Europe

Abacus Group expands UK presence with Edinburgh office opening 

Abacus Group, a leading MSP to alternative investment firms, has announced the opening of a new office in Edinburgh to expand its research and development and customer support capabilities while leveraging local talent.   The new office is already...

Innovate Finance launches the first Unicorn Council for UK FinTech 

Innovate Finance, the independent industry body for UK FinTech, has launched the first Unicorn Council for UK FinTech (UCFT), a coalition of UK-based FinTech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council...

SMEB calls for public input on locations for first cash deposit banking hubs

SMEB, a banking and financial technology company dedicated to supporting small business, has launched a nationwide consultation for locations to place their brand-new cash deposit bank hub for small businesses. Small and Medium Enterprise Banking (SMEB),...

Bridging the payment gap: The importance of cash preservation  

In an era dominated by digital transactions, the allure of convenience often overshadows the significance of preserving access to cash. Steve Round, Co-founder of SaaScada, delves into the pressing need for banks and financial services firms to re-evaluate...

Building a world class FinTech hub in Wales 

Formed in 2019, FinTech Wales is an independent membership association and champion of the FinTech and Financial Services industry in Wales. Sarah Williams-Gardener, CEO, FinTech Wales, shares the areas they are nurturing to ensure the continued success and...

Buy Now, Pay Early: 97.4% of Klarna Black Friday purchases paid off on time or early  

Klarna, the AI-powered global payments provider and shopping assistant, has revealed UK consumers paid off 97.4% of Black Friday orders on time or early, an increase of 2% compared with last year. The data comes as Bank of England boss Andrew Bailey...

Experts express concerns over the EU Parliament Committee’s position on the Payment Services Regulation  

The European Parliament’s Economic and Monetary Affairs Committee (ECON) adopted its position on the Payment Services Regulation (PSR), which introduces new rules for providers of payment and electronic money services.   The Computer &...

LSB to boost support for SMEs by issuing guidance to lenders on financial inclusion and enhancing business protections on digital channels 

The Lending Standards Board (LSB) has published the outcomes of its review of the Standards of Lending Practice for business customers (‘the business Standards’), identifying new opportunities to strengthen customer protections with practical...

NatWest is the first UK bank accepted onto new UK Open Banking DPS 

NatWest has become the first UK bank to be named as a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking services. This DPS will be accessible by all public sector entities in the UK including central...

Transforming digital identity management in Switzerland with zero-knowledge 

Partisia Blockchain and the University of Applied Sciences and Arts Western Switzerland (HES-SO Valais-Wallis) are poised to transform the management of digital identities for Swiss citizens.   This partnership aims to develop a decentralised...

Hugh Scantlebury, CEO and Founder of Aqilla   

Over the last few years, open banking has emerged as a game-changer for payment technology. By opening up transactional data, open banking has revolutionised how UK consumers and businesses access banking and financial services, enabling far more scope for...

Cloud to drive US$1.1 trillion IT spend across Europe, says Gartner 

Gartner predicts IT spending in Europe will reach US$1.1 trillion in 2024, fuelled by investments in cloud security and Infrastructure as a Service (IaaS). This marks a significant increase in IT services expenditure across Europe.  The firm forecasts...