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Six ways financial services will adapt to BigTech in the UK market

Six ways financial services will adapt to BigTech in the UK market
Spend a few moments watching the counter at any coffee shop in the UK and it will not be long before a customer reaches for their phone instead of their wallet to pay for a morning espresso.According to UK Finance, 16% of adults are now signed up to make mobile payments. That’s over eight million people. More will follow as COVID-19 increases the... ↪ read more...

OakNorth’s UK bank has approved £600m in loans since March

OakNorth’s UK bank has approved £600m in loans since March
OakNorth Bank – the UK bank operated by fintech OakNorth – has approved £600 million in new loans since 23 March.The bank has approved an average of £150 million in new loans each month since the start of lockdown.The British Business Bank (BBB) has given OakNorth an additional coronavirus loan allocationThe fintech has accreditation under the... ↪ read more...

Savings app for first-time house buyers Nude is raising £3.5m

Savings app for first-time house buyers Nude is raising £3.5m
Nude, a UK fintech offering first-time home buyers a savings account, is raising £3.5 million in a seed funding round.The Glaswegian start-up is securing capital on Seedrs, a London-based equity crowdfunding platform.Nude has already delivered its beta app to 1,000 early testersOne of its co-investors is the government’s Future Fund, which matches... ↪ read more...


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