Independent innovation charity Nesta has announced details of a £2.5m prize fund for the second stage of its “Open Up Challenge”. more»

With new research suggesting business fraud awareness is stagnating, two small company owners share their experiences of being stung by swindlers. more»

A new funding platform has launched with a pledge to “transform” finance opportunities for small business owners, using AI to improve access and transparency for borrowers. more»

Rather than offer its own standalone app, Plum's founders identified Facebook's Messenger as a better platform to challenge the traditional banking model. Business Advice spoke to CEO Victor Trokoudes to find out more. more»

The government has challenged Britain’s fintech innovators to develop new apps that will help renters boost their credit scores and get on the housing ladder, with £2m set aside for winning applicants. more»

The new feature will permit UK Messenger app users to transfer cash up to the value of £2,500 with a message, emoji or giff. more»

Seen as more reliable than traditional payment methods, mobile card readers have opened businesses up to card payment options that were previously edged out by steep fees and terminal rental costs. more»

Entrepreneurs hoping to use open banking reforms to enter the financial services sector with new products have been dealt a setback, after new research exposed consumer doubts over handing bank details to third-party providers such as online retailers and social media companies. more»

A fifth of UK business owners will be using cryptocurrencies such as bitcoin to process payments in 2018, new research has suggested. more»

To find out if UK banking’s newest entrants have revolutionised financial services for entrepreneurs, we’ve handpicked the best challenger banks available today. more»