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UK digital bank posts pre-tax loss despite revenue boost driven by tripling of lending book
Regulator warnings have made banks more skittish about holding their assets after FTX’s failure
Unbranded business faces stiff competition from the likes of Apple, Google, Affirm and Afterpay
Buy now, pay later pioneer says it expects to be profitable again by end of year
Founder who owns 4.9% of digital bank will remain on board of directors
Stimulus effect of the pandemic continues to be felt and much opportunity for growth remains
Minister to meet payment group’s bosses amid fears UK’s biggest tech group will leave the country
Long-term survival is often underrated as a business objective
Direxion, Roundhill Investments, Bitwise and Valkyrie file for launch immediately after Grayscale
Payments company also not concerned about threat from development of central bank digital currencies
Quant funds have been piling into US equities in response to falling volatility
Exits of Mikko Salovaara and James Radford follow last year’s exodus of executives
With more data at their fingertips, lenders are finding new ways to serve farmers in developing countries
Chief technology officer to hold position at payments company in interim
Nik Storonsky says fallout from SVB and other lenders has made regulators ‘extra cautious’
Plus, Coinbase first-quarter results and taxing crypto miners
Online education sector will be far from the last to be shaken up by new platform shift
Prosecutors had accused Nate Chastain of buying tokens he knew would soar in value
Cold calls on financial products to be banned but plans to force tech groups to pay compensation for online scams have been dropped
Retail demand is still scant, but careful design can take advantage of their merits
Older customers at risk of being financially excluded as branches close, warns Age UK
City regulator sets out new fraud measures but Post Office warns of impact
The FT’s fourth annual ranking of the region’s businesses by revenue growth. Plus: companies with the ‘last-mover advantage’; cannabis corporations on the rise; is Moderna a one trick pony?
Disrupters’ plans to take on established institutions fizzle out after rise in funding costs
European Payments Initiative is launching a scaled back scheme after acquiring two fintechs
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