MarketFinance secures Deutsche Bank’s backing to support UK SMBs
Credit platform MarketFinance has secured debt financing from Deutsche Bank to partly fund £100m of loans to SMBs in the…
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Lloyds Banking Group to shutter additional 28 branches
Lloyds Banking Group is planning to shutter another 28 branches across the UK due to declining usage of branches for…
NatWest plans new digital banking arm for UK SMBs
Banking group NatWest is looking to launch a separate digital bank for small businesses in the UK, Bloomberg reported. As part of…
CoLG raises fresh funds to accelerate digital development of Recognise Bank
City of London Group (CoLG) has raised £8.7m in new capital for its subsidiary Recognise Bank, which is focused on SMEs in…
UK-based BaaS fintech Griffin applies for banking licence
UK-based fintech Griffin has submitted its banking licence application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Griffin…
UK proposes law to protect access to cash and help scam victims
The UK government is stepping up efforts to ensure that people have access to cash and scam victims are better protected. The…
Yapily to buy open banking firm finAPI
UK-based fintech startup Yapily has signed a deal to acquire open banking firm finAPI for an undisclosed sum. As a part…
Citi unveils SEPA Instant Payments in European market
Citi has launched Single Euro Payments Area (SEPA) Instant Payments in Europe to bolster its payment offering portfolio. The new offering will…