The latest news from the world of Alternative Finance and FinTech
In the news this week
UK fintech startup Nivaura has landed a £15 million funding round led by London Stock Exchange Group. Nivaura, founded in the UK in 2016, focuses on the deployment of digital investment banking platforms for banks, exchanges and other financial institutions. Elsewhere, TransferWise is orchestrating a share sale which will value the payments group at more than £3bn, while some of the UK's top banks have taken more than half a billion pounds in exceptional charges to cover a rise in defaults after Brexit.
London Stock Exchange leads £15m investment in Fintech firm
The London Stock Exchange (LSE) has invested £15m into Fintech start-up Nivaura, to expand their head count. Participants who invested in the funding round include... (London Loves Business)
Big banks divided on provisions for Brexit defaults
Top banks led by HSBC have taken more than half a billion pounds in exceptional charges to cover a rise in defaults after Brexit, but other leading lenders are not as pessimistic on the UK’s economic outlook, creating a growing divide on strategy among Britain’s financial institutions. (FT)
UK challenger banks Metro, Starling, ClearBank win £280m from RBS
Three UK ‘challenger banks’ have been granted a total of £280 million as part a larger Royal Bank of Scotland fund. The total £775 million has been made available as part of conditions dating back to its £45 billion 2008 UK government bailout. (BusinessCloud)
Digital banking challenger N26 is expanding to Brazil
German fintech challenger N26 is expanding to Brazil, making it the first of Europe's biggest retail digital banks to enter the South American market. Announcing the move on stage at Mobile World Congress in Barcelona, N26 said Eduardo Prota would head up the new region. Prota has previously worked for Santander and Cielo, as well as having co-founded a ride-sharing startup. (City A.M.)
80 per cent of European P2P investors are planning to put more money into P2P platforms in the next few years
Metro Bank wins lion's share of RBS-funded competition scheme
Metro Bank has clinched the biggest award to date from a £775m scheme meant to boost competition in the banking sector, despite the revelation of a major accounting blunder at the high street lender last month. (The Guardian)
Despite being discussed numerous times there still seems to be confusion over social media’s connection with search rankings and SEO. In 2010 Matt Cutts, the former head of Google’s webspam team said that Google did use links from Facebook and Twitter as ranking signals.
Using our Meta Description tool to increase Organic Search Clicks
SEO is often about working out which activities will boost your sites rankings for a certain set of key phrases, to move ever closer to an average position of number one in organic search. That's all well and good, but there's another important aspect of optimising for...