SuperFi believes they are needed now as the UK faces a consumer debt crisis on an unprecedented scale.
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of promised returns from p2p lenders in the UK...
'Flatlining' may not be the order of the day, but there are certainly some significant developments in the NFT market.
UK-based challenger Zopa Bank has made a profit for the first time since its launch in June 2020, becoming one of the fastest digital banks to do so.
Crypto offers too many benefits to throw it out as a payment mechanism. Let's look at the challenges vexing the payments industry today.
The Co-Founder of Wirex and the head of their US operation talk crypto payments, non-custodial wallets, DeFi, rewards programs and more...
London-based technology company Misys has plans for an IPO; the company had planned to offer its stock in 2016 but decided against its IPO and now says it could still be a possibility; the firm's CEO Nadeem Syed said it is currently focusing on its new machine learning and P2P lending products; earlier in January it announced a new P2P lending solution for banks, FusionBanking Crowdlending; currently it offers its clients a broad range of solutions through its FusionBanking products and its targeting existing clients with its new products. Source
The British High Court ruled on Thursday that Parliament must give its approval for Brexit, creating uncertainty on whether or not the UK will leave the European Union; plans for exiting the EU were to begin in March; the government now has appealed the High Court's decision to the Supreme Court which will consider the appeal in December; if the ruling is upheld speculators believe Parliament would continue with the same sentiment that its voters reported in June. Source
CapitalRise has announced the launch of an innovative finance individual savings account (IFISA) offering its investors a tax free account for investing in the firm's real estate investments; investors can invest in the IFISA with a minimum of 1,000 British pounds ($1,223); the investment maximum for the current tax year is 15,240 British pounds ($18,632) and the maximum will increase to 20,000 British pounds ($24,451) in the following tax year; the platform offers a range of real estate loan property investments in the UK with tax-free returns of approximately 10% to 14% per year. Source
Several established fintechs in key global locations saw a massive cash influx this week, and an announcement of an expanded partnership between Citizens Financial Group and Microsoft brings buy now pay later (BNPL) services to U.S. consumers. Nubank Brazilian neobank Nubank led the news this week when its initial public offering (IPO) raised $2.6 billion,...