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The Latest Breaking News from fintech

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

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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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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

Birmingham 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.

Bangkok 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

Birmingham Post

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.

Evening Standard

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…

The Times of India

East Midlands tech start-ups on the rise

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

Birmingham Post

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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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Fortune

Who will be PayPal’s next CEO? Here are the 7 leading contenders according to fintech experts

PayPal's retiring CEO is sticking around till December, but there's already chatter about who might be qualified to step into the role.

Dublin Live

Pliant raises $28 million in Series A funding round

Pliant announces another significant milestone with the successful completion of its Series A financing round, securing $28 million in capital from existing and new investors

Insider UK

IKEA investment arm takes €9 million stake in DirectID

Edinburgh-based fintech firm will now expand into new markets and develop its credit data product

The Guardian - UK

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

Evening Standard

NatWest to acquire 85% stake in pensions fintech Cushon

Bank will pay £144 million for majority shareholding in the pensions and savings business

Tribune News Service

Payday Friday is becoming payday Wednesday, thanks to banks and credit unions

Payday Friday is increasingly coming one or two days early — on Wednesday or sometimes Thursday.

Dublin Live

PayPal to lay off 2,000 employees in global job cuts

The fintech company employs over 2,000 people in Ireland and slashed around 300 job from its Irish operations last year

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