Bridging the divide: ensuring financial inclusion for SMEs globally
There were 5.7 million SMEs in the UK in 2018 contributing 47% of revenue to the UK economy.
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Daily News at Sibos 2019: Day One
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France warns UK to avoid Brexit derivatives clash
AMF wants Britain to guard against potential for arbitrage opportunities.
Alison Rose appointed RBS chief, first female leader of major UK bank
Rose opens “a new chapter” for RBS.
FCA review finds investor happiness with MiFID II research unbundling
MiFID II is improving asset managers’ accountability over costs.
Insurtech Cover Genius forms ‘first of a kind’ partnership with ShipStation
The partnership will effect UK, Canadian and Australian merchant customers.
Mastercard’s Vocalink release payments report: Look beyond London
87% of over 75’s still don’t use banking apps.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
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If we feel betrayed, we rarely go back or give you a second chance.
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TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
First UK fintech consumer panel launched in Scotland
Consumers will innovate alongside the entrepreneurs.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
AkinovA first insurtech to adopt OpenFin OS
“This is an overhaul in the insurance and risk trading space.”
The secret behind Northern Ireland’s fintech success
Northern Ireland is carving its own unique niche in the digital world.
Paysend reaches one million customers in two years
Paysend acquired more than 100,000 new users last month.
Curve smashes crowdfunding record in minutes with £5m overfund
The fintech quadrupled its£1 million target in less than an hour.
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Standard Chartered chooses Traydstream AI solution
Traydstream begins with the global trade export market in Singapore.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
TSB and Square partner to boost payments for SMEs
TSB business banking customers will be sent a free Square Reader.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PPI-type scandals could return warns banking regulator
“When things get desperate, banks tend to take more risk.”
Challenger investment firm founder launches legal action against UK PM Boris Johnson
SCM Direct founding partner, Gina Miller, takes the Brexit battle to court once again.
