The remarkable and rapid technological wave that has given rise to fintech and one of its biggest segments, online lending platforms, is showing no signs of slowing.

Fintech-powered financing is making business lending more affordable, more available and faster. The forces behind it are likely to gain momentum over the next couple of years as the industry continues to broaden its offerings, tap deeper into big data and mine partnerships with traditional banks that partner with fintechs to bring next generation services to their clients.

Open Banking Expo will bring together the innovators, disruptors and visionaries who will shape the future of Open Banking. Leaders and experts from financial services, fintech and regulation will reveal  lessons learned from year one and what Open Banking 2.0 looks like.

Under the SberData project (Sberbank's initiative on processing and analysing big data), Sberbank has researched the consumer lending market: wage dynamics, interest rates, period and amount of loans, refinancing, expense structure and other aspects. The fast growth of retail loans over the past two years caused concerns over a possible bubble on this market.

Data of Sberbank, Bank of Russia, Rosstat and lending bureaux don’t support the concerns: the lending growth was objective and has not yet been exhausted.

“When the CMA launched this report six months ago, it seemed a natural fit when most customers rated a bank without any branches, First Direct, as the one they would recommend to their friend for online and mobile banking services. Barclays has now taken the number one spot, however, reflecting the fact that traditional high street banks recognise the importance of online and mobile, and are working to deliver stronger customer experience across all channels.

 Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed Tezos XTZ to its App and is exploring st

All Work & Social, the operating company behind XYZ Work and the recently launched XYZ Social in Spinningfields has partnered with biometric payments provider, Fingopay.

From Autumn, members and visitors to All Work and Social’s XYZ building will be the first in the UK to pay for food and beverage with just a scan of their finger, using VeinID technology. The integration will  make transactions easier, simpler and safer by removing the need for carrying cash, cards, ID or smartphones.

Capital Markets technology specialist Neueda has partnered with Levyx Inc, a leading big data system software provider, to vastly increase data processing capacity for the Python community. 

Through the new Helium™–Python interface, Neueda and Levyx have significantly increased Python’s utility, offering increased efficiency and effectiveness to users within financial markets and beyond.  The product has been released by Neueda for use via https://github.com/blu-corner – the home of all Neueda’s Open Source software.

UK households and their insurers need to be on alert for rising levels of theft, according to the digital home insurer Policy Expert, whose analysis of claims and crime data suggests a growing risk to consumers.

Figures for the first half of 2019 show that theft or attempted theft now make up one in five (20%) of Policy Expert’s accepted home insurance claims. This is the highest percentage recorded in the last seven years, up from 18% in 2018 and 15% in 2013.

Revolut for Business has today launched a new Expense Management tool, designed to help growing businesses by removing the hassle from handling expenses. The innovative fintech has created a simple and intuitive tool with everything in one place, ensuring that no card expenses will be unaccounted for.  

Business owners now have the ability to easily approve or reject team expenses, an area that has traditionally been difficult to manage. These processes are often prone to error, time-consuming and require businesses to manually import and match data across multiple tools.

Thomson Reuters today announced a global RegTech competition designed to provide early stage start-ups in the legal, tax and regulatory space the opportunity to partner with one of the industry’s leading providers of business information services. Start-ups in these areas are invited to apply by September 9, 2019 by visiting http://www.tr.com/trregtech2019.