Category Archives: News

News Items should have this category to tell them apart from Stories

Still Getting Away With Great Savings Robbery

Savers have had a miserable few years. We have characterised this period of very low yields on deposit accounts as the Great Savings Robbery. Little is changing in this respect, as our friends at Altfi report: Digital banking service Revolut today announced it’s introducing interest rates on savings vaults for its non-fee paying customers. The fintech is […]

VC Investors Make FinTech Play

Is there gold in the digital hills? Some of the smartest (some might say “most avaricious”) minds aroundk seem to think so. Our friends at Altfi report on the rush to invest in the FinTech sector: Two of the UK’s most prolific venture capital firms, Index Ventures and Dawn Capital, both announced funding rounds yesterday as they […]

Altfi Sector Benefits From Covid Cash

The UK government has, quite rightly, been throwing money at the UK economy and its financial sector to ameliorate the drastic effects of the Covid-19 pandemic. Our friends at Finextra report on the latest twist in this particular monetary tale: Starling Bank, Virgin Money and TSB are to be the beneficiaries of a £29.6 million […]

Another Long, Hard Look at Cryptos In Wake Of Shock Departures

As a follow-up to yesterday’s story of high-profile departures in the world of cryptocurrencies, we note another comment from a member of the legendary Kroll agency,  run by our friends at The Fintech Times. Over time, and certainly in the past year, with good reason, cryptocurrency has changed by association from being a salacious method […]

High-Profile Departures Shock Crypto World – But Not The Market

There’s news of two departures for two different reasons in the cryptocurrency sector. One of the high-profile figures leaving is a co-founder of Dogecoin – founded as a joke and subsequently ramped high by Elon Musk (Why? Perhaps simplybecause, with his millions of social-media followers, he could…). The shock waves of the abrupt resignations are […]

UK SMEs Have Renewed Appetite For Unsecured Credit

Another side-effect of Covid-19? There’s no point in speculating as to the reasons, the facts themselves are interesting enough. UK small- and medium-sized enterprises (SMEs) are hungrier than ever for unsecured credit. Money&Co. has strict criteria for lending, and requires security before agreeing to facilitate a loan. Our friends at Crowdfundinsider report: The iwoca SME Expert Index […]

Central Banks Move To Act In Concert Over CBDCs

More news reaches us of the attempts to popularise digital accounts with central banks. Central Bank Digital Currencies (CBDCs) are not cryptos, rather an electronic account with a central bank. The latest move, as reported by our friends at Finextra, is for international co-operation between central banks. The Monetary Authority of Singapore and the Banque […]

Swiss Central Bank Nudged Towards CBDC Launch

The Swiss government gets a prod from its own banking association on progress towards a Central Bank Digital Currency (CBDC). As regular readers of this News section will be aware, we have pointed out that CBDCs are digital, but not crypto-currencies. A British CBDC (Britcoin – it’s in development) would mean effectively having a bank […]

Funds Flow To Hot FinTech Sector

It’s deal time in the Fintech sector, with IPOs and funding rounds coming to the market, as previously reported here, in profusion. Our friends at Altfi offer reports of two major recent deals. Lending platform CrowdProperty has bagged a £300m five-year institutional funding line with a new unnamed UK asset manager. The latest investment is designed to […]