Monzo To Offer Free Credit Scores to UK Customers
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK digital bank will be rolling the service out over the next few months; customers will be...
View ArticleRobinhood Maxed Out $200mn Line of Credit
Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering outages just as market volatility has jumped; the fintech was also reported to...
View ArticleCogni Launches Millennial Focused Digital Bank
Millennials are one of the largest target markets for digital only banks as they attempt to cut into the dominant market position of traditional financial firms; Cogni is a new challenger bank backed...
View ArticleBarclays Opts For Different Fintech Strategy
We’ve seen many banks who have launched their own fintech offerings; NatWest with Mettle and Bo is one example and in the US the most notable example is Goldman Sachs’ Marcus; a Barclays spokesperson...
View ArticleWill More Banks Now Embrace Fintech?
It has been fascinating to watch both the banks and fintechs react to the coronavirus; many fintechs have created side projects to better help their customers while there has been little in the way of...
View ArticleGoldman’s Marcus Continues to Lower Interest Rate on “High-Yield” Savings...
Last year many consumers were able to earn around 2% on savings accounts from the leading banks; since then rates across Ally, Barclays, Marcus and others have fallen dramatically due to the...
View ArticleBanks Seeing Good Signs in Repayments
Banks are seeing some good early signs in repayments with a significant number of borrowers committing to restart normal payment cycles; many forbearance periods will start coming to an end later this...
View ArticleRobinhood Narrative Not Quite What is Seems
There has recently been a trending story amongst traders that Robinhood investors are the reason the markets have rebounded so quickly; FT Alphaville takes a look at two recent notes by Barclays and...
View ArticleMore News for July 15, 2020
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code Payments In IOS 14 Isn’t Accidental Fintech in Need of Finance? Report...
View ArticleQuantum Computing Shows Promise and Worry for Banks
Quantum computing has the potential to dramatically affect banking in the coming years, especially from a cybersecurity standpoint; banks like JPMorgan Chase, Barclays and Morgan Stanley have all...
View ArticleMarketInvoice Raises $72mn in Fresh Capital
UK based invoice financing fintech MarketInvoice has raised a fresh $72mn in capital, $33mn in equity and a $39mn debt facility; the equity was raised from Barclays, Santander, Northzone and Viola...
View ArticleNew Options Trading Startup Gets Backing from Powerful Banks
A new startup that allows for ordinary people, with a focus on millennials, to trade options has received early backing from some of the top names in banking; Gatsby raised $500K from Radius Bank,...
View ArticleUK Fintechs React to Apple’s Credit Card Launch
Apple announced more details about their card partnership with Goldman Sachs yesterday and the news provided a number of interesting opinions from the UK fintech community; Barclays Global Head of...
View ArticleBarclays, RBS and R3 Cut Property Transaction Times in Blockchain Trial
A blockchain trial has been completed with leading UK banks Barclays and RBS along with R3-affiliated Instant Property Network (IPN); the trial used test data to carry out simulated property...
View ArticleBarclays’ Recent Investments in Fintech
The bank has participated in a few different fintech funding rounds as of late; the first was a $5.5 million Series A investment in a blockchain startup called Crowdz which operates an invoice finance...
View ArticleThere is a Lot Happening Today in SME Lending
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies like Funding Circle, iwoca and OakNorth continue to grow as...
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Use Cases and Trends in Artificial Intelligence for Financial Services
Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate staff to more meaningful work. We wanted to explore some of the...
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HM Treasury announces regulations for BNPL
Last month the UK announced new regulations for the Buy-Now Pay-Later (BNPL) sector to “protect millions of people.” The move is in response to controversy surrounding the industry, which, despite...
View ArticleBarclays US Explains How they are Using Artificial Intelligence
Barclays US is trying to ensure they use AI in a efficient yet non intrusive way so their customers can get the most out of the technology; Tearsheet spoke with Mona Jantzi, managing director of...
View ArticleBarclays Uses Retail Partners to Build Business Ahead of Full US Launch
Known as one of the top banks in the UK Barclays has been growing their presence in the US by building a credit card business with partners like Uber, Apple and JetBlue; Barclays began their US push by...
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