GoCardless, the global leader in direct bank payments, has announced it plans to acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world’s bank payment network. GoCardless will incorporate Nordigen’s next-generation open banking connectivity — offering the widest coverage in Europe, connecting to more than 2,300 banks […]
UK Digital Bank Kroo is delighted to announce they have been granted their full banking licence by the Bank of England. Kroo is only one of 2 banks to have been granted a banking licence with a personal current account since August 2016. Kroo launched its prepaid offering using state-of-the-art tech to ensure a fully […]
Almost half of firms (44%) are planning to invest more in regtech solutions in the next 12 months to cope with the growing pressure on the compliance function in this fast moving and increasingly complicated regulatory and operational landscape. A further 41% expect to invest the same amount as the previous 12 months. This investment […]
Rayon, the space design software makers, today announce the successful completion of a $2m pre-seed round, which will be used to grow the Rayon team, refine its product and launch its offering in October of this year. The round was led by Seedcamp, alongside Foundamental, 20VC, and Kima. They are also joined by a cohort of business angels including, Ralph […]
Half of all financial services organisations prefer managing web scraping practices internally, compared to just 11% that prefer to outsource the process completely, according to key findings from the new Oxylabs white paper, Alternative Data Unlocks Key Decisions in the UK & US Finance Industries. The survey found that completely outsourcing data collection is the least popular method while […]
Ebury, the global financial services firm helping to simplify international trade and one of Europe’s largest fintechs, is preparing to welcome leading industry experts to its second edition of Tech in Finance. The technology event for financial developers will be held in Malaga on 19 September and for one day turn the city into the […]
Yolt, Europe’s leading independent and data-driven open banking provider, announces today a partnership with Creditsafe, the multinational business intelligence provider. Creditsafe, the global experts in credit data and risk intelligence, are the world’s most used provider of online business credit reports covering 161 countries and more than 365 million business. The partnership will see Yolt’s […]
Allica Bank, the fintech challenger bank for established SMEs in the UK, today announced their successful go-live on leading cloud banking platform, Mambu. The platform supports Allica in bringing bespoke lending products, tailored to the needs of small and medium-sized businesses and reintroduces tech-savvy relationship managers to enhance customer experience. Despite representing 30% of the […]
26% of financial organisations say web scraping has the greatest impact on revenue, ranking just behind internal data collection with 28% 26% said web scraping had the greatest impact on revenue of any external data collection method. Web scraping came only just behind internal data collection (28%). In contrast, only 12% believed manual data collection […]
New research from Tech Nation and Google for Startups reveals funding for purpose-driven startups has soared to $3.5bn (approx £2.8bn) in the past decade. The first-of-its-kind analysis shows that between 2011 and 2021, funding for impact tech companies addressing UN Sustainable Development Goals rose from just $74m (or £59m) to $3.5bn (£2.8bn). And in 2021, […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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