US to apply consumer protection rules to buy now, pay later lenders
Installment repayment programs like Affirm, Karna and Afterpay are getting more oversight amid sharp rise in use
March 2024
Millions more in cash needed to fund UK’s open-banking watchdog
Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers
December 2023
Fintech firm Revolut hit by £25m loss after hiring spree
Firm gave near 80% pay increase to founder despite uncertainty over approval of UK banking licence
November 2023
Buy now, pay later firm Klarna reports first quarterly profit in four years
Swing to profit of £9.6m by Swedish firm improves its fortunes in run-up to possible £12bn flotation
May 2023
Trading platforms sell the dream of making big money fast. The reality can be far more brutal
Kirsty Major
With wages stagnating, people are turning to complex financial products known as CFDs, says Guardian deputy Opinion editor Kirsty Major
March 2023
Fintech firm Revolut moves closer to UK banking licence after first annual profit
Company criticised for late filing of accounts made profit of £26.3m in year to December 2021
February 2023
Revolut: can the chancellor’s fintech favourite fix its image problem?
The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff
January 2023
Fintech firm Revolut assembles behavioural team after criticism of its corporate culture
Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence
December 2022
Investors convert ‘totally worthless’ NFTs into tax write-offs
A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish
Nils Pratley on finance
Bitcoin has rallied. What are crypto’s true believers still smoking?
Nils Pratley
FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room
Boris Johnson hails blockchain ‘possibilities’ at Singapore conference
On post-No 10 lecture circuit, former PM says there must be ‘measures to protect public from Ponzi schemes’
September 2022
How Tide’s determined rise cost UK taxpayers millions
The fintech gained a wave of new customers after signing up to the Covid bounce back scheme, but now a third of the loans it made have gone bad
August 2022
Klarna losses more than triple as consumer spending slows
Why is the Reserve Bank of Australia exploring digital currency options?
July 2022
Digital bank Starling reports first profit on back of strong loan book
‘Landmark’ for eight-year-old British enterprise as it turns £14m loss into £32m annual profit helped by Covid loans
Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing
Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets
Klarna sees its value slashed by 85% in latest round of fundraising
‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn
June 2022
Crypto crisis: how digital currencies went from boom to collapse
Savers talk of devastating losses as assets such as bitcoin and ‘stablecoins’ like terra fell sharply
Tether to launch stablecoin tied to pound as UK aims to become crypto hub
Launch of digital asset to track value of £1 comes despite contraction of cryptocurrency sector
Starling Bank: questions over volume of customers taken on during Covid crisis
More than tripling of business customer base has raised questions about online lender’s ability to run proper checks
