Articles with tag: united kingdom

Found 103 results in 187 milliseconds.

Open Banking reaches 2 mln UK-based users

28 Sep 2020 | Online & Mobile Banking

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

24 Sep 2020 | Online Payments

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

23 Sep 2020 | Payments General

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

21 Sep 2020 | Online & Mobile Banking

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

21 Sep 2020 | Online & Mobile Banking

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

18 Sep 2020 | Online & Mobile Banking

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

18 Sep 2020 | Online & Mobile Banking

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

09 Sep 2020 | Online Payments

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

04 Sep 2020 | Cards

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

03 Sep 2020 | Digital Identity, Security & Online Fraud

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

02 Sep 2020 | Digital Identity, Security & Online Fraud

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

24 Aug 2020 | Payments General

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

24 Aug 2020 | Online & Mobile Banking

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

UK-based SMEs up 60% in daily transactions in sign of recovery, Barclaycard study

21 Aug 2020 | Cards

Barclaycard has released its Payments’ quarterly SME Barometer, revealing that small and medium businesses exceeded their revenue predictions for Q2 2020. 

UK, United Kingdom, SMEs, daily transactions, Barclaycard, pandemic, recovery, small and medium businesses, revenue, optimism, consumer cards, card payments, hospitality industry, transactions, card transactions, card-taking SMEs

Over 5.3 million passwords exposed on the dark web in three months

14 Aug 2020 | Digital Identity, Security & Online Fraud

UK-based fintech ClearScore has discovered over 5.3 million passwords on the dark web in just three months. 

ClearScore, fintech, UK, United Kingdom, password, dark web, dark web fraud, fraud protection, fraud, data breach, security breach

Holvi leaves UK following Brexit and Covid-19 uncertainty

13 Aug 2020 | Online & Mobile Banking

Finland-based challenger bank Holvi has announced plans to officially exit the UK market on 31 October 2020, a date that echoes the UK’s initial departure date from the EU. 

Holvi, UK, United Kingdom, Brexit, covid19, EU, coronavirus, regulatory landscape, fintech, Mastercard, Holvi accounts, SME, digital bank, challenger bank, Finland, Berlin, Helsinki

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

13 Aug 2020 | Payments General

OakNorth Bank has lent over GBP 220 million through the UK Government’s CBILS and CLBILS business stimulus package, according to AltFi.

OakNorth Bank, CBILS, CLBILS, UK, United Kingdom, business stimulus package, loans, allocation, British Business Bank, pandemic, lockdown, bank, lending

UK-based lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

Kompli-Global launches Kompli-Reveal to help clients expose bad actors within their customer base

05 Aug 2020 | Digital Identity, Security & Online Fraud

Regtech AML specialist Kompli-Global has launched Kompli-Reveal to help clients reveal the real-time status, allow reconciliation of the data, and reduce risk of non-compliance.

Kompli-Global, Kompli-Reveal, reconciliation, non-compliance, United Kingdom, AML, regtech, fraudster, money launderer, screening solution, banks, payment providers, accountants, compliance strategy

Bottomline launches Pay Direct to boost cash collection for businesses

03 Aug 2020 | Online & Mobile Banking

UK-based fintech Bottomline has announced the launch of Pay Direct, an open banking payment initiation service enabling companies to receive online payments from customers.

Bottomline, Pay Direct, cash collection, open banking, payments, online payments, fintech, online purchase, merchants, customers, payer, open banking payment initiation service, UK, United Kingdom, Faster Payments, online businesses, card fees, reconciliation, direct debits, card processing, banks