Rising card fraud, costs for merchants, and waiting times for refunds and withdrawals have prompted the launch of the fintech’s latest open banking product....
Revolut has been advertising provocative ads across London claiming to know what users are spending money on; the ads refer...
ClearBank, a cloud-based clearing bank, said on Tuesday that it’s providing agency banking services to Ziglu.
A new report out by Beahurst has recognized crowdfunding platform Seedrs as the most active UK equity investment platform; they...
The Funding Circle SME Income Fund has doubled its investments with a 142 million British pound ($176 million) fundraising; the fundraising is the result of a new C share offering which will convert to ordinary shares within nine months; the Fund is now valued at over 300 million British pounds ($371 million) and has the capacity to issue approximately 350 million more shares in the next twelve months. Source
Could this be an indication that Revolut is looking to launch its own tokens?
London-based Greensill Capital, backed by SoftBank, has made an acquisition in Latin America; in an all-stock deal Greensill, whose primary...
Some of Europes largest online lenders have started to grapple with the idea of potentially becoming a bank; Funding Circle says it has no plans to do so, Zopa on the other hand says they are becoming a bank; other online lenders like YOUnited Credit in France and Raize in Portugal have thought about becoming a bank but thus far see the flexibility of not being a bank as an advantage; the banking market overall is going through quite the change and the definition of a bank is sure to be examined. Source.
Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country.
Secretary of Treasury Janet Yellen spoke at American University about the government's role in creating cryptocurrencies or CBDCs.