Tagged: barclays

Barclays Set to Shut Down P2P Payment App Pingit on June 30, 2021

  Barclays is set to shut down its P2P payment app, Pingit, on June 30, 2021. In February, Barclays announced it would be shutting down the service in 2021, but did not give an exact date at the time. The system was notably launched in February 2012 and… Read More

Barclays Appoints Helen Kelly as Head of Europe Corporate Banking

Barclays recently announced it has appointed Helen Kelly as Head of Corporate Banking, Barclays Europe. According to Barclays, Kelly has more than 30 years of experience in banking with Barclays. She previously was Head of international Corporate Banking – Ireland and Country Manager – Ireland. Speaking… Read More

Barclays Announces New FX Products Suite

  Barclays announced on Thursday the launch of a suite of new products for BARX FX, which further enhances its electronic capabilities and strengthens its FX offerings for clients. The suite of new products marks the banking group’s latest milestone in enhancing its electronic trading… Read More

UK’s CBILS Scheme has Become Viable Investment Opportunity for Credit Funds and Specialty Lenders

An article from Global Capital notes that more securitizations of United Kingdom government-backed SME loans are being carried out in private. Last month, Funding Circle had reportedly finalized a deal with Sixth Street and Barclays. Since the UK’s Coronavirus Business Interruption Loan Scheme (CBILS) was… Read More

B2B Capital Raising Platform HubX Secures $5.5M via Investment Round with Participation from Barclays, Basinghall Partners, Elite

HUBX, a B2B capital raising platform, has secured $5.5 million through a funding round that included participation from Barclays. Basinghall Partners, Elite and several individual investors also took part in the round. The funds raised via the investment round will be used to support Hubx’s… Read More

Barclays Joins Forces With Smart Pension to Provide SMEs With Access to Pensions Platform

Barclays announced on Thursday it has joined forces with UK-based online pension provider Smart Pension to provide its network of 1,100 businesses with access to the Smart Pension platform. “Businesses that sign up through Barclays will be able to offer their employees access to the… Read More

Barclays Accelerator Program Welcomes New York Class of 2021

  Barclays announced on Thursday the New York Class of 2021 for the Barclays Accelerator, powered by Techstars. According to Barclays, the 13-week program is designed to fast-track the next generation of fintechs. “Participating companies will collaborate with a team of Barclays executives, the Techstars… Read More

Stripe Treasury to Allow Customers to Embed Financial Services, Offers Banking as a Service, Will Include Interest Bearing Accounts

In another nail in the coffin of brick and mortar banking, Stripe has announced Stripe Treasury, a platform that will allow users to leverage APIs to embed or leverage financial services such as savings accounts. In an extensive announcement Stripe said it was also partnering… Read More

Barclays Set to Launch 12-Week Virtual Accelerator Program Designed to Help Early-Stage Tech Businesses Founded By One or More Black Entrepreneurs

Barclays announced earlier this week it is launching a 12-week virtual accelerator program that is designed to help early-stage tech businesses, founded by one or more black entrepreneurs. Barclays reported that the program, which is in partnership with social enterprise Foundervine, was created in order to… Read More

UK PropTech Offr Raises £2.7 Million Through Latest Seed Funding Round Led By Barclays

Offr, a UK-based prop-tech platform digitizing the buying, selling and leasing process for real estate agents and buyers, today announced it has raised £2.7 million through its latest seed funding round, which was led by Barclays with participation from Delta Partners on behalf of Bank… Read More

Barclays Launches Digital Advice Service “Barclays Plan & Invest”

  UK banking group Barclays announced on Tuesday the launch of its new digital advice service, Barclays Plan & Invest, which notably aims to tackle the UK’s advice gap and give more people the confidence and support to invest their savings. According to Barclays, the… Read More

Regtech ClauseMatch Plans US Expansion, Signs Up 2 North American Clients

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

Barclays Unveils Back to Business Toolkit For UK Small Businesses

UK banking group Barclays announced earlier this week the launch of its new “Back to Business” toolkit specifically for UK small businesses. The toolkit is to help businesses get back on their feet following the rise of the COVID-19 pandemic. It is also the latest… Read More

Banking User Experience (UX) Specialist Peter Ramsey Reveals that “Freezing” Cards at Digital and Regular Banks Is Still Not User-Friendly

Metro Bank was reportedly the first financial institution in the UK to allow users to freeze their cards in case they lost it. The feature was introduced in 2014. The freeze feature blocks transactions via payment cards through software, but it’s reversible so the card… Read More

Cloud-enabled Voice Trading Fintech Cloud9 Raises $17.5 Million led by UBS

Cloud9 Technologies has closed on a $17.5 million Series B funding round led by global bank UBS, with participation from existing investors including JPMorgan and Barclays. Cloud9 has developed a product that uses the “voice communication talk path” for the “trading floor of the future.”… Read More

UK Fintech Stenn, a Trade Financing Solution Provider, Extends its Core Finance Program After Receiving Investments from Barclays, Others

Stenn, an online trade finance scale-up, has acquired investments from Barclays Bank, Coface SA, and Crayhill Capital Management LP via its latest funding round. The capital raised will be used to support Stenn’s trade financing program, Stenn Assets Funding, which is currently valued at $500… Read More

Traditional Banks and Digital Challengers are Doing a “Horrendous” Job when Processing International Payments: Report

Digital or neobanks are increasingly being used by consumers of all age groups for managing finances, and completing transactions. Despite the COVID-19 outbreak and resulting economic problems, digital bank Starling Bank recently secured £40 million in capital. Challenger banks aim to offer better services compared… Read More

Two-thirds of UK Financial Services Workers want Employers to Do More to Help them Adjust to Working Remotely from Home: Survey

As major financial institutions explore different strategies to cope with the COVID-19 crisis, a survey of UK financial services employees reveals that 66% think their company must do more to help them work productively from their homes. Large banks are currently trying to adapt to… Read More

Barlcays Opens CLBILS to Support Large Corporate Banking Clients Impacted By COVID-19 in the UK

Barclays announced on Monday it has opened up the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic. Barclays reported that through the program, which is backed by a UK Government guarantee, it will… Read More

Traditional Banks and Fintech Firms are More Likely to Work Cooperatively than Compete: Report

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

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