UK Fintech News Roundup: The Latest Stories 04/10
Every Wednesday, we delve into the latest fintech updates from across the UK. This week brings updates from Leatherback, Hays, FinTech Scotland, TransUnion and VirtualSignature-ID. Leatherback launches remittance services in the UK Leatherback, a new neo-banking platform for individuals and businesses, has launched its mobile app in the UK, aiming to make it easier for […]
Nigeria Sets Sights on Drastic Digital Transformation by Training 3 Million in Tech
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has announced a plan to train three million Nigerians with technical talents in the next four across. Tijani unveiled the new strategic blueprint, ‘Accelerating our Collective Prosperity through Technical Efficiency’, as part of the Ministry’s aim to accelerate the diversification of the Nigerian economy by […]
Saga and Flagstone Team Up for Over-50s Fintech Savings Platform
Saga, the UK-based specialist in services for individuals aged 50 and above, has partnered with Flagstone, a UK cash deposit platform, to launch a savings platform tailored specifically for the over-50 demographic. This collaboration sees the introduction of a Saga Savings Platform, powered by Flagstone‘s technology and its extensive network of over 50 UK cash […]
Groups That Struggle With Creditworthiness Supported by Fuse Income Verification
Gig economy and self-employed workers can struggle with credit assessments due to a lack of traditional credit. Looking to help this sector, and others that might struggle to show creditworthiness, AI-powered transaction analytics firm, Fuse, has introduced a new income verification tool. The Fuse tool provides lenders with detailed insights and probabilistic estimates into the […]
£50,000 is Not Enough To Ensure Security Confidence in the Financial World
Nearly one in four (23 per cent) businesses think their cybersecurity budget is too small to truly protect them from growing cyber threats, reveals iomart and Oxford Economics. This is despite the fact over a third of financial organisations spend more than £50,000 on cyber protection a year. In its report of 500 UK businesses […]
Em Conversa: Redefining Credit in Chile With Banca Ética Latinoamericana
Em Conversa looks to uncover the secrets in Latin America (LatAm) that have caused the fintech market to boom, from being worth less than $50million in 2016, to $2.1billion in 2022. Sebastian Cantuarias, CEO of Banca Ética Latinoamericana The lending market is rapidly developing in LatAm, and Chile is no different. Having expanded to the UK earlier […]
Digital Assets Clarity a Top Priority for DIFC as it Announces Consultation on Laws
Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, has proposed to enact a Digital Assets Law, a new Law of Security and related amendments to select existing legislation to cater to the requirements of the DIFC’s proposed digital assets regime to other DIFC laws. […]
News & Views Podcast | Episode 129: UK Grant Schemes, ESG Assurance & Coinbase
This week on the podcast, Polly, Tom and Francis discuss new research from KPMG that found firms worth under $5billion need more help in ESG assurance than larger ones, and how Coinbase has registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. Discussion points include: -Can fintech provide a solution […]
Lucy’s Resilience: StreamMind Paves the Way to Securing Instant Payments
The demand for instantaneous transactions has grown exponentially, with instant payments gaining traction as a preferred mode of financial interaction. As consumers and businesses embrace the speed and efficiency of instant payments, it becomes imperative to establish a secure environment that upholds trust and integrity. Nicolas Muhadri, CEO of deep tech innovator Streammind, addresses the […]
The UK Consumer is Ready to Spend 44% More With Retailers They Trust; Forter Reveals
UK consumers would willingly spend up to 44 per cent more on average with a retailer they already trust; while 77 per cent would completely abandon a purchase if the checkout experience is too complicated. The data comes from fraud prevention technology provider, Forter, which has launched its first annual ‘Consumer Trust Premium Report‘ research, analysing […]
