27 March 2020

Chip receives FCA authorisation

Written By FinTech Alliance in Wealth Management

Chip receives FCA authorisation

Money management app Chip has been approved by the Financial Conduct Authority.

In Brief:

  • Chip is now an Authorised Payment Institution.

  • The app allows users to automatically put away funds into savings.

  • Chip is now introducing a number of news services like changes to save limits and an open banking update.

What does this mean?

This is a big step forward for Chip – but it is now going on to introduce FSCS protected savings accounts through partner banks.

Read more here.

 

 

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Wealth Management

Robinhood goes live across the UK

19 March 2024

The firm set up a waitlist for UK residents in ...

Kameo raises £1.1mn investment

14 February 2024

Kameo raises £1.1mn investment from Incore Invest for property lending ...

Wealthify partners with ClearBank

13 February 2024

Wealthify selects ClearBank as its embedded banking partner to launch ...

Schroders to bring wealth management tech inhouse

05 February 2024

Schroders Personal Wealth has announced the launch of its own ...

Articles Wealth Management

AI and the Future of Wealth Management

02 October 2023

Historically, high-net-worth clients are typically offered personalized advisory and financial plann...

White Papers Wealth Management

Digital Wealth Management Features Radar

02 October 2023

This Digital Wealth Management Features radar report provides an overview of the global financial se...

White Papers Wealth Management

Wealthtech

24 February 2022

Exploring the seismic shift in the way young people are managing their money, and what they invest i...

Articles Wealth Management

The Swiss WealthTech Landscape Report 2021 is Live!

23 February 2022

Featuring 19 thought-provoking articles and interviews on a range of technology-related topics aroun...

There are no Events in this category