19 June 2024
Written By FinTech Alliance in FinTech
Atom Bank has experienced a 600% increase in operating profit, marking its strongest financial year yet.
The UK-based digital bank reported a £27 million operating profit, driven by a 39% growth in its loan book, which now stands at £4.1 billion. This includes a significant rise in both residential and commercial mortgage balances. The bank attributes its success to an efficient and scalable business model, along with strategic investments and partnerships.
Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether
The initiative reflects AlpacaTech’s mission to innovate financial solutions under the umbrella of SBI Holdings.
A FinTech Connect report highlights that while 72% of FinTechs actively seek investment, many encounter difficulties due to tightening funding environments and increased ...
This includes a digital market for private shares, a digital bond initiative, and enhanced anti-fraud measures across sectors
Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether
The initiative reflects AlpacaTech’s mission to innovate financial solutions under the umbrella of SBI Holdings.
A FinTech Connect report highlights that while 72% of FinTechs actively seek investment, many encounter difficulties due to tightening funding environments and increased ...
This includes a digital market for private shares, a digital bond initiative, and enhanced anti-fraud measures across sectors
In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...
Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...
UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...
Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...
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