Industry News
How open banking payments will help businesses keep up
The pandemic forced consumers to spend more online and alerted them to the benefits of digital payments. With our research finding that 20% of UK consumers reported the pandemic changed the way they think about paying for products and services, it’s no wonder that...
read moreNew Fintech Growth Fund set to plug £2bn UK fintech funding gap
The provisionally named Fintech Growth Fund, Sky News reports, will be independent from government, raising capital from institutional investors to pump money into UK fintechs beyond the Series B stage and looking to scale. An official announcement could be made as...
read morePlugging in: financial services in the metaverse
If there’s one industry buzzword this year that is on almost everybody’s lips, it has to be ‘metaverse’. Since social media giant Facebook rebranded to Meta, pivoting to what the company believes is the future of the web, the concept has brought interest and...
read moreRegulation and how financial services can stay compliant
The Financial Conduct Authority (FCA) is setting up an enforcement team to pursue businesses that are not meeting basic regulatory standards as part of a clampdown on what it calls “problem firms” in the financial services industry. There’s also unease among industry...
read moreUK fintech investment defies global downturn with 24% growth
New data released by Innovate Finance, the industry body representing the fintech community in the UK, has revealed that the country saw a 24% year-on-year increase in fintech investments in the first half of 2022, despite a global slowdown in funding. Innovate...
read moreFinTech Futures Jobs: Is remote working causing a workquake?
It turns out lots of us really like working from home. Click on the image to see all the vacancies on the FinTech Futures Jobs portal So much so that since 2020 in the US, around five million people have moved to a new geographical location because of the availability...
read moreHow to deliver effective transformation with fintechs
Customers are the reason businesses exist – and if businesses are unable to keep up with customers’ constantly changing demands, they will be left behind. The global fintech market is expected to reach $332.5 billion by 2028 This is particularly relevant in financial...
read moreThai banks give nod for home loans to LGBTQ+ community
State-owned housing bank advances the gender equality finance agenda Thailand passed the first reading of the Marriage Equality Bill on June 16, improving prospects in the LGBTQ+ community for greater social and legal acceptance in a conservative society. ©...
read moreFinTech Futures Jobs: Five interview questions to ask to determine a company’s culture
Defining a company’s culture goes far beyond free snacks and branded keep cups. Culture at work encompasses the values, goals, attitudes and practices within an organisation, from how a company respects and recognises its employees to how it contributes to society...
read moreMambu partners Visa for end-to-end card issuing and processing
Banking tech vendor Mambu, which provides cloud-based, software-as-a-service (SaaS) core banking software, has partnered with payments giant Visa to utilise Visa DPS – one of the largest processors of Visa debit transactions globally. Mambu partners Visa The company...
read moreThe 5 weirdest crypto stories of 2021
For some blockchain enthusiasts and stakeholders alike, it‘s been a year packed with adventures. In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of...
read moreMore than 440 finance firms are moving assets worth £900 billion to the EU post-Brexit
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London,...
read moreRussian e-commerce giant Ozon acquires Oney Bank in $10m deal
Russian e-commerce firm Ozon is expanding into traditional financial services with a $10 million acquisition of compatriot Oney Bank. Sovcombank bought Oney from Auchan Group in January Ozon, which ranks as one of Russia’s largest online platforms, is purchasing Oney...
read moreBankers talk of being sold out as London waits for its own Brexit deal with Brussels
The U.K. and the EU agreed to continue talks and co-operation on financial services on March 26.Despite this, bankers who have spoken to CNBC feel the industry has continually been neglected throughout Brexit talks.Financial services make up 7% of the U.K.’s total...
read moreCredit Suisse bid for tidy Archegos fix ends with banks brawling
Some emerged from the talks suspicious that Credit Suisse wasn't fully committing to freezing sales. NEW YORK (BLOOMBERG) - Alarms were blaring inside Wall Street's corridors of power in the middle of last week, as executives realized they might be facing the biggest...
read moreWise considers rare direct listing on London Stock Exchange
Wise, a $5 billion-valued money transfer fintech which grew out of the UK, is reportedly mulling a rare direct listing on the London Stock Exchange (LSE). According to Sky News, the start-up – known until last month as TransferWise – is thinking about circumventing...
read moreBailey Says Market Rate Rise Reflects Optimism in U.K.
Andrew Bailey Photographer: Jason Alden/Bloomberg Bank of England Governor Andrew Bailey said an increase in interest rates in financial markets reflects optimism that the U.K. economy will bounce back shortly. The remarks sidestep the concern that policy makers in...
read moreBudget 2021: UK Infrastructure Bank to be based in Leeds
Leeds' status as an established financial hub makes it an ideal location for the bank, the government said The UK's first infrastructure bank, which will channel billions of pounds into big projects and help tackle climate change, will be based in Leeds. Making the...
read moreBanks in Germany Tell Customers to Take Deposits Elsewhere
More customers are having to pay negative rates as savings have surged amid the pandemic Commerzbank, one of Germany’s biggest lenders, has told customers since last year to pay a 0.5% annual rate to keep large sums of money with it. Interest rates have been negative...
read moreGlobal Banking Systems Software Market Size 2021: Worldwide COVID-19 Impact Analysis, Business Opportunities, Industry Size & Share, Key Applications, Demands, Growth, Trends Analysis and Forecast to 2025
Banking Systems Software Industry 2021 Global Market Research report presents a top to bottom investigation of the Banking Systems Software market size, development, share, sections, makers, commercial center growing, mechanical advancements, income and innovations,...
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