This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Aviva, the UK’s largest insurer, will cut 1,800 jobs over the next three years as it looks to rein in costs, reports the Financial Times. The plans to reduce […]
Open banking concerns may hinder global adoption
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Open banking developments are spreading across countries, and while the UK is arguably the most advanced in legislating open banking, other countries, including Australia, are following suit. Business Insider Intelligence And […]
SoFi’s $500 million funding round is a warning for incumbents
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. US-based online personal money management startup SoFi has closed a $500 million funding round led by Qatar Investment Authority, marking the first funding round with Anthony Noto as the […]
US open banking fintech unicorn Plaid has launched in the UK
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Plaid, the US fintech valued at $2.7 billion, has officially launched in the UK — marking its first expansion outside North America, per Financial News. The startup allows consumers […]
Lendy has collapsed amid a UK watchdog investigation
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. UK-based marketplace lender Lendy, which allowed retail investors to lend to property developers, has entered administration amid an investigation by UK financial watchdog the Financial Conduct Authority […]
iwoca is urging the UK government to improve SMB lending conditions
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. UK-based small business lender iwoca has published an open letter, seen by Business Insider Intelligence, addressed to the UK Chancellor Philip Hammond saying that the government’s Bank Referral […]