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NatWest accelerator graduate Hoddle launches beta savings app

Hoddle, a fintech savings app which recently graduated from NatWest’s fintech accelerator programme, has launched a beta version of its app in the UK.

Around 6.5 million adults in the UK have no cash savings at all

The start-up, founded two years ago by mobile app developer, Sami Chaudry, allows users to save with family and friends.

A twist with all the trimmings

Its app, based on Google Cloud infrastructure, allows users to set-up “group holds”. Users scan the card they want to attach to the hold, and then Hoddle configures the shared savings pot – be that for bills, or a holiday.

Whilst this is the app’s most original feature, offering a twist on the more individual-focused savings app, it isn’t short of other services.

It also allows consumers to automatically save through “smart holds”, and save regular amounts through “fixed holds”.

Hoddle uses open banking to connect with … Read the rest

Barclays crushes expectations for the third quarter as provisions for loan losses fall

Barclays on Friday reported a net profit attributable to shareholders of £611 million ($797.7 million) as the British lender attempts to plot a recovery from the coronavirus pandemic.

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Card companies, surprised by low write-offs, seek new customers

Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment.

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Treasury confirms it is to end VAT waiver on PPE in UK

Items such as protective face masks and gloves will no longer be exempt from 20% sales tax

Face masks and gloves will cost more from the end of this month after the government said a temporary waiver of VAT on personal protective equipment (PPE) would not be extended, the Guardian has learned.

The Treasury confirmed that the 20% sales tax would once more apply to protective equipment bought by firms and consumers from November, after a six-month exemption.

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Davies joins The Washington Post Metro desk

Emily Davies will be joining the Washington Post Metro desk after completing two successful summer internships at the Post. Over the past several months, Davies has covered the pandemic’s impact on people and businesses...

The post Davies joins The Washington Post Metro desk appeared first on Talking Biz News.

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Women Now Make Up Almost Five Percent of Investors in the U.S.

Women Now Make Up Almost Five Percent of Investors in the US @lisaabeyta

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New Priorities: How Businesses Are Reimagining Cost Structures

The pandemic has forced rapid changes across industries, and the shifts will change how many do business going forward.

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FinTech Futures Jobs: six skills that can get you hired in fintech

Click on the image to see all the vacancies on the FinTech Futures Jobs portal

Looking for a new job can be a very positive experience but it can also be somewhat overwhelming at times. Where do I start? How do I put myself out there? What can I do to help my chances? FinTech Futures Jobs is here to help!

The global fintech market is predicted to grow at a rate of almost 25% annually over the next couple of years, making it one of the most exciting industries to be involved in right now (check out all the great vacancies at FinTech Futures Jobs). The rate of growth also makes fintech quite a competitive market for jobseekers.

So, what kind of skills do you need to get you hired in fintech today?

Analytical skills

Analytical skills are important because they allow you to find solutions to … Read the rest

Goldman Sachs will pay nearly $3 billion in penalties to resolve probes in 1MDB scandal

Goldman Sachs agreed to pay more than $2.9 billion to regulators to resolve probes into its central role in an international scandal. CNBC's Wilfred Frost reports.

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Fifth Third defends decision to release loan-loss reserves

The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.

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