Articles with tag: united kingdom

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British payment operator PayPoint sells Romanian operations

News | Online Payments | 22 Oct 2020

The UK-based cash and online payment operator PayPoint has announced it will sell its Romanian subsidiaries PayPoint Services and PayZone to the investment fund Innova Capital.

PayPoint, PayPoint Services, PayZone, PayPoint Romania, acquisition, Innova Capital, online payments, online payment operator, United Kingdom, UK

Flux, H&M partner to introduce digital receipts

News | E-invoicing, SCF & E-procurement | 16 Oct 2020

UK-based retailer H&M has decided to adopt digital receipts with the help of fintech Flux, according to AltFi.

Flux, H&M, digital receipts, retailer, Europe, United Kingdom, fintech, partnership, fashion, fast food, Schuh, Giraffe, KFC, Just Eat, banks, Monzo, Starling, Barclays, fintech accelerator, Barclays Rise, startup, Launchpad

UK banks to rise the cost of credit card borrowing, Bank of England says

News | Cards | 16 Oct 2020

Bank of England has revealed rising rates in approach to Christmas and lenders’ plans to restrict loan products soon.

bank of England, cards, credit, mortgage, lending, industry survey, credit card borrowing, credit cards, cards, UK, United Kingdom

Fintech Laybuy partners with Manchester United

News | Payments General | 14 Oct 2020

New Zealand-based Laybuy has teamed up with Manchester United to become the football club’s official buy-now-pay-later partner, according to AltFi

Fintech, Laybuy, Manchester United, New Zealand, United Kingdom, UK, buy now pay later, partnership, football club, interest-free, payments, retail platforms, Premier League, Australia, stock exchange, IPO, coronavirus, pandemic

OakNorth Bank approves GBP 1.1 bln in new loans

News | Payments General | 13 Oct 2020

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

British consumers to prefer platform banking, study

News | Online & Mobile Banking | 09 Oct 2020

Deposit Solutions have realised a report showcasing that most British consumers want as few financial services providers as possible. 

UK, United Kingdom, platform banking, Deposit Solutions, financial services, financial simplicity, incumbent banks, challenger banks, financial services, Europe, marketplace

Castles Technology completes Spire Payments acquisition

News | Payments General | 05 Oct 2020

Taiwan-based PSP Castles Technology has acquired the business and assets of UK-based Spire Payments, according to electronicpaymentsinternational.com.

Castles Technology, Spire Payments, payment solutions, software app, payment development, transactions, online payments, PSP, user experience, in-store acceptance, value-added, merchants, retailers, Taiwan, UK, United Kingdom

Open Banking reaches 2 mln UK-based users

News | Online & Mobile Banking | 28 Sep 2020

The Open Banking Implementation Entity (OBIE) has reported that after six months since the 1 million user milestone has been reached, the UK user base increased to 2 million.

Open Banking, UK, United Kingdom, Open Banking Implementation Entity, OBIE, disruption, covid-19, fintech, ecosystem, lockdown, online banking apps, open banking adoption, CMA9, banks, Starling Bank, Monzo, money management apps, account aggregation, use cases, NatWest, Nutmeg, bank transfers, open banking payments, sort codes, account numbers

Modulr, My Digital Accounts to improve payments options for UK remote workers

News | Online Payments | 24 Sep 2020

UK-based cloud-based contractor payroll software provider My Digital Accounts has partnered with the fintech Modulr to provide payment options to the UK’s flexible workforce.

My Digital Accounts, Modulr, digital workforce, fintech, payment options, online payments, gig economy, remote workforce, payroll, contractor website, freelancing, UK, United Kingdom,

ClearBank, Tide partner to grant GBP 25 mln to SMEs

News | Payments General | 23 Sep 2020

Cloud-native clearing bank ClearBank and UK-based business banking platform Tide have been awarded GBP 25 million to help UK-based SMEs grow after the coronavirus pandemic.

ClearBank, Tide, SMEs, UK, United Kingdom, grant, award, clearing bank, business banking platform, coronavirus, pandemic, financial support, Brexit, government, digital services, open banking, funding, debt, equity, digital payments, business development

TrueLayer secures USD 25 mln in Series C round

News | Online & Mobile Banking | 21 Sep 2020

Financial infrastructure provider TrueLayer has announced it has secured an additional USD 25 million in funding, under its Series C.

TrueLayer, funding, financial infrastructure, Anthemis, Connect Ventures, Northzone, Temasek, UK, United Kingdom, payment institution, FCA, Financial Conduct Authority, account information, payment initiation, open banking, PSD2, France Italy Spain, Revolut, Nutmeg, Freetrade

Tink buys UK-based OpenWrks' aggregation platform

News | Online & Mobile Banking | 21 Sep 2020

Open banking platform Tink has acquired the aggregation platform of OpenWrks, a UK-based provider of open banking applications. 

Tink, UK, United Kingdom, aggregation, platform, OpenWrks, open banking, bank connectivity, personal account, business account, data, fintech, SME, Xero, Liberis Finance, Snoop, open banking platform, MyBudget, data services, Europe

OBE, Moneyhub, Streeva partner for charity donations initiative

News | Online & Mobile Banking | 18 Sep 2020

Open Banking Excellence (OBE) has partnered with payment API provider Moneyhub and Streeva, a gift aid company for a charity-driven initiative.

OBE, Moneyhub, Streeva, charity donations, initiative, payments, API, payment API, open banking, fintech, QR code, bank account, gift aid, coronavirus, MyBnk, financial education, SSAFA, EACH, Bristol Inclusive Thrill Seekers, UK, United Kingdom, smartphone, donations

Paymentology, Thought Machine to create model digital bank platform

News | Online & Mobile Banking | 18 Sep 2020

UK-based cloud-native payment processor Paymentology has announced it is partnering with digital banking platform Thought Machine.

Paymentology, Thought Machine, MOX Bank, partnership, digital banking, online banking platform, fintech, Vault, financial technology, UK, United Kingdom, Europe

Modulr becomes issuing member of Mastercard

News | Online Payments | 09 Sep 2020

UK-based fintech Modulr has joined Mastercard as a principal issuing member, granting it direct access to the global payments network.

Modulr, Mastercard, issuing partner, online payments, confirmation of payee, fraud prevention, Pay.UK, UK Faster Payments, Real-Time Gross Settlement, RTGS, payment settlement, United Kingdom, Europe

Tandem retires paid Cashback Credit Card membership

News | Cards | 04 Sep 2020

UK-based Tandem Bank has made an announcement to its members about the GBP 5.99/month Cashback Credit Card, telling them the card is shutting down.

Tandem Bank, credit card, cashback credit card, UK, United Kingdom, challenger bank,

iProov launches threat intelligence system for biometric assurance

News | Digital Identity, Security & Online Fraud | 03 Sep 2020

UK-based fraud prevention company iProov has launched a system of threat intelligence for biometric assurance. 

iProov Security Operations Centre, iProov, fraud prevention, cyber-attack, cyber crime, machine learning technology, biometric assurance, biometric authentication, United Kingdom

Modulr launches Confirmation of Payee to help fight fraud

News | Digital Identity, Security & Online Fraud | 02 Sep 2020

UK-based fintech Modulr has launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

Modulr, fintech, fraud prevention, Confirmation of Payee, APP fraud, authorised push payment fraud, RBS Alternative Remedies, United Kingdom, UK,

Triodos Bank reaches GBP 1 billion lending in the UK amid COVID-19

News | Payments General | 24 Aug 2020

Sustainable bank Triodos has reached GBP 1 billion in UK lending while credit losses rise due to the coronavirus.

Triodos Bank, lending, UK, United Kingdom, covid-19, sustainable bank, credit losses, coronavirus, profits, credit loss provision, bank

JP Morgan to launch digital banking services for the UK in 2021

News | Online & Mobile Banking | 24 Aug 2020

US-based bank JP Morgan has reportedly planned to launch a digital bank under the Chase brand in the first quarter of 2021, according to AltFi.

JP Morgan, banking services, UK, United Kingdom, US, Chase, digital bank, digital banking, Finn, mobile bank, coronavirus, challenger bank, Goldman Sachs, Marcus, digital offering, Starling, Monzo, Revolut