The COVID-19 pandemic has revealed the shortcomings of a number of traditional financial institutions, especially as related to digital transformation. Here are 4 digital transformation lessons they need to embrace …
Read More »Capitalise.com launches coronavirus platform for small businesses
Capitalise.com, a FinTech based in the United Kingdom, has launched a centralized application platform to help small businesses amid the COVID-19 crisis. The platform aims to provide small businesses with …
Read More »Banco Santander launches data science apprenticeship program
Banco Santander in the UK is offering a first-of-its-kind data science apprenticeship to non-graduates. The program, being operated in conjunction with WhiteHat, will allow the bank to build a pipeline …
Read More »Shocking amount of unstructured and unused data in the U.K.
According to research conducted by Crown Records Management, as many as 59% of data across U.K. organizations is unstructured. Moreover, 40% of it is dark (unused). This is not surprising …
Read More »Startup Cleo moves beyond simple banking application to financial advisor
A seemingly infinite number of startups and simple banking applications offer users the ability to easily track and view their spending habits. But English startup Cleo is taking this a …
Read More »Revolut launches stock trading platform
British FinTech firm Revolut is jumping into the online brokerage space with its own commission-free stock trading platform, which is being run in partnership with U.S. broker DriveWealth. The company …
Read More »Open banking in the UK: one year out
In January 2018, the United Kingdom (UK) launched open banking to improve the way finances in the UK are managed, borrowed, saved and invested. Now, more than one year on, …
Read More »73% of British SMEs don’t understand what open banking is
A survey of 1,000 small- and medium-sized enterprises (SMEs) carried out on behalf of iwoca (a leading British FinTech) found that nearly three quarters (73%) were unable to identify what …
Read More »The beginning of the open banking era in the UK
Open banking reforms are now over one year old in the United Kingdom (UK). In this relatively short period of time, 67 firms have begun using open banking technology. Moreover, …
Read More »The FinTech skills crisis in the UK
A 2016 study by KPMG and H2 Ventures found that London hosts 17 of the top 50 international FinTech companies; however, much of the talent at these companies (42%) comes …
Read More »The Brexit effect on FinTech in the United Kingdom
Many wonder how Brexit will impact the United Kingdom’s FinTech sector, especially given recent data that suggests nearly 42% of FinTech employees in the United Kingdom come from abroad. In …
Read More »London retains title as top European city for FinTech
In 2018, tech firms in London raised over GBP 1.8 billion in venture funding and public listings, higher than anywhere else in Europe and reinforcing London as a major destination …
Read More »Scotland’s FinTech Skills Academy hailed as great success
The pilot of Scotland’s new FinTech Skills Academy, which was announced in September 2018, has been hailed as a great success as the first class (Introduction to the Retail Card …
Read More »Startups and London in the wake of Brexit
Despite concerns over the impact of Brexit, many startups are not willing to give up on London and its rich business networks and strong financial flows. At the same time, …
Read More »Brexit’s impact on FinTech in the UK and the EU
The full-scale implications of Brexit are unclear for a number of industries, including the FinTech industry. Dr. Joanna Perkins of the Financial Markets Law Committee (FMLC) outlined six key areas …
Read More »2019 FIRST Cyber Threat Intelligence Symposium
The 2019 FIRST Symposium on Cyber Threat Intelligence will be held March 18-20, 2019 in London. The Symposium, hosted by BT and Digital Shadows, will feature one day of training …
Read More »DT Fraud Conference 2019 – banking and payments
The pace of change is a constant challenge for the financial industry, with consumers constantly on the lookout for new, exciting and attractive offers. DT Fraud Conference 2019 will examine …
Read More »London opens cybersecurity advancement center
The London Office for Rapid Cybersecurity Advancement (LORCA) has opened in East London. The center, which will be run by the technology innovation center Plexal, was opened with the intentions …
Read More »UK regulator proposes new rules on crowdfunding
The United Kingdom (UK)’s Financial Conduct Authority (FCA) has unveiled some new proposed measures following a post-implementation review of its crowdfunding rules. The FCA says it has observed “some poor …
Read More »Bank of England to open new blockchain-based payment system
The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service …
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