Covid-19 has had an impact across all industries and businesses are feeling the sting. However, is it equally devastating within every sector? As industry and individual concerns grow during the inevitable economic crisis, financial services are seeing an increase in demand as everyone attempts to stretch every penny as much as possible.

Xignite, Inc., a provider of market

Finch Capital issued its annual State of European FinTech report for 2020.

Leading UK anti-money-laundering (AML) firm SmartSearch has opened its first office in the USA just two months after starting operations across the Atlantic.

Building on the success of the initial launch, SmartSearch has confirmed it will have a presence on the ground in the western state of Utah. Recruitment is now underway for a team to support the office head Chad Rawlings, with group support from international strategy director Martin Turvey.

Rackspace Technology™ (NASDAQ: RXT), the multicloud expert, has supported gohenry with its global growth plans by migrating its IT environment to Google Cloud, delivering enhanced security and scalability for the next-generation money app.

Intelliflo has launched Open Banking to all customers, enabling them to provide their clients with a holistic view of their entire financial portfolio in one secure place.

A recent study conducted by the European P2P lending platform Robo.cash has named positive profits in 2019 and work with affiliated loan originators as the 2 key factors for P2P platforms’ success during the crisis. Remarkably, interest rates, funding volumes and the platforms’ experience do not play big roles here. 

As the UK marks six months since the country went into lockdown, Masthaven Bank has today revealed the extent of its support for its intermediary partners and customers throughout the COVID-19 crisis. Since March, the specialist lender has paid £1.4m in commission to its intermediary partners, providing vital financial support to these individuals and businesses.

UK-based global FinTech business Paysend today announced record growth figures after it was revealed last week that the Royal Mint will be discontinuing certain lines of coin production for 10 years. As a result of the coronavirus pandemic, coins have seen a steady decline in usage, resulting in the decision to stop producing £2 and 2p coins for the next ten years.

A CFD or contract for difference is a financial product that allows a trader to speculate on asset classed without owning a portion of the underlying asset. A CFD trade is not an investment but high-risk speculation that carries the risk of losing all your money very fast.