fintech uk financial technology sector

Fintech Pledge launched to strengthen UK’s financial technology sector

Fintech Pledge launched to strengthen UK’s financial technology sector Entrepreneurial network Tech Nation has launched its Fintech Pledge to accelerate the growth of the UK’s financial technology (fintech) sector through establishing standards for “efficient and transparent commercial partnerships” between traditional banks and fintech firms. Supported by HM Treasury and the Tech Nation-run Fintech Delivery Panel, the pledge consists of five principles aimed at improving the traditional banking sector’s engagement and collaboration with fintechs. These are to provide clear guidance to technology firms on how the onboarding process works through a dedicated online landing page; provide clarity to tech startups on their progress through the onboarding process; provide a named contact, guidance and feedback; encourage good practice and improvement; and to commit...

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London has highest rental price premium in Europe

London has highest rental price premium in Europe

London is home to the highest rental price premium of any capital city in Europe when compared to the national rental cost in each nation, according to the latest research by rental marketplace Spotahome. Spotahome looked at the cost of renting in each city across the EU and UK and how it compared to the cost of renting in the wider nation, to find out which cities were home to the highest capital city rental premium. On average, the research showed that renting in a capital city would cost €860 per month, 35% more than renting across the wider nation (€635). However, in London, this capital city rental premium reaches 133%, with tenants paying €1,912 per month compared to the...

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