UK open banking fintech Yapily announces expansion in Vilnius
Yapily, a London-based fintech startup, has announced plans to set up in Vilnius, Lithuania, the company’s third European office.
Numbers stack up for UK open banking three years on
Figures from the UK Open Banking Implementation Entity (OBIE) said more than four million open banking payments were made in 2020.
Lloyds Banking Group and Fintech Scotland to support high-potential startups and early-stage businesses
Lloyds Banking Group, which owns the Bank of Scotland, has introduced the next phase of its plan to support Scotland’s Fintech workforce.
Admiral Financial Services to adopt open banking through Credit Kudos partnership
Admiral Financial Services has selected Credit Kudos to provide Open Banking data to initially help with income verification.
Yapily finds Open Banking is top priority for UK banks in 2021
New data released by Yapily has revealed how open banking connectivity has become a top priority UK banks as we head into 2021.
Lloyds to licence invoice financing technology from Satago
Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line. As part of the pilot, Lloyds Bank will be extending financing to its customer base utilising Satago’s digital cashflow management and invoice financing platform. Satago will be paid a recurring fee for each customer of the Bank that utilises the technology. Sinead McHale, CEO of Satago, says: “Lloyds’ brand and reach, combined with our technology and speed of execution, is a great example of how established banks and innovative Fintech companies can work together to deliver better outcomes for SMEs.” […]
Allica Bank hires three fintech heavyweights
Business bank Allica Bank has continued its recent growth with a trio of senior fintech hires.
Santander takes big stake in UK FinTech
Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. 4). The Ebury payments platform gives small and medium-size companies the ability to trade internationally. The acquisition is scheduled to close in the first quarter of next year and is intended to help boost Santander’s global payments business. “Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60 percent of total employment and up to 40 percent of national GDP in emerging economies,” said Santander’s Executive Chairman Ana Botín. […]
