Klarna to buck pandemic trend and take on more UK office space May 3, 2021 Klarna plans to take on more office space as part of a push to double its British workforce and launch more banking products. The buy now pay later firm will take new headquarters in an 11,000 sq ft WeWork office in Holborn and expand its existing space in Manchester. The firm is also looking at [...]
5 Ways To Make Hot Desking Work For You August 30, 2022 Hot desking, the phenomenon once only found in coworking spaces, is currently finding favour among corporate companies looking for ways to cut costs without cutting performance. Benefits of adopting a ‘no assigned seating for anyone’ approach include increased inter-team collaboration and a sense of belonging among employees. However, not everybody is a fan – especially [...]
Embattled Amigo appoints charted accountant as interim CFO after lender’s most dramatic week ever January 28, 2022 Amigo Holdings said this morning it has appointed that Danny Malone will be appointed on an interim basis as Chief Financial Officer, subject to approval by the FCA. The appointment as CFO is expected to take effect from 7 February 2022 and will be for a four month period. As the appointment is on an [...]
Barclays CEO on the future of the City: ‘Forget Frankfurt and Paris’ February 5, 2021 Jes Staley, the CEO of Barclays, has said the UK financial services industry should focus on competing with the US and Asia, rather than the EU. Staley reportedly said that although jobs that would have been created in the Square Mile may have been moved to the EU, Brexit has given one of the UK’s [...]
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
Exclusive: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation February 21, 2022 A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector, in a letter seen exclusively by City A.M. Bosses at over 70 of the biggest fintech firms in the UK, including digital banks Monzo and Starling, payments [...]
Klarna snaps up London ecommerce tech startup Hero July 11, 2021 Klarna has acquired London-based ecommerce tech startup Hero in a deal worth a reported $160m (£115m). Hero, which was founded in 2015, offers virtual shopping services to retailers and counts Harvey Nichols, Levi, Nike and JD Sports among its clients. Klarna said it will introduce Hero to its 250,000 retail partners, allowing them to access [...]
Funding Circle looks to offload US arm and kicks off share buyback as losses deepen March 7, 2024 Fintech firm Funding Circle kicked off a £25m share buyback programme today and said it was looking to offload its loss-making US division in the hope of stemming losses and boosting its flagging share, the firm has announced.
Tech Weekly: UK Apple Card en route? And crypto exchange Gemini’s Head of UK on FCA nightmare March 25, 2022 On this episode of Tech Weekly, Nasson, Lily, and Charlie go through the latest in the worlds of crypto and fintech. Lily chats to Blair Halliday, Head of UK crypto exchange Gemini — they go through why crypto exchanges will be at risk if they don’t register in time to get an all-important FCA regulatory [...]
Tech Weekly: Crypto plummets, and analysing tech stock rout in 2022 May 13, 2022 This week City A.M.’s Charlie Conchie talks to Lorne Daniel, Technology Research Analyst at financial services company finnCap. They unpick a very rough quarter for tech companies and tech stocks, and go through what’s to come. Charlie also takes us through the main headlines this week — multiple cryptocurrencies have plummeted in value, pressure is [...]