The strategic partnership is intended to increase funds available to smaller firms during the current pandemic; Starling is lending via...
The U.K. has closed its public buy now, pay later (BNPL) consultation, although the path towards a regulated legal framework is still unclear.
One of the challenges for the challenger banks like Monzo, Starling and Revolut is to go beyond the young demographic...
Citi has launched Single Euro Payments Area (SEPA) Instant Payments in Europe to bolster its payment offering portfolio.
Open Banking, seen as a potential game changing regulatory change, is set to launch in the next few days in the UK; Open Banking requires banks to allow fintechs and other third parties to have access to customer data if the consumer agrees to grant access; the new law will allow for a safer data exchange, in the past consumers shared their login details and third parties scraped the data, and standardize access across the UK and Europe; while banks have pushed back on the coming change this will allow customers to better control their information and tailor services to their lifestyles. Source.
Citigroup added 5,500 technology workers and increased its tech spend 10% to about $10 billion in 2021. The $2.9 trillion bank reported $3.3 billion in net income for the fourth quarter of 2021, down from $4.3 billion in Q4 2020. Tech and communications spending reached $2.1 billion in Q4, a 3% year-over-year increase and 4%...
The UK’s Financial Conduct Authority approved new rules for the p2p lending market that many think will weed out weaker...
UK based stockbroker challenger Freetrade became the second fintech to knock crowdfunding site Crowdcube offline during a fundraising round; Monzo...
London-based fintech upstart SumUp has raised €590M that brings the total raised to €1.5B and an enterprise value of €8B.
Crypto service providers are accomplices to circumventing Russia sanctions, Lagarde said during an appearance at the Bank for International Settlements’ Innovation Summit on Tuesday.