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Fintech
Where money and technology meet, from fintech news and innovations to the latest on the key banking and finance disruptors. From challenger banks to digital security and payments, the world of finance is being transformed by technology. Verdict looks at the key finance and fintech news to keep you up to date with the latest news and innovations in the sector.
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6 Apr
Coronavirus case studies: How fintech Nutmeg is responding amid the tax year end
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.
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30 Mar
Use of fintech apps skyrockets as coronavirus lockdowns widen
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.
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25 Mar
Telecom giants bid to enter the banking sector
Across the globe, there has been frenzied activity in the fintech space driven by big telecom providers.
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24 Mar
Contactless payment limit increased as UK ups coronavirus response
The UK has raised the contactless payment limit in order to help reduce physical contact as part of ongoing efforts to combat the coronavirus.
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23 Mar
How Big Tech could make “massive inroads” into banking
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.
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19 Mar
Coronavirus case studies: How open banking startup TrueLayer is responding to the pandemic
The Covid-19 coronavirus has caused widespread upheaval for businesses in the UK, and among those is fintech startup TrueLayer.
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17 Mar
Strong Customer Authentication provides “a greater safety layer against online fraud”
The Financial Conduct Authority has now begun to enforce ‘Strong Customer Authentication’ rules, a key aspect of PSD2 regulations.
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13 Mar
Disruptive tech trends: Fintech leads Twitter mentions in February 2020
Fintech heads the Verdict list of the top five terms tweeted in disruptive tech in February 2020.
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25 Feb
Revolut valuation indicates growing influence of challenger banks
Challenger bank Revolut has become the most valuable fintech startup in the UK after its valuation tripled since 2018 to £4.2bn.
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17 Feb
European Cyber Resilience Centre launched by Mastercard
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.
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10 Feb
Starling Bank nets £60m funding boost for expansion plans
Challenger bank Starling has secured an additional £60m in funding from existing investors to continue its expansion plans.
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27 Jan
Currencycloud nets $80m funding boost for cross-border payments
Currencycloud has secured an $80m funding boost to expand its business-to-business cross-border payment platform.
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20 Jan
Tink nets €90m to expand open banking platform across Europe
Leading open banking startup Tink has announced that it has closed a €90m investment found that will enable it to further expand across Europe.
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13 Jan
On the second anniversary of open banking, what’s next?
Open banking was first launched in January 2018 and received much attention from the financial community as the potential bringer of fintech disruption.
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2 Jan
Twitter round-up: Roger Ver’s tweet on person-to-person bitcoin cash most popular in November 2019
Verdict Twitter round-up lists ten of the most popular tweets on fintech in November 2019, based on data from GlobalData’s Influencer Platform.
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12 Dec
One in five would support bank closures if it meant better digital experience
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.
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28 Nov
“We’re still very much at the early offset”: Can Open Banking fulfill its potential in 2020?
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.
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21 Nov
How cheap, fast data can give you an edge in fintech
Technology has disrupted the banking and finance industries in ways previous generations could never have foreseen.
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20 Nov
Biggest influencers in fintech in Q3 2019: The top individuals to follow
GlobalData research has found the top fintech influencers based on their performance and engagement online.
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16 Oct
Public funds to go on the blockchain with EY government platform launch
EY has launched a platform for governments that will see public funds put on the blockchain.
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14 Oct
London financial services jobs “defying political chaos”, but uncertainty remains
With continued uncertainty over when the UK will leave the EU, many businesses have been left with more questions than answers when it comes to Brexit planning.
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11 Oct
Royal Mint launches first solid gold payment card
Gold payment cards have long been a status symbol, synonymous with high-earners.
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9 Oct
Nearly half of young people would switch banks for a better digital experience
Nearly half of young people would consider switching to a different bank in order to receive a better digital banking experience.
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8 Oct
Natwest launches first biometric credit card in the UK
Natwest has launched the first biometric credit card in the UK, allowing customers to make payments using only their fingerprints.
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18 Sep
PSD2 deadline extension signals “lack of preparedness” among banks
The 14th of September was supposed to be the day that the last part of the Payment Services Directive, or PSD2, was rolled out across the EU.
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18 Sep
Why insurance needs Tesla’s autopilot too
“Hello Timo, nice to see you.
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16 Sep
Payments innovation could cost banks $280bn in lost revenue by 2025
Traditional banks that are slow to respond to innovation in the banking industry could lose up to $280bn by 2025 as the offer of instant, invisible and free payments wipes out once lucrative payments revenue channels.
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5 Sep
The State of Open Banking: Despite promise, significant challenges hold banks back
While financial service providers recognise the promise of open banking, few feel that they’re in the best position to take advantage of it.
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3 Sep
In the move towards cashless, consumers are worried about going cardless
According to a study conducted earlier this year by UK Finance, just one in ten adults in the UK now opts to only use cash, with the rapid with the rapid growth of contactless payment and decline in the number of ATMs leading many to predict that the UK may become a cashless society in
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27 Aug
Natwest and RBS IT glitches “may result in reputational damage”
Natwest and RBS customers have been left without access to their online accounts after the two banks were hit by IT issues.