The bank has participated in a few different fintech funding rounds as of late; the first was a $5.5 million...
Millennials are one of the largest target markets for digital only banks as they attempt to cut into the dominant...
The UK'S HM Treasury has announced regulations for the BNPL sector in response to controversy. Klarna UK Head, Alex Marsh, responds.
Online lender Earnest is working with Barclays to find a potential buyer; seeking buyout at approximately $200 million; firm has raised over $300 million since 2013 and grown to 200 employees. Source
The UK Financial Conduct Authority has granted Coinbase an E-Money License; Barclays is also allowing Coinbase to access the UK’s Faster Payments Scheme which is the core payment infrastructure in the UK; Coinbase’s Zeeshan Feroz stated, “There is no other exchange today that has access to domestic banking. UK consumers today have to jump through all sorts of hoops around sending money to European accounts using euros in order to get money in and out." Source
clients about starting a crypto trading desk; no plans are set yet but the bank is talking to clients, including institutional clients, about opening the desk as more banks explore the emerging market. Source.
Barclaycard is rebranding as Barclays in the US and launching a digital only bank in 2018; they have been testing the market since last year and plan to fully launch their offering next year; Barclays is more of a household name in the UK but has been offering credit card services under the Barclaycard name in the US. Source.
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