James Butland

UK-based fintech ClearScore has acquired credit marketplace Aro Finance Limited as part of its strategy to grow its presence in Embedded Finance. #fintechnews #creditmarketplace #embeddedfinance #ThePaypers

Financial Conduct Authority Fines Barclays £40 million Stephen Smart, joint executive director of enforcement and market oversight at the FCA said: "Barclays’ misconduct was serious and meant investors did not have all the information they should have had. However, the events took place over 16 years ago and we recognise that Barclays is a very different organisation today, having implemented change across the business. "It is important that listed firms provide investors with the information they need.” https://lnkd.in/eSE-HFcf Daniel Thornton Pratiksha Patel Luke Peyton Jamie Bell Helen Packard Brian L. Eyles #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Pre-IPO Stock Secondary Market Update | as of Oct 11, 2024 ... In this report: • Page 2: AG Dillon Pre-IPO Stock Venture Capital Fund closing to new investors on Oct 15, 2024 • Page 3-5: Monzo Bank valued at $5.9B following tender offer; OpenAI partners with Hearst; Maven Clinic raises $125M, valued at $1.7B; ByteDance launches AI earbuds, valued at $295B; Cerebras Systems faces IPO delay amid US national security review; Sierra in talks for $4B valuation in new funding round; Numeric raises $28M • Page 6: This Week in Pre-IPO Stocks Podcast • Page 7: AG Dillon Pre-IPO Stock Vintage Index update • Page 8: Current pre-IPO stock secondary market implied valuations • Page 9-10: Pre-IPO Stock revenue multiples • Page 11: Pre-IPO stock secondary market performance

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ClearBank's CEO, Charles McManus, shares his perspective in a recent Bloomberg article on the UK's ambitious new regulations aimed at tackling payment scams. With the Payment Systems Regulator's regime set to take effect on October 7th, the industry is facing significant challenges after one of the 'worst summers for fraud'. 📅 📉 Charles highlights concerns over the tight timeline and the complexity of the new rules, describing the process as "sclerotic and ambiguous," stressing the need for a balanced approach that protects consumers while also fostering innovation within the financial sector. As the FinTech industry adapts to these changes, ClearBank is leading the conversation on how best to navigate the evolving regulatory landscape. 👉 Dive into the full article: https://lnkd.in/exyHgDJ9 #VoiceOfFinTech #Payments #PSRMandatoryReimbursement Adam Jackson | Christopher Foo | Megan Jenkins | Roberto Napolitano, MBA | Lauren McLean

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ColCap UK and Molo Complete £300 Million Securitisation ColCap UK’s Treasurer, Paolo Tanca, commented, “This deal represents a significant milestone for us, showcasing our ability to structure and execute successful RMBS transactions in the UK market. We are excited about the opportunities for future growth and expansion.” Esther Morley Matthew Kimber https://lnkd.in/eyBXKnyR #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Lloyds Bank expands merchant services to PayPoint plc UK SME network The “comprehensive banking and #payments offering” is intended to deliver “growth-boosting benefits” to the network, including next-day settlements, a streamlined onboarding process, and access to additional customer data and insights. https://lnkd.in/ePCWt5R5

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Dear Gold Gods, Breaking News: The Bank of England's resolvability assessment has brought to light crucial reports into the preparedness of banking institutions. In response to a hypothetical failure scenario, commercial banks were required to provide a liquidity analysis within 24 hours, marking a significant acceleration in assessment protocols compared to previous evaluations. Key findings from the assessment include: - Barclays' challenge in demonstrating the prompt production of valuations. - HSBC's need to enhance its equity valuation capabilities. - Lloyds' inadequacy in providing detailed asset and liability valuations. - Standard Chartered's struggle to generate robust valuations during resolution processes. Furthermore, the Bank highlighted areas for improvement, such as Barclays needing to enhance the specificity of its restructuring options and Virgin Money showcasing the integration of its operational capabilities in failure scenarios. For more details, check the articles shared in the comments section below. #BankingNews #BankOfEngland #FinancialAssessment #BankingIndustry #ResolvabilityAssessment Although there is a strong correlation between gold prices rising during times of economic uncertainty, wars, inflation, and currency debasement, this should not be considered financial advice. Past performance is not always indicative of future results.

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Chatsworth client RedCompass Labs' research into banks’ readiness for new EU instant payments regulations has featured in Raconteur’s Future of Payments report published in today’s The Times.   The survey of 200 payment professionals in France, Germany, Italy, Spain and the UK found that 32.5% weren’t confident that their firms would be ready to receive instant payments by the start of 2025. In comparison, only 7.5% were very confident of meeting the deadline. Download the report in full here - https://lnkd.in/endFD-hT #instantpayments #futureofpayments #sepainstant #EU #banking #credittransfers  

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SaaScada is the ONLY core banking provider who has removed the shackles of legacy architecture. 🚀 The purchasing of modules (Lending, Savings, Transactional accounts) 💷 Limited Product Feature Functionality. Large Relational Databases are all things of the past! 💾 Event Driven, CQRS, Removal of the relationship between the Account and the Product - Enabling innovation. 💡 🐴 I said it before. Don't just purchase the faster horse. 🐎 #datadrivencore #differentiator #bethechange #innovation #getridoflegacy

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Monzo Bank Tops 10 Million Personal Customers TS Anil, CEO of Monzo, said: ‘What a milestone to add to an already brilliant year! In just under 12 months, two million more customers have chosen Monzo, which means that now one in five UK adults is a Monzo customer. Welcoming more than ten million people to Monzo is an amazing opportunity and ensures more people than ever can experience the Monzo magic. Our uniqueness is in our connection with our customers - and it’s something we’ll stay laser-focused on as we continue to grow and build more game-changing products that transform peoples’ financial lives. We’ve done so much already but we’re just getting started - I’m so excited about what’s next for Monzo.’ https://lnkd.in/eX4vi5RK Cherry Tam Brunswick Group Irina Sukhikh AJ Coyne Fernando Fanton Mike Bray Matej Pfajfar Dr Greta G. Sujata Bhatia Harry Ashbridge #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Zopa Bank & ClearScore-Led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in Bid to Build the Financial Resilience of UK Consumers Jaidev Janardana, CEO of Zopa Bank said: “We’re thrilled to see the 2025 Fintech Pledge continue to progress so rapidly. While our economy is stabilising and inflation has largely abated, there is no room for complacency. The fintech ecosystem can jump-start the UK economy, helping consumers bounce-back by embracing new behaviours that support their long term financial well-being.” https://lnkd.in/eR7Y2uEZ Wilfred Collins Lucas Germanos Clare Gambardella Peter Donlon Michael Woodburn Vicky Saliari Justin Basini Andy Sleigh Michael Woodburn #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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The Competition and Markets Authority (CMA) has announced the completion of its Open Banking Roadmap unlocking a new era of financial innovation. Ben Beecroft, Head of Monitoring at OBL comments Read more here >> https://lnkd.in/eZSAKjvJ #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #VRPs Financial Conduct Authority | HM Treasury | Payment Systems Regulator

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SME Lender iwoca Secures £270m From Citi and Barclays, Taking Total Investment in the Business Past £1bn Christoph Rieche, iwoca CEO and co-founder said: “This investment will enable us to keep up with the high demand from small businesses for our Flexi-Loan product. Business owners choose us over high-street banks because we make faster lending decisions, typically within 24 hours, and our loan terms are much more flexible. Both of these features are crucial for small business owners, and are only possible due to the technology we have developed over the last decade. With more than 130,000 small business loans processed, we have ample data to build market-leading risk models. This data-driven approach also allows us to lend to businesses that are outside the restrictions imposed by the high-street banks, especially when they don’t have multiple years of trading.” https://lnkd.in/ezXdnC8V #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Quantix Technology Projects, part of Abu Dhabi-based Astra Tech, has announced securing a substantial $500 million financing deal with Citi to bolster its CashNow consumer lending platform. Follow the link for more details: https://lnkd.in/dgaN7E58 #news #financemiddleeast

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Starling Bank’s Screening Failures — A Lesson in Compliance In an era where financial institutions face mounting pressure from regulators, Starling Bank’s recent enforcement action by the Financial Conduct Authority (FCA) serves as a poignant reminder: a robust compliance framework isn’t just a regulatory checkbox; it’s essential for the integrity of the financial system. As regulatory penalties become all too common, any lapse in compliance can have dire consequences.  https://lnkd.in/eEYwzJhu ThetaRay Cedric Iggiotti #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Equity release customers increased by 12% in Q2, with total lending up 15% to £578 million. Over 360,000 customers made voluntary repayments in 2022 and 2023, saving nearly £300 million in future borrowing costs. The total value of these repayments grew by 18%, and average repayment sizes rose by 30%. Overall, the equity market is showing signs of recovery, although there is still a long way to go. Always seek professional advice before considering a lifetime mortgage.

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⚡ The number of SEPA instant payments just went above 3 million daily on EBA RT1 in June, showing 17% growth in volume between January and June alone! However, SEPA is still lagging behind in terms of share of instant payment compared to our neighbours in the UK and Poland. The Instant Payments Regulation will fix that — on paper. On the ground, many banks' legacy payment systems still need to be modernised to support instant payments. Numeral supports financial institutions in complying with instant payment regulations with a fully managed payment infrastructure. Discover some of the functionalities that our platform brings for instant payment: https://lnkd.in/dSqf22Hy #sepa #payments #instantpayments

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