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Major UK banks closed to fintech business The following is a guest post from Andrea Dunlop, the CEO of acquiring and card solutions at Paysafe and deputy chair of the Emerging Payments Association advisory board. With London leading the way as the global fintech hub, some may think that gaining bank services is easy to achieve or a matter of fact if you are an FCA-regulated entity. Over the last few years the Emerging Payments Association (EPA) has been highlighting the challenges faced by emerging fintechs in gaining bank accounts in the UK for business. Many companies reach out to the EPA f...

The financial sector faces growing pressure to cut support to companies involved in deforestation. With researchers arguing that banks are in a unique position to encourage sustainable practices among clients and across supply chains, John Basquill examines how emerging technology is opening new opportunities for trade finance lenders looking to go green.   Deforestation remains a major challenge for financial institutions, particularly those involved in supporting exports from rainforest-covered areas of South America. Though most lenders have overhauled policies on environmental issues, r...

Just months after being touted for a US$7bn IPO, Greensill is no longer in business. The London-headquartered fintech spiralled into insolvency in March after insurance cover lapsed and vital funding sources were frozen. John Basquill investigates the practices and products that propelled Greensill’s meteoric rise – and brought it crashing back to earth.   When GTR conducted an interview with Lex Greensill in March 2020, the Australian entrepreneur – founder and chief executive of London-based supply chain finance (SCF) provider Greensill – was quick to fire a warning to the compan...