Open banking is a growth engine Britain cannot ignore Opinion Open banking doesn't grab headlines like AI, but combining these technologies can deliver exponential benefits, writes John Glen MP.
Why oh why are we still debating open banking in the UK? Opinion Open banking needs urgency – not more debate, write John Glen, three years on from opening the conversation as City minister.
Apps to help you manage your money Personal Finance Apps can help you budget, save and invest. The right one for you will depend on the features you’re after, your needs, and what you’re willing to spend. Are you looking to spend more responsibly, save up for a goal or simply get some insight into your financial habits? Luckily, there’s an app for that. [...]
UK fintech: Can Britain’s booming sector conquer Europe and the US? June 1, 2025 UK fintechs have transformed the British banking landscape – and firms are fixing their eyes on international endeavours. Top names ballooned profits and customers bases over the last year whilst picking up a fleet of accolades. London-based Allica Bank was dubbed the UK’s fastest growing private company by The Times Hundred and Europe’s fastest growing start-up by Sifted. [...]
Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day November 15, 2024 Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, City PM can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
Smart data isn’t just a buzzy phrase – it will revolutionise financial services sector September 23, 2024 Smart data is the key to levelling the playing field for SMEs that have been left behind in the digital revolution, says Lord McNicol
Bad data holding back lending to UK’s small businesses, fintech chief warns September 6, 2024 High street banks are keen to lend more to small businesses but being held back by poor data sharing, the head of of a government-backed fintech hub has said, hailing the sector's potential to boost UK economic growth.
CMA rebukes four banks for failing to provide correct information to customers July 25, 2024 The competition watchdog has publicly rebuked four banks for failing to comply with rules ensuring lenders provide clear and up to date information to their customers.
UK must embrace open finance to be a global fintech leader and boost IPOs, industry chief says February 29, 2024 Open finance is key to making the UK a global leader in fintech and unlocking more public listings, the boss of a government-backed industry hub has told City PM, as the sector struggles to lure investors.
