Financial Services

HSBC and Goldman Sachs back UK fintech startup Bud

Bud, a UK fintech startup that helps banks connect their apps to products from third parties, has raised $20m in a funding round led by HSBC. The Series A round

Financial Services

Chinas Didi gets into financial services

Ride-hailing firm Didi Chuxing is continuing to diversify its offering – this time with the addition of a suite of financial services products in China. The new service will offer

Financial Services

Facebook in talks with banks about handing over your financial data

Facebook has been in talks with large US banks over the possibility of sharing financial information about customers and integrating this data into the social network. According to The Wall

Financial Services

CLS, IBM, Barclays, Citi trial blockchain-based financial app store

Foreign exchange settlement firm CLS has teamed up with IBM and nine financial institutions, including Barclays and Citi, to begin testing a platform that provides the financial services industry with

Financial Services

Majority of UK consumers are using financial apps but remain unaware of Open Banking

70 per cent of UK consumers now use financial apps to keep control of their money – a significant increase from the nearly 40 per cent that were using the

Financial Services

UK to setup cryptocurrency taskforce under fintech plans

The UK government has plans to setup a taskforce dedicated to the managing of risks around crypto assets, as it seeks to place itself at the forefront of the use

Financial Services

Grab dives deeper into fintech with move into lending

GrabPay managing director Jason Thompson Ride hailing service Grab has joined forces with Credit Saison, Japan’s biggest lender, to expand its financial services offering to include loans. Through the joint

Financial Services

UK mothers spend more than two hours a day on social media

UK mothers spend two hours and 12 minutes on social media each day, as well as having seven social media accounts, on average, according to a report from GlobalWebIndex ahead

Financial Services

JP Morgan acquires WePay for small business payments solution

JP Morgan Chase has acquired online payment platform WePay for an undisclosed sum. The bank intends to use WePay’s APIs to help small business integrate payments into their software, with

Financial Services

$15.2bn Funding for Fintech Companies in 2016

Global investment in fintech companies stands at $15.2bn (£12.2bn) for the year so far, according to an Innovate Finance report – exceeding the 2015 total after just three quarters. The highest

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