Latest news

Chase Launches New Saver Account with Market-leading 1.5% Rate

3 years 9 months ago
Digital banking

• Saver account combines a market-leading rate with a flexible and straightforward way to save • Customers can open multiple saver accounts to help reach their savings goals

Men Are Nearly Twice as Likely as Women to Feel Optimistic About Finances Despite Being More Reliant on Credit

3 years 9 months ago
Lending

A quarter of men in the UK have never felt more optimistic about their finances compared to just 15% of women However, men are more likely to need to borrow money within the next six months Men are almost twice as likely to be rejected by mainstream lenders, putting them at increased risk of falling into a debt spiral

Knowledge Bank adds Proportunity Criteria

3 years 9 months ago
Lending, Banking

Proportunity, the shared equity loan provider, has partnered with Knowledge Bank to make its products available on the industry leading criteria search platform for brokers. The Knowledge Bank criteria database is the largest in the UK, and contains over 135,000 individual criteria from over 270 lenders.

GoCardless on Today's CMA Open Banking Recommendations

3 years 9 months ago
Open Banking

In response to the news that the CMA has issued recommendations for the future of Open Banking, Nanna Saito Nielsen, VP of Banking Operations at GoCardless, said: “We’re glad to see the CMA has published new guidance on the future of Open Banking. It’s not so much a resolution, however, as it is a signal that we’ve entered a critical phase of Open Banking development. We can’t afford to lose focus now.

Banking as a Service Gains Unstoppable Momentum, Finastra Research Shows

3 years 9 months ago
Banking, Cloud

85% of senior executives surveyed are already implementing BaaS solutions or are planning to in the next 12-18 months

Ramp: $750 Million In Funding And $8.1 Billion Valuation

3 years 9 months ago
Fundraising News

Ramp recently announced it raised $750 million in funding at an $8.1 billion valuation.

Aircash Partners with Nuvei to Drive Further International Expansion

3 years 9 months ago
Payments

Nuvei Corporation, the global payment technology partner of thriving brands, announces today its partnership with Aircash, the leading Croatian mobile wallet.

Plaid Response to the CMA Future of OB Decision

3 years 9 months ago
Open Banking

Kat Cloud, UK Policy Lead, Plaid, responds to the CMA’s verdict on the future of Open Banking implementation: “Many months since the Open Banking Implementation Entity’s (OBIE) final roadmap was published, we’re finally learning more about the CMAs plans to support further development of the sector.

Open Banking Oversight Still Unclear Following CMA Update, says Yapily

3 years 9 months ago
Open Banking

Commenting on the latest announcement from the CMA on the future of Open Banking regulation, Maria Palmieri, Head of Public Policy, Yapily said: “Whilst it is encouraging to see further clarity from the CMA on the roll out of a Joint Regulatory Oversight Committee, many questions still remain around the future of Open Banking in the UK.

Property Versus Gold – Is It Time to Rethink Your Investment?

3 years 9 months ago
Investment

Property, as well as the housing market more broadly, has long been a lucrative, yet stable investment strategy. Similarly, gold is another traditional investment asset that allows for wealth protection, creation, and security during times of high inflation.

Barclaycard Reveals How Trading Figures Have Increased Two Years on From First Lockdown

3 years 9 months ago
Payments

Data from Barclaycard Payments, which processes nearly £1 in every £3 spent on credit and debit cards in the UK, shows that over the weekend (18-20 March 2022) transaction volumes increased in for a number of businesses, including:

Market Maker vs. Liquidity Provider: What is the Difference?

3 years 9 months ago
Trading Systems, Transaction Banking

Description: Market Makers and Liquidity Providers are the most common business models used by forex brokerage firms to operate. The next sections look at how each model works, as well as the benefits and drawbacks of each one.

NTT DATA UK CEO Simon Williams to Take on a New Challenge

3 years 9 months ago
People Moves

Today, NTT DATA UK announced that its current CEO, Simon Williams, will be leaving the business in pursuit of a new challenge. Williams has led NTT DATA UK for the past 5 years, more than doubling the size of the business and increasing its profitability by a factor of 10. He will remain as the CEO of NTT DATA UK until 31 March 2022.