The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.
American Express, Mastercard, Visa Halt Operations in Russia. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Sifted has created a list showcasing women who are founders or c-suite executives at highly valued fintech companies across Europe;...
The Financial Conduct Authority (FCA) works with the Financial Services Compensation Scheme (FSCS) in the UK to protect investments for consumers; the FSCS is comparable to the Federal Deposit Insurance Corporation (FDIC) in the US; the FCA is currently conducting research and undergoing consultation on the crowdfunding market; current consultation has involved communication between the FSCS and FCA on potential solutions for insuring funds; it's not likely that insured funds will be integrated into the FCA's new crowdfunding regulations however the two agencies are discussing options. Source
The partnership and shareholding marks the first of its kind between a YouTuber and a UK fintech.
The online lender has named Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Numis Corp to work on their upcoming IPO; the IPO is currently slated for the second or third quarter which may value the company around $2 billion; if successful it would be the largest IPO for a British fintech company; Index Ventures, Union Square Ventures and Accel Partners were early investors in the company. Source
One of the UK’s biggest banks, Lloyd’s Banking Group, is planning to spend $4.2bn on digital transformation over the next 3 years; the bank is looking to go beyond just becoming more efficient as they said they are looking to also make the biggest ever investment in people; the move by Lloyd’s is part of a wider trend in banking where incumbents are investing heavily into digital. Source.
Over the last couple of years we have seen something of a converge between payments and credit businesses. We have...
An index powered by Brismo (formerly AltFi Data) shows that gross marketplace lending in the country grew by £1bn to...
Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which closed yesterday.