FCA warns consumers against loan fee fraudsters amid rising summer borrowing
The average loss to loan fee fraud in the UK is £260.
The average loss to loan fee fraud in the UK is £260.
The launch is Garanti BBVA Financial Technologies’ first foray into digital assets.
MarketAxess aims to accelerate the development of quantitative execution algorithms for fixed-income products.
From 3 October, access to crypto through Revolut will be fully disabled for US customers.
The Texas-headquartered company has implemented Provenir’s Data and Decisioning Platform.
The joint venture will focus on the development of embedded finance solutions and financial services apps.
David Robert Baxendale and Edward John Macnamara have been appointed as joint administrators.
PayU says the sale will allow it to focus on “the huge fintech opportunity” in India.
All of Koyo’s existing loans have been transferred to Capquest for management.
The regulator’s 14-point plan seeks fairer interest rates on UK savings accounts.
The acquisition enables Allfunds to develop its position in Italy as a local paying agent business.
Snoop leverages AI and open banking technology to provide personalised overviews of spending habits.
The regulation is set to completely transform the relationship between financial services firms and consumers.
Pollard replaces Niall Booker, who indicated his intention to step down from the position last year.
Pay.UK’s Current Account Switch Service has seen a 50% increase in switches compared to last year.
According to an FCA filing, Jordan Sinclair has been appointed as UK chief executive for Robinhood.
Trintech hopes the deal will “act as a springboard for innovation” for its accounting automation platform.
The app will leverage Currencycloud’s multi-currency virtual accounts for cross-border payment services.
The group’s board of directors says Rose has “agreed by mutual consent to step down”.
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
The deal follows GBST’s acquisition of WealthConnect, the Salesforce-based CRM solution, in May.
Discussing the changing relationship between fintechs and banks amid an increasingly interconnected tech landscape.
The confirmation comes two years after the digital bank launched in the UK.
The bank has seen its customer count jump from around 123,000 during FY22 to 224,000 at present.
15 fintechs including Wise, Monzo, Revolut and Klarna have penned an open letter to UK chancellor Jeremy Hunt.
The Digital Sandbox has previously only been available to developers via pilots and TechSprints.
Martijn Stoker joins HSBC from JP Morgan, and Melissa Tuozzolo from Bank of America.
The PSR’s future direction on the NPA was outlined in its annual plan and budget for 2023/24.
David Morris discusses automation, its impact on customer service and the changing nature of branch-based banking.
Clockwise’s IT manager says the launch is a “culmination of a huge amount of work over the past six years”.
The closures, which will take effect in October, will leave Virgin Money with 91 bank branches in the UK.
The San Marino-based fintech will deploy Finastra’s SaaS solution for high-value corporate payment processing.
Wagman joins Rapyd from the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA).
The latest investment follows Sylvera’s $32 million Series A round held in January 2022.
The funding will be used to lend to SMEs in the UK, Australia and Netherlands.
Starling Bank will utilise Napier’s anti-money laundering (AML) and counter-terrorism financing (CTF) technology.
Lloyds claims it is the first UK bank to launch such an offering, now available to 11 million customers.
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
Access Bank will acquire Standard Chartered’s subsidiaries in Angola, Cameroon, The Gambia and Sierra Leone.
The review will examine how the FCA is working to overcome new challenges and take advantage of opportunities.