News fintech
Revolut Valued At $45 Billion, More Than Barclays, NatWest
Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks
Revolut Gains UK Banking Licence
After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator
Apple Drops ‘Buy Now, Pay Later’ Service
Apple sunsets its buy now, pay later service known as 'Apple Pay Later', and will rely on established third-party players
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
University Of Warwick To Launch Fintech Research Group
University of Warwick receives £1.25m donation for new research group focused on fintech innovation in property sector
PayPal To Axe 9 Percent Of Global Workforce
Another blow for jobs market. PayPal to lay off 2,500 jobs as part of move to “right-size” the payments firm
Bank Of England, FCA Propose Rules To Regulate Bank’s Tech...
Financial Conduct Authority, Bank of England publish proposals to bolster tech resistance of the financial sector
UK Launches £1 Billion FinTech Fund
FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing
Apple Launches Buy Now, Pay Later Service For US
Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
Jack Ma Prepares To Cede Control Of Ant Group
Chinese billionaire Jack Ma to cede control of fintech giant Ant Group in move to end long period of regulatory limbo
Former Wirecard CEO Dismisses ‘Absurd’ Allegations
Defence for former Wirecard CEO Markus Braun begins in Germany, with his lawyer lambasting prosecution charges
Jack Ma ‘To Cede Control’ Of Ant Group
Entrepreneur Jack Ma reportedly to cede control of Chinese financial tech giant Ant Group following years of reorganisation spurred by regulatory pressure
Bitcoin Recovers After Sinking Below $20,000
Bitcoin and other cryptocurrencies held on to Sunday gains after the biggest cryptocurrency dipped below $20,000 on Saturday, amidst industry gloom
Germany Warns Of Ukraine Crisis Hacking Risk
Germany warns of 'very big and very present' risk of cyberattack on country's financial sector amidst Ukraine war, as wind-energy firms disrupted
EU Bans Crypto Services To Russia
New package of sanctions extends asset freeze to crypto-wallets amidst fears virtual assets could be used to get around existing measures
Apple Acquires UK Fintech Credit Kudos – Report
Tech giant Apple reportedly acquires British fintech start-up Credit Kudos for $150m, to perhaps bolster its financial services operation
Tesla Bitcoin Holdings Valued At $1.99 Billion
Tesla's Bitcoin holdings had fair market value of $1.99bn at end of 2021, as it loses $101m due to cryptocurrency's ongoing volatility
EU Urged To Take Rapid Action Over Digital Finance Risks
Joint report by EU financial regulators identifies 'new synergies' but also potential for 'systemic risk' that must be addressed by holistic supervisory approach
Digital Bank Chime Financial Plans Massive IPO
Chime Financial plans New York IPO worth up to $40bn after Covid-19 pandemic leads to surge in users and spiralling market valuation
Dorsey: Square May Develop Bitcoin Mining Hardware
Square chief executive Jack Dorsey says fintech company looking into custom-built Bitcoin mining hardware that could increase accessibility, efficiency
Visa Continues Fintech Push With Currencycloud Acquisition
London-based forex specialist Currencycloud is to be acquired by payment giant Visa, in a deal worth £700 million ($963m)
Turkish Crypto Exchange Boss Flees Country Amidst $2bn Fraud Probe
Chief executive of Turkish cryptocurrency trading platform Thodex flees to Albania as estimated $2bn in investors' assets reportedly lost
Regulator Probes PayPal Mobile App Subsidiary Venmo
PayPal subsidiary Venmo under investigation by US consumer regulator over 'unauthorised' debt collections as new administration tightens enforcement
Wirecard Collapse Puts Pressure On Germany’s Finance Minister
One of Germany's most prominent politicians comes under fire for 'failure of responsibility' after Wirecard falls into insolvency amidst fraud allegations
Role Of Wirecard Supervisors To Be Probed By EU
The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official
Wirecard Munich HQ Searched By Police And Prosecutors
Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm's Munich headquarters
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
Former Wirecard CEO Released From Jail
Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech firm