City exclusive: Brits leave Europeans trailing in digital banking September 18, 2022 Brits are significantly ahead of other Europeans in their embrace of digital forms of banking. New research, shared exclusively with City PM this morning, shows that people in the UK are nearly twice as likely as other Europeans to prefer applying for financial products and services online via website or app, including through online chat [...]
Wise investors ‘should be concerned’ by probe, top advisors warn September 15, 2022 Investors in troubled money-transfer firm Wise “should be concerned” by the regulatory investigation into its chief Kristo Kaarmann as it threatens to “dampen shareholder value”, a top advisory group has warned. The Financial Conduct Authority revealed in June it had opened an investigation into the Estonian founder after tax authorities ruled in 2021 that he [...]
What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
UK fintech investment tumbles as inflation rocks markets September 12, 2022 UK fintech investment plunged in the first half of 2022 as war in Ukraine and soaring inflation brought last year’s funding frenzy to a sharp close, new figures have revealed today.
UK must pursue overseas tech talent, says start-up body September 8, 2022 A leading start-up body has championed the flow of overseas talent into the UK’s technology sector today as new figures showed that nearly one in five UK tech firms had a foreign founder.
Terrible Thursday for Darktrace as shares nosedive by 25 per cent after private equity walks away September 8, 2022 Darktrace share price jumped sharply on reports last month that it is in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. However, this morning it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was [...]
Nigerian fintech Moove brings 10,000 EVs to Uber’s UK fleet September 1, 2022 Nigerian mobility fintech Moove will bring 10,000 electric vehicles (EVs) to Uber’s fleet as part of its EU expansion. Moove will enable Uber London, which is already the greenest city on the platform with 6,000 EVs – to become all-electric by 2025. Founded in 2020 to expand access to vehicle ownership in Nigeria, the fintech [...]
Laybuy to share data with credit agencies as BNPL firms clampdown on borrowing August 31, 2022 Laybuy has become the latest buy-now pay-later firm to commit to sharing customer data with credit rating agencies today as the sector looks to clampdown on vulnerable shoppers taking on unaffordable debt.
Wise hit with £308,000 fine in Abu Dhabi over money laundering failures August 30, 2022 London-listed fintech firm Wise has been slapped with $360,000 (£307,801) fine by Abu Dhabi regulators today after a series of failures in its anti-money laundering controls.
Payments platform Bango snaps up Japanese firm Docomo Digital August 30, 2022 Bango provides a payments platform for firms including Netflix, Britbox and Youtube
