OakNorth Reports £215M Profit Increase with UK and US Lending Growth
OakNorth’s pre-tax profit rose 15% to £215M in 2024. The bank lent £2.1B in new loans, including $685M in the…
Companies Reassess Compliance as a Strategic Advantage in Business Operations
Companies are viewing compliance as a business advantage rather than a restriction. Advanced technologies like AI and ML are improving…
Financial Industry Faces Challenges with Section 1033 Data Sharing Rule
Section 1033 mandates consumer access to financial data but raises security concerns. The banking industry challenges compliance costs and liability…
Revolut CEO Criticizes European Startups for Lack of Work Ethic
Revolut CEO Nik Storonsky criticized European startups for prioritizing work-life balance. Europe faces challenges in scaling startups due to regulatory…
FinTech Firms Compete as Banks Expand Digital Services
FinTech firms face increasing competition as banks expand digital financial services. AI and regulatory compliance are key factors influencing FinTech…
Payoneer Reports Record Transaction Volumes While Assessing Trade Tariff Risks
Payoneer reported a record $80 billion in annual transaction volume and 18% revenue growth. The company’s B2B segment grew by…
Stripe’s Founders Push for Economic Reforms in Europe
Stripe's founders urge economic reforms in Europe, citing financial and regulatory concerns. They highlight limited funding options and complex business…
Banca AideXa Expands in Italy with Banking Licence and Tech-Focused Approach
Banca AideXa offers digital banking and loans for small businesses in Italy. The bank secured a European banking licence in…
Visa Expands Payment Modernization Beyond Cloud Solutions
Visa develops modular payment solutions that integrate new technologies with legacy systems. Tokenization and flexible credentials improve security and transaction…
ClearScore Secures £30M Debt Financing from HSBC to Expand Operations
ClearScore secured £30M in debt financing from HSBC Innovation Banking. The funding will support growth, acquisitions, and product expansion. ClearScore…
