FinTech - Page 4

Stay updated with the most recent news and in-depth coverage of fintech in the United Kingdom and beyond

Okredo Secures €1.2M EU Funding to Develop AI-Powered Scoring System for 30 Million EU Companies

Okredo, a UK-based startup specializing in open data solutions, has secured €1.2 million in EU funding to develop a multi-modular AI/ML-driven scoring system valued at €1.5 million. This advanced system aims to

August 14, 2024

by Fabrice Iranzi

‘Buy Now Pay Later’ under scrutiny: What regulation coming in 2025 means for consumers and providers

The UK government is set to regulate Buy-Now, Pay-Later (BNPL) firms, bringing them under the supervision of the Financial Conduct Authority (FCA) after years of industry uncertainty. BNPL products, which allow consumers to defer payments, saw significant growth during the

October 18, 2024

by Fabrice Iranzi

OpenAI’s latest model resists shutdown in safety tests

OpenAI’s newest artificial intelligence model, ChatGPT o3, has shown signs of resisting shutdown commands in controlled

UK fintech sector hits 28 unicorns, led by Revolut

The UK’s fintech sector is now home to 28 unicorns, private companies each valued at over

FCA cracks down on ‘Finfluencers’ amid rising social media fraud fears

The UK’s Financial Conduct Authority (FCA) has launched a crackdown on social media influencers—dubbed “finfluencers”—who are promoting financial products illegally. These influencers, popular across platforms like Instagram, YouTube, and TikTok, often flaunt

October 23, 2024

FinTech·TechCurrent·Trending

Zepz secures $267 million to expand cross-border payments platform

London-based fintech unicorn Zepz, formerly known as WorldRemit, has raised an impressive $267 million in funding, signaling its commitment to revolutionizing international money transfers. This latest round was led by Accel, with

October 7, 2024

FinTech·TechCurrent·Trending

Starling Bank fined £29m for lax crime prevention controls: A wake-up call for Fintech?

Starling Bank has been fined £29 million by the Financial Conduct Authority (FCA) for failing to properly screen high-risk customers, leaving the bank vulnerable to financial crime. The FCA found that the

October 2, 2024

FinTech·TechCurrent·Trending

Stratiphy secures £350,000 pre-seed funding to revolutionize wealth management

It is a leap forward for Stratiphy, an AI-driven investment platform, that has just successfully raised £350,000 in a pre-seed funding round. This was achieved with the help of Fundmypitch, a platform

August 31, 2024

Business·FinTech·Future·Innovation

Revolut confirms $45bn valuation in new share sale as Treasury courts fintech giant for London listing

Revolut, the London-based fintech, has confirmed plans for a secondary share sale that values the company at a staggering $45 billion (£35 billion). This move positions Revolut as Europe’s most valuable private

August 16, 2024

FinTech·TechCurrent·Trending

Monzo Named Top Bank for Customer Satisfaction Again: A Look at the Rise of Neobanks

Monzo, the UK-based challenger bank, has once again been crowned the number one bank for customer satisfaction by the Competition and Markets Authority (CMA). This marks the fourth consecutive time Monzo has

August 15, 2024

FinTech·TechCurrent

Binance Seeks Dismissal of Major Claims in £10 Billion Lawsuit Over BSV Delisting

Crypto exchange Binance has moved to dismiss significant portions of a lawsuit in London worth up to £10 billion ($12.8 billion). The case, which also implicates other major exchanges including Kraken, accuses

June 6, 2024

Crypto·FinTech·LegalTech

Barclays Bank Leads £4m Investment in WealthOS

Barclays Bank has spearheaded a £4 million investment into WealthOS, a burgeoning wealth management infrastructure platform based in London. This funding marks a pivotal moment for WealthOS as it seeks to solidify

June 4, 2024

FinTech·TechCurrent

NatWest Group to Onboard Record 2,500 Entrepreneurs in September Accelerator Programme

NatWest Group, the largest bank for start-ups in Great Britain, is set to welcome up to 2,500 new businesses to its latest Accelerator programme this September. This initiative, which represents the bank’s

June 3, 2024

Business·FinTech

Monzo reports first full-year profit amidst surging revenues

Monzo, the leading UK digital bank, has announced its inaugural full-year profit in its latest financial disclosures. The neobank’s financial accounts reveal a remarkable turnaround, with revenues soaring due to an

June 3, 2024

FinTech

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FinTech - Page 4

Okredo Secures €1.2M EU Funding to Develop AI-Powered Scoring System for 30 Million EU Companies

‘Buy Now Pay Later’ under scrutiny: What regulation coming in 2025 means for consumers and providers

OpenAI’s latest model resists shutdown in safety tests

UK fintech sector hits 28 unicorns, led by Revolut

FCA cracks down on ‘Finfluencers’ amid rising social media fraud fears

Zepz secures $267 million to expand cross-border payments platform

Starling Bank fined £29m for lax crime prevention controls: A wake-up call for Fintech?

Stratiphy secures £350,000 pre-seed funding to revolutionize wealth management

Revolut confirms $45bn valuation in new share sale as Treasury courts fintech giant for London listing

Monzo Named Top Bank for Customer Satisfaction Again: A Look at the Rise of Neobanks

Binance Seeks Dismissal of Major Claims in £10 Billion Lawsuit Over BSV Delisting

Barclays Bank Leads £4m Investment in WealthOS

NatWest Group to Onboard Record 2,500 Entrepreneurs in September Accelerator Programme

Monzo reports first full-year profit amidst surging revenues

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