Running the report, Sky News Business indicated that Railsr, the trading name of Embedded Finance, will soon announce that it made a deal with investors to raise £19.8m. The money mainly comes from existing investors, including well-knowns such as D Squared Capital and Moneta Venture Capital. Those rooting for the success of the company regard…
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In a Tuesday report, the bank confirmed profit losses as it announced renewed cost-cutting initiatives. Barclays did not rule out job cuts as part of this drive to boost its profits. Regarding the company’s Q3 performance, the Group’s chief executive officer (CEO), CS Venkatakrishnan, said: We delivered an 11.0% RoTE in Q3, against a mixed…
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At present, traditional banks use mainframes with outdated programming languages. Not only does this create potential technological pitfalls, but it also makes it a challenge to hire younger employees who are qualified and equipped with recent knowledge and experience. Approximately 410,000 customers, who are mostly new to UniCredit, use the Buddybank service. All the institution’s…
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Rolandas Juteika, Head of Wealth and Trading (EEA), noted that the FinTech company works continuously to make investing and trading accessible to all members of society. Juteika stated: We want to bring our customers easy access to companies that are closer to them. From Adidas to Zalando, our customers can now invest in well-known European…
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In the operator’s shift away from traditional telecommunications, the new platform hosts services and products for all UK customers. They can access these offerings via the EE App, the new EE ID, or the web. These will include gaming consoles, subscriptions and upgrades, tablets, and phones. Don’t miss out the latest news, subscribe to LeapRate’s…
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Alongside this new launch, the company announced major changes within its leading roles. Wentworth Securities Director Malcolm Nutt, Head of Wealth Management Thomas Schoemaker, and Head of Institutional Sales Phil Cawood have joined with the company's finance team who recently founded RE Capital. Not only does this shift signify internal movements, it also aims to…
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Headquartered in Sweden, this electric vehicle outfit also operates in the UK. The move puts 850 jobs on the chopping board, 600 of which are UK-based. However, the dash toward net zero emissions could possibly attract viable interest. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Volta said the liquidation of Proterra and…
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Market specialists attributed the phenomenon to the effect of higher interest rates. According to Rightmove data, house prices fell by 0.8% and agreed house sales declined by 17% during the 12 months leading up to October. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In an attempt to bring inflation under control, the…
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Net income for the third quarter pinged the register at $3.5bn. Experts believe a soar in trading revenue, investment banking fees, and interest payments attributed to this positive performance. Jane Fraser, the group’s chief executive officer (CEO), said: Despite the headwinds, our five core, interconnected businesses each posted revenue growth resulting in overall growth of…
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This action follows incidents going back to 2017, when, according to the FCA, the company’s parent, Equifax Inc. (EFX), was subject to one of the largest cybersecurity breaches in history. The findings showed that hackers accessed the personal data of approximately 13.8 million people in the UK during this breach. Don’t miss out the latest…
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