Tagged: britain

Many More UK Residents are Buying Bitcoin and Other Cryptos as British Pound falls to Lowest Level Against USD in 35 Yrs: Survey

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

UK Fintechs Can Establish Stronger Market Presence if they Adopt Better Open Banking Policies, According to Ian Liddell-Grainger

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

UK Chancellor Rishi Sunak Might be Planning to Fundamentally Change Current Listing Regime for Tech Firms

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

Payments Platform Stripe to Move Business Operations to Dublin due to Brexit

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

Polish Fintech Symmetrical.ai, which helps Employees Maintain Financial Wellbeing, has been Issued Small Payment Institution License

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

Commonwealth Secretariat Develops Fintech Toolkit, Partners University of Cambridge and Oxford to Provide Training

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

Pollen Street Secured Lending, a British Investment Trust, Appoints New Fund Manager After Seven Months of Discussions

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

Fintech Wales Receives £250,000 from Cardiff Capital Region to Create 10-Year Roadmap for Financial Technology Development

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

Abundance’s First IFISA Offer Already at 82% of its Goal for Swindon Solar Project

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

What the Hell Happens Now? Crowdfunding Results in 650 Guides to Brexit for MPs

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

Brief: Lloyds Grows Fintech Presence With New Position For ‘Head Of Fintech Discovery’

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

The UK Faces A Once-In-A-Century Chance To Be A Technology Leader, Writes Financial Times Correspondent

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

P2P Lender Ablrate Makes First Loan In Waste-To-Energy Section For SEaB Energy Ltd.

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

Oppo Healthy Ice Cream Named The Guardian’s Startup of the Year + Co-Founder Flies RAF With David Cameron

As temperatures and ice cream sales rise, so does Oppo‘s lucky star: The luxury healthy ice cream company is having a scorchingly successful year. London-based Oppo was just named The Guardian‘s Startup of the Year (and there’s more), according to a recent Oppo blog post. The judging… Read More

UK Scheme Promoting Alternative Lenders Should Be Off the Ground by 2016

If your small firm is rejected for a bank loan in Britain next year, consider hearing out the bank’s entire response: There are alternatives. A British government scheme that requires banks to refer small firms rejected for loans to alternative finance providers is expected to be underway by… Read More

Funding Tree Puts Wind in Investors’ Sails; Offers A Chance to Invest in the Round Britain & Ireland Challenge

Investors have been given a chance to profit from the popularity of sailing, after the company behind a new round Britain yacht race that’s open to all listed on the crowdfunding platform, Funding Tree. Circular Sailing, which has already attracted substantial equity investment, is now seeking… Read More

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