The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds. In fact, rising interest rates, high inflation, and lower consumer spending have led to a sharpened focus on belt-tightening among venture capital (VC) investors in...
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by UK FinTech Growth Partners. The fund, called the Fintech Growth Fund, aims to support growth-stage...
The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking, ultimately, makes life easier for consumers,” said Menon. “The different applications that FinTechs are developing are driving a lot of...
In today’s FinTech news, SoFi expands its banking services, while U.K. FinTech CEOs ask to overhaul regulations. London embedded finance startup Weavr raised funds, while the London Stock Exchange Group acquired an all-in-one trading management solutions platform. Over in Africa, Osahon Akpata, Ecobank’s head of...
March 29, 2023
The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking, ultimately, makes life easier for consumers,” said Menon. “The different applications that FinTechs are developing are driving a lot of innovation — and consumers are getting access to better, more […]
March 11, 2024
Thomson Reuters has reportedly amassed $8 billion to invest in the artificial intelligence (AI) space. In an interview with the Financial Times Monday (March 11), CEO Steve Hasker said the company has “tremendous financial firepower” to expand in the realm of AI-driven professional services and information as it prepares to sell the remainder of its holding in the London Stock […]
August 16, 2023
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by...
February 22, 2022
The London Stock Exchange Group (LSEG) closed a $325 million all-cash acquisition deal for TORA, a single platform for execution, order and portfolio management system (EMS, OMS and PMS). Once...
April 08, 2021
Refinitiv, the data and trading provider owned by London Stock Exchange Group (LSEG), suffered a five-hour outage on Thursday (April 8) that took some of its popular services offline, Financial...
