Exclusive: Fintech faces a ‘dystopian future’ as software fighting software will cause fatal disruption April 28, 2022 Fintechs are facing a ‘dystopian future’ with software fighting software threatening major disruption later this year. In the software marketplace, Software-as-a-Service (SaaS), where software is supplied online to businesses on a subscription basis, has become endemic. Now in 2022 financial criminals are taking this concept to a new level, with Fraud-as-a-Service. Fraud as a Service [...]
Robinhood slashes nine per cent of workforce April 27, 2022 US fintech giant Robinhood is planning to slash nine per cent of its workforce after a period of "hyper growth" tapered off.
Starling bags £130.5m ‘war chest’ as it looks to snap up lenders April 26, 2022 Fintech lender Starling said it is on an acquisition warpath today as it bagged £130.5m fresh funding to snap up new firms.
Shoppers push for tech investment as demand for new payment methods swells April 25, 2022 UK shoppers are pushing retailers to ramp up investment in technology as demand for new payment methods from retailer swells, new data has revealed. Around 80 per cent of shoppers are calling on retailers to invest in tech like frictionless payments to help avoid queues and swerve lengthy checkout forms, according to a report into [...]
CBI president: UK needs to tap into fintech’s ‘flotilla of benefits’ April 25, 2022 The UK needs to tap into “a flotilla of benefits” on offer from the country’s world-beating fintech sector, the president of Britain’s top business group will urge today at a gathering of the City’s biggest and brightest minds. Lord Bilimoria, president of the Confederation of British Industry (CBI) and a cross-party peer, will stress to [...]
Revolut overhauls Ukraine refugee scheme after customers ‘exploit’ referral fees April 24, 2022 Fintech giant Revolut has been forced to overhaul a scheme offering free accounts to Ukrainian refugees after it was exploited by customers.
Top challenger banks exposed to cybercrime, warns city watchdog April 22, 2022 A group of the UK’s top challenger banks have left themselves vulnerable to terrorist financing, money laundering and fraud due to weak financial controls, the city watchdog warned today.
Chinese tech giant Tencent snaps up stake in business finance firm Previse April 22, 2022 Chinese tech giant Tencent has snapped up a stake in London business finance firm Previse as it accelerates its push into UK fintech.
Private detective admits hacking Wirecard’s critics April 22, 2022 An Israeli private detective has admitted coordinating efforts to hack journalists on behalf of disgraced payment processor Wirecard. Aviram Azari pleaded guilty to charges of wire fraud, conspiracy to commit hacking, and aggravated identity theft, for his role in acting as a middleman in the hacker-for-hire scheme. The charges relate to Azari’s role in working [...]
PensionBee buzzes onto London’s top market as boss calls for rules reform April 21, 2022 The boss of fintech PensionBee has called for a swathe of reforms to London’s capital markets today in order to boost the growth of newly-listed tech firms, as the firm marks its shift onto London’s flagship market.
