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.
The Covid-19 coronavirus has caused widespread upheaval for businesses in the UK, and among those is fintech startup TrueLayer.
The Financial Conduct Authority has now begun to enforce ‘Strong Customer Authentication’ rules, a key aspect of PSD2 regulations.
Fintech heads the Verdict list of the top five terms tweeted in disruptive tech in February 2020.
Challenger bank Revolut has become the most valuable fintech startup in the UK after its valuation tripled since 2018 to £4.2bn.
Payments technology giant Mastercard has today announced the development of the European Cyber Resilience Centre, a new cybersecurity centre designed to encourage public-private collaboration in the continent.
Challenger bank Starling has secured an additional £60m in funding from existing investors to continue its expansion plans.
Currencycloud has secured an $80m funding boost to expand its business-to-business cross-border payment platform.
Leading open banking startup Tink has announced that it has closed a €90m investment found that will enable it to further expand across Europe.
Open banking was first launched in January 2018 and received much attention from the financial community as the potential bringer of fintech disruption.
Verdict Twitter round-up lists ten of the most popular tweets on fintech in November 2019, based on data from GlobalData’s Influencer Platform.
The closure of high street banks has hit the headlines in 2019, with 19% of people in the UK now living over two miles away from a bank, according to The Guardian.
2019 was anticipated to be the year that open banking took off, with the introduction of a number of new regulations designed to make it easier for consumers to access a greater array of financial services, while improving security.