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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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28 Sep
Fintech Acin nets $12m funding to grow risk digitisation efforts
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.
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17 Sep
Card to overtake cash in Germany in historic first
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.
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10 Sep
Three quarters of businesses favour digital onboarding when banking
Almost three quarters of businesses would be more likely to choose a bank with a fully digital onboarding process.
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3 Sep
Open banking is changing how the world operates
Open banking has revolutionised the finance industry for everyone.
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28 Aug
Virtual sterling? Bank of England ponders digital currency
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.
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27 Aug
CBDCs and cross-border payments: Are central bank digital currencies the future?
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.
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25 Aug
Central bank digital currencies: A step-change in finance
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).
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24 Aug
Zopa steps up digital bank war with fixed term savings account launch
Digital bank Zopa has made a key move in the growing UK market with the launch of a fixed term savings account.
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10 Aug
‘Eat Out To Help Out’ serves up 14% rise in restaurant transactions, fintech data shows
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.
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6 Aug
Digital money transfers get Covid-19 boost as consumers shun cash
Digital transfers of money have seen a rise in use during the Covid-19 pandemic, while cash has seen a sharp decline.
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20 Jul
Can the challenger bank from Natwest prove its Mettle?
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.
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10 Jul
Disruptive tech trends: Fintechs lead Twitter mentions in Q2 2020
Fintechs lead as Verdict lists the top five terms tweeted on disruptive tech in Q2 2020, based on data from GlobalData’s Influencer Platform.
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23 Jun
PSD2 extension could allow banks to be better prepared
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.
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15 Jun
Starling Bank adds in-app Slack integration
Leading digital bank Starling has introduced three new in-app integrations to its banking platform.
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5 Jun
7.4 million people in the UK are now living “almost cashless”
7.4 million people are now living "almost cashless" according to financial institution UK Finance.
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3 Jun
Disruptive tech trends: Fintech leads Twitter mentions in May 2020
Verdict lists the top five terms tweeted on disruptive tech in May 2020, based on data from GlobalData’s Influencer Platform.
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1 Jun
41% of businesses plan to switch banking provider
41% of businesses plan to change their banking provider due to their experiences during the Covid-19 pandemic.
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29 May
Starling Bank scoops £40m in latest funding round, bringing total to £363m
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.
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18 May
Fly Now Pay Later nets £35m to disrupt post-coronavirus travel industry
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.
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13 May
Featurespace nets £30m to expand fraud-detecting AI
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.
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6 May
Alpian nets $12.4m in Series A funding for “ground-breaking” digital bank
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.
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6 May
Disruptive tech trends: Financial services lead Twitter mentions in April 2020
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.
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5 May
Digital bank Bo closes: Inside RBS’s failed challenge to the challenger banks
After just six months, the Royal Bank of Scotland (RBS) has announced that it is shutting down its digital banking brand Bo.
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23 Apr
Coronavirus pandemic could cause “unprecedented disruption” to banking
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.
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22 Apr
Banking & Payments Predictions 2020: Fintech
Fintech covers any provider using technology to deliver financial services.
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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.