Tagged: uk

May 19, 2026 @ 5:16 am By Omar Faridi  |  

NatWest Group has announced a substantial £20 billion funding commitment over the coming decade to support economic expansion and build greater resilience throughout the North of England. This initiative reinforces the UK’s wider goals of developing stronger and more productive regional economies, with the bank… Read More

May 18, 2026 @ 10:39 am By JD Alois  |  

Tokenization is quickly becoming commonplace, and it is vital that regulators and policymakers work in concert with both current industry participants and future firms that will eventually incorporate digital assets, including tokenized securities. The Bank of England and the UK Financial Conduct Authority issued a… Read More

May 18, 2026 @ 8:48 am By JD Alois  |  

The Bank of England and the Financial Conduct Authority (FCA) have issued a joint statement on tokenization and the wholesale market. The comment is described as a “shared vision” that has the potential to streamline markets while benefitting from additional functionality. The discussion is driven… Read More

May 17, 2026 @ 11:20 pm By Omar Faridi  |  

HM Revenue and Customs (HMRC) has chosen UK data analytics and AI specialist Quantexa for a £175 million, ten-year partnership. Announced on 14 May 2026, the agreement represents one of the largest Decision Intelligence projects ever undertaken in government. It will overhaul the tax authority’s… Read More

May 16, 2026 @ 2:00 am By Omar Faridi  |  

NatWest has revealed the eight AI-focused startups chosen for its 2026 Fintech Program, marking a significant step in the bank’s drive to nurture Britain’s technology innovators. The announcement came during a London launch event tied to UK Fintech Week, where founders gathered for a roundtable… Read More

May 15, 2026 @ 8:17 am By Omar Faridi  |  

Revolut has taken a significant step forward in strengthening its position in the UK financial market after receiving expanded regulatory permissions from the Financial Conduct Authority (FCA). The development allows the fintech firm’s trading division to introduce a more comprehensive suite of investment and wealth… Read More

May 15, 2026 @ 8:15 am By Omar Faridi  |  

The United Kingdom’s fintech sector posted a more measured performance in the opening months of 2026, according to fresh data from Tracxn. The latest quarterly funding report shows that domestic fintech firms raised $741 million through 41 investment rounds during the period. Although still a… Read More

May 14, 2026 @ 7:39 am By Omar Faridi  |  

Fintech firm iwoca indicated that UK small and medium-sized enterprises are confronting heightened economic uncertainty, with concerns about a potential recession reaching their highest level in two years. This shift is driven largely by the ripple effects of the conflict in the Middle East, which… Read More

May 14, 2026 @ 1:51 am By Omar Faridi  |  

KPMG noted that the latest monthly snapshot of the UK labor market reveals a mixed picture, with permanent staff appointments declining at the fastest rate since January while temporary hiring showed tentative signs of life. According to the May 2026 KPMG and REC UK Report… Read More

May 13, 2026 @ 9:32 am By JD Alois  |  

The Payments Association has appointed a new CEO. According to a statement from the organization, Emma Banymandhub will step into the leadership role following her position as the association’s Chief Operating Officer. Banymandhub said that payments are more than transactions, adding she is honored to… Read More

May 13, 2026 @ 6:18 am By Omar Faridi  |  

The Bank of England has released the final report from its DLT Innovation Challenge 2025, a collaborative effort with the BIS Innovation Hub’s London Centre. Released recently this month, the document offers fresh practical insights into how distributed ledger technology could reshape wholesale payments and… Read More

May 13, 2026 @ 2:20 am By Omar Faridi  |  

A UK-based nonprofit social lender has partnered with NatWest Group’s Open Banking payments specialist to deliver a more adaptable approach to loan repayments. East Lancashire Moneyline, which focuses on serving people shut out of conventional credit markets, is now using Variable Recurring Payments (VRP) through… Read More

May 12, 2026 @ 11:33 am By JD Alois  |  

Elliptic has raised $120 million in Series D funding at a pre-money valuation of $670 million. The round was led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. Founded in 2013, Elliptic is headquartered in London with offices… Read More

May 11, 2026 @ 9:00 pm By Omar Faridi  |  

Lloyds Banking Group has opened a new office in Luxembourg, marking a significant step in strengthening its support for institutional clients across Europe. The move positions the UK-based lender more firmly in one of the continent’s premier hubs for international investment funds and sophisticated cross-border… Read More

May 10, 2026 @ 7:06 pm By JD Alois  |  

Fintech Plum is raising money on Crowdcube as part of a wider funding round, allowing smaller investors access to a more mature firm at the same terms as institutions. According to the offering page, Plum is raising capital at a pre-money valuation of £250 million…. Read More

May 10, 2026 @ 2:10 pm By Omar Faridi  |  

The City of London Corporation has issued a direct appeal to UK-based technology companies to help design and implement a pioneering digital verification network. The initiative aims to strengthen defenses against fraud in the financial services industry while simplifying processes for businesses and consumers. Fraud… Read More

May 10, 2026 @ 10:40 am By Omar Faridi  |  

During a recent address on May 8, 2026, the Bank of England Governor Andrew Bailey highlighted growing tensions in global cryptocurrency oversight, predicting a significant clash with American authorities on how to regulate stablecoins. Speaking at a Bank of England conference focused on financial imbalances,… Read More

May 7, 2026 @ 9:31 am By JD Alois  |  

Quantum Motion has raised $160 million in Series C funding. Founded in 2017, the company is a UK-based spin out from Oxford University and University College London. As the name belies, Quantum is developing quantum computers for diverse industries including finance and cybersecurity. Quantum states… Read More

May 6, 2026 @ 8:55 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has revealed an investigation into US-based tech and payment firms PayPal (NASDAQ:PYPL), Visa NYSE:V(), and Mastercard (NYSE:MA). The investigation has been launched due to allegations of anti-competitive behavior under the Competition Act of 1998. More specifically, it concerns the… Read More

May 5, 2026 @ 1:28 am By Omar Faridi  |  

Schroders Capital is strengthening its position in private markets by launching vehicles that link institutional capital to a range of opportunities while advancing digital infrastructure in alternative investments. Two recent developments highlight the firm’s focus on bridging traditional investors with high-growth sectors and modernizing complex… Read More