Fintech

The British Business Bank launched a Growth Guarantee Scheme (GGS), a new iteration of the Recovery Loan Scheme (RLS), at the beginning of July to support UK startups. Many organisations are looking at ways to participate and support the ecosystem, with Simply Asset Finance, the specialist business lending provider, being the latest to allow users to borrow under […]

Vibrant, a Stellar network-based digital wallet enabling customers to send, receive, and withdraw funds with USDC, has reported extremely positive annual growth metrics, driven by areas with high inflation rates. The Stellar Development Foundation (SDF), a nonprofit organisation supporting the development and growth of the Stellar network, reported this growth, revealing that between Q2 2023 […]

Fintech lender Plenti is now enabling its customers to utilise the National Australia Bank’s Pay by Bank solution, to make loan repayments.  The National Australia Bank (NAB) Pay by Bank solution enables PayTo transactions and was developed in partnership with global fintech Banked, with an aim to ensure faster and more secure payments directly from a user’s bank account. […]

Revolut, the global fintech boasting over nine million UK customers, has officially obtained its UK banking licence from the Prudential Regulation Authority (PRA), more than three years after its initial application.  After securing the UK banking licence, Revolut should be able to eventually offer a far wider range of products and services to customers, including mortgages and […]

eToro, the trading and investing platform, has over 33 million customers worldwide, with a tenth residing in the UK. To improve the trading experience for this segment, eToro is adding more than 1,000 UK stocks to its platform after enhancing its access to London Stock Exchange market data. 3.8 million registered UK eToro users will […]

The UK’s Current Account Switch Service has revealed that it facilitated over 1.4 million in the past 12 months, up 10 per cent from the previous year, with the latest stats offering a positive outlook for the market. The Current Account Switch Service explained that the continued upward switching trend highlights that finding the right […]

Firms are starting to see the appeal in blockchain technology, but are struggling to integrate it. Looking to make this process simple for startups, Fireblocks, the blockchain applications builder and digital asset operations platform, has launched Fireblocks for Startups. Fireblocks empowers startups to build and scale their businesses with ease. All the while, it serves a […]

The UK appears to be more welcoming of a digital future according to research from Marqeta, the global modern card issuing platform powering embedded finance solutions.  In its fifth annual report, titled The 2024 State of Payments Report, Marqeta revealed that UK consumers are very quickly embracing a digital payment society. Fifty per cent of respondents said they […]

Online payment processing solution provider GoCardless has announced a partnership with One Mortgage System (OMS), a CRM platform for brokers, to simplify and accelerate the payment process for its user base. OMS will integrate GoCardless’ open banking payments feature, Instant Bank Pay, directly into its platform, enabling brokers to efficiently request payments from their clients for a variety of services rendered, […]

Credit data solution provider Bloom Credit has become the newest member of the American Fintech Council (AFC), the industry association representing responsible fintechs and banks. Bloom Credit is an API platform modernising credit data reporting, furnishing, and scoring, and hopes to democratise financial services and improve access to credit.  Bloom Credit offers a comprehensive platform that enables fintech companies […]