Bunq: Revolut rival eyeing up UK banking licence bid Fintech Europe’s second largest digital bank is gearing up for a bid for a UK banking licence, CityAM can reveal, as the firm puts its hat in the ring in the fight to claw market share from fintech leader Revolut. Bunq – which reached 20 million users in just a decade – is understood to [...]
Lloyds Bank and Halifax customers hit with app outage Banking Lloyds Banking Group has been rocked with another outage as thousands of customers report issues with their online services. The financial services giant was flagged with a spike on the online outage tracker Downdetector at around 11:15am on Wednesday as users reported issues. Across the group – which includes Lloyds, Halifax and Bank of Scotland [...]
This is why the City’s fintech IPO boom hasn’t happened yet Fintech Hopes remain high for a flurry of fintech listings, in this week’s column Samuel Norman takes a look at whether this could come to fruition and what could be holding it up. City officials have pinned a hefty portion of their hopes for a London Stock Market revival on the nation’s fintech stars. Rachel Reeves [...]
Losses widen at UK fintech Monese in eight month delayed accounts June 2, 2026 UK fintech Monese suffered a major widening of losses as its bottom line was hit by restructuring costs amidst its takeover by pseudo-bank peer Pockit. The London-based firm – which provides mobile-only current accounts, multi-currency wallets, and money transfer services – booked a pre-tax loss of £15.9m in the 2024 financial year. Fresh accounts – [...]
Klarna swings back to profit after delivering second $1bn quarter May 14, 2026 Klarna has sealed its first quarterly profit since its blockbuster IPO last year as the firm’s cost-cutting pays off. The Swedish fintech unicorn booked a $17m profit in the first quarter of the year, marking a swing from a $90m loss in the prior year. The return to the black was driven by a 44 [...]
Monzo and Revolut take banking battle to the playground April 1, 2026 Banks are turning their attention to the younger generation and in this week’s column Samuel Norman takes a look at the money to be made with Gen Alpha. The Tooth Fairy is losing her magic touch. After centuries of cultural dominance in the under-the-pillow money market, the primary dealer of calcium-for-cash faces a hostile takeover. [...]
UK trials teen social media bans ahead of potential crackdown March 25, 2026 Hundreds of teenagers across the UK are set to take part in a government-backed trial of social media restrictions, as ministers weigh whether to introduce a nationwide ban for under-16s. The six-week pilot will see 300 teenagers aged between 13 and 17 split into four groups, testing different levels of access to apps such as [...]
Arsenal: Leading the digital charge as well as the Premier League March 14, 2026 If Arsenal lift the Premier League trophy this season, it won’t just be a victory on the pitch; the club could also win the race to redefine how fans engage with football online. Arsenal are building a quiet revolution, investing in digital platforms that house ticketing, merchandise and original content to pull fans deeper into [...]
Lloyds Bank investigating ‘technical glitch’ as users see rogue transactions March 12, 2026 Lloyds Banking Group is looking into a “technical glitch” that left users of the bank’s app on Thursday morning seeing other users’ transactions on their mobile app. The group – which consists of Lloyds, Halifax and Bank of Scotland – responded to concerned customers on X in the early morning that it was looking into [...]
Revolut lands full UK banking licence after four-year wait March 11, 2026 Revolut has landed its full UK banking licence following a four-year wait for the permit. The $75bn fintech juggernaut has been in the mobilisation stage for over 18 months after being granted approval for the licence last July. The final green light from the banking watchdog hands the digital bank permission to formally start lending [...]