Tag Archive for FinTech

The retail chain announced it will be expanding its market with a new fintech, created to develop and offer financial technology solutions.

What's next for the most unfortunate generation? (The millennials)

by Ariel Shapira • November 11, 2020 • 0 Comments

Can Digital Tools Help Thirties Change Their Finances?

Dive into FinTech with This 7-Course Quantitative and Algorithmic Trading Bundle

by Entrepreneur Store • August 12, 2020 • 0 Comments

Get a special deal on these courses today.

How Fintech Startups Are Disrupting the Payments Industry

by Imran Tariq • February 21, 2020 • 0 Comments

They’re forcing a large, entrenched ecosystem to adapt.

3 Trends Happening to Fintech That You Should Know About

by Karla Friede • June 20, 2019 • 0 Comments

This year is going to end up being a great one for B2B payments and lending companies, and for bank-fintech partnership — all benefiting business.

4 Trends That Will Rewire the Inner Workings of the Fintech Industry

by Andrew Medal • June 14, 2019 • 0 Comments

The past few decades have seen entrepreneurs sprinting to innovate and exploit outdated process gaps for riches.

Can the Market Deliver the Consolidated FinTech Tool Small Businesses Need?

by Kimberly Zhang • May 27, 2019 • 0 Comments

You’d think it would have by now, but it may before long.

Q&A Ian Rand, CEO of Barclays Business Banking

by Timothy Adler • May 16, 2019 • 0 Comments

Originally written by Timothy Adler on Small Business
Ian Rand, chief executive of Barclays Business Banking, looks down from the 30th floor of his Canary Wharf eyrie in headquarters and sighs.
Rand, the personable boss of SME lending, who has been with Barclays for over a decade, worries that there is a huge divide between most small businesses and the white-hot tech startups raising millions in the City of London beyond his window.
“A typical business is not a fintech in Shoreditch,” he says. “A typical SME is a man or a woman in a white van, with a single shop where they’re struggling to pay the rent and the rates, and they’re finding it difficult to get someone to man the till on a Saturday.”
The ex-army officer, who spends a lot of time on the road speaking to business owners (“Norfolk, Wales, Leicester and Sunderland,” he says, recounting where he’s been to in the last couple of weeks), is responsible for over one million Barclays Business Banking clients. Businesses range in size from startups through to companies with turnover of up to £10m.
Barclays, which currently has a 24pc share of the business banking market, offers a network of 1,500 relationship managers at

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Barclays business CEO worries SME lending bubble could burst

by Timothy Adler • May 16, 2019 • 0 Comments

Originally written by Timothy Adler on Small Business
Barclays Bank business banking CEO Ian Rand worries that Britain’s peer-to-peer SME lending market could be a bubble about to burst.
According to the British Business Bank, the value of peer-to-peer SME lending grew by 51pc in 2017 to £1.7bn.
However, the Barclays business banking CEO says that entrepreneurs turned down for loans by high street banks turn to alternative lenders. This could see the collapse of an alternative lender if lending criteria becomes too lax.
Rand told Small Business: “There were a lot of people that banks wouldn’t lend to who went to Wonga instead. That didn’t work out too well for them or for Wonga. I am nervous that we could be going down the same path with business lending.”
Rand said that new fintech entrants to small business lending do not have the same “duty of care” as high street banks if SMEs get into distress and cannot repay their loans. This is because some are not signatories of the Standards of Lending Practice, which all the high street banks have signed.
Distressed debtors
In the past RBS has been criticised for the small number of distressed debtors that emerged from its Global Restructuring Group recovery