Tagged: uk

September 7, 2021 @ 11:55 am By Omar Faridi  |  

Oxane Partners, a tech-driven services provider to private markets, reveals that it has signed up two more clients, AllianceBernstein and Edmond de Rothschild REIM, for its Loan Servicing 2.0 offering. As mentioned in the announcement, lenders across the United Kingdom and Europe have signed up… Read More

September 7, 2021 @ 8:36 am By Omar Faridi  |  

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

September 7, 2021 @ 7:38 am By Omar Faridi  |  

Ecommpay, an established payments service provider and card acquirer, recently shared updated data in its whitepaper, “Beyond the pandemic: The outlook for Open Banking.” Important findings highlighted in the whitepaper reveal that nearly half (48%) of consumers responding to a survey said they are a… Read More

September 6, 2021 @ 10:57 pm By Omar Faridi  |  

One in 10 or around 10% of Buy Now Pay Later (BNPL) shoppers have been contacted by debt collection agencies, and this figure increases to one in eight for younger consumers, according to Citizens Advice. The Citizens Advice charity has shared research findings which reveal… Read More

September 6, 2021 @ 10:55 pm By Omar Faridi  |  

TrueLayer, which is one of Europe’s leading Open Banking platforms, reveals that Mariko Beising has been appointed as the firm’s Head of Payment Partnerships, bringing around 10 years of professional experience, most recently at Fintech company Klarna where she was responsible for forming partnerships with… Read More

September 6, 2021 @ 2:36 pm By Omar Faridi  |  

The Pensions Dashboards Program (PDP) has reportedly appointed Capgemini to provide its central technical architecture, ending the initiative’s first phase. As reported by Pensions Age, the selection of Capgemini was made after an extensive engagement period, with the pensions industry and suppliers, which PDP said… Read More

September 6, 2021 @ 1:37 pm By Omar Faridi  |  

Embedded finance platform Railsbank has reportedly hired Stuart Gregory to serve as the company’s Chief Product Officer. Stuart had joined Wise and was MD of Wise Business and Wise Platform. During the past few years, he has helped with developing, deploying and strategically expanding business… Read More

September 6, 2021 @ 12:54 pm By JD Alois  |  

Nucleus Commercial Finance, has received approval to offer the Recover Loan Scheme (RLS), a government program designed to support businesses that have struggled during the COVID health crisis. Nucleas previously offered lending under the Coronavirus Business Interruption Loan Scheme (CBILS), lending £438 million in 2020… Read More

September 6, 2021 @ 12:38 pm By JD Alois  |  

In a speech delivered at the Cambridge International Symposium on Economic Crime, FCA and PSR Chair Charles Randall discussed some hot topics in the financial services sector – fraud and scams. More specifically, crypto scams and the regulation of digital assets or tokens. Currently, the… Read More

September 6, 2021 @ 10:08 am By Omar Faridi  |  

UK-based digital bank Starling notes that as the summer months are ending, they’ve shared some of their recent highlights. Starling now has over 2.4 million open accounts, which reportedly include more than 400,000 business accounts. As mentioned in a blog post by Starling, dated September… Read More

September 6, 2021 @ 9:35 am By Omar Faridi  |  

Digital bank Revolut notes that if you’re looking for more security and more innovative products, then you should consider joining their platform. Revolut Bank is currently live in 13 European Union nations and they continue adding new countries to the list, the Fintech Unicorn confirmed… Read More

September 6, 2021 @ 9:28 am By Omar Faridi  |  

Ireland’s Ding, a mobile top-up service provider, has reportedly sold a majority stake to London-headquartered private equity firm Pollen Street Capital. As noted by its management: “Ding was founded to improve people’s lives by helping those with less gain access to more. As the number… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

September 5, 2021 @ 5:21 pm By Omar Faridi  |  

During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More

September 5, 2021 @ 9:13 am By Omar Faridi  |  

Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More

September 4, 2021 @ 2:46 pm By Omar Faridi  |  

SurePay, a Rabobank spin off that offers Confirmation of Payee (CoP) in the United Kingdom and Benelux, has secured €12.2 million through a round that was led by Connected Capital with Iris Capital also joining Rabo Frontier Ventures in the fundraise in order to support the… Read More

September 3, 2021 @ 3:03 pm By Omar Faridi  |  

The MULTOS Consortium, a group of organizations that are focused on the promotion and development of the MULTOS specifications, revealed that McLEAR, a technology firm supplying smart payment rings has joined as a Partner Member. MULTOS is a security technology for all-digital devices offering a… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

September 3, 2021 @ 8:18 am By Omar Faridi  |  

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

September 2, 2021 @ 9:39 am By Omar Faridi  |  

The Chancellor Rishi Sunak has decided to put John Flint, ex- Chief Executive at HSBC, at the helm of UKIB. Flint will be responsible for leading the UKIB to promote investments into various infrastructure initiatives that aim to lower emissions and assist with leveling up… Read More