By Raj Patel
A new industry survey reveals that 38 percent of FTSE 250 companies now use blockchain technology in their supply chain operations, up from just 12 percent two years ago.
Fintech lenders Iwoca and Tide are filling the gap left by traditional banks in small business lending, with combined SME loan originations exceeding £2 billion in the past year.
The UK government has confirmed that Open Banking-style data portability will be extended to pensions and general insurance under the Smart Data roadmap, unlocking new opportunities for fintech innovation.
Railsr, formerly Railsbank, has completed its corporate restructuring and relaunched with a sharpened focus on embedded B2B payments and cross-border treasury services for UK mid-market firms.
Generative AI-powered virtual assistants now handle the majority of customer service interactions at Britain's largest banks, dramatically reducing wait times and operational costs. NatWest reports its AI chatbot resolves 78 per cent of queries without human escalation.
Hargreaves Lansdown has launched an AI-driven financial planning tool that offers personalised retirement projections and portfolio recommendations. The incumbent wealth platform is investing £150 million in digital transformation to compete with younger fintech challengers.
By Oliver Trent
TrueLayer has raised £90 million in a Series F round led by Addition and Northzone, as the open banking infrastructure provider expands its instant account-to-account payment network across 14 European markets.
By Oliver Trent
Payments processor Checkout.com has acquired embedded payments platform Modulr in an £800 million deal, as larger UK fintechs begin absorbing smaller competitors in a wave of domestic consolidation.
The Bank of England and HM Treasury have opened a second public consultation on the digital pound, focusing on privacy safeguards, programmability features, and the role of fintech firms in distributing a UK central bank digital currency.
UK banks are scrambling to deploy deepfake detection tools after a spate of AI-generated voice and video fraud attempts targeting high-value corporate accounts.