Monzo lost one current account switcher for every two gained in 2025 April 30, 2026 UK fintech darling Monzo lost one current account switcher for every two it gained last year. The neobank registered just over 20,000 new switchers in the final quarter, but over half of this was offset by the 11,000 thousand outflows. The picture for the final few months of the year mirrors the picture for the [...]
Banking on a storm: Natwest weathers first of AGM climate rows April 29, 2026 Natwest faced a prickly time in its Edinburgh AGM and in this week’s column Samuel Norman looks at whether fun and games could be in store for its peers. Also on the agenda this week – Revolut heads for some Spanish sun. Natwest chair Rick Haythornthwaite suffered a thorny reception on Tuesday at the bank’s [...]
Airtel eyes fintech IPO spin off in $10bn boost for London market April 28, 2026 British telecommunications giant Airtel is mulling listing its mobile money business on the London Stock Market in what could be one of the largest public debuts on a European exchange in years. Airtel Money – a digital commerce service that allows users to store money, transfer funds and buy mobile data – is said to [...]
A ‘safe harbour’? London needs more ambition than that April 28, 2026 Boring stability might win London short-term preference, but it won't see us win the race for any bigger prizes, writes Janine Hirt.
Macquarie ups stake in Argentex founder’s fintech as it clinches licence April 28, 2026 Macquarie has built up its stake in a London-based foreign exchange fintech after the firm clinched a new permit from the City watchdog. The financial services giant has increased its holdings in Tenora to 33 per cent. It follows the fintech bagging Macquaire’s investment last summer in fundraise that valued the start-up at £15m. The [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
The digital bank revolution is over – and that’s a good thing April 23, 2026 Until it was finally unveiled last month, there was more than a year of will-they-won’t-they speculation in the press over whether Britain’s biggest digital bank, Revolut, would be awarded a banking licence by the UK’s financial regulators. It was a long, drawn-out process – far longer than for most of Revolut’s peers – thanks in [...]
Top boss at UK’s largest property fintech ousted for non-financial misconduct April 23, 2026 A top executive at the UK’s largest property fintech has been ousted following allegations of non-financial misconduct, CityAM has learnt. Hugo Davies, the former chief capital officer at Lendinvest, is understood to have been dismissed from the company after a whistleblower penned a letter to the chair of the company, along with the City [...]
Inside the fintech industry’s pensions gambit April 22, 2026 The fintech industry are on the offensive and in this week’s column Samuel Norman gives an insight into the sector’s lobbying calls for pension fund allocation. London has found itself brought to a halt this week. One may have thought the Tube strikes would bring Square Mile to a standstill, too. But the lack of [...]
City minister: Tax regime ‘sends a message’ to fintech IPO prospects April 21, 2026 The City minister has said the tax regime “matters” for how the UK can strengthen capital markets as part of its bid to lock down the next cohort of listing candidates. Lucy Rigby, economic secretary to the Treasury, said the government was looking to build on the “historical success of our capital market” as it [...]