Digital lender forced to set aside more cash in face of mounting defaults but logs third straight year of profitability
Growth plans must contend with areas of high unemployment and customers who have fluid living arrangements
Industry challenger breaks even for first time but makes higher provisions for bad loans
Companies such as Monzo, Starling and Revolut have transformed digital banking but traditional lenders still dominate the market
German digital bank has been forced to limit client sign-ups for over two years for poor anti-money laundering controls, but the cap is about to be lifted
Second-biggest backer Chrysalis says online bank set to reap rewards from global rollout of its software platform
Migrating data and computer systems to remote servers gives hackers new ways to attack
More firms may be seeking listings in the next year
SoftBank-backed fintech aims to offer current accounts to existing customers by end of 2024
Raman Bhatia to take up helm in summer following exit of Anne Boden last year
Global bank seeks to take on popular fintechs with its multi-currency service
Apps now core to state-owned lender’s expansion, says president-director
Berlin-based start-up halves losses after investing in fraud prevention and anti-money laundering controls
London-listed fintech steps up due diligence amid geopolitical tensions and sanctions
Appointment of Molo founder Francesca Carlesi follows lengthy wait for crucial regulatory approval
Digital bank valued at £362mn in latest funding round, down from £435mn last year
Machines aren’t just faster than humans at recognising faces, they’re also more accurate
A full uptake would mean significant pain for high street banks in fees and deposits
The question of longer term sustainability still needs to be answered
Just as banks are seeking more deals with fintechs, those partnerships are coming under greater scrutiny from regulators who worry that such tie-ups could open the banks and the US banking system to bad actors
Bill Gates is among the supporters who say DPI is key to reducing poverty but critics warn civil liberties could be at risk
Debit card usage rises even faster, reaching 50 per cent of payments in 2022
Company has to replace chief executive Anne Boden and decide on its strategic future
The country’s financial industry cannot be left behind in a trend that will lower costs and risks in markets
UK fintech expects benefits from monetary tightening to continue
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