FinTech - Page 5

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

Mastercard introduces “Crypto Credential” a service to simplify cryptocurrency transfers

Mastercard has launched this week “Crypto Credential” a service aimed at simplifying peer-to-peer cryptotransfers. The service replaces traditional alphanumeric blockchain addresses with simple aliases, making transactions more accessible and secure for

May 31, 2024

Crypto·FinTech·TechCurrent

UK Approves First Crypto Exchange Traded Notes on London Stock Exchange

The UK’s Financial Conduct Authority (FCA) has approved the first crypto exchange traded notes (ETNs) to be listed on the London Stock Exchange (LSE). The approval marks a significant institutional boost

May 29, 2024

FinTech·Regulation·TechCurrent

FilmChain Secures £2.8M Funding for Expansion

London-based FilmChain has successfully raised £2.8 million in funding to bolster its operations. The funding round, led by Holt IntersXion fund and backed by investors like Roca X, DeBa Ventures, TechAngels Romania,

April 22, 2024

Business·FinTech

Zopa Bank Reports First Annual Profitability, Targets UK Current Account Market

British fintech company Zopa Bank has achieved annual profitability for the first time, marking a significant milestone since its launch in 2020. The digital bank reported a pre-tax profit of £15.8m for

April 18, 2024

FinTech

Decoding the Dip: Tracxn Reveals 19% Drop in UK Startup Funding

UK startup funding fell by 19% in Q1 of 2024, hitting late-stage investments hardest, according to Tracxn. Total raised: $2.5bn compared to $3.09bn in Q4 2023. Tracxn’s quarterly report highlights an 18%

April 2, 2024

FinTech·TechCurrent

Tide Expands into Germany: A New Milestone in SME Financial Services

London-based financial services platform Tide is set to launch in Germany, extending its suite of offerings to small and medium-sized enterprises (SMEs) in Europe’s largest economy. Tide, renowned for its array of

March 13, 2024

FinTech

Recap Secures Innovate UK Grant to Revolutionize Crypto Asset Management

Lincolnshire-based company, Recap, is making waves in the world of cryptocurrency with its recent success in securing a £300k grant from Innovate UK. This milestone achievement propels Recap into an exciting phase

March 11, 2024

FinTech

Monzo’s Funding Round Propels Valuation to $5 Billion, Alphabet’s CapitalG Takes the Lead

Monzo, the British fintech bank founded in 2015, has achieved a new milestone, securing a fresh funding round totaling $430 million (£339 million), spearheaded by Alphabet-owned CapitalG. This investment has propelled the

March 5, 2024

Business·FinTech

Monese Faces Uncertain Future as Losses Widen and Funding Concerns Mount

The fintech sector in London is grappling with a severe cash crunch, as evidenced by the recent warning issued by Monese, a City-based unicorn that offers current account and money transfer services.

January 2, 2024

FinTech·TechCurrent

HSBC UK Bolsters Tech Innovation with £100 Million Boost to Growth Lending Fund

To fortify its commitment to fostering innovation within the UK’s burgeoning tech sector, HSBC UK has announced a substantial injection of £100 million into its Growth Lending Fund. This move comes as

December 21, 2023

Business·FinTech

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FinTech - Page 5

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

Mastercard introduces “Crypto Credential” a service to simplify cryptocurrency transfers

UK Approves First Crypto Exchange Traded Notes on London Stock Exchange

FilmChain Secures £2.8M Funding for Expansion

Zopa Bank Reports First Annual Profitability, Targets UK Current Account Market

Decoding the Dip: Tracxn Reveals 19% Drop in UK Startup Funding

Tide Expands into Germany: A New Milestone in SME Financial Services

Recap Secures Innovate UK Grant to Revolutionize Crypto Asset Management

Monzo’s Funding Round Propels Valuation to $5 Billion, Alphabet’s CapitalG Takes the Lead

Monese Faces Uncertain Future as Losses Widen and Funding Concerns Mount

HSBC UK Bolsters Tech Innovation with £100 Million Boost to Growth Lending Fund

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