Over the last decade, business peer-to-peer lending, also known as crowdlending, has become an appealing alternative financial source for many European companies. Although lending platforms are not immune to the disruption caused by the pandemic, the latest data show that P2P investments may be unrelated to the stock market slides caused by the coronavirus outbreak. […]
This weekend a team of self-isolating entrepreneurs from London’s burgeoning fintech sector – built a proof of concept which aims to support the UK’s 5m self-employed in the COVID-19 economic crisis. The idea allows a self-employed person to self-certify and evidence their loss of income due to coronavirus through a web site. The service then […]
The increasing number of mobile phone users and the massive growth of e-commerce have led to the rapid adoption of digital payments all over the world. Cashless payments have become an appealing alternative to many European consumers, as well, causing a significant impact on the payments industry traditionally dominated by cash, credit cards, and debit […]
iwoca, one of Europe’s largest business lenders has today announced OpenLending, the new platform that – for the first time – can unify fintechs and banks to extend iwoca’s lending capabilities to over two million UK businesses. With 14 partners already integrated, OpenLending brings the finance ecosystem together, allowing fintechs, banks, brokers, accountants and bookkeeping […]
Beaming has advised UK businesses not to neglect cybersecurity when putting in place plans to enable widespread homeworking by their employees. Beaming’s annual survey of business leaders, undertaken in January 2020, found that almost half (46%) of UK employers, the equivalent of around 653,000 organisations, would encounter delays while members of staff got operations up […]
Starling Bank founder and chief executive Anne Boden said the business will to make its first monthly profit in “in January or February” of next year. This year is perhaps the most crucial in the well regarded bank’s short history. Boden has to manage expansion into Germany, France and the Netherlands, maintain the bank’s quality, […]
Synectics Solutions and Infoboss today announced a partnership that will see both organisations integrate their respective technology platforms, to broaden the reach of anti-fraud and financial crime activity, in both the public and private sectors, through the automated processing of unstructured data. Infoboss has developed innovative data mining and processing capabilities allowing for the collection, […]
The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has published its first report to address the issues from the second Payment Services Directive (PSD2). The report, made up of six contributed articles from leading industry figures, also gives practical feedback for the next iteration of the directive. […]
Metro Bank has announced a new partnership with award-winning Lending-as-a-Service (LaaS) provider ezbob to offer Metro Bank’s business customers fast, secure and competitive access to finance. The new service will help Metro Bank in delivering a seamless, end-to-end small business lending process enabling SMEs to apply for business finance online. Customers will be taken from […]
International money transfer start-up reaches the 1.5 million customer milestone with over 3,000 new users every day. UK-based fintech Paysend announced that their Global Transfers service has reached 1.5 million customers, despite only having been founded in April 2017. With roughly 300 million people globally sending money across borders on a regular basis, Paysend’s user […]
