Tagged: barclays

Rainmaking Tapped to Help Barclays Grow Fintech Programs

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Barclays today announced Rainmaking, a corporate venture builder, will help it launch a new suite of initiatives targeted at fintech founders across the globe to help grow and develop their companies. The first to launch is the Rise Start-Up Academy, a virtual digital skills-building accelerator… Read More

Amazon Decides to Continue to Accept Visa Cards in the UK, For Now

Amazon Delivery

Towards the end of 2021, Amazon UK distributed an email to its customers stating it would stop accepting Visa cards for purchases beginning January 19, 2022. Today, it is being widely reported that Amazon has backed away from that decision. According to AP, Amazon has… Read More

Amazon Partners with Barclays to Allow Clients to Make Payments in Instalments in the UK

Barclays Cambridge UK

Starting from December 17, 2021, Amazon clients in the United Kingdom will have access to a new, flexible payment method – Instalments by Barclays, helping them to “finance purchases of £100 or more on amazon.co.uk.” As mentioned in the announcement, the reusable credit account may… Read More

Belgian Banks Take Top 2 Spots in Sia Partners Rankings, Revolut Falls to #3

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A pair of Belgian banks have ousted Revolut from the top spot in the fourth annual Sia Partners‘ Mobile Banking Benchmark: A Study on the Present State of Mobile Banking in the World. Sia Partners considered 135 banks in 17 countries across Europe, North Africa,… Read More

Barclays to Enhance Compliance with Assistance from Regtech Firm Clausematch

Global Regtech Fintech

Barclays has introduced automated policy management and compliance tech from Regtech firm Clausematch to 90,000 workers across the globe. We're excited to share that @Clausematch #PolicyPortal is now streamlining compliance for all @Barclays employees globally! The rollout of the Portal is the culmination of a… Read More

UK Fintech Form3 Acquires $160M via Series C Led by Growth Equity Business within Goldman Sachs

UK British Pound Money

Form3, the platform payment tech provider, has revealed that its Series C investment funding of $160 million has been finalized. Form3‘s investment round has been led by the Growth Equity business within Goldman Sachs Asset Management and included contributions from existing investors. This brings the… Read More

UK’s Property Finance Platform LendInvest Enters £150M Partnership with Barclays, HSBC

Barclays Cambridge UK

LendInvest (LON: LINV) has reportedly entered a £150 million partnership with Barclays (LON: BARC) and HSBC (NYSE: HSBC). UK-based LendInvest, an asset management platform that’s focused on property finance, has reportedly committed to £150 million partnership with Barclays and HSBC in order to get funding… Read More

Santander Says They Have Stopped Payments to Binance for Customers’ Protection

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Following the announcement from Barclays that it would no longer allow transfers to the world’s largest crypto exchange Binance, Santander has announced it will do the same. As posted on the Santander website, the bank explains: We’re stopping payments to Binance for your protection We… Read More

Barclays Blocks UK Customers From Transferring Funds to Binance

Road Closed Diversion Confusion UK London

At the end of last month, the UK Financial Conduct Authority (FCA) announced that Binance Markets Limited was no longer permitted to undertake any regulated activity in the UK. Binance Markets is part of the broader Binance Group – a company that powers the largest… Read More

European IPO Activity Surging During Pandemic

Euros Money Europe 200

European IPO activity has surged during the pandemic, data from BuyShares.co.uk shows.  In 2020 investors saw many IPOs along with outsized average returns, with total IPO deal value up 64 per cent to more than $300 billion, according to the Wall Street Journal and Dealogic…. Read More

UK’s Barclays and Fintechs Starling, Monzo are Reportedly Blocking Money Transfers to Crypto Exchanges

Footpath Closed UK London Diversion

Major banking institutions in the UK like Barclays have decided to block or prevent their clients from transferring money to virtual currency exchanges. Digital banking Fintechs such as Monzo and Starling Bank have also been cracking down on crypto-related entities and transactions they may be… Read More

Fraudulent Activities: Which? Requests UK Banks to Release Figures on Percentage of Clients Refunded for Authorized Push Payment Scams

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UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More

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

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  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 London UK

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 Cambridge UK

  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

UK British Pound Money

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

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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 London UK

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 Cambridge UK

  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

Bank Banking First National Bank

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

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