British Business Investments commits £10m to Startup Funding Club
- 5 years 10 months ago
- Investment, FinTech StartUps
British Business Investments Ltd, a commercial subsidiary of the British Business Bank, has announced a new commitment under its £100m Regional Angels Programme, committing £10m to Startup Funding Club Limited (SFC). The commitment will be managed by SFC and invested alongside the SFC SEIS & EIS Funds as well as the SFC Angel Network. SFC intends to deploy the commitment in over 100 early stage businesses across the UK to deliver almost £40m...
Brits Give Back: Revolut Data Shows Big Spikes In Charitable Donations During Lockdown
- 5 years 10 months ago
- Covid-19, Data
Revolut, the Financial Super App with over 10 million customers in the UK and Europe, has today revealed figures highlighting a swell in charitable giving among UK consumers during the COVID-19 pandemic. The proprietary Revolut data has been gathered from 3 million UK Revolut customers, comparing stats from January and February 2020 to data since COVID-19 began to impact UK consumers from 1st March 2020. Donation amounts increase across all age...
TransLink.iQ and Ingenico terminals for Azer Turk Bank
- 5 years 10 months ago
- Payments, Banking
The Azerbaijani state-owned bank Azer Turk Bank has procured a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by Lithuanian company ASHBURN International. The company also provided the bank with the country's first payment terminals manufactured by Ingenico.
World Fintech Report calls for closer bank-fintech collaboration
- 5 years 10 months ago
- Banking, Infrastructure
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Yolt announces API connection with Nutmeg
- 5 years 10 months ago
- Payments, Banking
Yolt, the smart thinking money app, has today announced a new API connection with Nutmeg, the digital wealth and investment manager. The connection means that Yolt users with a Nutmeg investment account can now see their portfolios directly within the Yolt app, alongside their other current accounts, savings, credit cards, pensions, and other investments. Yolt users can analyse all their transactions across their accounts, plan budgets, monitor...
Technology key to engaging ‘Alexa generation’ and bridging equity release advice gap, study suggests
- 5 years 10 months ago
- Artificial Intelligence
Emerging technologies such as artificial intelligence (AI) could play a key role in supporting retirees with the initial stage of equity release planning and help prepare them for conversations with an adviser, new research has suggested.
EIS and PwC launch Intelligent Insurance Ecosystem Initiative
- 5 years 10 months ago
- Insurance
EIS Group announced the launch of an intelligent digital insurance ecosystem initiative in collaboration with PwC. The new ecosystem will combine agility with insights to enable market differentiation and deliver best-in-class customer experience. This will allow insurance companies taking a greenfield approach to get closer to their customers and better understand their needs as people, rather than policy numbers.
Trustonic Security to be Implemented in LG Mobile Smartphones
- 5 years 10 months ago
- Security
Mobile device and app security leader Trustonic has extended its partnership with LG Electronics Mobile Communications Company, which will see Trustonic Secured Platform (TSP™) deployed on LG’s smartphones.
mthree appoints head of client services covering global operations
- 5 years 10 months ago
- People Moves
Tech talent specialist, mthree, has appointed Justin de Ferry as head of client services, to cover its global operations. Justin has more than 20 years experience in recruitment and executive search, working in both London and New York during his career, where he founded and established Boundary Talent International, before joining mthree.
MuchBetter partners with TrustPay to develop innovative transfer solutions
- 5 years 10 months ago
- Payments
MuchBetter, the award-winning payments company, has today announced a partnership with TrustPay to develop innovative bank transfer solutions. The collaboration will give MuchBetter the ability to seamlessly combine electronic wallets with conventional banking flows. This will allow customers to create individual, single-purpose IBANs within the MuchBetter ewallet, enabling outbound and inbound payment flows to designated recipients.
European Fintech Curve discovers innovative way to help customers free up more cash during lockdown
- 5 years 10 months ago
- Covid-19, Payments, Banking
Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, now allows customers to move past payments onto a different card for up to 90 days after the payment has been made.
Over half of surveyed organisations expect their mobile workers to expose them to the risk of a data breach
- 5 years 10 months ago
- Data
More than half (57 percent) of UK IT decision makers still believe that remote workers will expose their organisation to the risk of a data breach, according to an annual survey – conducted between 25 and 27 March 2020 – commissioned by Apricorn, the leading manufacturer of software-free, 256-bit AES XTS hardware-encrypted USB drives. This figure has inclined steadily from 44 percent in 2018 and 50 percent in 2019.
Global financial crime-fighting body backs digital onboarding call
- 5 years 10 months ago
- AML and KYC, Financial
The Financial Action Task Force (FATF), the multinational body charged with setting the global approach to fighting money laundering and terrorist financing, has backed a call by leading Regtech firm SmartSearch for businesses to employ digital customer onboarding processes.
LHV onboards one of the world’s fastest growing international money transfer companies: TransferGo
- 5 years 10 months ago
- Payments
LHV, the financial and payment services provider, is pleased to welcome London-based money transfer company TransferGo as its latest client. LHV will provide TransferGo, which is one of the world’s fastest growing money transfer companies, with payment infrastructure, providing access to real time Euro and Sterling payments via Single Euro Payment Area (‘SEPA’) Instant and Faster Payments schemes respectively.
Tink study: UK financial institutions amongst most positive in EU toward open banking
- 5 years 10 months ago
- Open Banking
New data published by open banking platform Tink reveals that financial institutions in the UK are embracing the open banking opportunity more readily than their European counterparts. The survey, based on 290 senior decision makers at financial institutions in 12 European countries, found that three quarters (74%) of UK financial institutions today say they are positive about open banking, compared to a European average of 61%.
