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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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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.
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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.