London-based Open Banking infrastructure provider TrueLayer has closed a £130 million Series E round as it bets on Pay by Bank becoming the dominant checkout option across European e-commerce.
US payments giant Stripe has agreed to acquire London-based direct debit platform GoCardless for £2.1 billion, marking the largest cross-border fintech acquisition involving a UK target this year.
By Priya Sharma
Facial recognition and behavioural biometrics are becoming standard security features as UK challenger banks report a twofold increase in biometric login adoption over the past year.
Revolut has entered the UK mortgage market with a digital-first home loan offering, signalling the fintech giant's ambition to become a full-service bank.
Listed SME lender Funding Circle is shifting its strategy toward embedded lending partnerships with banks and platforms, signalling a new chapter for the UK's best-known alternative finance provider.
Nearly 50 UK fintech firms have been required to restructure their pricing models following FCA enforcement action under Consumer Duty rules, with the regulator warning that hidden charges remain a persistent concern.
By Sophie Chen
Seed-stage investment in UK fintech startups jumped 28 percent in the second quarter of 2025, driven by accelerator programmes betting heavily on artificial intelligence applications in financial services.
Clearpay has introduced dynamic AI-driven credit limits that adjust in real time based on user spending behaviour, as the BNPL sector prepares for full FCA regulation.
Zego has been granted a full UK insurance licence by the PRA, enabling the insurtech to underwrite policies directly rather than relying on capacity partners. The move is expected to improve margins and accelerate product development for gig economy workers.
The Bank of England has launched a live pilot programme for the digital pound, partnering with five major UK banks to test retail CBDC transactions across 10,000 volunteer consumers.