AI in Fintech
Explore how artificial intelligence is reshaping financial services. Fintech Review covers the impact of AI on automation, customer experience, risk analysis, and innovation across banking, crypto, payments, and financial platforms.
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FCA Clears Wellesley & Co Limited After Investigation
The Financial Conduct Authority (FCA) has wrapped up its investigation into Wellesley & Co Limited (WCL). After finding no serious misconduct, they decided to take no further action. This marks the end of a scrutiny period that started in 2022 for WCL. Wellesley Finance Ltd (WFL), an unregulated entity linked with WCL, entering a Company…
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FCA Chief Economist Calls for Risk Rebalance in UK Finance
Recently, Kate Collyer, the chief economist at the Financial Conduct Authority (FCA), delivered a speech at Warwick Business School. Her topic, “Financial Regulation in Support of the UK’s Growth,” addressed a pressing issue for the UK finance sector. Over the past decade, productivity has remained stagnant, leading to lackluster economic growth since the financial crisis.…
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FCA Chief Economist Calls for Risk Rebalance in Finance
In a recent address at Warwick Business School, Kate Collyer, Financial Conduct Authority (FCA)‘s chief economist, discussed stagnant productivity in the financial sector. She underscored the importance of risk rebalancing to spur innovation and growth. Productivity in the financial sector has been stagnant for the past decade. Similarly, the UK’s economic growth has not met…
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UK Investor John Burford Jailed for £1m Investment Fraud
British investor John Burford received a two-year prison sentence for a £1 million investment fraud case. The Financial Conduct Authority (FCA), the UK’s financial markets regulator, led the prosecution. Burford, a Mansfield resident, deceived over a hundred investors through his firm from 2016 to 2021. This shocking fraud case resulted from Burford abusing investors’ trust,…
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A³ Handelspartner to Secure SME Funding via Crowdcube
A³ Handelspartner GmbH, a German fintech firm, is tackling the ongoing funding struggles of small and medium-sized enterprises (SMEs). They plan to secure funding through Crowdcube. This platform is becoming a key solution as SMEs grapple with sufficient financing. SMEs worldwide face these funding hurdles. They often struggle to keep operations running, let alone grow.…
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Canadian Credit Unions Take Measured Approach to AI
A new report indicates a contrasting perception of artificial intelligence (AI) by Canadian credit unions and their larger banking counterparts. The global AI and digital transformation firm, GFT, released this study today as Part 2 of the two-part Banking Disruption Index. It reveals a unique AI implementation approach by Canadian credit unions. While large retail…
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Account Takeover Attacks Surge 122% in Fintech Sector
The latest Sift‘s Q3 2025 Digital Trust Index data highlights a notable rise in account takeover attacks within the fintech and finance sector. The report shows a worrying 122% year-on-year increase, pointing to an escalating threat to the industry’s digital security. These attacks typically involve cybercriminals accessing user accounts without permission. As we increasingly rely…
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NatWest Group Mulls Sale of Fintech Platform Cushon
NatWest Group is reportedly considering selling its controlling stake in fintech platform, Cushon. The bank had earlier invested £144 million to gain an 85% stake in Cushon, a provider of workplace pensions and savings solutions. The potential sale aligns with the bank’s broader strategic shift. To facilitate the sale, NatWest has engaged financial advisors. This…
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SoftBank Vision Fund Cuts Workforce to Focus on AI
SoftBank Vision Fund, a titan in the fintech venture capital field, has revealed plans to cut their workforce by roughly 20%. This move is a significant part of a wider initiative. The primary aim is to divert resources into ventures focused on artificial intelligence (AI). Unsurprisingly, this decision has caused quite a stir within the…
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Air Travel Surges Past Pre-COVID Levels in 2025 Boosting Economy
In 2025, the air travel industry is not just bouncing back but exceeding pre-COVID levels. This resurgence, as per the data from ABA DataBank, showcases a robust demand for air travel, marking a significant recovery from the pandemic’s impact. Contrasting sharply with the past years’ decline, the 2025 figures tell a different story. The industry,…
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LendInvest Unveils Updates to Simplify Homeownership
In a recent move, LendInvest (LSE: LINV), a participant in the UK property finance sector, has unveiled significant updates to its fintech platform. LendInvest specialises in offering short-term, development, and buy-to-let (BTL) mortgages. The purpose of these updates is to address the common hurdles faced by aspiring homeowners during the mortgage application process. The journey…
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UK Mortgage Rates Fall: Good News for Homeowners
UK homeowners rejoice! Mortgage rates are on the decline. This week, the 30-year fixed-rate mortgage is at 6.26%, and the 15-year fixed-rate mortgage has fallen to 5.41%. These fresh figures come courtesy of the ABA Banking Journal. Indeed, this decrease in mortgage rates spells good news for prospective home buyers and current homeowners considering refinancing.…
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ABA Urges Collective Effort to Combat Bank Fraud
As financial fraud threats grow, banks worldwide are prioritizing cyber security. However, they can’t combat this issue alone. During a recent House subcommittee testimony, Paul Benda, a representative from the American Bankers Association (ABA), emphasized this fact. Benda highlighted the banks’ ongoing efforts to protect their customers from fraud during his testimony. Despite their vigilance…
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Anticipatory Banking Marks New Era in Industry
Anticipatory banking is ushering in a new era. This marks a significant departure from the traditional marketing strategies used in the banking industry. For years, banks have relied on mass distribution across various channels. Their ultimate aim? Delivering the right product or service to the right consumer at the right time. This process typically starts…
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ABA Ag Committee Chair on UK Ag Lending Challenges
The ABA Ag Committee’s Chair, Caleb Hopkins, recently discussed the current state of agricultural lending in the UK. He focused on the key issues ag lenders face and how to better support clients in farming, ranching, and agribusiness. For agricultural lenders and financial institutions, several unique challenges arise in the current climate. These encompass fluctuating…
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Zego Aims to Replace Black Box Insurance with App
UK insurtech company Zego is spearheading a major shift in the telematics insurance sector. The company plans to phase out traditional black box insurance in favor of a more user-friendly smartphone app. This innovative move aims to give drivers, especially new ones, greater control and transparency over their insurance policy. Black box insurance, or telematics…
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Bourse Securities Chief Shares Digital Assets Strategy
Bourse Securities chief, Giles Whitby-Smith, recently shared insights into the company’s strategic positioning for institutional digital assets. During a Behind the Idea series interview, he unveiled the company’s plan for navigating the rapidly changing fintech landscape. Bourse Securities is actively developing solutions as digital assets gain traction within the institutional arena. Clearly, the company is…
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US Federal Reserve Reform Bill Targets Inflation Control
House Financial Services Committee Chairman French Hill has introduced legislation to reform the Federal Reserve’s dual mandate. The bill’s aim is to narrow the central bank’s focus to solely curbing inflation. The Republican representative from Arkansas announced this development in a recent statement. At present, the Federal Reserve operates under a dual mandate, which requires…
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Princess Castleberry Warns of Leadership Capacity Crisis in Finance
Risk management is a critical aspect of financial services. Princess Castleberry, a leading figure in this field, has built a remarkable career around it. However, she’s identified a pressing issue affecting not just finance, but leadership across sectors. Castleberry warns about a ‘capacity crisis’ among leaders, which presents a significant risk. According to her, the…
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US August Housing Starts Drop 8.5% Year on Year
Recent figures from the U.S. Commerce Department reveal a significant drop in housing starts in August. The data shows an 8.5% fall from July and a 6% decrease from the same time last year. This downward trend could imply broader economic implications, indicating a slowdown in the housing construction sector. The report highlights a marked…