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The Latest Breaking News from fintech

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

The Guardian - UK

A short-seller just went after the fintech company Ryan Reynolds has a stake in—and it's not the first time

The short-seller said in its latest report that Canadian payment company Nuvei was not being upfront about the nature of Reynolds's investment.

Fortune

Ryan Reynolds says ‘emotional investment’ is the key to his business success

The actor recently revealed he had invested in Canadian fintech firm Nuvei.

Fortune

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After he sold his company for over $1 billion, Ryan Reynolds' investing spree continues with a fintech company that has ties to Binance and DraftKings

The actor has invested in a gin company, mobile network and more. Reynolds says he likes less-glamorous, yet important projects with his marketing firm.

Fortune

Government vows to transform fintech - and launches nationwide census to support tech businesses and drive open banking

New City minister says 2023 'will be the year of delivery on the next generation of open banking'

Birmingham Post

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Fortune

UAE’s e& Takes Majority Stake in ‘Careem's Super App’

The UAE telecom-tech giant e& is picking up a majority stake in Careem Super App through a binding agreement with Uber Technologies. Careem’s ride-hailing business will remain fully owned by Uber Technologies and continue to be available with all other Careem services on the existing app for customers. e& is…

Asharq Al-Awsat

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Cardiff fintech Agam launches first digital microfinance product into Bangladesh

The microcredit gives unbanked entrepreneurs and gig economy workers who may not have a credit history access to loans

Birmingham Post

FinTech Scotland hails sector growth in line with roadmap

The number of Scottish SMEs increased by 13% year-on-year - with both new fintechs and international firms setting up here

Insider UK

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Asharq Al-Awsat

Standard Life's second FinTech Forum focuses on ESG

Meanwhile, CodeClan is urging businesses to help it meet demand from young people for its tech training programmes

Insider UK

Five trends set to transform fintech banking in 2023

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

Product market fit - Roll Call

Ayo Omojola, head of product for Carbon Health and former product lead for Cash App, explains the engineering of new fintech experiences.

Roll Call

Trusting Fintech: Four Critical Moves to Protect Yourself

A few relatively easy steps can help you safeguard your money when using bank and budgeting apps and other financial technology.

Kiplinger

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Birmingham Post

Co-founder of bereavement tech firm wins prize after impressing banking bosses

Settld convinced judges in the 'Grow with Purpose’ competition

Birmingham Post

Half of fintech firms have stopped hiring staff

With a global recession looming, the development of financial software and the evolution of fintech innovations will have a larger impact on consumers than ever in 2023

Bangkok Post

Venture capital cautious following SVB collapse

Local venture capital (VC) firms have raised their guard against investment in fintech and startups following the Silicon Valley Bank (SVB) fallout in the US.

Birmingham Post

Cardiff fintech Sonovate surpasses £3.5bn in business lending

The lender provided more than £1bn to firms in 2022 as rising costs forced firms to seek finance to manage cash flow

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Evening Standard

Beleaguered London fintech Railsr agrees rescue sale in bid to avoid collapse

Struggling fintech Railsr is set to be rescued from collapse after it agreed a sale to a consortium of investors.

The Times of India

Five men ganged together through Telegram group to commit credit card fraud in Delhi, arrested

NEW DELHI: Two engineering graduates, two Aadhaar enrolment centre employees and a private firm worker ganged together through a Telegram group and duped a Pune-based fintech startup after procuring credit cards using names and PAN details of celebrities like M S Dhoni, Abhishek Bachchan and Madhuri Dixit, the Delhi Police…

Birmingham Post

East Midlands tech start-ups on the rise

RSM says 'region has always benefitted from a thriving technology sector, particularly in fintech and medtech'

Evening Standard

Revolut report shines spotlight on other London fintechs with missing accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

The Guardian - UK

Fintech firm Revolut moves closer to UK banking licence after first annual profit

Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

Birmingham Post

Leeds chosen to launch national fintech quango that aims to scale up firms

The Centre for Finance, Innovation and Technology (CFIT) is backed by £5.5m of Treasury and City of London Corporation funding

Evening Standard

Layoffs cloud UK fintech prospects

While London-based Revolut is set to hire at least 1700 staff over the next year, many of its peers have been less fortuitous, with the likes of Railsbank, Zilch, Zego and TrueLayer all shedding at least 10% of staff

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