Ratesetter raises £20m in latest funding round
Ratesetter raised £20 million in a new round of funding from Artemis and Woodford Investment Management, as well as previous shareholders Ken Costa and Charles Peel.
Ratesetter raised £20 million in a new round of funding from Artemis and Woodford Investment Management, as well as previous shareholders Ken Costa and Charles Peel.
The Co-operative Bank will close another 57 branches in 2015, and expects to see further job losses as customers migrate to mobile and digital banking.
American consumers are becoming increasingly comfortable carrying out basic banking transactions on their mobile, according to a Federal Reserve Board report released on Thursday.
Mobile payment platform Dream Payments has raised $6 million in funding from Canadian early stage FinTech venture capital and private equity firms.
The UK and Ireland accounted for more than 42 per cent of European FinTech investment in 2014, boosting Europe’s position as the fastest growing region in the world for investment in financial technology.
The Bank of England mishandled the breakdown of its electronic payments system in October, an independent report has said.
US-based Global Payments has picked up Irish payment technology company Realex payments in a deal worth €115 million.
The Barclays Accelerator will support cutting edge encryption technology for cyber security, a new bond marketplace and a Bitcoin company, along with seven other breakthrough startups.
The arrival of digital banking apps and the Faster Payment System are making it easier for customers to move their money. But this could make banks more vulnerable to a run on deposits, financial institutions and regulators have agreed.
Thanks to a transfer error, a NatWest banking customer from Barnsley found an unexpected £1 million in his savings this week – but chose to give it back.