Category: Uncategorized

The UK Financial Sector Could be £43 Billion Stronger After Brexit with City ‘Roadmap’

LONDON — A lobby group for the UK finance industry claims the sector could add £43 billion to the UK economy by 2025 if industry, regulators, and the government pull together to work on a “roadmap for change.” PricewaterhouseCoopers (PwC) and...

Hackers Steal Bitcoin Funds from Bithumb Exchange Traders

One of the world’s largest cyber-currency exchanges is under investigation after it acknowledged that one of its employee’s PCs had been hacked. South Korea-based Bithumb has said that it believes personal details of more than 30,000 of its customers were stolen...

Bank of England’s Michael Saunders: ‘Prepare for Higher Interest Rates’

The MPC member on why he voted for a rise – and why policymakers should not hold fire during Brexit talks Households should prepare for interest rates to rise as the Bank of England withdraws some of the emergency support it injected into...

Banking Startup Tide Raises $14 Million to ‘Give Small Businesses Back Their Time’

Banking startup Tide raised $14 million in one of the largest Series A funding rounds closed by a fintech company this year. Tide, a digital-only banking app aimed at small businesses, has also partnered with online lender iwoca, in a move to...

Barclays Picks Dublin for Its European Hub

Barclays has picked Dublin to ­become its post-Brexit European hub as banks step up plans to protect their access to the EU once the UK leaves. The bank has agreed to the terms to rent bigger premises in the Irish capital as...

At Least 12 Banks Are Moving Some Operations from London to Dublin After Brexit

LONDON — The exodus has begun. Irish authorities have clinched deals with more than a dozen London-based banks to move part of their operations to Dublin in preparation for Brexit, according to a Guardian report. Kieran Donoghue, the head of international financial services...

Natwest Has Partnered With a London AI to Trial Conservation Analytics

UK bank Natwest has partnered with London-based AI startup Recordsure to trial a new AI-powered compliance tool that can understand the human conversation and use contextual cues to monitor and classify sections of conversation. The bank is exploring the so-called ‘RegTech’...

Why Retailers Choose Divido Over PayPal Credit for POS Finance

Point of sale (POS) finance is exploding in popularity. According to Apex Insight’s 2017 report, POS lending stands at over £4bn a year in the UK alone. By offering POS finance, retailers can boost sales, average basket size and customer loyalty....

`Hole in The Wall´ Proving Cash Is Still King on 50th Birthday

The cash machine celebrates its 50th birthday today – with the “hole in the wall” remaining a popular way for people to manage their day-to-day money half a century after it first appeared on the UK’s streets. The world’s first ATM...

Banking Brexodus? One Year on, This Is What Banks Have Said About Brexit And Job Moves

In the year since the UK voted for Brexit, one of the hot topics for discussion in the City has been job moves. In February, Brussels think tank Bruegel estimated that 10,000 UK banking positions could be shifted to the EU...