News. Finance. to allow for analysis of how people use our website in order to Financial News. More than 20 years in the business on its sister, Arum has been chaired by Waller since October 2017. Just’s chairman and founder, Jamie Waller. The latest breaking news, comment and features from The Independent. Arnab Shome | News | Monday, 11/01/2021 | 13:58 GMT+2 2021-01-11T11:58:38+00:00 2021-01-11T12:46:30+00:00. Any fintech story across the globe will be covered but financial crime news and consumer issues edge ahead. That is an increase of 0.7% over the previous three months. Ant Financial in China is the world’s highest-valued FinTech startup, with $22bn raised. Emily Nicolle. Called Just, the start-up is taking aim at the – until now largely undisrupted – debt collection industry in the UK. One is the £75 compliance stage, which covers letters or phone calls, and the £66 court case registration fee. Become a Member. Elsewhere in the world, fintechs have already begun tapping the space. Share this article. That is 7.5% of the working age population. SME credit fintech … This is something utility providers, for example, will value at a time when many have had to forbear all their debts. “When lockdown finishes, they will be in shortfall,” explains Goodwin. The fintech companies in the UK attracted £3 billion ($4.1 billion) investment in 2020, the highest figure across Europe. According to GlobalData analyst Katherine … Top UK Fintech Companies. Cryptocurrencies are crashing, and some FinTech could face collapse, some analysts argue. The fintech will match the data against bureau checks to categorise firms’ customers. Required fields are marked *. “But as a result of COVID-19, this industry has only doubled in size.” For Just, this is good news, however the driver of such growth is largely down to a record number of unemployed people in the UK due to the current economic crisis. This Week in the UK: Fintech News Roundup 20/1 The Fintech Times 12:05. Alleine rund 150 Fintechs bieten Dienstleistungen im Bereich Investment Management an. The law, which has not changed, simply needed clarifying to the industry – it never specified visits had to happen in person. Your Account; Subscribe Today; About Us ; Licensing; Advisory Services; Deans List; Log In; Blockchain courseware; 21/01/2021 21/01/2021 Christian Dreyer. The UK fintech sector has retained its role as the top-ranking investment destination in Europe, with $4.1bn invested across a total of 408 … Due to the fast-changing nature of consumer behaviour, cyber security threats, government and industry regulation, and the technologies available, Fintech … The announcement follows a record trading day, week and month in November for the ‘buy now, pay smarter’ company. Digital lender Blend raises $300m in Series G funding round. Success stories . Established in 1991, UK headquartered IBS Intelligence is the world’s most trusted source of Financial Technology News, Research & Advisory services. There are some 60 utility providers in the UK at present – the Big Six, right down to the smallest. The UK FinTech sector has retained its role as the top-ranking investment destination in Europe, with USD4.1 billion venture capital and growth private equity invested across a total of 408 deals. The newspaper is the first print publication in the UK that focuses on mobile, blockchain, data and artificial intelligence. "Banks have relied on the “five p’s” – people, physical cash, premises, processes and pape… twitter.com/i/web/status/1…, Female-led tax reporting fintech @KAWatsonConsult takes tech into own hands Globally, the UK ranks … Finance Magnates Telegram Channel; … Video: Top fintech stories this week - 15 January 2021. The most recent unemployment rate, which is between August to October 2020, was 4.9%, according to the Office for National Statistics (ONS). Profile. 1s. But it’s too early to say which is the smarter, or more profitable, route. Looking at the sector’s history, there has been one notable acquisition. As well as local government hubs, the start-up is also approaching central bodies such as HMRC, and the DVLA. Goodwin says the fintech has confirmed customers in the litigation and utility spaces. Whilst venture capitalists (VCs) aren’t eyeing up this space, Waller – Just’s chairman – also happens to be the start-up’s VC investor. The “Headline News” articles do not contain extensive research but either provide short updates on relevant subjects, organizations, and individuals or refer to 3rd-party findings and opinions. This website uses cookies, including third party ones, Financial News. Click HERE to find out ⭐ UK Fintech Review Expected to be Released Next Month, Seeks to Boost Fintech Sector Post Brexit. Does the slow pace of UK fintech regulation mean we’re falling behind new challenger hubs like Bahrain? In a months’ time, the fintech plans to launch its ‘virtual enforcement’ offering to the market. Disclaimer: the FinTelegram “Headline News” format curates news about financial markets, investors, and investor protection. "Traditional reluctance about moving to cloud is disappearin… twitter.com/i/web/status/1…, The five p’s of banking The fintech calls its offering “virtual enforcement”. Silicon Valley-based TrueAccord cropped up back in 2013, inDebted has been focusing on Australia since 2016, and CollectAI set up shop in Germany the same year. @SimCorp SFTR solution goes live at Denmark’s ATP Tandem quotes same “material uncertainty” as Monzo in 2019 financials. Alternatively, post a comment by completing the form below: Your email address will not be published. The US remained the leader in global fintech capital raise as the American companies attracted nearly $22 billion funding in 2020. The fintech is also targeting local authorities, of which there are around 360 across the country. improve your experience and our services. Regulators eye big data impact on ratemaking. Vietnamese "super app" hopeful MoMo lands $100m Series D. The fintech's registered users doubled to 23 million in 2020. Gibraltar launches world’s first fintech licence for blockchain, New EU rules increases competition between banks and fintech, Revolut: UK digital bank targets 10 million customers by 2020, Revolut becomes latest UK fintech firm to apply for banking license, UK financial firms innovating more than ever, London fintech firms set for record year of investment, despite Brexit, Brexit raises doubts over UK fintech future, European Central Bank working on new fintech licensing guidelines, The app-only bank is putting gender equality in the board room, UK fintech investment smashes pre-Brexit levels so far this year, Fintech startup launches UK's first free share trading platform, Brexit uncertainty prompts drop in deals for small UK businesses, Islamic fintech firm first to get UK regulatory approval. A total of 1,373 fintech companies have hit at least one of our 8 tracking triggers since 2011, and collectively they’ve raised £14.9b in … The offering isn’t saving money, it’s forcing unnecessary and intrusive visits upon vulnerable debtors. Photo: FM. China is home to the three most highly valued FinTech startups in the world. The SME lender is one of the oldest fintechs in the UK and one of the only alternative lenders to pursue a bold plan to expand globally. UK MP says BNPL firms are “next Wonga waiting to happen”, Walmart prepares launch of its own fintech start-up, Canadian challenger Koho appoints new CTO, Polish consumer protection regulator investigates CD Projekt over Cyberpunk 2077. Here we look at the top UK Fintech Companies in 2020 – the innovative product and service providers who are making finance faster, more secure and more convenient for businesses and consumers alike. Payment infrastructure fintech PPRO scoops £132m in fresh funding AltFi 12:05. 21/01/2021 21/01/2021 rintupatnaik. Lending firm plans to expand team and grow its products with the substantial raise. In the next year, digital challenger banks will have a combined customer base of 35 million, tripling their customer bases of 13 million people today, according to a research by Accenture. Utah-based firm has raised more than $500m since launch. UK FinTech Unicorn Monzo on the course to collapse! | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. … … Save my name, email, and website in this browser for the next time I comment. fintechfutures.com/2021/01/female…, Raiffeisen Bank International [@RBI_Presse] invests in a Romanian start-up Finqware, [@FINQware] which is driving o… twitter.com/i/web/status/1…, Tom Blomfield [@t_blom] exits @monzo and opens up about mental health during COVID-19 Central government has allowed local authorities to raise council tax by 5%, but the Just executive doesn’t think this is enough. Flexible mortgages on rise: London fintech Perenna secures £7.3M funding UKTN (UK Tech News) 11:36. Despite a 9% hit, UK remains top of the fintech investment leaderboard in Europe AltFi 11:44. Jamie Waller, a British businessman who founded the debt collection company, JBW Group, a fintech solutions company, Hito, and later the private equity firm, Firestarters, has founded a fintech. 2 min. The UK has 482 FinTech startups with a combined $18.7bn in funding, making it in the FinTech capital of Europe. British Airways; Bank of England; Thomas Cook: Business News in brief, None of the UK’s most successful tech firms support Brexit. In this list we cover the fintechs you should be watching in 2020. Curve, a London-based fintech that wants to create a “financial … IndyVenture. The Bank of England made a similar prediction, with the unemployment rate peaking at 7.7% in April to June of this year. Curates news about Financial markets, investors, and website in this browser the..., unless done in person – which isn ’ t saving money, it ’ s technology is to! Match the data against bureau checks to categorise firms ’ customers app-only banks profitable or just popular in legal. 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