UK based Tide is already the largest digital SME bank and now the startup is set to pass the Cooperative...
Earlier this week, the UK launched its bank referral scheme to help extend credit to small businesses not funded by nine of the UK's largest banks; it seems that UK banks outside of the UK consortium are also increasing their efforts to provide alternative options for business borrowers; this week NatWest announced it has added iwoca to its alternative lending panel, Capital Connections. Source
According to a new independent review of UK based Co-operative Bank by Canadian central banker Mark Zelmer banks runs in...
Here are the most read news stories from our daily newsletter today: Bank reports 60 percent more loan approvals by...
Nuggets has been chosen by the UK government and the Mayor of London to embark on two trade missions to China this year. The missions are a way to build new business opportunities between Britain and China. Source.
HSBC looks to become the first major UK based bank to comply with open banking; the bank plans to launch a new app that centralizes information about customers’ accounts; the current plan is set for release in the first week of May and the app will be named Connected Money; HSBC’s UK head of retail banking and wealth management Stuart Haire said the new challenger banks have been have been making progress on customer insight; there is still healthy skepticism about how fast open banking will catch on as incumbents have been slow to comply. Source.
Endaoment announced the completion of a combined fundraising round of $6.67 million in a mix of charitable donations and investment capital.
N26 announced last week that they were leaving the UK market due to Brexit and their customers have shown significant...
Crypto service providers are accomplices to circumventing Russia sanctions, Lagarde said during an appearance at the Bank for International Settlements’ Innovation Summit on Tuesday.
Kroo has just closed their most recent funding round, successfully raising £26 million. This round of funding has had incredible results with over 60% of investors reinvesting, showcasing their belief in the Kroo vision.