fintech

UK challenger bank targets US’s mid-tier banking sector with tech platform

Starling Bank has created a US subsidiary where it will target mid-sized banks with its banking software as a service (BaaS) offering. The tech operation of Starling Bank has already won customers in Europe and Australia for its platform, which was originally launched in the UK in 2018 and rebadged as Engine in 2022. Its…

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Bridging Borders: The rise of Ukrainian-British tech collaboration

The past year has been crucial for Ukrainian-British tech cooperation. As one of the leading IT service exporters, Ukraine’s presence in the UK has never been stronger, with business ties growing deeper. Recently, the IT Ukraine Аssociation (ITU) published a comprehensive report on the state of the Ukrainian tech ecosystem. According to the report, Digital…

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Fintech body calls on government for national anti-fraud centre

Fintech trade body calls on the government to establish a national centre to help businesses across different sectors fight fraud through data sharing. Innovate Finance said that current data sharing initiatives designed to fight fraud operate in silos, which means the country lacks the “critical mass” or “scale” needed to stop fraudsters. The call for…

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Can regulatory oversight alone unlock cloud competition?

Cloud computing’s rise is a success story under scrutiny. It has been nothing short of transformative, enabling businesses to scale operations, innovate rapidly, and optimise costs. It has become an essential pillar of modern enterprise IT, supporting mission-critical workloads across industries. From finance and healthcare to artificial intelligence (AI) and retail, the cloud is now…

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Government announces inevitable end to Payments Services Regulator

The government has canned the Payments Services Regulator (PSR) to reduce red tape as part of its Plan for Change. PSR activities will be transitioned to the Financial Conduct Authority (FCA), which will provide “one port of call” to payments system providers rather having to deal with multiple regulators. In November 2024, a speech given…

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Podcast: S4Capital’s Martin Sorrell on AI and the enterprise

Sir Martin – founder of what became the world’s largest advertising company, WPP – is now chairman of the board of S4Capital, which aims at digitally native delivery of services.He talks about the use cases in advertising and marketing, limited currently, but where activities like planning and buying media will likely become automated by AI…

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European fintech must take different path to Trump’s US on diversity

The European fintech and banking industry must not follow Trump’s US in cancelling workforce equality programmes and must instead continue to enforce diversity, equity and inclusion (DEI), according to Wincie Wong, co-founder of Tech She Can. During a session on women in fintech at Finovate Europe last week, Wang reflected on the direction of travel…

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Government seeks payments tech partner through £49m contract

The UK government has begun its search for an IT supplier to support its plan to build open banking capabilities into its payment platform. The Government Digital Service (GDS) is looking for a tech supplier to start work in July this year, in a three-year contract worth £49m. The GDS, which is part of the…

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The death of the piggy bank marks coming of age of a fintech

Those Beyond started life as the tech lab of fintech unicorn Thought Machine, supplying cloud-based core banking systems to the world’s biggest banks. Now, after setting off in a different direction to its former parent, it is on an innovation journey that started with a product not aimed at the JP Morgans or the Lloyds…

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UK’s female fintech leaders hit harder by investment collapse

The women behind fintechs still face discrimination when seeking investment, despite the issue being an industry talking point for years, according to figures from a UK fintech industry body. Innovate Finance’s numbers, which revealed UK fintech investment dropped by double the global figure, also unearthed the worrying detail that investment in fintechs led by women…

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