UKRSS

InvestCloud brings fintech incubator to London

Investcloud

US-based InvestCloud is going to launch a fintech incubator and accelerator at its European headquarters in Soho, London. Dubbed InvestCloud Innovation Centre, it will enable start-ups and established firms to create wealth management solutions supported by the InvestCloud platform.

UK regulator calls for more competition in payments

PSR calls for more competition in payments

The UK needs more competition in its retail payments infrastructure. That’s the conclusion of a new report from the country’s Payment Systems Regulator (PSR).

More jobs to go from RBS in UK to India

rbs 2

Job-cutting spree continues at the Royal Bank of Scotland (RBS) – 443 jobs are to go from its business loans department. Many of these will be moved to India.

Canadian robo-advisor Wealthsimple arrives in UK

Wealth simple comes to the UK

Wealthsimple, a Canada-based online investment management service, is coming to the UK.

Starling Bank preps for future with new features

starling bank

UK challenger bank Starling has launched a “Spending Insights” tool and an online community for its users – and it is setting out its future plans. Spending Insights is probably self-explanatory. It works in the app and the bank says it gives users ideas about where they can save money. It shows customers how much […]

Brokers are jokers with Trading 212 zero commission service

Trading 212

Don’t go for broke or a broker – Trading 212 has unveiled the UK’s first zero commission share trading platform. The firm says it allows investors to make ten trades per month and up to £10,000 equity per trade commission free, which it estimates will cover the needs of approximately 90% of its customers. To […]

Moronic UK hacker exploits CYBG loophole to steal £100,000

cybg

A British hacker/moron has been jailed for the theft of nearly £100,000 from Clydesdale and Yorkshire Banking Group (CYBG) by exploiting a bug in its online banking system. According to the BBC, 24-year-old James Ejankowski defrauded the bank of more than £99,000 in December 2016. He spent the money on a BMW, a Range Rover […]

Colu launches local digital currency for London

Colu

Colu, a blockchain-powered platform provider, has unveiled its second currency in the UK – the “Local Pound, East London”. The firm’s idea is to provide people in East London with a digital, localised currency and so create a “closed-loop economy”. It uses Colu’s digital wallet app, and individuals can pay from a smartphone. It is […]

Barclays hit with fraud charge over Qatar capital raising

Barclays-PLC

The UK’s Serious Fraud Office (SFO) has charged Barclays and four of its former workers with conspiracy to commit fraud over capital raising arrangements with Qatar Holding and Challenger Universal. The charge also includes the provision of unlawful financial assistance contrary to the Companies Act 1985. The charges relate to events in June and October […]

UK regulator calls for feedback on consumer access to insurance

FCA keen to explore regtech

Like a bird of paradise, the UK’s Financial Conduct Authority (FCA) is calling again – and this time for views and evidence concerning consumers’ access to insurance. This FCA’s paper looks more broadly at access issues related to insurance but specifically (and a non-fintech point) seeks views on “how consumers with cancer or those in […]

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