Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax profits, to 301.1 million pounds ($384.3 million). The firm’s revenues rose by 50.6% to 682.2...
Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational resilience is increasingly top of mind for firms. Against a macro backdrop embattled by global pandemics and geopolitical tensions, the...
Integrating online features and in-store shopping is reshaping the shopping experience in the U.K. However, more than one-quarter of U.K. merchants don’t offer the digital shopping features customers want. Even worse, one-third of these consumers faced challenges when looking for the features they most desired...
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to attract cash-strapped shoppers has resulted in a decline in revenue, Bloomberg reported Tuesday. Boohoo Group revised its full-year sales forecast Tuesday, anticipating...
July 29, 2024
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is 15% of the entire U.K. population. If 15% of the […]
March 07, 2023
Increased British adoption of open banking this year may be making headlines after the announcement of a new regulator focusing on the space — but this surge may have been made...
August 10, 2022
Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to Neil Kadagathur, CEO at U.K....
June 09, 2022
“We’re in a very dangerous phase,” said Starling Bank CEO Anne Boden in a session at the ongoing Money2020 Europe conference in Amsterdam when describing the heightened exposure to fraud...
June 12, 2024
Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax profits, to 301.1 million pounds ($384.3 million). The firm’s revenues rose by 50.6% to 682.2 million pounds ($870 million), while total deposits crept up 4% […]
October 03, 2023
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to attract cash-strapped shoppers has resulted...
September 14, 2023
The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the value of those loans rising...
July 20, 2023
Apple has reportedly taken a tough stance against the British government’s proposed updates to the Investigatory Powers Act (IPA) 2016. The tech giant has said it will remove its messaging services...
