FinTech news in the UK

An overview of news, trends and research in the category FinTech in the UK:

UK sees fintech investment decline 57% in one year Investments in the UK’s fintech sector have plummeted by 57% between 2022 and 2023.
29 August 2023
The crypto industry is still reeling from the effects of FTX The FTX scandal in 2022 has rocked the crypto world, and the subsequent fallout is something that is going to be talked about for a long time in finance circles.
28 February 2023
Deal activity in fintech market defies broader M&A slowdown Despite a broader slowdown in mergers & acquisitions activity, dealmaking in the financial technology landscape (fintech) remained strong in the first half of the year, according to a report by Hampl
19 September 2022
The world's leading financial technology (fintech) vendors and solutions IBS Intelligence, a leading research intelligence group dedicated to the financial technology landscape, has revealed the 2022-edition of its highly anticipated list of top banking technology supplie
06 September 2022
Trouble ahead for BNPL as consumer spending slows Buy-now-pay-later providers are facing a looming storm, as the UK government prepares to bring in long-awaited regulations for the sector.
05 September 2022
Buy-now-pay-later firms brace for financial storm With economic conditions tightening, and investors becoming increasingly wary of risk, the buy-now-pay-later could be on the verge of bursting.
06 June 2022
Trust in FinTechs an opportunity for banking sector 15 years after the global financial crisis, bank customers are often still unconvinced that their money is safe.
10 May 2022
eToro selects Regnology for tax solution Regnology has announced a new partnership with online broker eToro. The former RegTech wing of BearingPoint struck out as an independent brand over the last 18 months.
31 January 2022
Woodhurst launches Open Finance community Digital transformation consultancy Woodhurst has launched a new Open Finance community.
29 September 2021
Greensill Capital lines up Grant Thornton for restructuring Fintech firm Greensill Capital may be heading for bankruptcy after Credit Suisse froze $10 billion of its assets.
05 March 2021
Accenture selects digital ID platform Nugget for FinTech accelerator Self-sovereign digital ID and payments platform Nuggets has been selected as part of Accenture’s FinTech Innovation Lab accelerator programme, in London.
22 February 2021
PwC spins-off its fintech arm eBAM as LikeZero PwC has sold its in-house data capture software to its management team, as changes to auditor independent rules mean the firm cannot effectively grow the business.
20 November 2020
European FinTechs face 'existential threat' as funding dries up Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
Convedo supports Australian FinTech with banking infrastructure Canary Wharf based IT consultancy Convedo has supported Australian FinTech Hay Technology with the launch of its own challenger bank service.
27 August 2020
Retail banks adjust to challenge of FinTechs Traditional banks have increasingly lost clientele to originally non-bank, new players on the market, in recent years.
11 August 2020
Small FinTechs in UK at risk from funding collapse Almost three-quarters of smaller UK FinTech companies have a cash runway of half-a-year, while even more are worried about their next funding round.
07 July 2020
Banks unprepared for FinTech collaborations The legacy IT systems of banks may be preventing effective collaborations with FinTechs; with just 6% of banks currently achieving their desired ROI on such ventures.
23 April 2020
Neobanks struggle to turn popularity into profit Digitally savvy neobanks in the UK have seen their customer-base grow rapidly in the last year, adding around 6 million new users.
17 March 2020
How FinTechs in the UK can take advantage of global demand Despite Brexit, UK-grown financial technology (FinTech) companies continue to attract major interest from international markets.
06 March 2020
Financial services incumbents thrive amid industry disruption While digital disruption has upended many customer-centric businesses, financial services incumbents have more than weathered the storm.
12 February 2020
Accenture FinTech scheme targets women-founded start-ups The London wing of Accenture’s FinTech Innovation Lab has announced it will welcome a new group of start-ups in 2020.
22 January 2020
FinTech investor backs London blockchain consultancy Diacle As the clamour to invest in FinTech expertise continues, blockchain consultancy Diacle has attracted new backing.
30 September 2019
UK digital-only banks could amass 35 million customers Digital-only banks operating in the UK are set to experience massive growth over the next year, and if their current rates of growth continue they could have 35 million global customers by 2020, acco
13 September 2019
The growth of FinTech and RegTech in financial services The financial technology (FinTech) and regulatory technology landscapes (RegTech) are booming, on the back of the growing opportunities they are offering financial services institutions.
02 September 2019
UK FinTech investment doubles to £2 billion FinTech funding has continued to boom in the UK, with the country seeing investment in the sector at the start of 2019 almost doubling on the levels seen over the first six months of 2018.
30 August 2019
Baringa and EY advise on funding round of FinTech firm DivideBuy Consulting firms Baringa and EY were among the professional services firms to have advised on investment in FinTech company DivideBuy.
08 March 2019
Cognizant purchases Dublin-based FinTech innovator Meritsoft International consultancy Cognizant has announced it has acquired FinTech innovation firm Meritsoft, for an undisclosed fee.
07 March 2019
FinTech and challenger banks rapidly changing financial landscape Newcomers in the UK financial services sector are eating into the market share of traditional banks at an unprecedented rate, according to a new study.
07 November 2018
FinTech and RegTech enjoy strong investment in 2018 Investment activity in the FinTech segment has continued apace, topping $30 billion in the second quarter of this year.
18 October 2018
Digital bank platforms rise as co-operation with FinTechs grows Banks are continuing to look at FinTechs for cooperation to develop and market, in order to head off new digitally capable competitors.
16 October 2018
Whitecap to support DIT FinTech Missions to Northern Powerhouse As the UK looks to court FinTech talent from across the world, the Northern Powerhouse project is preparing to welcome two missions from the Nordics in the coming months.
10 October 2018
Chris Allen joins Axis Corporate UK wing from Capgemini Invent In response to a digitalising financial services market, Axis Corporate has hired a new Digital Director to its UK wing.
27 September 2018

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