12 Percent of UK Residents Switched to Digital Banking
According to Tony Moroney, Managing Partner at Beta Digital, 12 percent of UK residents switched to digital banking between March 14 and April ...
ParentPay Runs into Trouble as Parents Try to Get Payments Refunded
ParentPay is an online payments service in the UK that is used by more than 5 million families and 13,000 schools to make ...
Monzo Lays Off An Additional 120 Staff
UK digital bank Monzo is reportedly laying off 120 staff due to the challenges of the current economic situation; this is in addition ...
PNC Bank Using OakNorth’s Covid-19 Credit Framework
Leading UK fintech OakNorth has announced today that PNC Bank is using its newly developed credit framework built in response to Covid-19; their ...
Leading Women Changing the Face of London’s Wealth Management Industry
Wealth management has always been an industry focused on relationships and face to face interactions with clients; that traditional model is slowly being ...
Revolut Rolls Out New App As It Hits 12 Million Customers
UK-based digital bank Revolut has rolled out its new “financial super app” that it says will “reimagine and redefine” its offering to its ...
TrueLayer Strikes Open Banking Deal With UK Government
The UK government has added TrueLayer to its Payment Acceptance Framework meaning it can now provide payments for goods and services without credit ...
Starling Bank Lends More Than £600mn Through Crisis Loan Schemes
Digital only Starling Bank says they have reached about 65 percent of their SMB lending capacity through the various government led loan schemes; ...
UK Banks Warn Half of Bounce Back Loans will Default
UK banks are warning that up to half of the £18.5bn of bounce back loans could fail and hundreds of thousands of SMBs ...
UK Peer to Peer Lender Introduces Industry First Credit Card
Elfin Market is a London-based peer to peer lending platform and they have launched a new physical credit card in what is thought ...