Tagged: britain

November 24, 2021 @ 8:50 am By Omar Faridi  |  

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

July 5, 2021 @ 9:36 am By Omar Faridi  |  

Tesco Bank, a British retail bank that has been wholly-owned by Tesco plc since 2008, has confirmed the appointment of Gary Duggan as the institution’s interim CEO, Tesco Underwriting, and interim Chief Insurance Officer. Tesco Bank, which was formed as part of a venture between… Read More

March 11, 2021 @ 7:30 am By Omar Faridi  |  

UK-based payments Fintech MultiPay has officially launched its services, which allow clients to accept payments from anywhere in the world. Digital commerce transactions in the United Kingdom have surged over 45% during the COVID-19 pandemic. Meanwhile, physical in-store payments have declined during the same time… Read More

February 28, 2021 @ 11:57 pm By Omar Faridi  |  

Currencycloud, a cross-border payment platform, notes in a blog post that UK businesses have been struggling to deal with various issues ever since the country voted in 2016 to leave the European Union (EU). While the agreement reached between the United Kingdom and European Union… Read More

February 15, 2021 @ 5:46 pm By Omar Faridi  |  

Amsterdam has reportedly managed to overtake London as the largest share trading center in Europe. Industry analysts have noted that the symbolic blow may be followed by London losing many more jobs and business opportunities due to Brexit. Amsterdam, which was once the sixth-largest European… Read More

February 8, 2021 @ 9:04 pm By Omar Faridi  |  

Li Jun, Founder of Ontology and the SAGA Protocol, notes that we’re now living through an “activist period” of data regulation that will most likely dictate how our economies function for “generations to come.” Jun pointed out that most industries have “precedents” for regulation that… Read More

January 18, 2021 @ 9:35 pm By Omar Faridi  |  

Pakistan has introduced a state-managed instant digital payments platform in order to promote greater financial inclusion. The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time…. Read More

November 29, 2020 @ 4:12 pm By Omar Faridi  |  

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… Read More

November 24, 2020 @ 8:12 am By Omar Faridi  |  

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

November 9, 2020 @ 11:13 am By Omar Faridi  |  

UK Chancellor Rishi Sunak is reportedly planning to overhaul or fundamentally change the nation’s listing regime in order to attract more tech firms to London, according to a recent report from Sky News. Sources familiar with the matter said that Sunak will be working on… Read More

November 1, 2020 @ 10:38 pm By Omar Faridi  |  

Payments platform Stripe is reportedly moving its operations to Dublin due to Brexit. Most European customers will be processed locally (beginning on November 19, 2020). Stripe’s management confirmed that they’re moving payment processing for most of their European clients to the firm’s Irish-regulated business entity… Read More

October 13, 2020 @ 7:49 am By Omar Faridi  |  

Polish-British Fintech Symmetrical.ai, which helps employees maintain financial well-being, has been issued a small payment institution license. The company said that the new permit should allow it to make Symmetrical-backed salaries “even faster, more flexible, and empowering.” Currently, there are 69 different small payment institutions… Read More

October 4, 2020 @ 4:53 pm By Omar Faridi  |  

Commonwealth countries are planning to further tap into the potential of Fintech applications. A new toolkit has been introduced to help countries with harnessing the potential of financial technology in order to achieve inclusive economic progress. The toolkit has reportedly been developed as a response… Read More

October 2, 2020 @ 6:25 am By Omar Faridi  |  

Pollen Street Secured Lending (PSSL), a British investment trust (previously called P2P Global Investments) that strategically invests in consumer and SME loans and also in corporate trade receivables, has reportedly appointed a new fund manager after several months of meetings and discussions. Waterfall Asset Manager… Read More

June 19, 2020 @ 1:37 am By Omar Faridi  |  

Fintech Wales, an independent membership association that’s focused on the Fintech and financial services industry in Wales, will be working on a 10-year roadmap that aims to make the country a leading player in the global Fintech sector. The non-profit organization has received £250,000 in… Read More

December 18, 2016 @ 10:00 am By Jessica Pham  |  

Abundance Investment (formerly AbundanceGeneration) has been partnering with Swindon Chapel Farm Solar since early last month to offer individuals a way to invest in renewable energy.  The Innovative Finance ISA (IFISA) option also offers folks looking for an alternative savings account an option to earn higher… Read More

December 16, 2016 @ 8:07 am By Jessica Pham  |  

Justen Hyde, a software engineer with Emergent Design Ltd, began crowdfunding eight days ago on JustGiving to address the Brexit fallout.  His initial goal?  Raise £3,959 (approximately $5,000) within a month to send every Member of Parliament — all 650 of them — a copy of “Brexit:… Read More

February 19, 2016 @ 2:51 am By Midori Yoshimura  |  

It seems that British banking and retail leader Lloyds has continued turning toward the sun and is receiving excellent care–the industry favorite is growing its fintech presence. Lloyds recently announced a new position at the company, head of fintech discovery, and has recruited Han Veldwijk, who formerly held a… Read More

October 7, 2015 @ 1:03 am By Midori Yoshimura  |  

Aided by factors such as a record high number of registered businesses in the UK–5.2 million; a national interest in entrepreneurship; and SMEs accounting for just over 60 percent of private sector employment, according to the Department for Business, the UK has the chance to increase its… Read More

September 10, 2015 @ 1:08 am By Midori Yoshimura  |  

Ablrate, a peer-to-peer lending platform that is among the first to offer investors access to asset-backed loans against aircraft transactions, just announced its first loan in the waste-to-energy section for SEaB Energy Ltd. According to the press release, the new transaction for GBP250,000 gives investors 11% pa returns for… Read More