Allianz, UBS, Barclays in investments this week
European Investment Fund has withdrawn funding to British start-ups. The Fund, which has, at times, accounted for up to a third of all the investment in UK-based venture capital funds, put just [...]
Paypal, Samsung, Yolt, Revolut in Payments
MF head, Christine Lagarde, has suggested that the development of bitcoin and other digital currencies could make the global financial system safer, despite the ‘inevitable’ accidents PayPal has [...]
CYBG, Dealogic, Metro Bank, Barclays, Centtrip and Transferwise
CYBG is planning to launch a new service in May 2018 allowing users of its B smartphone app to access new open banking technology and see their accounts with other lenders. The B app is used by [...]
Virgin Money, Openwork, Old Mutual Wealth, Hargreaves Landown, LV in Investments
Virgin Money is planning to overhaul its controversial £2.7bn tracker fund, which charges investors 17 times the fees of comparable alternatives. An announcement on the changes will be made after [...]
Clearbank, Sainsburys, Ripple, Samsung and Square in Payments this week
ClearBank has partnered with Allpay to offer its ‘banking-lite’ services for the prepaid card market, enabling Allpay to provide a virtual account platform to its clients and customers, with [...]
HSBC, Civilised Bank, Moody and Starling Bank
HSBC is planning to integrate Quantexa’s AI software to screen the data it holds on customers and their transactions against publicly available data, in a move to identify suspicious activity. [...]