Onwards into a summer fraught with short-term political intrigue – and plenty of financial uncertainty in the medium term for UK small businesses. Our friends at Crowdfundinsider report: Tide, a Fintech providing banking services to small businesses, has issued a warning that the UK could be in store for a challenging business environment as […]
Let’s forget, if we can, the nonsense and instability surrounding the UK and its politics. Looking at FinTech as a separate village industry, the UK’s sector offers shelter, harmony and peace. More or less, anyway. Our friends at Altfi report: The UK has taken the top spot in a league table ranking open banking adoption […]
Regular readers will know that we see the quiet revolution happening outside our windows in the shape of cryptocurrencies as an important part our reporting remit. Witness the many News stories and Blogs. Having settled a small slice of home business, with the successful £300 loan auction by litigation finance providers Harris&Co. last week, it’s […]
As we reported yesterday, the Global COVID-19 Fintech Impact and Resilience Study, published by the Cambridge Centre of Alternative Finance (CCAF), the World Bank Group, and the World Economic Forum, has concluded that the FinTech industry was more resilient to the pandemic than previously stated in an earlier report from December 2020. Money&Co. was one […]
The Global COVID-19 Fintech Impact and Resilience Study, published by the Cambridge Centre of Alterative Finance (CCAF), the World Bank Group, and the World Economic Forum, has concluded that the fintech industry was more resilient to the pandemic than previously stated in an earlier report from December 2020. Money&Co. was one of 1,448 fintech platforms […]
The conventional wisdom – ie, widely accepted foolishness – is that we in the UK are hurtling back to the 1970s. Economic stagnation, coupled with inflation and general discontent are certainly on the scene. And now, after years of pretty much non-existent returns, cash deposit savers are getting a break, with new accounts offering some […]
The epithet “trailblazer” is often overused. But our colleagues in the alternative finance sector, Starling Bank, richly merit the name. There’s an arguably unresolved issue over governmental Covid-recovery loans (our view of the allegations is clear enough from our coverage – and from the lack of fire following the somewhat dubious smoke). Nevertheless, Starling remains […]
The day will shortly dawn when the distinction between “alternative” and “mainstream” finance becomes meaningless. The established banks are stampeding into digital banking, open banking and the like. Meanwhile, “alternative” financial institutions – a category that includes Money&Co. – are seeking to broaden their product ranges to high-street levels. Our friends at Altfi report the […]
We start the week with a snippet of news from over the Irish Sea. Ireland is probably behind the UK in the adoption of payment apps, but the gap has narrowed. Our friends at Finextra report. “A payments app developed by Ireland’s high street banks to compete with the likes of Revolut has been given […]
It’s an open market, but it’s not a free-for-all. News reaches us of the rising tide of participants in the open banking market. Our friends at Altfi report: Less than four months after reaching a milestone of 5 million open banking users, the UK has hit a new record of 6 million users. The industry has clearly […]