Tagged: scotland

December 15, 2020 @ 8:28 am By Omar Faridi  |  

Virgin Money has teamed up with app development firm, Waracle, in order to support the implementation of its digital proposition for the new Virgin Money Business current account. The Dundee-headquartered mobile and online solutions business has become well-known for its design and development of digital… Read More

November 24, 2020 @ 10:43 am By Samantha Hurst  |  

Check Point Software (NASDAQ: CHKP), a global provider of cyber-security solutions, announced on Tuesday it has become a strategic partner of FinTech Scotland, an independent not-for-profit body jointly established by the private sector and the Scottish Government. Check Point solutions bring a practical boost to… Read More

September 28, 2020 @ 2:58 pm By Omar Faridi  |  

Claire Gillespie, Digital Technology Skills Manager at Skills Development Scotland, recently explained that apprenticeships or training programs can really help the Fintech sector with making a recovery and also substantial progress after the pandemic has passed (even though it’s still not clear if/when this will… Read More

September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

September 15, 2020 @ 11:53 pm By Omar Faridi  |  

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More

July 29, 2020 @ 7:27 am By Omar Faridi  |  

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

July 14, 2020 @ 8:12 am By JD Alois  |  

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More

July 1, 2020 @ 1:57 pm By JD Alois  |  

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

June 30, 2020 @ 7:24 am By Omar Faridi  |  

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

June 30, 2020 @ 7:21 am By Olivia Halsall  |  

The Global Open Finance Centre of Excellence Fintech Hub (known as GOFCoE Fintech Hub) was launched in Edinburgh, Scotland in 2018. With the overarching aim of safely unlocking the potential of customer data to improve lives, the GOFCoE has secured £22.5 million in funding from… Read More

June 6, 2020 @ 6:19 pm By Omar Faridi  |  

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

May 17, 2020 @ 10:58 am By Omar Faridi  |  

Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector. The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space. EedenBull’s management… Read More

May 1, 2020 @ 1:14 pm By Samantha Hurst  |  

Royal Bank of Scotland (RBS) has reportedly shut down its mobile-app banking group Bó just six months after launching to the public. Bó is described as a small business with big ambitions. “We’re an app, a card, but most importantly a small change in your… Read More

March 7, 2020 @ 6:58 pm By Omar Faridi  |  

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am… Read More

February 26, 2020 @ 7:18 am By Omar Faridi  |  

Fintech Scotland, an independent entity that aims to support the local financial technology-focused community and cluster in the country, has teamed up with Fintech Alliance, a platform that intends to bring together UK-based and global Fintech industry participants. The partnership between the two organizations will… Read More

February 3, 2020 @ 10:38 pm By Samantha Hurst  |  

Scottish brewery Innis & Gunn is set to close its latest equity crowdfunding campaign on Seedrs with more than £3.2 million secured. Through the campaign, which originally launched in December, the brewery sought to raise a minimum of £3 million. Innis & Gunn is claiming… Read More

January 29, 2020 @ 3:35 pm By Samantha Hurst  |  

Just days before its equity crowdfunding campaign on Seedrs is set to close, Scottish brewery Innis & Gunn successfully secured its initial £3 million funding target. The campaign launched in November and has attracted more than 2,100 Seedrs investors. As previously reported, Innis & Gunn claims… Read More

January 22, 2020 @ 3:45 pm By Samantha Hurst  |  

The Royal Bank of Scotland recently announced it has launched a new £7 million program to help support communities and organizations across Scotland. The banking group reported that the Royal Bank 300 Fund has been set up to mark the bank’s 300th anniversary in 2027… Read More

January 20, 2020 @ 10:36 pm By Omar Faridi  |  

TSB has confirmed that it will establish a new IT center based in Edinburgh, in order to support the launch of digital banking services, as part of a £120 million (appr. $156 million) investment – which is expected to create around 100 new technology jobs,… Read More

January 17, 2020 @ 8:36 am By JD Alois  |  

ShareIn, an Edinburgh based Fintech that powers online capital formation, has won a major client, according to the company. The win aligns with the launch of its new modular approach to investment crowdfunding. ShareIn has signed up Shojin Property Partners, a property crowdfunding platform that… Read More