Latest news

Plum Appoints Aditya Bagarka as Head of Strategy and Innovation

3 years 10 months ago
Insurance

Plum, an employee health insurance platform, today announced the appointment of Aditya Bagarka as Head of Strategy and Innovation. Bagarka joins from ICICI Lombard, where he spent over a decade and last served as Deputy Vice President – Wholesale Products, building their Startups & Affinity business. In his new role at Plum, he will focus on product innovation and will work with insurer partners to simplify and digitise the customer ...

UK Retail Investors Fight to Have Workers’ Rights Proposal Included at Amazon AGM

3 years 10 months ago
Trading Systems

Amazon is seeking to exclude a proposal on workers’ rights from their next Annual General Meeting (AGM). The proposal was submitted by activist investor platform Tulipshare on behalf of retail investors, and asks Amazon to commission an independent audit of the working conditions that Amazon workers face. Shareholders hope to leverage new SEC rules to engage with Amazon and, if successful, it could be the first time a retail investment platform...

Indebted Announces Senior Hires to Strengthen Product Offering

3 years 10 months ago
Artificial Intelligence

Pierre Bergamin (VP of Engineering) and Roger Almeida (Head of Product) will support InDebted’s scaling and expansion into new markets in 2022 InDebted, the fast-growing global fintech aiming to transform the consumer experience of debt, has today announced the appointments of Pierre Bergamin as Vice President of Engineering and Roger Almeida as Head of Product.

Diversity Is a Strategic Priority for 6 in 10 Start-ups

3 years 10 months ago
FinTech StartUps, IT Innovations

77% of start-ups that are recruiting are actively seeking diverse candidates Three quarters (74%) cite a barrier to hiring diverse talent, including lack of applications and candidates Start-ups say diversity improves innovation (73%), recruitment (58%) and commercial performance (56%)

Lending Industry Must Be Alert to Poor Consumer Outcomes as Millions Still Not Shopping Around for Credit

3 years 10 months ago
Lending

Fifteen million UK borrowers have a ‘poor understanding’ of how to compare loan costs • 40% who took out personal loans did not compare the rate available with other providers, and 23% did not know the “rough” APR on the loan they had taken out • Freedom Finance matches people to loans they are eligible for at the best possible rates

British Patient Capital Invests in Microbiotica

3 years 10 months ago
Investment

British Patient Capital has invested in Microbiotica, a personalised medicine specialist, as part of a £50m Series B funding round. The investment has been made via Future Fund: Breakthrough, our £375m programme where we co-invest with private sector investors in innovative, R&D-intensive UK companies. The round was led by Flerie Invest and Tencent, and included Cambridge Innovation Capital, IP Group and Seventure Partners.

The ‘Pink Tax’ Found to Be a Barrier for Women Investing in Long-term Savings

3 years 10 months ago
Lending, Payments

2 in 5 men and women believe it costs more to be a woman because of the ‘pink tax’ The majority of survey respondents believe it costs more to be a woman because women are under more pressure to consume than their male counterparts (46% female and 41% male) 14% of female respondents believe that life being more expensive as a woman is a key barrier women experience when saving for retirement, compared to 9% of male respondents

M-Pesa – 51 Million Users in 7 Countries – Turns 15

3 years 10 months ago
Transaction Banking

Vodafone, and its African subsidiaries Vodacom and Safaricom, are today, marking the 15th anniversary of M-Pesa, the service launched in March 2007 to enable money transfers between people using 2G feature phones.

Britishvolt Powers a Sustainable Future with Infor

3 years 10 months ago
Cloud

UK EV battery manufacturer invests in Infor CloudSuite Automotive for £3.8bn 38GWh Gigaplant Infor, the industry cloud company, today announced that battery pioneer Britishvolt, the UK’s foremost investor in battery cell technologies and research and development, has selected Infor CloudSuite Automotive to manage business operations at its £3.8 billion, 38GWh Gigaplant in Cambois, Northumberland, UK.

Payit by Natwest Successfully Makes Its First Variable Recurring Payment

3 years 10 months ago
Open Banking

The achievement enables NatWest to become the first UK Bank to successfully make a VRP using a Bank-owned Open Banking payments solution, Payit by NatWest VRP is set to revolutionize the way payments are made online and will replace traditional payment methods NatWest’s multi-award-winning open banking payments solution Payit, has successfully made its first Variable Recurring Payment (VRP) in a live environment.

Visa, Mastercard and American Express Suspend Operations in Russia

3 years 10 months ago
Payments, Banking

Visa, Mastercard and American Express have announced they will suspend all operations in Russia in protest at its invasion of Ukraine. But Russia's major banks have already downplayed the impact the move will have on consumers. Shoppers will still be able to use the cards for purchases within Russia until they reach their expiry dates. But Visa, Mastercard or American Express cards issued abroad will no longer work at shops or ATMs...

KoronaPay Partners With Clear Junction to Boost Its Presence in the UK Remittance Market

3 years 10 months ago
Payments

KoronaPay, the EU-based online money transfer service with over 13 million users worldwide, has partnered with Clear Junction, the global payments solutions provider, to offer its users

Babel Finance: 2021-2022 Crypto Asset Market Report

3 years 10 months ago
Cryptocurrencies

The research experts at Babel Finance's Hong Kong and Singapore offices are confident in the long-term worth of crypto assets. Crypto-asset markets are evolving fast, long-term Bitcoin(BTC) investors have reaped substantial gains since the currency's inception, and more and more conventional financial institutions are recognizing it.

ADDX To Appoint New CEO: Investment Banking Veteran Oi-Yee Choo Aims To Build Asia’s Largest Private Market Exchange And Record US$1 Billion In Transactions By 2023

3 years 10 months ago
Investment, Banking

The mission of ADDX is to democratise private market investing – expanding access from institutions to accredited individuals, and ultimately to retail investors, she says CEO Designate Oi-Yee Choo at the ADDX head office located at Aperia Tower One, Singapore Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS...