Tagged: uk

CrowdProperty Funds £700M+ Of Property Development Projects, £400M+ Facilities Agreed

CrowdProperty revealed recently that it has now “funded more than £700m of property projects and the development of over 3,000 homes.” Having agreed £24m in June alone, the business has now “closed in excess of £400m of facilities to support the construction of residential and… Read More

Fraud Prevention: Mastercard Leverages AI to Combat Real-Time Payment Scams

From romance scams to fictious online deals, impersonation scams of all kinds have plagued people and businesses over recent years and “shaken the confidence of victims.” However, the tide is turning. Mastercard (NYSE: MA) is taking the fight to the fraudsters “with its one-of-a-kind AI… Read More

UK FCA Chastises Banks for Low Deposit Rates, Meanwhile Wise Trounces Banks with Higher Savings Rates

The UK Financial Conduct Authority (FCA) has commented on the rate spread between what banks are receiving in interest rate returns and what they are giving their deposit holders.  The regulator said in a studied, underwhelming tone that the “decision-making has been slow” for banks… Read More

UK’s Molo Finance Introduces Large HMO and Large MUFB Offering

Demand for rental properties continues to rise across the UK, with more than four-million people renting privately. As landlords look to identify new opportunities in the rental market and provide high-quality homes, the team at Molo are pleased “to announce an expansion to their existing… Read More

UK’s Assetz Capital Announces £3.15M Deal for Conversion Project of Properties in Millbrook, Bedfordshire

Assetz Capital is pleased to announce a development exit deal in partnership with Healdan, a property development and construction business based in Bedfordshire. The deal involves the financing of a barn conversion project, “consisting of six homes, in the idyllic location of Millbrook, Bedfordshire.” Under… Read More

UK Finance Report Makes Recommendations to Accelerate Digital Transformation of Nation’s Capital Markets

UK Finance has released a report which sets out three key missions “to accelerate the digital transformation of the UK’s capital markets.” The report ‘Unlocking the power of securities tokenization’, produced in conjunction with Oliver Wyman, looks at “how securities tokenization (the digital representation of… Read More

UK’s Tandem Bank Acquires £20M After Finalizing Capital Raise

Tandem, which claims to be the UK’s greener digital bank, has secured £20 million in Tier 2 capital from Quilam Capital – a growth investor with expertise in the speciality finance sector. The investment by Quilam further “re-enforces the growth trajectory of Tandem as the… Read More

BIS Appoints Maha El Dimachki as Head of Innovation Hub Singapore Centre

The Bank for International Settlements (BIS) recently announced that Maha El Dimachki will join the BIS Innovation Hub (BISIH) team as “the new head of the Singapore Centre, starting on 1 October 2023.” Ms El Dimachki is currently Head of Early and High Growth Oversight… Read More

LSEG Introduces Windward AI Capabilities to Combat ‘Sanctions-Busting’ Across Global Shipping in Real-Time

Artificial Intelligence (AI) is to play a pivotal role in tackling sanctions risks in global shipping following a partnership between LSEG (London Stock Exchange Group) and Windward AI (LSE: WNWD) announced recently. Windward’s maritime AI-powered technology will “augment existing shipping analytic capabilities available on the… Read More

Financial Software: Melton Building Society Selects Finastra to Meet Evolving Client Requirements

Finastra, a global provider of financial software applications and marketplaces, announces that Melton Building Society has selected Finastra Essence, “deployed on Microsoft Azure cloud, to digitally transform its operations and provide the agility required to quickly implement new services.” Finastra‘s SaaS solution will “enable the… Read More

CBDCs: Nuggets to Develop Privacy, Identity Layer for Bank of England’s Digital Pound

Nuggets, a self-sovereign identity, and payment platform, recently announced that it is working with the Bank of England on a technology experiment to design a possible privacy and identity layer for the UK’s Central Bank Digital Currency (CBDC). If a CBDC – also known as… Read More

Embedded Banking Fintech BankiFi to Address Misconceptions About Digital Neobanking Services

On the back of a solid start to 2023, embedded banking platform BankiFi has denounced three misconceptions around a new class of digital only neobanks that continue “to persist despite ample evidence to dispel them.” As part of its efforts to highlight the issues faced… Read More

Seedrs Tops 2000 Securities Offerings Successfully Funded on Platform

Part of the largest securities crowdfunding operation in the world, Seedrs has announced that it has topped 2000 successful securities offerings on the platform. Part of the Republic group of companies, the combination of the various platforms make Republic/Seedrs the largest online capital formation provider… Read More

UK’s NatWest Group Calls for Step Change in Banks, Fintechs’ Approach to Open Banking 

In a report published on ‘The (Unmet) Potential of Open Banking’, Oxera identifies the key economic obstacles that are “holding back the wider adoption of Open Banking and the development of new innovative use cases that go beyond the regulatory mandate.” NatWest Group commissioned Oxera,… Read More

UK’s Eureka Solutions, Accounting Software Fintech iplicit to Expand Product Portfolio

One of the UK’s cloud software platforms has added another string to its bow after striking a partnership with a financial software firm. Eureka Solutions has announced a partnership with iplicit, a cloud-based accounting software provider. The partnership will allow Eureka Solutions “to add iplicit… Read More

UK’s Alternative Lending Platform ThinCats Lends £191M During First Half of Financial Year

ThinCats, which claims to be the leading alternative finance provider to mid-sized SMEs in the UK, has recently released its origination results for H1 2023, revealing that a “record” £191m has been lent to SMEs across the United Kingdom. The figure represents a sizable increase… Read More

Revolut to Stop Supporting Crypto Trading with Solana (SOL), Cardano (ADA), Polygon (MATIC)

Digital bank Revolut will stop offering Solana (SOL), Cardano (ADA), Polygon (MATIC) tokens to US clients. Revolut has reportedly cited Bakkt’s recent decision to delist the digital tokens, as they’re considered to be unregistered securities by the US Securities and Exchange Commission (SEC). The UK-based… Read More

Stratiphy, a Proprietary Tech Developer Supporting Professionally Managed Investment Portfolios, Raises £206,119 via Crowdcube

Stratiphy, which has developed proprietary tech giving users a toolkit to form expertly managed portfolios, without the need for an advisor, has raised 82% (£206,119.46) of its  £250,000 target from 112 investors (at the time of writing) with 7 days left in the firm’s crowdfunding… Read More

Digital Banking: Monzo Announces New Travel Insurance Provider for Premium Members

From 3rd July 2023, Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will “stay the same.” As will the excess amount and the price of Monzo Premium, the team at Monzo… Read More

Embedded Finance: Investing as a Service Provider Velexa Garners Recognition

Embedded finance platform Velexa has garnered recognition from CBS News – not typically known for its activity in the Fintech sector. Velexa is a newer platform that enables clients to embed investing services within weeks. CBS has recognized Velexa as an Innovation & Disruption Leader…. Read More

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