UK contactless limit raised to £45 to prevent coronavirus cash handling
“The changes were already under consideration by the industry,” says UK Finance
“The changes were already under consideration by the industry,” says UK Finance
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Covid Credit uses open banking data to help the self-employed get income relief.
“A bad-actor was attempting to introduce malware into our network,” says firm.
The global bank may have to delay its plans if the contagion becomes a long-term issue.
It will launch international bill payments through its own app/website using Paykii’s tech.
Bischoping to replace Mark Miller, who stepped down for personal reasons.
He has held the job on an interim basis for seven months.
“We don’t think they were set up to do it properly,” says class action lawyer.
It’s the largest sum the central bank has issued since the financial crisis.
TransferWise customers just need the recipient’s name and Alipay ID.
Only the children of Premium and Metal account holders will have access.
The platform has already bagged Monese and Xero as a partners.
The wealth management group also expects significant cost savings.
The public body blocked and quarantined all the listed attempts.
The round was led by N26-backer Earlybird.
UK challenger bank steps into the business space with new accounts.
David MacLean joined Revolut from Metro Bank last July.
The challenger bank’s operator wants to go in a “new direction”.
The Spanish multinational bank has committed €20bn to its digital transformation.
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
The capital from ING brings Eigen’s total Series B to $42 million.
“I think the pain points are quite similar across different income levels,” says co-founder.
The AI assistant can predict cashflow, spending patterns and forecast balances.
The deal builds on Accuity’s account validation solutions for FIs.
The neobank will apply a 0.25% markup, with no other fees.
UK watchdog tells investors to be wary of deals too good to be true.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
P2P firm reacts to poor year in external markets by cutting back.
The sale is “understood to have seen Neyber’s assets sold for a meagre sum”.
A further five-year delay is put down to “turbulent stock markets”.
FinTech Futures picks out the fintech tidbits in this week’s announcement.
UK watchdog concerned that non-switching consumers are left out of pocket.
HSBC’s female employees are earning nearly half of what their male counterparts are.
Rizq plans to benchmark itself as close as possible to existing challengers.
The banks are also deferring customers’ payments on loans and mortgages for up to three months.
The bank claims businesses will receive loans in minutes.
UK bank to deploy Google cloud services to “improve customer experience.”