Lockdown Sees Fintechs Take Significant Market Share From Banks in Lending, With Open Finance Set to Level the Playing Field Further.
- 2 years 10 months ago
- Lending, Credit Cards, Banking
Data from ClearScore shows challengers and fintechs stealing share of lending market during Covid-19 pandemic ClearScore data suggests there are 9.3m credit customers ready to use open finance for their lending needs, 3.2m of whom are currently poorly served by the market Early adopters of open finance data-sharing are lower risk says ClearScore
Yeahka Invests RMB100 Ьillion to Acquire 60% Stake in Qianqianhui to Expand its In-Store e-Commerce Service Solutions
- 2 years 10 months ago
- E-Commerce, Payments
Acquisition expected to accelerate Company's exposure to local lifestyle services Yeahka Limited, a leading payment-based technology platform in China, announced today that it has agreed to invest RMB100 million in Dingding Cultural Tourism (Chengdu) Co., Ltd. (the parent company of Qianqianhui, "Qianqianhui") as registered capital and capital reserve of Qianqianhui. Following the acquisition, Yeahka will hold 60% of the enlarged share capital... more
Gen Z Set to Adopt Fintech Apps at Record Rates: 155% Growth from 2020 to 18.9 Billion Sessions in 2022
- 2 years 10 months ago
- Cryptocurrencies
Crypto is a significant driver of increased sessions in 2021 across the board. Among US Gen Z and Millennial users, the top three crypto-trading apps by time spent on Android Phone were Robinhood, Coinbase, and Wellbull Stocks (Sep 2021).
Countdown To The Finance Magnates London Summit
- 2 years 10 months ago
- Payments, FinTech StartUps, Financial
The Finance Magnates London Summit is taking place 16-17 November 2021 and key players in the finance space are preparing to meet in London. Since its launch in 2012, the London Summit has earned the trust of key finance and fintech influencers and is renowned for generating business, networking and the famous FMLS awards.
The European P2P Market on the Way to Diversity
- 2 years 10 months ago
- Cash management, Payments, P2P Lending
According to the Robo.cash corporate statistics, the social and geographic shifts of the investors' audience is expressing the growing market potential. The Robo.cash platform has significantly expanded its active investor base in 2021, representing a more than 70% growth. In addition to engaging an increasing audience, the market continues to penetrate various segments of the society. For example, the share of female investors on Robo.cash (... more
Klarna Launches the Money Talks Card Game to Encourage Open Conversations Around Money
The Money Talks card game will combine questions around money habits with a fun twist to help break the stigma around money
GoCardless, Zendesk and Hubspot Join Netflix, Airbnb and Spotify in Redefining the Future of Business at Leadership Event, Forward
- 2 years 10 months ago
- Payments, Credit Cards
Pleo announces new speakers from Zendesk, GoCardless and Hubspot for virtual leadership summit “Forward” to celebrate, challenge and inspire the future of business leadership Forward is a one-day conference featuring 25+ speakers and 15+ sessions focusing on business leadership, product innovation and people management.
Cyber Budgets Actually Shrank During the Pandemic, Despite 79% of UK Enterprises Having Experienced a Serious Incident
- 2 years 10 months ago
- Cryptocurrencies, Consultancy
Cyber consultants call on businesses to act now, or risk budgets shrinking further in ‘real terms’ during 2022 – leading to increased cyber vulnerability
Blueprint for All Partners with American Express to Help Young People with Diverse Ethnic Heritage into Financial Services
- 2 years 10 months ago
- Payments
American Express offering virtual workshops, mentoring opportunities, work experience and a toolkit to help people into the industry Blueprint for All has partnered with global payments company and credit card provider, American Express, to deliver a specialised Financial Services programme for its members. The course is designed to provide 18–30 year olds living in the UK from a diverse ethnic heritage with the expertise, advice and network to... more
Volt Launches in Brazil to Accelerate Global Open Banking Payments Revolution
- 2 years 10 months ago
- Payments, Infrastructure
Volt launches in Brazil to accelerate global open banking payments revolution Leading open payments fintech targets LATAM region as next strategic growth market
Vayana Network Raises INR 283 Crore in Series C Funding Round
- 2 years 10 months ago
- Payments
India’s largest trade finance platform, Vayana Network, announced the raising of INR 283 crore in Series C funding round. Vayana saw participation from existing and new investors, including Chiratae Ventures, CDC group, Jungle Ventures, March Capital, Marshall Wace and some of the large family offices from India and abroad.
CryptoUK Appoints Rob McWilliam as non-executive Director
- 2 years 10 months ago
- Cryptocurrencies
CryptoUK, the trusted voice of the UK crypto industry, has today announced the appointment of Rob McWilliam as its new non-executive director (NED). Mr McWilliam has held executive roles at two of the most customer-centric businesses in the world, as finance director and vice president of Amazon UK and most recently as chief financial officer of Asda Walmart. A qualified accountant and experienced NED, Mr McWilliam has current non-executive... more
Lightyear Partners with TrueLayer to Deliver Instant Investment Account Funding with Open Banking Payments
- 2 years 10 months ago
- Open Banking, Payments
Lightyear is a new investment platform combining multi-currency accounts with access to global markets so customers can invest without hidden fees. Collaboration with TrueLayer delivers instant account funding using the market-leading open banking platform.
PlugwalkJoe Indictment Directly Rebuffs Claims that Crypto is Still Wild West
- 2 years 10 months ago
- Payments, Cryptocurrencies
In the immediate aftermath of the Squid Game token scam, in which many crypto antagonists alluded to the lawlessness in the cryptosphere, Joseph James O’Connor, also known as PlugwalkJoe, was indicted on charges including conspiracy to commit computer hacking, conspiracy to commit wire fraud, conspiracy to commit money laundering, and aggravated identity theft as part of his role in stealing nearly a million dollars’ worth of cryptocurrency... more
Sia: Consolidated Financial Results at 30 September 2021 Approved
- 2 years 10 months ago
- Payments, Credit Cards
Revenues of €589.1 million (+12% YoY) EBITDA of €237.3 million (+21.7% YoY) Issuing and acquiring transaction volumes back to pre-Covid growth levels In the third quarter of 2021 revenues of €207.5 million (+9% YoY) and EBITDA of €91.6 million (+12% YoY), confirming the growth trend of the volumes processed
