Meet Volt, the London fintech taking on Visa and Mastercard’s duopoly April 29, 2024 For six decades, the global payments industry has been dominated by Visa and Mastercard. In the UK, the two firms had 99 per cent market share of UK debit and credit card payments in 2021.
Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn April 22, 2024 Allica Bank has reported its first annual profit since launching in 2020, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.
Labour must fund regulators or UK fintech could ‘falter’, Tony Blair’s think tank warns April 17, 2024 A potential future Labour government must pump more cash into financial regulators or else the UK's fintech sector could decline, Tony Blair’s think tank has warned.
Equals: Payments fintech doubles annual profit and eyes up further growth with M&A April 16, 2024 Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech April 15, 2024 London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of its capital markets will tempt companies looking to IPO.
Fintech boards lack AI skills needed to drive future growth, survey finds April 15, 2024 Company boards of the UK’s top fintechs lack the necessary skills and experience in artificial intelligence, a new survey has suggested, which could hold back future growth for these firms.
‘Floor not a ceiling’: Sadiq Khan pledges to create at least150,000 jobs in AI, fintech and sciences April 3, 2024 Sadiq Khan has pledged to create 150,000 new jobs in key growth sectors including artificial intelligence (AI), financial and climate technology, and life sciences.
London fintech Tide set to launch in Germany as it looks to grow international footprint March 12, 2024 The international push comes after rapid growth in the UK, where it now boasts around 575,000 small business clients, alongside over 200,000 from its Indian division.