Trustly, the leading global payments platform for digital Account-to-Account transactions (“A2A”) today announces the acquisition of the UK-based Open Banking Payments platform Ecospend.Ecospend’s strong UK A2A product...
TrustPilot, a Denmark multi-language online merchant review platform, has raised 5.5 million British pounds ($6.9 million); platform allows for communication between merchants and consumers; funding was provided by Draper Esprit which now doubles its equity stake in the company to 11 million British pounds ($13.71 million). Source
TSB has partnered with FinTech Cogo to add carbon monitorin
Banks have long been hurt by their ability to effectively communicate with their customers and the current crisis has only...
P2P lender TWINO has reached 100 million euros ($107.53 million) in cumulative lending shortly after a new expansion to Russia; firm is the first P2P lender to offer Russian consumer loans; in 2016 platform growth was fueled by demand from all of its Eastern Europe regions specifically with increased interest from its UK investors; in 2017 TWINO expects lending volume of over 200 million euros ($215.05 million). Source
A new survey by invoice finance fintech MarketInvoice finds 67 percent of UK SMEs said they will run out of...
TearSheet sat down with Megan Caywood, co-founder and chief platform officer at Starling Bank, to talk about the digital bank’s success so far; the interview covers the biggest issues with banking today, the issues Starling Bank is trying to solve, differentiating from other digital banks, customer acquisition and more. Source.
New regulations in Europe are set to effect U.S. banks that serve EU based customers. Banks need to understand what data is shareable and what new protocols to put in pace before the regulations take place in May. Source.
Secretary of Treasury Janet Yellen spoke at American University about the government's role in creating cryptocurrencies or CBDCs.
Uber has announced it will partner with Moneyfarm to provide financial advice services for its employees in the UK; Moneyfarm and Uber will offer the robo advice to approximately 40,000 UK drivers; speculators believe the UK market will see more robo advisory partnerships as the services have yet to gain significant market traction in comparison to other countries. Source