Time’s Up on financial silence: How to break the taboo on female investing December 18, 2020 The past few years have seen the overdue crumbling of long-held taboos that women have had to endure for decades. First, movements such as #MeToo and #TimesUp exposed the magnitude of the sexual violence faced by women. Then #MeTooPay uncovered discrepancies in salaries that have fueled the fight for pay equality. And after November’s election, [...]
Robinhood pays $65m to settle SEC charges December 17, 2020 Stock trading app Robinhood has agreed to pay $65m in charges to settle claims it had misled customers about payments it received for handling their trades. Between 2015 and late 2018, Robinhood made “misleading statements and omissions in customer communications… about its largest revenue source when describing how it made money,” according to the Securities [...]
Gocardless nears $1bn valuation after latest funding round December 17, 2020 London fintech Gocardless is nearing unicorn status after its latest funding round amid a digital payments boom. The Alphabet-backed company announced it had raised $95m in its latest funding round led by the venture capital arm of Bain Capital, valuing the firm at over $970m. “This funding round demonstrates the strength of the business and [...]
Tide to introduce new business payroll service in 2021 December 17, 2020 Business fintech firm Tide has announced that is it to release its first payroll service via its banking app in early 2021. Tide Payroll will be HMRC compliant and will allow SMEs to conduct their payroll from within their Tide account with an all-in-one payroll service that will allow users to run payroll and pay [...]
Combining technology with human ingenuity can level the workplace inclusion gap December 17, 2020 The pandemic has affected every person on the planet. It is one of those rare things that we all have in common, although each of us will have experienced it in a different way. One thing is certain: whatever may have been said at the start, Covid-19 has not been a great leveller. From age [...]
Exclusive – Fintech tsar Charlotte Crosswell: ‘Our sector is not a fair and inclusive place’ December 16, 2020 As CEO of Innovate Finance, Charlotte Crosswell is Britain’s leading champion of innovative technologies in banking and finance. On behalf of the the not-for-profit group, which was founded in 2014 and supported by the City of London, she works closely with the Bank of England and the Treasury to support fintech solutions and pushes the [...]
Curve and Plaid team up to bring open banking to UK customers December 16, 2020 Curve, a smart banking platform, has joined forces with Plaid, an open finance data network, to help people manage their money.
Trading platforms flying high on back of pandemic December 16, 2020 Trading platforms have reported record profits as more people stuck at home during lockdowns took a gamble on the stock markets.
Businesses can really make a difference — and this Christmas they’re needed more than ever December 16, 2020 The impact of the pandemic has brought unprecedented change to how we live and work. It has also led to a greater appreciation of the things we sometimes take for granted: family, food, health, employment. We have been put under strain in so many ways. In turn, people have risen to the challenge, demonstrating resilience, [...]
Revolut launches Plus account as it expands fee-paying services December 16, 2020 Revolut is set to revamp its paid plans while also launching its latest subscription option, Revolut Plus. Revolut’s new Plus service will cost £2.99 a-month and will include theft and accident coverage alongside purchase protection up to £1,000 for a year. Under new plans Premium customers will be protected up to £2,500 while Metal customers [...]
