Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.
Fintech startup Revolut has introduced a new trading feature for premium users.
Credit Sesame introduced Sesame Cash, a free digital bank account as part of a new smart digital banking service that will help consumers grow their cash and credit in one place for free as they spend and save.
SoftBank-backed lender OakNorth Bank almost doubled its profits in 2019 but slowed down its pace of expansion as economic concerns discouraged...
Tandem Bank, the UK challenger which sparked reports of its funding nearly a year ago, has finally landed its investment round of £60 million and intends to buy a green lender that helps consumers buy solar panels.
Barclays has announced a major staff shake-up affecting more than 1,000 workers including the closure of a site in Leeds. The bank is also set to put a further 340 staff on notice for job cuts or relocation across the country, pushing the total jobs affected to 1,140.
For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*
Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.