FCA says lender’s efforts to identify potential money laundering ‘did not keep pace’ with its growth
Senior management at UK’s premier Covid loan-arranger neobank were worse than useless, FCA finds
About 90% of fintech’s outstanding SME loans are guaranteed by UK government
Nubank, listed in New York and worth $45bn, demonstrates the potential power of technology on overhead
Digital lender forced to set aside more cash in face of mounting defaults but logs third straight year of profitability
Companies such as Monzo, Starling and Revolut have transformed digital banking but traditional lenders still dominate the market
Second-biggest backer Chrysalis says online bank set to reap rewards from global rollout of its software platform
Raman Bhatia to take up helm in summer following exit of Anne Boden last year
The question of longer term sustainability still needs to be answered
Company has to replace chief executive Anne Boden and decide on its strategic future
Private companies are learning about the pitfalls of illiquidity
Founder of digital bank had said she was leaving over a potential conflict of interest
Skinned in the game
Founder who owns 4.9% of digital bank will remain on board of directors
Investment trust Chrysalis among others snaps up ￡20mn stake in digital bank
Discussions come as fund manager prepares for restructuring under new chief
Employee told she was ‘not a Starling person’
Data reveal which banks have the largest exposure to default and fraud under the scheme
UK Brexit opportunities minister asks lender how it plans to recoup sums that may have been fraudulently claimed
The UK start-up’s rapid growth owes a lot to the ‘bounce back’ pandemic business lending scheme
Challenger shifts away from government-backed lending to focus on the mortgage market
Digital challenger bank agrees to buy loans from specialist group Masthaven in effort to diversify lending
Goldman Sachs-backed start-up to buy landlords’ mortgage provider Fleet for ￡50m
Start-up aims for initial public offering in late 2022 or 2023
Start-up lender aims to boost growth ahead of targeted initial public offering
