Fintech startup Acin has today announced that it has raised $12m in Series A funding to further expand its digitising efforts for non-financial and operational risk.
The number of payments made by card are expected to exceed those made using cash in Germany for the first time in history this year.
Almost three quarters of businesses would be more likely to choose a bank with a fully digital onboarding process.
Open banking has revolutionised the finance industry for everyone.
The world of banking is poised for a step-change as many central banks ponder the introduction of a digital currency, and among those leading discussions is the Bank of England.
As central banks look to the future, they are increasingly exploring the potential of central bank digital currencies (CBDCs) to improve speed, transparency and efficiency.
Around the world, central banks are pondering a technology that will provide one of the biggest changes to the world of banking in decades: central bank digital currencies (CBDCs).
Digital bank Zopa has made a key move in the growing UK market with the launch of a fixed term savings account.
Chancellor Rishi Sunak’s ‘Eat Out To Help Out’ scheme prompted a 14% increase in restaurant transactions during its first week, according to fintech firm Yolt.
Digital transfers of money have seen a rise in use during the Covid-19 pandemic, while cash has seen a sharp decline.
With the closure of numerous bank branches around the UK as a result of lockdown measures, as well as a rapid shift online as remote working becomes the norm for many, it would be easy to assume that digital banking has fared well during the Covid-19 pandemic.
Fintechs lead as Verdict lists the top five terms tweeted on disruptive tech in Q2 2020, based on data from GlobalData’s Influencer Platform.
The European Payment Institutions Federation is calling for a six-month extension to the PSD2 SCA deadline, which could allow banks to reevaluate their current plans.
Leading digital bank Starling has introduced three new in-app integrations to its banking platform.
7.4 million people are now living "almost cashless" according to financial institution UK Finance.
Verdict lists the top five terms tweeted on disruptive tech in May 2020, based on data from GlobalData’s Influencer Platform.
41% of businesses plan to change their banking provider due to their experiences during the Covid-19 pandemic.
Challenger bank Starling has raised £40m in its latest funding round, with the cash being used to fuel its growth and provide assistance to small business customers during the coronavirus pandemic.
Fintech startup Fly Now Pay Later has announced that it has raised £35m in Series A equity and debt funding, as investors look for disruptive solutions to the ailing travel industry.
Featurespace, a startup that provides artificial intelligence (AI) software to combat fraud and money laundering, has raised £30m in funding to drive its next phase of growth.
Swiss digital financial services startup Alpian has today announced that it has raised CHF 12.2m ($12.4m) in Series A funding to launch a digital bank targeting the country’s high net-worth population.
Financial services leads as Verdict lists the top five terms tweeted on disruptive tech in April 2020, based on data from GlobalData’s Influencer Platform.
After just six months, the Royal Bank of Scotland (RBS) has announced that it is shutting down its digital banking brand Bo.
The coronavirus pandemic and the ongoing lockdown measures imposed in many countries around the world could "change the face of banking forever", according to card-issuing platform Marqeta.
Fintech covers any provider using technology to deliver financial services.
Switching to 100% remote working due to the Covid-19 coronavirus crisis is a challenge for any business, but for a company such as fintech startup Nutmeg, which is facing its busiest time of the year, it is particularly challenging.
Lockdowns and stepped-up social distancing across Europe due to the coronavirus have caused a dramatic surge in the use of fintech apps to assist with banking and finance over the last week.
Across the globe, there has been frenzied activity in the fintech space driven by big telecom providers.
The UK has raised the contactless payment limit in order to help reduce physical contact as part of ongoing efforts to combat the coronavirus.
With the two year anniversary of open banking regulations in January, and the steady rollout of PSD2 rules, the world of banking is facing significant disruption as consumers demand increasingly sophisticated digital products.