Europe

Taking a closer look at Revolut’s latest crypto offering

Revolut unveils Revolut Ramp, streamlining crypto purchases into MetaMask wallets. With over 40 million users worldwide, Revolut’s move signifies a major step in democratising crypto access. This integration not only simplifies transactions but also...

UK’s Investment Association warns of ‘trading bot’ risk to investors

The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more...

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...