HSBC to boost UK tech growth lending fund by £100m December 20, 2023 HSBC will increase the size of its Growth Lending fund by £100m to £350m.
UK fintech group IEC floats on London Stock Exchange’s AIM rival Aquis December 14, 2023 A UK fintech group has listed on the Aquis stock exchange in a boon to the City after a year of its public markets being starved of listings.
Open banking experts say current technology is just ‘tip of the iceberg’ December 5, 2023 Open banking is at a critical junction and the UK must capitalise on the head-start it already has, according to two industry experts.
One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Zopa and Tide given valuation boost by investor Augmentum November 28, 2023 Listed fintech fund Augmentum has bumped up the valuation of its portfolio this year in a sign that values are beginning to stabilise after a sharp slump over the past two years.
Many fintech lenders are ‘uneconomical’ report finds November 21, 2023 Winyield said that less than ten per cent of the fintech lenders it interviewed had staff with "previous relevant credit experience."
Deloitte reveals the UK and London’s fastest growing tech companies November 17, 2023 London-based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The top three — Allica Bank, Yoto and Hypervolt — all come from different sectors this year, including fintech, software and environmental tech. Together, the Fast 50 winners have an average four-year growth rate of 5,473%, possess total revenues [...]
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
London races ahead of San Francisco on fintech as chiefs rally behind reform October 2, 2023 London tech chiefs have called on the government to push ahead with reforms today after a new survey showed that London has climbed above San Francisco as a global hub for fintech for the first time.
Fintechs back digital pound arguing it will boost innovation and competition October 1, 2023 Fintechs are excited by the potential of a so-called digital pound arguing it will help spur innovation in the UK and create a more competitive payments environment.