The days of the “challenger” banks are surely soon to end. Quite simply, the FinTech challengers are set to become the champions. Our friends at UK TechCrunch report the latest and most significant big deal in the sector: Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller […]
The tumult of news continues. Some of the FinTech sector’s players are jockeying for position ahead of the return of whatever it is we’re going to call normality once the Covid-19 epidemic has abated. Our friends at AltFi have an exclusive on the latest FinTech outfit to join the government’s various SME funding initiatives: Nucleus […]
The challenger banks have issued their challenge and are engaging in battle. The latest news on the leader of the challenger banks, Revolut, is reported by our friends at AltFi. In a post-Brexit world, the banking launch is a two-stage process. There’s much more news to come from this part of the financial-services world. Revolut has […]
Ron Kalifa, a non-executive director of the Court of Directors at the Bank of England and the vice-chairman of WorldPay, has produced a long-awaited report on FinTech. Below we offer a snippet of coverage by our friends at AltFi. The executive summary can be found here. The full report can be found here. In a move that […]
Just about everyone’s heard of Bitcoin – but relatively few know how to buy and hold it. Hot and cold wallets, forks, and coin exchanges… It’s all a far cry from calling up a financial adviser and placing an order for a mainstream financial product. The process of change, ie of increasing normalisation, does however […]
One of the recurring theme in this News section is the rise if the robots in the world of financial advice. The latest snippet come from Goldman Sachs, whose relaunch of its savings account, Marcus, recently featured here (a relatively attractive rate for a saving accont of 0.5 per cent AER compares to today’s newly […]
We have asked in these News pages whether the open door to open banking might lead to an empty room. The room is definitely not empty, as the queue to get in lengthens steadily. Our friends at AltFi report the latest: Trade Ledger, an open banking fintech helping banks and alternative lenders make credit decisions, has […]
More for Monzo may sound like a 1980s sitcom title, but it’s actually a news item that shows yet again the weight of money headed into alternative finance. Finextra reports: Monzo is raising a further £50 million in equity funding from existing shareholders and one new investor, Silicon Valley firm Octahedron Capital. The new capital, […]
The leading asset class so far this year? Irony, apparently… AltFi runs a leader that’s both pithy and witty. We have our own views on the democratisation of finance – specifically as manifested in tokens and digital currencies – and we’ll be bringing these to you in a series of blogs shortly. Meanwhile, read and […]
More signs of the intense competition – or should that be undignified scramble? – that is the urge to get in to the modern banking space. Our friends at AltFi run a report containing a couple of bouquets – and a brickbat for a leading player: Open banking provider Yapily has today exposed the range of open […]