Curve and Plaid team up to bring open banking to UK customers
Smart banking platform Curve has joined forces with Plaid to help people manage their money. The Curve app allows people from the UK to spend from multiple bank accounts using a single debit card. It aims to give customers a better insight into their spending behaviour and more control over their finances. The London fintech startup will use Plaid’s Open Banking platform and database to connect accounts from banks such as Monzo, Starling, Barclays and HSBC. App users will be able to see the balances from all their connected accounts which will be refreshed automatically when they open the app. Curve hope that this will encourage people to make better […]
Chip preps £10m crowdfunding campaign
UK smart savings app Chip says 25,000 people have pre-registered for its upcoming Crowdcube campaign, which aims to raise £10 million.
ID Finance secures £1.5m within minutes on Crowdcube
ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors. The data science, credit scoring and digital finance company has a crowdfunding target of £2m and is inviting interested parties to invest at https://www.crowdcube.com/idfinance. ID Finance’s proprietary risk management system uses machine learning and advanced data science techniques to provide competitive financial services to the underbanked and help customers build their credit profile. Anyone with a smartphone in Spain, Brazil and Mexico can apply online for a loan via its Moneyman and Plazo brands, regardless of their credit history. […]
Oxford University is getting into fintech
Oxford University is branching out into fintech prepare business executives for a future where more financial services functions are based around tech.
UK dominates FinTech50 list of innovative financial technology firms
British FinTech firms have dominated this year’s FinTech50, a list of Europe’s most innovative financial technology companies. Some 33 of this year’s top 50 firms are based in London, cementing the UK’s position as the leader in European FinTech. The list is compiled by a panel of “industry experts” – including venture capital investors, startup founders, and European politicians – and aims to recognise firms that are “transforming financial services” at all stages of growth. 11 UK tech entrepreneurs make it on to Forbes’ 30 Under 30 listBritish firms included on the list include challenger banks Atom Bank and Monzo, InsurTech app Cuvva, and investment app LendInvest. This year’s list […]
Bitcoin prices surge, here’s why cryptocurrency is skyrocketing
Bitcoin prices are skyrocketing. Business Insider reported Thursday bitcoin hit a record high, exceeding $2,700 per coin, up from $1,400 on May 1. The world’s second most influential cryptocurrency, Ethereum’s ether tokens, also broke its record this week. Ether is now evaluated at more than $200 per token, CoinMarketCap reported. For comparison, ether was selling for just $60 on April 27. There are a variety of factors driving up the market value of cryptocurrencies. The past few weeks have seen increased corporate investment in Ethereum, alongside a global “blockchain boom,” where companies like Ripple and IBM announce partnerships with leading financial institutions around the world. Japan has even kickstarted the […]
Humaniq to use blockchain for social good
A London/Luxembourg start-up is planning to use the blockchain to create a new kind of bank that will help tackle global poverty. It will enable people to use its cryptocurrency to donate or lend money, and bring banking services and income generation opportunities to “the last billion”. Humaniq has been developed by a group of people, many with experience in cryptocurrencies, who have seen the potential of biometrics, blockchain and mobile to help solve a number of social and economic problems. The challenge they aim to tackle is considerable. “Over 2 billion people in the world don’t have bank accounts. About 1.5 billion people don’t have any identification documents. They […]
Alphavend installs second bitcoin ATM in London
Bitcoin ATM specialist, AlphaVend is pleased to announce the installation of its second London ATM, (the third nationally) strategically situated between Euston and Kings Cross underground stations. The UK’s largest independent high street provider of foreign exchange services will play host to the ATM which is located at the No1 Currency store, 128 Euston Road. Customers can buy the digital currency from the ATM, as well as all availing of the 50+ foreign currencies offered over the counter by No1 Currency. The location of the Euston Road store, which is open 7 days a week, provides a unique business opportunity with annual footfall estimated to be in excess of 6million […]
