Tagged: barclays

June 4, 2020 @ 7:37 am By Omar Faridi  |  

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

May 31, 2020 @ 11:30 pm By Omar Faridi  |  

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

May 4, 2020 @ 10:02 am By Omar Faridi  |  

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

April 21, 2020 @ 7:52 am By Samantha Hurst  |  

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

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

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

March 11, 2020 @ 3:21 pm By Samantha Hurst  |  

UK banking group Barclays announced on Wednesday its customers may now securely make payments from current accounts held with other banks from within the Barclays mobile app. This kind of feature will allow customers to take care of their money management all within one place…. Read More

February 25, 2020 @ 7:01 am By Omar Faridi  |  

UK-headquartered Youtility, an Open Banking-enabled home finance technology solution provider, has secured £4.5 million (appr. $5.8 million) in capital via an investment round that included contributions from Barclays and City entrepreneur, Michael Spencer. Youtility’s management said that the funds will be used to expand the… Read More

February 14, 2020 @ 12:35 am By Omar Faridi  |  

London-based Fintech Paysafe, a specialized payments service provider, recently appointed Sujit Unni as the firm’s CTO in order to strengthen its core technology management team. Unni will lead Paysafe’s technology strategy and will be expected to assist with the design, and architecture of Paysafe’s end-to-end… Read More

February 10, 2020 @ 10:14 am By Samantha Hurst  |  

Barclays announced on Monday it has extended its partnership with multinational financial services corporation, Visa. Barclays reported that the European agreement with Visa, which recognizes the “unique position” Barclays has in the market, is designed to drive innovation and product development as well as facilitate… Read More

February 4, 2020 @ 11:13 pm By Omar Faridi  |  

Barclaycard, a major brand for credit cards at Barclays, a leading London-based multinational investment bank and financial services company, has confirmed a deal in which it will reportedly become the preferred payments partner for 60,000 e-commerce retailers hosted on BigCommerce’s software-as-a-service (SaaS) online platform. The… Read More

January 29, 2020 @ 10:03 am By Samantha Hurst  |  

UK consumer banking group Barclays announced earlier this week the ten Fintech-focused startups that will join the 2020 London Barclays Accelerator, powered by Techstars. This is reportedly Barclays’ seventh accelerator class since the program’s establishment in 2014 and the participating companies notably span across a… Read More

January 29, 2020 @ 9:53 am By Samantha Hurst  |  

UK-based fintech Flux announced on Wednesday it has named UK consumer banking group Barclays its first strategic investment partner. Flux reported that Barclays has been a long-time supporter of its platform and has been involved with the company since 2017 when its executives joined the… Read More

January 24, 2020 @ 12:15 pm By Omar Faridi  |  

Barclays Bank has teamed up with Fintech accelerator graduate and Insurtech platform Nimbla, which provides small and medium-sized enterprises (SME) the option to take out insurance against individual invoices, instead of the whole book. By using Nimbla’s platform, clients will be able to insure individual… Read More

November 17, 2019 @ 2:50 pm By Omar Faridi  |  

Cashaa, a cryptocurrency-friendly banking service provider, recently revealed that it’s introducing US dollar bank accounts for companies dealing in digital currencies. The new accounts are being offered through a partnership with Metropolitan Commercial Bank. Beginning on November 25, 2019, crypto-asset dealers and other high-risk business… Read More

October 15, 2019 @ 9:10 pm By JD Alois  |  

ClauseMatch has announced that it now operational at Intesa Sanpaolo. The partnership is said to be the genesis of a meeting at Fintech Innovation Lab hosted by the Bank. A Proof of Concept soon followed. The ClauseMatch platform is currently being used by Barclays and… Read More

September 19, 2019 @ 9:25 pm By Cali Haan  |  

A user of the Internet forum site Reddit claims his bank’s reaction to a Bitcoin deal gone bad has, “ruin(ed)” him: “TLDR (summary) – sold small amount of BTC on local bitcoins, Barclays bank closed my account, accused me of fraud and now I can’t… Read More

September 19, 2019 @ 2:30 pm By Samantha Hurst  |  

Barclay announced on Thursday it has teamed up with global fintech investor Anthemis to co-launch a New York City-based studio targeting female entrepreneurs to establish sustainable, valuable fintech businesses. According to Barclays, the Female Innovators Lab by Barclays and Anthemis is a hands-on program targeting… Read More

August 18, 2019 @ 8:07 am By Cali Haan  |  

Coinbase, a large, US-based cryptocurrency trading platform, experienced a shake up of its UK banking services this week. On Wednesday, an anonymous “rBitcoin” forum participant on Reddit posted that (Banco) Santander was refusing to deposit money to the individuals’ Coinbase UK account, probably because of… Read More

April 17, 2019 @ 8:17 am By Samantha Hurst  |  

Barclays US Consumer Bank announced on Tuesday new digital features that will let cardmembers actively manage a variety of card-related activities within the Barclays mobile app. According to Barclays US, the new features give cardmembers an enhanced level of control over how, when and where… Read More

April 16, 2019 @ 1:08 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it secured $100 million debt capital investment from Barclays Investment Bank to help power the next phase of its growth. According to Brex, the capital comes in the form of a warehouse line of credit, which is backed by… Read More