Fintech makes the world go around:

February, 2019


February 21, 2019  12:22 PM

Nearly a third of UK tech startups are setting up presence in mainland Europe because of Brexit

KarlFl40 Profile: KarlFl40

In its latest Startup Outlook report Silicon Valley Bank has revealed that 28% of UK startups plan to open an office in mainland Europe, as a result of...

February 21, 2019  10:09 AM

Astrophysics and music production skills give Bud a different approach: Fintech interview part 16

KarlFl40 Profile: KarlFl40

Bud started life in 2016 as a B2C platform to help people improve their financial well-being, before moving into banking with a platform that allows banks to harnesses open banking. The UK Fintech, which is based in Old Street London, now finds itself at the...


February 20, 2019  9:00 AM

Upgraded Bank of England system that gives more fintechs the same rights as banks, due in 2025

KarlFl40 Profile: KarlFl40

The Bank of England has set 2025 as the date to complete the replacement of one of its and the UK economy’s core systems.  It wants the new Real Time Gross Settlement (RTGS) system to give more tech firms the same rights as big banks Fintechs currently mainly work through banks that are...


February 18, 2019  9:11 AM

Forget all the fancy stuff and apply AI to paying invoices, says Previse: Fintech interview part 15

KarlFl40 Profile: KarlFl40

While the world is obsessed about how machine learning can make cars drive by themselves fintechs are offering businesses more mundane, yet more rewarding, creations using the technology. For example Previse, a fintech founded in 2016, offers a platform...


February 15, 2019  1:40 PM

Fintech reveals that Brexit induced fall in pound’s value hits migrant workers in UK

KarlFl40 Profile: KarlFl40

It is not just EU citizens in the UK and UK citizens that are suffering from the uncertainty of Brexit, as non EU immigrants in the UK are sending less to families in home countries as the


February 13, 2019  3:31 PM

HSBC to turn off mobile app after it finds life in open banking features

KarlFl40 Profile: KarlFl40

After a pilot of a money management app Artha, which helps customers understand their spending from different providers through a single login, First Direct will turn it off and integrate the most...


February 12, 2019  3:22 PM

Lloyds Bank outage just the latest of a recurring trend as complexity grows

KarlFl40 Profile: KarlFl40

Lloyds Bank customers were unable to access online banking services yesterday in what appears to have been an IT problem. The problems were said to be limited to customers of Lloyds Bank with Halifax and Bank of Scotland customers not affected. When I see a 24 hour outage, like this one was...


February 12, 2019  12:39 PM

Positive discrimination needed to remedy shocking under-investment in fintechs founded by women

KarlFl40 Profile: KarlFl40

I am currently working on an analysis following the publication of Innovate Finance’s latest report. I thought I would do a quick blog first to give people the opportunity to air their views while I put together all the comment I have already receive. The report, which looks at fintech...


February 11, 2019  12:43 PM

Challenger bank Monzo applying agile development techniques to business banking product

KarlFl40 Profile: KarlFl40

Monzo is applying agile development techniques to the creation of its first business banking account, after a survey of customers revealed this is what they want next. Monzo, a mobile only challenger bank which received its banking licence in April 2017, has...


February 8, 2019  1:55 PM

Consequences of failure at banks means they can’t mimic Google too closely

KarlFl40 Profile: KarlFl40

Google is a master kitchen for IT innovation. Its huge real-time transaction engine is the envy of all but a few businesses. Meanwhile its contact with consumers means that businesses offering digital services are constantly compared to it. These customers for example want their banking services...


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