Starling bank are arguably the UK’s most exciting Fintech “Challenger Bank” – that is, a new kind of firm offering users a different kind of banking proposition; simple, transparent, and without the hidden fees and charges that can make high street banks so unappealing to modern, mobile savvy millennials.
The “Big 4” Challenger Banks London may not be the world’s biggest FinTech hub, but there is an argument that says it is the most disruptive, and especially within the retail banking space. There are no fewer than 5 recognised “Challenger banks” in operation currently, 4 based in London, and
Call it bad timing, but no sooner had the European Union delivered the first Payment Service Directive (PSD), to provide a legal foundation for the introduction of SEPA, that’s the Single Euro Payments Area, which effectively created a single market for payments across the European Union, covering credit transfers, direct
After trialling the product for some time over here, Square, the US based payments provider startup founded by Twitter CEO Jack Dorsey, has finally launched in the UK. Square, which floated on the New York Stock Exchange in November 2015 at a valuation of around $6bn, provides independent traders with
If you are still using Western Union, Ria or your Bank to send money abroad, where have you been for the last decade! Times have changed, and tech disruption has made the process of sending money overseas a far more straightforward, efficient, and cheaper process, with the added bonus that
88% percent of banks globally are becoming increasingly concerned about losing business revenues to Fintech challenger firms, whilst 82% would like to partner more with them over the next three to five years, reveals a new report, Global Fintech Report 2017, released by PriceWaterhouseCoopers.
This guide is brought to you by The Money Cloud, where you compare the best rates for sending money overseas offered by top authorised brokers and money transfer agencies. Remember when all you would hear during the ad breaks for your favourite television programme would be “there’s an app for
A new Melbourne, Australia based Fintech startup that has echoes of peer-to-peer money transfer service Transferwise but with more focus on the B2B market, has completed a USD$13 million Series A investment from Tencent, the company that owns China’s most popular social networking and now payments app, WeChat.
In the past, real estate has often been seen as a business of relationships, reliant on contacts and personal connections. While that’s still hugely important, software trends are also becoming increasingly vital to the real estate industry. In the past year alone, venture capitalist projects have raised over $1.5bn US
In the developed world, sending money domestically is as simple as logging onto online banking. If you want to transfer funds in or to the developing world, however, you’ll often come up against a fairly fundamental block: the ‘unbanked’ phenomenon. But could the growing numbers of online platforms, from Gmail
Laws granting the ‘right to be forgotten’ might seem like they’re about isolated cases of image control. In fact, this legislation could have huge implications for storing all types of information. As debates about whether Europeans can protect their data on a worldwide basis rage on, observers are starting the
Ever heard the saying, ‘the customer is always right’? In the financial services industry, that hasn’t always been true. But a major new report published by the World Economic Forum (WEF) suggests that consumers’ luck is about to change as fintech continues to disrupt, embed and lead the way. The report,
Commentators from The Economist to Forbes have hailed the triumphant start of the fintech revolution. The financial industry is finally catching up with every other sector that’s ploughing its profits into digitalising its services. The result? A customer-centric industry that’s taking $4.7tn away from traditional banking.
The fintech industry has exploded in recent years, slowly growing into niches once dominated by big finance. In the international money transfer market high street banks and wire transfer companies like Western Union are starting to find themselves undercut and outperformed by innovative startups. But what is it that gives