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  • @fintechna 3:53 am on October 14, 2018 Permalink | Reply
    Tags: , , , , London’s, ,   

    London’s Metro Bank Adds AI-Driven Advice 

    London’s has developed an engine with Personetics to help users manage their money better by getting to know their earning and spending patterns.
    Financial Technology

     
  • @fintechna 12:18 pm on January 6, 2018 Permalink | Reply
    Tags: Area, , , , London’s,   

    London’s Fintech Sector is Top Area for VC Investment in Europe 

    Brexit is on its way, and PSD2 is right around the corner for the EU, and while FIs and fintechs alike are preparing for these changes, one thing is certain: investors still think of London as &;s hub. This is evident in a new report that shows VC in U.K.’s tech is [&;]
    Bank Innovation

     
  • @fintechna 8:53 pm on September 26, 2017 Permalink | Reply
    Tags: , , , , , London’s, ,   

    What Are Our Customers Doing, London’s Metro Bank Asks Its Data 

    , the first new high street bank in the U.K. in more than 100 years, is making extensive use of Microsoft , along with the Temenos banking platform, to understand its and improve service.
    Financial Technology

     
  • @fintechna 10:52 pm on September 3, 2017 Permalink | Reply
    Tags: , , , , , London’s, ,   

    What Are Our Customers Doing, London’s Metro Bank Asks Its Data 

    , the first new high street bank in the U.K. in more than 100 years, is making extensive use of Microsoft , along with the Temenos banking platform, to understand its and improve service.
    Financial Technology

     
  • @fintechna 3:52 pm on June 13, 2017 Permalink | Reply
    Tags: , , , , , London’s, ,   

    What Are Our Customers Doing, London’s Metro Bank Asks Its Data 

    , the first new high street bank in the U.K. in more than 100 years, is making extensive use of Microsoft , along with the Temenos banking platform, to understand its and improve service.
    Financial Technology

     
  • @fintechna 3:35 pm on November 30, 2016 Permalink | Reply
    Tags: Approved, , , , , Licensed, London’s, Micronics, , , , Taxi,   

    Star Micronics To Provide London’s Licensed Taxi Drivers With TfL Approved Card Payment Bundle 

    International POS printer manufacturer Star Micronics announced that its SM-L200 mobile printer has been selected by iZettle to with a TfL approved card payment bundle that offers a range of key features and benefits.

    nimbus-image-1480494268787

    SM-L200 mobile printer

    Following the requirement for taxi drivers to accept and contactless payments as well as provide receipts for those payments upon request, iZettle has partnered with to provide the following :

    · iZettle Card Reader Pro Contactless

    · Star SM-L200 Bluetooth receipt printer

    · Card reader mount for passenger compartment

    · Receipt printer mount for driver compartment

    nimbus-image-1480494363035

    iZettle Card Reader

    With iZettle Card Reader Pro Contactless, taxi drivers can accept all major credit cards (including American Express) as well as contactless payments through Apple Pay, Google Wallet and others. For receipting, the super compact lightweight SM-L200 Bluetooth printer from Star offers a high print speed, LCD display and 1.2m drop test capability. Beyond a low power usage, the advantages of BLE with this printer include simple installation given its auto pairing facility with multiple Bluetooth 4.0 Apple iOS devices.

    nimbus-image-1480494483308

    As Annette Tarlton, Marketing Director, Star EMEA, states: “Star is delighted to be partnering with iZettle to provide London’s licensed taxi drivers with a reliable and cost effective card and printing bundle.”

    The post Star Micronics To Provide London’s Licensed Taxi Drivers With TfL Approved Card Payment Bundle appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 3:36 pm on June 18, 2016 Permalink | Reply
    Tags: , , , London’s, one, , Stars,   

    London’s Fintechs: Top 10 Rising Stars 

    Although not as large as in the US, London has a burgeoning startup ecosystem that leads the European market. In the field of , though, London is the world&;s number .

    The UK, which employs some 61,000 people in the financial sector, ranks ahead of other competitors. In 2015, fintech generated £6.6 billion (US$ 9.41 billion) in revenue, and accounted for 32% of all revenues generated across in-scope regions.

    london fintech startups 2016

    Image credit: Tower Bridge in London by Mapics, via Shutterstock.com

    In a report commissioned by the UK&8217;s HM Treasury released earlier this year, EY argues that the UK&8217;s strong fintech ecosystem could be in part explained by its world-leading fintech policy environment. This prosperous environment includes supportive regulatory initiatives, tax incentives, and government programs designed to promote competition and innovation.

    London in particular has a number of very successful fintech startups which grew on to become unicorns. These billion-dollar ventures include Skrill, the popular e-commerce business providing online payments and money transfers services; Wonga, a payday loan company offering &;short-term, high-cost credit;&; TransferWise, a peer-to-peer money transfer service; Funding Circle, a peer-to-peer lending marketplace; and Markit Group, which provides independent data, trade processing of derivatives, foreign exchange and loans, customized technology platforms and managed services.

    Powa Technologies, once valued at US$ 2.7 billion, collapsed into administration in February this year after blowing through more than US$ 200 million of investors&8217; money. Powa Technologies, which provides mobile commerce and e-commerce services, was struggling to sign clients, struggling with management dysfunction and a demoralized workshop, according to a report by Business Insider.

    Powa, which appointed Deloitte as administrators following its failure, was eventually broken up and two of its units, namely PowaWeb and PowaTag, were sold to separate groups of investors.

    Like anywhere else, there are winners and losers, but today, we will focus on London&8217;s top 10 :

     

    WorldRemit

    worldremit logo london fintech startupsFounded in 2009, WorldRemit offers much cheaper international money transfer services than traditional players and further allows users to send money to and from smartphones.

    WorldRemit has raised over US$ 145 million so far and was valued at US$ 500 million in a US$ 100 million funding round last year, according to the Financial Times.

     

    RateSetter

    RateSetter london fintechRateSetter is a peer-to-peer lender that lets users lend their savings out to individual borrowers. The platform has lent over £1.2 billion (US$ 1.72 billion) since launching in 2009.

    RateSetter has raised over US$ 10 million in funding so far. The company is known for having introduced the concept of a &8220;provision fund&8221; into peer-to-peer lending and has recently announced plans to broaden its client list to include small and middle-sized enterprises.

     

    Crowdcube

    crowdcube london fintechFounded in 2011, Crowdcube is an equity crowdfunding platform that lets companies raise money by selling shares online, and people to purchase equity in unlisted, UK-registered, businesses.

    The platform has helped 400 businesses raise over £160 million (US$ 228 million) from over 280,000 investors since it launched in 2011. Crowdcube has raised US$ 18.6 million in funding so far.

     

    Zopa

    zopa london fintechFounded in 2005, Zopa is the world&8217;s oldest and Europe&8217;s largest peer-to-peer lending platform service that lets users lend money to others. Zopa, an award-winning loan provider, has lent over £1.53 billion (US$ 2.19 billion).

    Zopa is also a founding member of the Peer 2 Peer Finance Association industry group. The company has recently branched into the car loan refinance market and phone finance.

    Zopa has raised over US$ 55 million in funding.

     

    Seedrs

    seedrs fintech londonSeedrs is an equity crowdfunding platform for investing in startups and later-stage businesses throughout Europe. Founded in 2012, the platform lets users invest as little as £10 or €10 into the businesses.

    Seedrs has allowed £130 million to be invested in over 350 deals since the platform launched. In 2015 alone, 38,000 individual investments were made on Seedrs worth £64 million (US$ 91.5 million).

    Seedrs has raised over US$ 21 million in funding so far.

     

    iwoca

    iwoca fintech londoniwoca is an award-winning finance provider for small businesses in the UK, Poland, Spain and Germany. iwoca offers flexible credit, allowing businesses to get up to £100,000 in credit facility. The company is partnered with Alibaba to offer a trade finance product, e-Credit Line, to businesses purchasing from Chinese suppliers.

    iwoca has raised US$ 31 million in funding. The company was founded in 2011 by two ex-investment bankers from Goldman Sachs and Deutsche Bank.

     

    Atom Bank

    atom bank london fintechAtom Bank is what we call a &8220;neo-bank,&8221; a branchless, app-only bank. Founded in 2014, Atom Bank received its banking license in June 2015 and launched its app in April 2016.

    Atom Bank is backed by Spanish bank BBVA, Woodford Investment Management and Toscafund Asset, and has raised over US$ 196 million so far. Atom Bank is targeted at the millennial generation.

     

    Currency Cloud

    currency cloud fintech londonCurrency Cloud provides &8220;cross-border payments as a service.&8221; The company&8217;s platform leverages the cloud to provide access to and optimize across a multitude of payment networks and exchange rate providers, and at cheaper costs. Currency Cloud&8217;s technology powers some of the industry&8217;s biggest names including WorldRemit and TransferWise.

    Founded in 2012, Currency Cloud has raised US$ 35 million in funding.

     

    Tandem

    tandem bank fintech londonFounded in 2014, Tandem is an app-only bank which made headlines earlier this year when it successfully raised £1 million (US$ 1.43 million) in its first crowdfunding round in just 15 minutes.

    Tandem, which has yet to launch, has already been granted a banking license and has been valued at £65 million (US$ 92.9 million), according to Business Insider.

     

    SETL

    Setl blockchain fintech londonFounded in 2015, SETL develops and provides infrastructure for finance firms.

    SETL has launched earlier this month the OpenCSD, a blockchain powered platform that enables market participants to run permissioned registry service for payments, settlement and clearing of cash and other financial instruments.

     

    If you are interested in learning more about London&8217;s fintech scene and emerging trends in digital finance, two events will take place in London in the coming months.

    London Fintech Week, which will take place between July 15 and 22, 2016, will dive into the city&8217;s thriving fintech community. The week-long event will tackle anything from blockchain tech, payments technologies, to capital markets and insurtech.

    Special Offer: Sign up now with code FTSW to get 15% discount for event registration!

    Another event, the Global Expansion Summit, will cover the broader digital economy on October 17 and 18.

    Special Offer: Sign up now with code FINTECHNEWS to get 20% discount for event registration!

     

    Featured image: Millennium Bridge in London, by Songquan Deng, via Shutterstock.com.

    The post London&8217;s Fintechs: Top 10 Rising Stars appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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