Category Archives for "Fintech News"

Fintech News review for 1st November

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 […]

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Fintech News review for 25th October

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 […]

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Fintech news review for 18th October

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 […]

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Fintech news review for 11th October

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). […]

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Fintech news review for 4th October

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 […]

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Fintech news review for 27th September

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. […]

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Fintech News Review for 23rd September

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. […]

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Fintech news review for 13th September

By Jason Hulott | Fintech News

The big payments processing company Stripe has launched a credit card for business account holders. This complements its growing package of online facilities, which recently saw the addition of business loans to its basic payments processing facility. Stripe. The UK’s Fintech banking service Monzo has launched a “blocking” service, which stops account holders overspending on […]

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Fintech news review for 6th September

By Jason Hulott | Fintech News

Following the discovery that half of all 22 to 29 year-olds have no savings at all, mobile bankers Tandem have launched a “Savetember” campaign to encourage young adults to save more. The bank is encouraged that mobile bankers are probably keener to save than others, with almost half of them saving regularly each month. Tandem. […]

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Fintech news review for 30th August

By Jason Hulott | Fintech News

Facebook is currently under fire about the transparency of its digital currency Libra and the infrastructure that supports it. Despite investigations in the UK, USA, Canada, Australia, and several other countries, backers and supporters appear so far unperturbed by the degree of scrutiny. Fintech Global. A simple and easy to use insurance app – currently […]

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