Tagged: uk

Kazakhstan based Fintech Kaspi.kz Says its Business Is Performing Well After London Stock Exchange Listing

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

Digital Bank Revolut Partners Online Advertising Platform Adzooma so that Businesses Can Receive Cashback Incentives

London-headquartered digital bank Revolut has partnered with global online advertising platform, Adzooma, so that the bank’s business customers can get special advertising cashback incentives. This is notably the first marketing-focused incentive scheme that Revolut Business has introduced while working with a trusted partner. It’s also… Read More

UK Banking Challenger Starling Reports Breaking Even, Might Become First New Digital Bank to Reach Profitability

UK-based digital bank Starling recently revealed that it managed to break even and claims that it may be on track to become the first banking challenger to reach profitability. Starling Bank’s management noted that it’s the first of the new digital banks (which includes Monzo,… Read More

European Mobile Wallet Stocard Introduces New Pay Feature for Customers in France, Italy, Germany, the Netherlands

Stocard, a European mobile wallet, has introduced its payment feature Stocard Pay in four other countries including France, Italy, Germany, and the Netherlands. Stocard had initially launched its platform in the UK markets in June 2020. Stocard aims to become the leading “on-the-go” financial services… Read More

Update: Twin Science & Robotics to Close Seedrs Campaign With Nearly £1.2 Million Raised

Twin Science & Robotics, a new educational experience that up skills children with physical and digital products, is set to close its equity crowdfunding campaign on Seedrs with nearly £1.2 million raised. The company’s funding round made its debut last month and has attracted more… Read More

LendInvest Funds BTL Property in Just Four Days

Property finance platform LendInvest has distributed a note sharing that its marketplace funded the purchase of an HMO (house of multiple occupancy) property in four days for an experienced landlord in West London. The property was a tenanted ten-bedroom house in West London. LendInvest say… Read More

UK Fintech SumUp, a Digital Payments Provider, Acquires Software Firm Goodtill

UK-based Fintech SumUp, a global payments service provider, has reportedly acquired POS software provider Goodtill for an undisclosed amount. According to a release shared with CI, the acquisition will be a key part of SumUp’s long-term focus on the growth and development of its restaurant… Read More

NatWest Announces Expansion of Customer Debt Support With New Citizens Advice Service

UK banking group NatWest recently announced the rollout of its Citizens Advice Service. According to NatWest, the service was created to identify and tackle the root cause of a relational, environmental, or social vulnerability, before it turns into financial difficulty. While sharing more details about… Read More

UK’s Financial Conduct Authority Issues Warning Against Unauthorized Fintech Firm Lanistar

The UK’s Financial Conduct Authority (FCA) recently issued a warning regarding Fintech firm Lanistar Ltd. The financial regulator has cautioned that they believe the company has been offering financial products or services in the UK without its authorization. The FCA noted that would-be investors must… Read More

Lloyds Bank to Shut Down 56 Branches, Cut 160 Jobs As Consumers Increasingly Using Digital Banking Services Following COVID-19 Outbreak

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More

Digital Banking: Revolut to Support Open Banking for Customers in Germany

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

Sugi, an App for Tracking Carbon Impact of Personal Investments, Launches Beta Version in the UK

Sugi, an app that allows users to keep track of the carbon impact of their investment portfolio, has introduced the public beta version of its platform in the United Kingdom. Sugi has been developed specifically for retail investors. It’s free to use and allows users… Read More

Monument Bank, a Digital Challenger for the Wealthy, to Work with Amazon, Accenture, Salesforce to Build its Tech Platform

UK-based Monument, a new all-digital bank for the mass affluent, will be working with Amazon Web Services, Accenture, Mambu, Persistent Systems, and Salesforce. These companies will be focused on helping Monument with developing its technology stack and infrastructure. Last month, Monument Bank acquired a banking… Read More

UK Fintech Nutmeg Teams Up With JP Morgan Asset Management to Launch Smart Alpha Portfolios

UK-based fintech firm Nutmeg announced on Wednesday it has joined forces with JP Morgan Asset Management to launch Smart Alpha portfolios. Nutmeg reported that Smart Alpha portfolios are underpinned by it and J.P. Morgan Asset Management’s shared commitment to sustainable investing.  “Today, Nutmeg and J.P. Morgan Asset Management have joined forces to create a… Read More

PayPal Ventures Backs Payments Fintech Modulr with £9 Million Investment

Payments as a Service Fintech Modulr has received a £9 million investment from PayPal Ventures to develop additional products and expand its customer base. Modulr is a Fintech service that integrates into any product or system. Users may automate payment flows, embed payments into their… Read More

Lisa Nowell, the Chief Risk Officer at UK Digital Bank Monzo, Leaves Company for New Role at Ashman Finance

After joining digital bank Monzo only about a year ago, the Fintech firm’s first Chief Risk Officer, Lisa Nowell, has decided to leave her position to pursue a new role at Ashman Finance, an SME-focused lender. Nowell has previously served as Chief Risk Officer at… Read More

E-Money Institution Ziglu Celebrates Mastercard Debit Card launch By Announcing Christmas Charity Campaign

FCA authorized e-Money Institution Ziglu is celebrating its Mastercard debit card launch by announced its Christmas Charity Campaign. The company reported it is planning to donate the price of a meal to Fareshare every time a customer uses their card for their supermarket shop online and… Read More

Digital Bank Revolut Adds Google Pay in 10 New Markets

Digital bank Revolut has announced the launch of Google Pay for customers in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal and Romania. The Fintech claims to be one of the first financial services firms to offer Google Pay as a service within their… Read More

Proptech Platform Goodlord Partners with Open Banking Firm Credit Kudos

Goodlord, a Proptech that digitizes property management – and more, has partnered with credit reference agency and Open Banking provider, Credit Kudos, to improve the rental process for agents, landlords and tenants by allowing more accurate assessments of a tenant’s financial situation. According to a… Read More

Savings App Chip Gets Ready to Introduce Investment Products in 2021

Simon Rabin, Founder and CEO at London-based Chip, a financial services firm that automatically stashes away what consumers can afford so they can “spend it on things that really matter,” notes that there may be a potential opportunity to enter the wealth-building space. Rabin’s recent… Read More

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