Category: Uncategorized

The FCA Is Making Sure the UK’s Biggest Asset Managers Have a Plan for Brexit

LONDON – The Financial Conduct Authority (FCA) has asked the UK’s largest asset managers for details of their Brexit contingency plans, the Financial Times reported. The FCA, the regulator responsible for the UK’s funds, markets, and financial behaviour, sent a letter...

Metro Bank Completes £596m Acquisition of UK Mortgage Portfolio

Challenger bank Metro Bank plc has announced it has completed the acquisition of a portfolio of majority buy-to-let mortgages from Cerberus European Residential Holdings B.V. The deal, which sees Metro acquire the entire portfolio for £596.7m, has been funded through existing...

How Can Banks Keep Customers Loyal in the Open Banking Era?

There’s a revolution happening in banking. Just when we thought the industry couldn’t get any more competitive, the Open Banking Standard is introduced. Set in motion by The Competition and Markets Authority’s (CMA) investigation into the UK banking industry, this...

Bitcoin Is at Risk of No Longer Being the Biggest Digital Currency

Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe. The value of either, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the...

AWS Slashes Reserved Instances Prices

Price reductions are less common for computer resources than they were in the early days of cloud computing. But AWS customers can still find value in occasional Elastic Compute Cloud (EC2) price cuts. In May, AWS reduced prices on a slew...

Breaking: Lloyds Completes £1.9bn Takeover of Chester Credit Card Business MBNA

Lloyds Banking Group has this morning (June 1) announced the completion of its £1.9bn takeover of credit card business MBNA Ltd. Following the receipt of regulatory and competition approval, Lloyds has now acquired Chester-headquartered MBNA from Bank of America subsidiary FIA...

Customer Centricity Trumps Innovation, Say Gartner Analysts

Innovation might be the buzzword on everyone’s lips but customer and design centricity is what will win the day with customers according to Gartner. This is despite innovation diving in hard, with chatbots and artificial intelligence joining the fray. Part of it...

Google Paid Just £36.4 Million in Tax on UK Sales of More Than £6 Billion. What Made This Possible?

Catherine West is the Labour candidate for Hornsey & Wood Green, in London, in the 2017 General Election. She is also Labour’s foreign affairs spokesperson. In 2015, Google paid back taxes of £130 million to the Exchequer for the previous 10...

Why London is The Best Place for Fintech – Even with Brexit

Eileen Burbidge told WIRED Money how she expects London’s fintech scene to continue to grow over the next few years. If you’re in the fintech business right now, then London is the place to be – even with Brexit. That’s according to...

A ‘Paradigm Shift’ Is Taking Place in Financial Technology

Venture capital firms, which poured $117 billion into fintech startups from 2012 to 2016, have been pulling back on their investments. Meanwhile, established financial firms are positioned to step up their spending. In a big note out to clients on May 18 titled “Fintech:...