Tagged: barclays

January 9, 2017 @ 10:20 pm By Jessica Pham  |  

Barclays has unveiled a new mobile service for SMEs in the UK that provides almost instant loans.  Barclays Mobile Banking app touts that it will approve loans in under an hour, significantly reducing general wait times that can take weeks.  The company states that SMEs… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

November 3, 2016 @ 9:47 am By Jessica Pham  |  

Cross River Bank raised $28 million from a number of investors in Silicon Valley. Investors included Battery Ventures, Andreessen Horowitz, and Ribbit Capital, which have invested in fintech startups. In addition to the deal, Battery General Partner Scott Tobin will become a member of Cross River’s… Read More

November 2, 2016 @ 12:04 pm By Jessica Pham  |  

Former Barclays CEO Antony Jenkins launched yesterday a fintech startup called 10x Future Technologies. The startup’s mission statement is “10x exist to create a new banking ecology — one that is more diverse, open and fair.” Partnering with Virgin Money to build a new digital banking platform,… Read More

October 17, 2016 @ 3:16 pm By Samantha Hurst  |  

Rise Mumbai Accelerator, Barclay’s fintech accelerating program, announced it has assembled its first cohort, which consists of 10 startups. The India-based program is described as a community of the thinkers and doers that are working together to create the future of financial services. Its team revealed:… Read More

September 9, 2016 @ 11:15 am By Samantha Hurst  |  

On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

July 13, 2016 @ 2:01 pm By JD Alois  |  

At a Congressional hearing yesterday on Marketplace Lending that was described as being “educational”, Rob Nichols, of the American Bankers Association,  presented testimony and answered questions along with several other individuals engaged in finance. While the topic was  ostensibly “Fintech”, a better label may have… Read More

May 10, 2016 @ 11:15 am By Erin Hobey  |  

The word on the street is that Antony Jenkins, the former Barclays Bank CEO who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, is setting up his own fintech venture, according to a release. Ousted last… Read More

April 25, 2016 @ 11:26 am By Samantha Hurst  |  

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More

March 8, 2016 @ 9:01 am By Erin Hobey  |  

Venture for America Fellows announced its 5th Innovation Fund crowdfunding campaign in partnership with Indiegogo and sponsored by Barclays, gives access to $50,000 per year in grants for eleven Fellow-led projects. “We are grateful to Barclays and Indiegogo, who have offered up their expertise and resources to… Read More

February 15, 2016 @ 10:00 am By JD Alois  |  

Rich Ricci, a former senior banker at Barclay’s who spent almost 20 years at the bank, has migrated over to the future of finance by joining freemarketFX, a fintech startup that offers currency exchange.  The FT called the former head of Corporate and Investment Banking… Read More

November 30, 2015 @ 6:48 am By JD Alois  |  

Anthony Jenkins, is a former CEO of Barclay’s Group having managed the global firm from 2012 to 2015. He was sacked by John “Mack the Knife” McFarlane in the summer of 2015. Jenkins had set out to tackle a “culture of self-enrichment” and to refocus… Read More

October 23, 2015 @ 1:42 pm By Therese Torris  |  

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

April 2, 2015 @ 10:04 am By Erin Hobey  |  

CAN Capital, a player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First… Read More

June 18, 2013 @ 6:36 pm By JD Alois  |  

Emerging markets are accruing wealth at a faster pace then the developed world.  The importance of entrepreneurs is highlighted as today wealth is created more by entrepreneurship than inheritance. These are facts revealed by Barclay’s 17th Volume of Wealth Insights: Origins and Legacy:  The Changing… Read More