UK-based challenger Zopa Bank has made a profit for the first time since its launch in June 2020, becoming one of the fastest digital banks to do so.
António Horta Osório took over as the head of Lloyd’s Banking Group 8 years a Gao and has since been...
Wirecard has announced that an external law firm is investigating accounting manipulations by a member of the company’s finance team...
As two new banking applications come to market this week, the question that comes to mind is can all of these startups survive and disrupt the banks?; there are questions surrounding business models and how each company intends to make money in a market that is becoming more crowded each day; each of these new startups has different challenges that lie ahead, some will need to be approved for a banking license and others will need to understand the regulatory framework behind PSD2. Source
Allica Bank, a UK-based bank for SMEs, has secured £55m in additional funding, following on from the £110m Series B funding round last November.
Remote ID is quickly becoming part of the new normal and identification verification startup Onfido has been the benefactor; the...
Just when you thought you had got a handle on blockchain, it turns out not all are equal. Modular could solve scalability and more.
The EU is working on a license for crowdfunding and p2p platforms to operate across multiple countries across Europe; the aim is to simplify the work required in each specific country to operate; AltFi shares perspectives from multiple platforms in Europe on the plans for a license. Source
Parliament and the Council agreed to track crypto transfers continuously and block suspicious transactions in a provisional agreement.
Santander will acquire a controlling interest of 50.1% in Spanish trade finance software house Mercury TFS with a €30 million...