Funding Xchange awarded £5m by BCR

Loan platform Funding Xchange has been awarded £5m by BCR as part of the Pool E allocation of the RBS Remedies fund.

Starling Bank reveals UK SMEs are bullish about their ability to bounce back from...

More than two-thirds of UK SMEs seem to believe they can return to pre-coronavirus levels at the start of 2021, according to new research...

American Express acquires small business loans FinTech Kabbage

American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.

Axle Payments said to raise $27.7m in a round of debt and equity

Axle Payments has reportedly bagged $27.7m in a mixture of debt and equity to increase its market spread.

Mexico-based Creze reportedly bags $12m in funding

Mexico-based FinTech startup Creze has reportedly raised MXN $265m ($12m) in a funding round from unnamed investors based in the country.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

iwoca said to raise £100m as it looks to increase loans issued under the...

Small business loan provider iwoca has reportedly raised £100m in funding to increase its capabilities as a Coronavirus Business Interruption Loan Scheme (CBILS) provider.

Revolut COO Richard Davies leaves to join Allica bank as its new CEO

New business bank Allica Bank has named Richard Davies as its CEO. He joins after having served a year as COO of challenger bank Revolut.

AwanTunai scores $20m in new round

Indonesian lending platform AwanTunai has picked up $20m in a new raise led by Accial Capital.

Selina Finance bags £42m in new round to strengthen its loan capabilities for SMEs

SME loan FinTech Selina Finance has raised £42m in a new round to grow the business.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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