Onfido and Jumio Battle for Dominance in UK Identity Verification Market
The UK identity verification market is intensifying as Onfido and Jumio compete for fintech contracts amid rising regulatory demands for robust KYC onboarding.
Latest News — Page 8
Nutmeg Surpasses £6 Billion in Assets Under Management After JPMorgan Integration
By Sophie Chen
Nutmeg has reached £6 billion in assets under management following deeper integration with parent company JPMorgan Chase. The wealthtech platform is now offering clients access to institutional-grade fixed income strategies previously unavailable to retail investors.
Chase UK Reaches 2 Million Customers but Faces Questions Over Path to Profitability
By Priya Sharma
JPMorgan's Chase UK has crossed the 2 million customer mark, but mounting losses have sparked debate about the long-term viability of the American banking giant's UK digital venture.
FCA Sets March 2026 Deadline for Operational Resilience Compliance
UK financial firms face a hard March 2026 deadline to meet the FCA's operational resilience requirements, with the regulator warning that firms unable to remain within impact tolerances for critical services risk enforcement action.
ClearBank Crosses £1 Billion in Deposits as BaaS Demand Surges Among UK Fintechs
By Sophie Chen
ClearBank, the UK's first new clearing bank in over 250 years, has surpassed £1 billion in customer deposits as demand for its Banking-as-a-Service infrastructure accelerates.
Zilch Secures £200m Funding Round to Expand Credit Product Range
London-based fintech Zilch has raised £200 million in a Series D round, valuing the company at £2.5 billion as it plans to move beyond BNPL into broader consumer credit.
UK Stablecoin Legislation Clears Parliament, Paving Way for Regulated Issuance
By Raj Patel
Parliament has passed the Payment Stablecoins Act, creating a bespoke regulatory regime that allows authorised firms to issue sterling-backed stablecoins for use in UK payment systems.
Checkout.com Raises £600M in Down Round but Insists Fundamentals Are Strong
By Oliver Trent
Payments giant Checkout.com has raised £600 million in a Series E round at a reduced £8 billion valuation, as the company pivots toward embedded finance and stablecoin settlement infrastructure.
Robo-Advisors Surge Past £50 Billion in UK Assets Under Management
By Sophie Chen
AI-powered robo-advisory platforms have crossed a significant milestone as UK assets under management surpass £50 billion for the first time. Nutmeg, Wealthify, and Moneyfarm are leading the charge as younger investors increasingly favour algorithm-driven portfolios.
SumUp Rolls Out Tap-to-Pay for UK Small Businesses as Contactless Ceiling Rises
SumUp has launched its Tap to Pay on iPhone service across the UK, allowing sole traders and micro-merchants to accept contactless payments of up to £100 without any additional hardware.