When war broke out in Ukraine last year, Daumantas Dvilinskas and his team at TransferGo quickly realized the intensifying need for money transfering services such as theirs.
European fintech companies and politicians expect there will be a push for increased regulation of fintech companies in response to...
The new platform will be called easyMoney and they are launching with an Innovative ISA; investors will be able to allocate to peer to peer loans which are backed by property; easyMoney has a return target of 4% and has plans for other personal finance products in the future. Source
Russia's invasion of Ukraine triggered a rapid wave of sanctions, bringing challenges for financial services firms looking to stay compliant.
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the buy now, pay later business model is now expanding into this B2B world at a rate of knots. Playter has raised backing to do this, as has Hokodo, Billie and Tranch, to name a few other players.
Crypto businesses say that the government’s drive to become a leading crypto hub is at odds with the FCA’s stance towards the industry.
Prolific Fintech Investor QED Hires Executives to Boost Africa Presence. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
The UK government has told P2P lenders that wholesale lending does not count under the current regulations and the practice is too risky for retail investors; wholesale lending is when you lend money to a business who then lends that money out; the FCA said, "this would mimic banking – but without the same protection for individuals or regulations for the firms involved"; P2P lender RateSetter started to wind down their wholesale loan book after getting more clarity from the FCA in December; the FCA still hasn't provided full clarity on the subject, but they are at least beginning to give more insight so lenders know where the boundaries are. Source
Metro Bank’s Harrow branch in London became the victim of a fake news story that caused customers to demand their...
The UK government is planning to inject hundreds of billions of pounds into the UK economy to prop up small...