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.
Technology has disrupted the banking and finance industries in ways previous generations could never have foreseen.
GlobalData research has found the top fintech influencers based on their performance and engagement online.
EY has launched a platform for governments that will see public funds put on the blockchain.
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.
Gold payment cards have long been a status symbol, synonymous with high-earners.
Nearly half of young people would consider switching to a different bank in order to receive a better digital banking experience.
Natwest has launched the first biometric credit card in the UK, allowing customers to make payments using only their fingerprints.
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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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.
While financial service providers recognise the promise of open banking, few feel that they’re in the best position to take advantage of it.
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
Natwest and RBS customers have been left without access to their online accounts after the two banks were hit by IT issues.