Curve lets customers consolidate their credit cards into one Curve card; Curve was previously in beta and available to business users only; the fintech company stated that they have 50,000 people on the waitlist and had 100,000 beta users; Curve offers a free version of the app and a premium version for £50. Source
The UK first created a regulatory sandbox in 2016; the Financial Conduct Authority is now seeking feedback on whether it should expand their sandbox globally; fintechs would benefit by having the ability to test in other countries and regulators could work together on some of the issues related to companies seeking to operate across borders; the FCA stated, "The overall approach would be to better understand and solve common regulatory problems, as well as being more helpful to firms who have aspirations to grow at scale in multiple markets." Source
Lend Academy answers the question: Where does the UK stand after more than two months since the introduction of open banking? Source
In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users...
Capify is a small business lender serving the UK and Australian markets; the company makes online merchant cash advances as...
Back in 2011 I covered the news of the very first industry trade association to launch globally. The P2P Finance...
The bank is currently recruiting engineers to help launch the online lending platform Marcus in the UK according to Business Insider who found the job listings; last September Goldman Sachs said the Marcus brand would launch in mid 2018; Goldman Sachs’ Marcus has taken off in the US and have been aggressive in expanding their consumer finance offerings. Source
Cash flow is often a challenge for businesses; with Square’s Instant Deposit merchants can access bank deposits much faster for a 1% fee; Square hopes this will help attract even larger merchants and boost revenue; the service has already seen success in the US market. Source
Matt Hancock is the Secretary of State for Digital, Culture, Media and Sport and a Member of Parliament for West...
In just three months the digital bank has brought in £5.4 billion of deposits across 100,000 customers; the savings account...