the American Bankers Association,  presented testimony and answered questions along with several other individuals engaged in finance. While the topic was  ostensibly “Fintech”, a better label may have… Read More

Barclays Ousted CEO Jenkins Preps for Undisclosed Fintech Venture

The word on the street is that Antony Jenkins, the former Barclays Bank CEO who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, is setting up his own fintech venture, according to a release. Ousted last… Read More

Brief: CommonBond Completes $150M Securitization of Student Loans Assets

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More