British teenagers say they go online for help “on everything from hair hacks to video game tips, with one in three (33%) preferring to seek advice on the web to avoid the ‘awkwardness’ of asking someone face to face.” The Lloyds Bank research – which… Read More
Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More
Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More
The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More
Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More
Lloyd’s Lab has announced its sixth cohort with a special focus on “product simplification” and climate. Lloyd’s revealed on April 15, 2021 that the next eleven insurance technology (Insurtech) startups joining the sixth cohort of the Lloyd’s Lab innovation accelerator program will aim to develop… Read More
Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More
The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More
The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… Read More
Rainmaking Colab, created by the founders of Rainmaking and Startupbootcamp Fintech, are launching a new innovation program designed to help industry incumbents address real business problems. While recognizing the importance of Fintech startups, Rainmaking Colab seeks to aid more mature Fintech operations. Rainmaking Colab is supported… Read More
Lloyds Banking Group launched a Fintech mentoring program last year. At that time, Innovate Finance helped to identify suitable start-ups to benefit from the program. The Fintech start-ups benefit from knowledge sharing of experienced Lloyds Banking Group colleagues to aid their development in the financial… Read More
Speaking at the World Economic Forum in Davos, Lloyds Banking Group Chief Executive Officer Antonio Horta-Osorio made the statement that “low-interest rates and fintech are the most important trends that will shape banking over the next 10 years.” The pronouncement comes as Lloyds has been enduring… Read More
Everybody is doing it. Lloyds Banking Group, the august financial services firm and banking group with a heritage that dates back to 1765, is on the hunt for Fintech guru to help it manage and navigate the universe of Fintech. On their Careers page, Lloyds… Read More
Lloyds Bank, an over 250-year-old institution with a storied past is struggling with the future. The august financial institution released Q2 results today as management explained that following the EU referendum results the UK economy is uncertain. Brexit and the swirling negotiations are expected to… Read More
The British Prime Minister announced the “Help to Grow” program in February 2015. In the most recent budget statement, the Chancellor boosted the commitment from £100 million to £200 million. Today the program, managed by the British Business Bank, is announcing Lloyd’s Banking Group for… Read More
It seems that British banking and retail leader Lloyds has continued turning toward the sun and is receiving excellent care–the industry favorite is growing its fintech presence. Lloyds recently announced a new position at the company, head of fintech discovery, and has recruited Han Veldwijk, who formerly held a… Read More
Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company. Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More
As the RateSetter peer to peer lending platform grows, so must the team that manages their dramatic growth. RateSetter, UK’s largest P2P lending platform (according to monthly volume) has announced two new hires: John Battersby will take the position of Head of Communications which also… Read More
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