That is 7.5% of the working age population. XBRL News from Russia, India and ISDA. Established in 1991, UK headquartered IBS Intelligence is the world’s most trusted source of Financial Technology News, Research & Advisory services. fintechfutures.com/2021/01/simcor…, Female-founded fintechs accounted for 17% of the UK’s total fintech VC investments over 2020, up 6% from 2019 The mentioned amount was invested across a total of 408 deals last year. Here we look at the top UK Fintech Companies in 2020 – the innovative product and service providers who are making finance faster, more secure and more convenient for businesses and consumers alike. The latest breaking news, comment and features from The Independent. by Mark Lagarde January 22, 2021 January 22, 2021. This website uses cookies, including third party ones, Click HERE to find out ⭐ Innovate Finance: The UK Retains European Fintech Investment Crown in 2020. According to the Global Fintech Index City Rankings 2020, the UK comes in at the second place after the USA in terms of fintech investments (2019), with around 3.7 billion pounds-worth of deals and contracts.Despite being in the second place, people consider London a fintech capital thanks to firms such as TransferWise, Greensill, BGL Group, … Italy’s BNL goes live on Tink open banking service. UK FinTech Unicorn Monzo on the course to collapse! Photo: FM. Photo: Curve. “We integrate the use of external data sources such as CRA (bureau) data,” Just’s chief product officer, Antony Dear, tells FinTech Futures over email. fintechfutures.com/2021/01/spectr…, . “But as a result of COVID-19, this industry has only doubled in size.” For Just, this is good news, however the driver of such growth is largely down to a record number of unemployed people in the UK due to the current economic crisis. Video: Top fintech stories this week - 15 January 2021. Ant Financial in China is the world’s highest-valued FinTech startup, with $22bn raised. The approach is simple. Last Updated 0 Minute ago | Refresh. The implementation is part of an extended deal with BNP Paribas. Sign In. One, according to Goodwin, would be an acquisition in five years’ time. Profile. UK MP says BNPL firms are “next Wonga waiting to happen”, Walmart prepares launch of its own fintech start-up, Canadian challenger Koho appoints new CTO, Polish consumer protection regulator investigates CD Projekt over Cyberpunk 2077. Share this article. 21/01/2021 21/01/2021 rintupatnaik. Called Just, the start-up is taking aim at the – until now largely undisrupted – debt collection industry in the UK. The UK is still the top fintech hub in Europe with $4.1bn in funding. Latest 2020 news articles, blog posts & updates from industry experts. Jamie Waller, a British businessman who founded the debt collection company, JBW Group, a fintech solutions company, Hito, and later the private equity firm, Firestarters, has founded a fintech. Called Just, the start-up is taking aim at the – until now largely undisrupted – debt collection industry in the UK. The announcement follows a record trading day, week and month in November for the ‘buy now, pay smarter’ company. News Switzerland Vertrauen in digitale Anlageangebote wächst in der Schweiz Die Zahl der Fintech-Unternehmen in der Schweiz hat sich in den vergangenen fünf Jahren nahezu verdoppelt. Digital lender Blend raises $300m in Series G funding round. Your Account; Subscribe Today; About Us ; Licensing; Advisory Services; Deans List; Log In; Blockchain courseware; 21/01/2021 21/01/2021 Christian Dreyer. Fintech. This is talking to Taking Control of Goods Regulations, which already provide a compliance stage for payment arrangements, so there is and never was a need to do an intrusive visit to a debtor that wishes to engage and set up a payment arrangement. More than 20 years in the business on its sister, Arum has been chaired by Waller since October 2017. The Biden era is not off to a good start for CyberFinance. UKTN is the leading independent publication, inspiring and connecting UK tech businesses with breaking news, data-led industry analysis, profiles and events . fintechfutures.com/2021/01/female…, Raiffeisen Bank International [@RBI_Presse] invests in a Romanian start-up Finqware, [@FINQware] which is driving o… twitter.com/i/web/status/1…, Tom Blomfield [@t_blom] exits @monzo and opens up about mental health during COVID-19 Best Copy Trading Platforms (2021) 1s. As well as local government hubs, the start-up is also approaching central bodies such as HMRC, and the DVLA. But it’s too early to say which is the smarter, or more profitable, route. But as the demographic of customers in debt shifts and their expectations of digital engagement increases, my expectation is that we will see an increase in the need of open banking across the debt industry.”. The Fintech Times is the world’s first and only newspaper dedicated to fintech. The number of deals in the nation meanwhile increased by 25% to 263. The fintech calls its offering “virtual enforcement”. News. Whilst venture capitalists (VCs) aren’t eyeing up this space, Waller – Just’s chairman – also happens to be the start-up’s VC investor. It means that 1.69 million people were unemployed, and hence susceptible to falling into debt. UK fintech market overview. Arnab Shome | News | Monday, 11/01/2021 | 13:58 GMT+2 2021-01-11T11:58:38+00:00 2021-01-11T12:46:30+00:00. Disclaimer: the FinTelegram “Headline News” format curates news about financial markets, investors, and investor protection. Financial News. Are the UK's app-only banks profitable or just popular? Its future could take two different routes. 1s. The “Headline News” articles do not contain extensive research but either provide short updates on relevant subjects, organizations, and individuals or refer to 3rd-party findings and opinions. Goodwin says the fintech has confirmed customers in the litigation and utility spaces. Just intends to use open banking to build a platform which can extract the same kind of efficiency out of the debt collection industry as other fintech-driven industries. The High Court ruled earlier this month that debt collection agencies can in fact seize a person’s goods virtually, rather than physically. China is home to the three most highly valued FinTech startups in the world. In reality, traditional bailiffs will struggle to operate without in-person visits, which they charge hefty fees of between £190 and £425 to the debtor. 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