Category: FinTech
Big Issue trials ‘world’s first resellable’ magazine with digital bank Monzo
The Big Issue is launching trials of a new system turning it into what is believed to be the world’s first “resellable” magazine. A scannable QR code allows readers to pass the magazine to a friend, who can scan the code to pay for it again. The scheme, called Pay It Forward, aims to help…
One in three card payments uses contactless technology
Around 20 million “tap and go” payments took place every day last year – meaning one in three card transactions is now contactless, figures from trade association UK Finance show. It said contactless card spending surged by nearly a third in 2018 year-on-year. Customers across the UK spent a total of £69 billion using contactless…
Revolut to hire team of hackers to bolster cyber defences
Revolut is hiring a team of 'ethical hackers' in order to bolster its cyber defences as the bank continues its rapid growth. The start-up fintech firm is looking to recruit five computer experts that will attempt to hack into its IT system to help fend off real cyber attacks and prevent potential data breaches and fraud.…
3 of the Leading FinTech Trends in the UK
In the UK, the FinTech industry is continuing to grow. In fact, it seems there is little that can slow down the British financial technology businesses, not even Brexit. During the first half of 2017, FinTech startups in the UK received a record £433 million from investors, representing a 37% increase from the same period…
