NEWS – Fintech First

GSMA Report Highlights That Mobile Money Accounts Now Exceed One Billion Worldwide

The GSMA today unveiled the annual ‘State of the Industry Report on Mobile Money’, offering a view of the mobile money landscape and highlighting the impact that greater financial inclusion

Coronavirus Drives 72% Rise In Use Of Fintech Apps

The coronavirus has driven a massive 72% rise in the use of fintech apps in Europe, according to new research published today by deVere Group

Starling adds ‘positive friction’ to gambling block

Starling Bank has introduced a delay to its in-app gambling-block, meaning that customers wanting to turn the block off will have to wait 48 hours before

Barclays waives overdraft fees for customers

UK banks seek to help customers facing a cash flow crunch as a result of coronavirus

Despite pandemic, gaming is well-positioned to withstand recession

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward...

UniCredit shuts down 70% of branch network

Italy's UniCredit is to shut down 70% of its branch network as staff succumb to the Coronavirus outbreak sweeping the country.

UK fintech community comes together to build Covid Credit and let sole traders self-certify lost income

It all started with a tweet from 11:FS co-founder Simon Taylor. If the U.K. government could be persuaded to provide financial support to the self-employed during the Coronavirus crisis, as it has...

Buy now, pay later’ business model faces stern test

Crunch looms for Australian trailblazers of booming sector as Covid-19 fallout hits home

Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers

Europe’s start-up hubs face challengers from the east

New hotspots for growth emerge as tech dominates in FT 1000 annual ranking for 2020

OakNorth ranks top in FT 1000 list by providing loans for smaller businesses

Fintech is one of a few challenger banks to make a profit

Fintech unicorns could see $76bn wiped off their valuations

A recession could hit the largest fintechs the hardest, a new survey shows, as prospects of lucrative 10-figures exits fade