Tagged: brexit

Nausicaa Delfas Delivers Speech on Building a Suitable Financial Regulatory System for a New UK

On July 1st, Nausicaa Delfas, Executive Director of International and member of the Executive Committee at the FCA, delivered a speech for a series of webinars offered by City & Financial Professional Virtual Roundtables. The focus of the speech homed in on Brexit, Covid-19 and a suitable… Read More

Revolut to Move Non-UK Customers in Central & Eastern Europe to Newly Licensed Lithuanian Entity Before End of Brexit Transition Period

Digital bank Revolut recently announced plans to move non-UK customers in Central and Eastern Europe in its newly licensed Lithuanian entity before the end of the Brexit transition period in December 2020. The company went on to share more details about its response to Brexit…. Read More

Perspective: Brexit – a Positive News Story for UK Plc

It is fair to say that Brexit dominated headlines in the final few years of the 2010s. After the UK made the historic decision to forge its own future outside of the European Union [EU], many people and businesses were naturally concerned as to what… Read More

Monzo Encourages UK N26 Customers to Switch Services Once N26 Moves Out of the UK

Following the announcement that N26 was departing the UK after the country left the European Union, digital challenger bank Monzo shared with UK N26 customers the reasons to switch to its banking service. As previously reported, N26 reported that with the UK now having left… Read More

N26 Announces Plans to Leave the UK Following Brexit

Digital-only bank platform N26 announced on Monday it is announcing its departure from the UK following Brexit. N26 reported that with the UK now having left the European Union, it will in due course be unable to operate in the UK with its European banking… Read More

Tradeteq CFO on European Companies Opening Offices in UK Post Brexit: The Outlook for UK Finance and Fintech is Positive

Last week, Crowdfund Insider covered a report on the UK and how European financial services firms were being compelled to open new offices in light of Brexit. While a good amount of digital ink has covered the number of firms shuttering offices or lowering headcount… Read More

Reverse Brexit? Report States Over a Thousand EU Financial Firms to Open Offices in the UK

While much of the discourse surrounding Brexit has focused on the overall impact to the UK’s economy and financial services specifically and how it will undermine the country’s economic prominence, a report out of Bovill today puts a bit of a different spin on things. … Read More

UK Financial Conduct Authority Updates on Expectations as Brexit Deadline Nears

The UK Financial Conduct Authority (FCA) has published updated information on the ramifications of Brexit in a no deal scenario. Currently, the UK is scheduled to exit the European Union on October 31st. Recently, there has been some more positive chatter on negotiations, and the… Read More

Peer to Peer Lender Linked Finance Announces “Beyond Brexit” Loan for Irish SMEs

Linked Finance is announcing a new product as the deadline for a Brexit deal nears. The Ireland based peer to peer lending platform has launched new “Beyond Brexit” loans for Irish SMEs. The new loans are said to provide working capital to Irish businesses preparing… Read More

Federation of Small Businesses Says No Deal Brexit to Hit Small Firms Hard

Small businesses are in urgent need of more government support if no-deal Brexit lands on October 321st, according to research from the UK Federation of Small Businesses (FSB). The clock is ticking and the UK still does not have a deal in hand. Meanwhile, it is… Read More

Brexit Report: 55% of UK Fintechs Feel Well Prepared for Brexit with a Deal. If No Deal, Percentage Drops to Just 22%

Innovate Finance, an advocacy association for the development and support of the UK Fintech industry, has published a report on Brexit and the impact it may have on UK based Fintechs. According to the report, 55% of Fintechs feel well prepared for Brexit but that… Read More

Theresa May is Out. Brexit Worries Rise as Uncertainty Increases Risk Meanwhile Fintechs Persevere

Long-embattled Prime Minister Theresa May has announced she will depart her office on June 7th thus initiating a scramble as to who will replace her in a historically important time for the UK. The ramifications of Brexit are profound and inestimable. But it is clear… Read More

BrewDog Co-Founder Claims Brexit Uncertainty Is Creating Negative Effects on British Businesses

James Watts, the co-founder of famous crowdfunding brewery BrewDog, has reportedly claimed that the uncertainty surrounding Brexit is causing negative effects on British businesses. According to the Independent, Watts stated that the Brexit process will cause “severe long-term damage” to the UK’s economy, as well… Read More

Deal or No Deal? FCA Publishes Proposals if No Deal Brexit Emerges

The deadline is rapidly approaching for Brexit and still, there is not a mutually agreeable deal in sight. Of course, the date of the divorce could be pushed back but that does not mean preparations should push pause. The UK Financial Conduct Authority is in… Read More

Have Your Say: Seedrs Surveys their Community on Brexit

Equity crowdfunding platform and secondary trading marketplace Seedrs has posted a survey on Brexit. The fast-approaching divorce with the European has policymakers concerned around the world. The many known unknowns creates additional risk for the UK – an economy that has been small business friendly… Read More

How Much? Robo.Cash CEO Sergey Sedov Comments on New P2P Investor Research

The European P2P investment platform Robo.cash recently conducted a survey among P2P investors. According to its results, the popularity of P2P investments is on the rise: 69% of the respondents started investing over the last two years, and 35% of investors allocated more than €10,000… Read More

Brexit Prep: UK Finance Creates Guide for SMEs as EU Separation Looms

UK Finance has launched a national campaign encouraging small and medium-sized enterprises (SMEs) to prepare for the potential changes as Brexit nears. Entitled “Let’s Talk Business,” the campaign is being supported by various organisations including the Federation of Small Businesses (FSB), British Chambers of Commerce… Read More

Concerned About the UK’s Fintech Prominence, Revolut CEO Calls for a Tech Visa to Help with Brexit Fallout

Nik Storonsky, the CEO and co-founder of digital bank Revolut, has told the UK Government to create specialised tech visas for professionals to ameliorate growing concerns of Brexit fallout. Revolut said it plans on doubling its workforce in the coming months as it expands services and… Read More

Research Firm Touts Benefits of P2P Lending During Brexit Uncertainty

Peer to peer lending research firm 4thWay has published a note touting the benefits of investing in P2P loans in contrast to more volatile equity investing. 4thWay says that Brexit induced market volatility should compel investors to consider investing in online loans. 4thWay says it is… Read More

Innovate Finance Comments on Brexit Vote Delay

Today, UK Prime Minister Theresa May announced that the vote on her Brexit proposal, originally scheduled for tomorrow, will now be delayed. PM May stated: I have listened very carefully to what has been said, in this chamber and out of it, by members from all… Read More

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