SMEs get a neat new way to process contactless payments
Business owners will be able to process contactless payments using nothing more than an NFC-enabled Android phone thank to Phos and Mastercard
OpenMoney to provide free Equifax credit reports
OpenMoney will combine Equifax credit data with data provided through Open Banking, enabling customers to see a complete picture of their finances.
P2P sector blasts “disappointing” plans for new consumer investment rules
The P2P sector has already implemented a number of regulatory measures which have improved the safety and transparency of consumer investments
Open Banking: UK Fintechs have asked FCA to adopt a more market-led approach to open finance services
The Coalition for a Digital Economy (Coadec) is recommending a more market-led approach to providing open finance services.
Icount sells entire current account portfolio to fintech challenger Cashplus
Icount has sold its entire 5,000-strong portfolio to leading fintech challenger Cashplus – a company close to becoming a full UK bank.
London’s P2P invoice financing platform MarketFinance increased lending to over £340 million this year
Stocker claims that MarketFinance is now ending the year “stronger, bigger and more ambitious than ever before.”
Fintech trends to look out for in 2021
Across various sectors in 2020, people have embraced the challenges and developed innovative solutions. Fintech is no exception.
Nuapay research shows strong consumer demand for Open Banking to improve payment experience
New data from Nuapay has revealed that consumers are frustrated with the user experience when making card payments online.
