Yonder Secures £62.5 Million in Series A Funding
Startup Yonder, which specializes in issuing Rewards credit cards, has secured equity of 12.5 million pounds and a credit line of 50 million pounds to expand operations.
UK - page 16
UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
Bank of England Says Stablecoin Use Need Limits
The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.
Lloyds Bank Launches PayMe for Instant B2B Payouts
Lloyds Bank has announced the launch of a new service through which businesses can make one-time payments in cases where there is no information about the details of the recipient.
UK FinTechs Seek Government Support After SVB Collapse
In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.
HSBC Hires Ex-SVB Bankers to Focus on US Innovation Economy
HSBC currently hires about 40 former employees of the Silicon Valley bank.
Virgin Money Rolls Out Digital Investment Platform With ESG Focus
The new digital investment platform from Virgin Money provides both amateur and experienced investors with online and mobile access to growing their wealth by investing in companies with good ESG credentials
UK Payments Startup Ryft Wins FCA Licence
Ryft, a UK-based startup that aims to replicate the success of Stripe, has announced that it has received an FCA license.
NatWest Helps Ukrainian Women Refugees Start Tech Careers
UK bank NatWest has launched a programme to help displaced Ukrainian women start new tech-related careers, in partnership with Code First Girls and the Capital City Partnership
Curve Brings Wearable Payments to EU With Tappy Tech
The customers of the digital wallet Curve in 31 European countries will enjoy a new level of convenience and flexibility with wearable payments powered by Tappy Technologies
Bank of England Builds Its CBDC Team
The media reported that the central bank of England has begun to recruit a team of employees who will deal with the digital currency of this financial institution.
Triodos Bank’s 2035 Emission Reduction Targets Validates as Science-Based
The Initiative to Achieve Science-Based Targets (SBTi) confirmed that Triodos Bank’s intentions to reduce the level of harmful emissions to zero have sufficient arguments to recognize this plan as justified.
Rodeo Raises $5 Million for Operating System for Gig Workers
Rodeo has announced that it has managed to raise $5 million in funding to develop its operating system for gig economy employees.
Private Banking Startup Kashet Raises £5.4 Million
Kashet startup, whose offices are located in the UK and Switzerland, came out of hiding after raising £5.4 million in investment funds following the results of an entry-level funding round.
Lloyds Bank to Move Trade Finance Documentation to Blockchain
Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients
Barclays Bank to Trim More Branches
Barclays Bank continues to actively implement a policy of abandoning the use of traditional branches.
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