Nationwide Building Society challenges seven fintechs to develop apps for financially vulnerable
Seven fintechs are taking part in a challenge set Nationwide and will share a £3m fund as well as the knowledge and experience of experts from the building society and beyond. The Nationwide’s Open Banking for Good challenge wants apps developed that can help people that are “financially...
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Facebook shutters Messenger payments in UK as Brits just not into it
Facebook introduced the feature to its Messenger to enable people to transfer money to their friends in a few clicks. It was first launched in the US in 2015 and then in the UK in...
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Third of people would allow tech platform to automatically move mortgage
It is astonishing how quickly peoples’ attitudes towards their finances are changing as digital services mature. A few years ago people were concerned about using digital banks for current accounts, and a few years before that they would have thought carefully before sending money via fintech...
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Consumers will ditch bank if online experience falls short
Not surprising traditional banks have embraced fintech as it almost a matter of life and death now. According to a survey of 1000...
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Brexit turn off increases IT salaries in UK fintech as overseas experts become harder to attract
Fintech in the UK, particularly London, is still growing rapidly but Brexit is a real threat as much needed IT experts from overseas are not...
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Is fintech making it too easy to mis-buy financial products?
I had an interesting exchange with a contact of mine. He is a seasoned IT professional in the banking sector.
He said recent news of Wonga and 0 Comments
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Goldex is bringing Amazon-like usability to gold trading: Fintech interview part 19
An encounter between a seasoned equities trading executive and the archaic process of trading gold led to the creation of Goldex Technologies. “As a customer I did not like this,” said Sylvia...
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Fintechs taking large chunk of SME lending sector
Almost half of UK SMEs (49%) would seek financing from non-bank lenders as they begin to better understand the business models of companies in this space, including fintechs. This is according to a survey of 2000 directors at UK SMEs, carried out by peer to peer lender Growth Street. Fintechs...
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Azimo is stripping high streets and denting the universe: Fintech interview part 18
Azimo, was the creation of a serial fintech entrepreneur with the aim of replacing a mainstay of high streets across the UK, with a smartphone app. The cross border money transfer fintech enables people to make cross border transactions in seconds via a smart phone app at a considerably lower...
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Add Apple credit card to list of things you can do on your iPhone
Apple has announced a fintech service which will enable customers to turn their mobile phone into a credit card. From the summer customers in the US will have access to the Apple...
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