By Jason Hulott | Fintech News
The cashless economy has impacted traditional donations to faith-based groups, charities and nonprofits. UK Fintech GoodBox has created a range of products to allow nonprofits to accept card payments, including a collection plate with integral payment facilities. Over 800 nonprofits use their products and have so far processed £2.5million in charitable donations, averaging £11 per […]
Continue reading
By Jason Hulott | Fintech News
With 193 deals valued at around $121billion (to August 2018) the mergers and acquisitions environment within the major corporate Fintech sector continues to dazzle. One of the major drivers is the realisation by many large corporates that they need smaller and dynamically responsive innovative partners whilst smaller companies need the capital and other resources of […]
Continue reading
By Jason Hulott | Fintech News
Metro Bank has launched a new app to give business customers data-rich services for managing their accounts. These include monthly cashflow analyses, warnings about payments that appear to be higher or lower than normal, and notifications of imminently scheduled payments. The Business Insights app is driven by artificial intelligence (AI) and was developed in partnership […]
Continue reading
By Jason Hulott | Fintech News
High street bank NatWest begins trials of a biometric credit card. To make a contactless payment, the account holder presents the card to a terminal together with his or her fingerprint verification. A green light on the card confirms the transaction – which may be for up to £100 (compared to the current £30 limit). […]
Continue reading
By Jason Hulott | Fintech News
The labour market is facing unprecedented change says a new report. Artificial Intelligence (AI) is likely to be the driving force behind 133 million new jobs across the world, while the UK alone can expect to see as many as 10.5 million jobs either automated or fundamentally changed by technology. Fintech Times. Fintech is changing […]
Continue reading
By Jason Hulott | CryptoCurrency
Displaying a wealth of cryptocurrency information on your site is much easier than it looks. These plugins will give your visitors useful data and you huge amounts of valuable content as you dip your toe into crypto. 1 Cryptocurrency Widgets – Price Ticker & Coins List By: Cool Plugins Generates simple lists of live coin […]
Continue reading
By Jason Hulott | Guest Authors
Loyalty programmes have been around for a long time as customers continue to enjoy collecting loyalty points and getting rewards. In the UK, over three quarters of the population are members of some form of a loyalty programme and nearly half of them believe that loyalty programmes encourage their brand loyalty. This is not confined […]
Continue reading
By Jason Hulott | Fintech News
London-based Fintech company TransferWise continues to go from strength to strength, posting record post-tax profits for the third year in a row. By the end of its current financial year, the company posted £10.3 million in net profit, increasing last year’s strong performance by 66%. At £179 million, turnover has risen by some 53%. CNBC. […]
Continue reading
By Jason Hulott | Fintech News
While the surge in new Fintech companies is fuelling a boom in cashless payments, traditional banks appear wary of joining the fray. They fear of losing trust in their brand and the service experience customers typically enjoy. Only about a half of banks plan to make full use of application programming interfaces (APIs). Fintech Global. […]
Continue reading
By Jason Hulott | Fintech Marketing
Financial technology, Fintech, has only become possible since the adoption of digital technology. The term and concept entered the mainstream after the 2008 financial crash. Traditional institutions had failed, and the market was ripe for new technology-driven products. Big Data and AI may sound like buzz-words, but they have a role to play in the […]
Continue reading