Tagged: london

London’s PensionBee Reveals Reasons for Basing its US Business in New York

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

Revolut Commits to Global HQ in Canary Wharf, as UK Customer Base Reportedly Reaches 9 Million

Revolut, a global Fintech company with over nine million UK customers and 40 million around the world, has announced it will relocate its global headquarters to the newly refurbished YY London building in the centre of Canary Wharf, committing to a ten-year lease. The move,… Read More

London Stock Exchange Group (LSEG) Appoints Pascal Boillat as Chief Operating Officer

London Stock Exchange Group plc (LSEG) recently announced that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will reportedly “lead LSEG’s global operations division supporting… Read More

Fintech iLex, the Loan Distribution Platform, Appoints Sean Tai as Head of Business Development

iLex, the loan distribution platform, announced today the appointment of Sean Tai as Head of Business Development. Sean will lead the development, commercialization and “adoption of the iLex loan distribution platform globally and reinforce the iLex executive team in delivering its ambitious roadmap.” Based in… Read More

Quantexa Economic Impact Report: Decision Intelligence Platform Enables Significant Business Growth

Organizations need a trusted data foundation to enable effective decisions that allow them to operate efficiently, plan for the future, and grow, according to an update from Quantexa. Yet many organizations continue to struggle with “a lack of a single customer view, duplicated records, inefficient… Read More

Bank of London Appoints Anne Grim as Independent Non-Executive Director and Chair of Board Risk Committee

The Bank of London announced the appointment of Anne Grim as an independent Non-Executive Director (NED) of The Bank of London Group Limited Board and Chairperson of the Board Risk Committee (BRC), “subject to regulatory approval.” As well as her BRC role, Anne will be… Read More

London Still Considered Appealing for New Listings According to European and UK Equity Capital Markets Professionals – Survey

The majority of European and UK Equity Capital Markets (ECM) leaders believe that large international companies still “see London as a destination of choice when considering listing,” according to new research from KPMG UK. When asked where large international companies “would consider listing, almost all… Read More

Industry Insider Warns of Talent Shortage in UK’s Fintech Sector

The UK’s Fintech sector is bracing for a talent crunch in the coming year, with a significant gap emerging between the demand for digital skills and the available workforce, City A.M. reported, quoting a leading industry figure. Charlotte Crosswell, chair of the Centre for Finance,… Read More

Bowen Fintech Agrees to Acquire Japanese Crowdfunding Platform MOH

London-listed Bowen Fintech has agreed to acquire a majority stake in Minnadeooyasan-Hanbai Co Ltd (MOH), a Japanese firm specializing in real estate crowdfunding services, according to reports. The acquisition involves Bowen Fintech purchasing 93.5% of MOH’s shares for £34.5 million. This transaction will be entirely… Read More

International Money Transfer Fintech Atlantic Money Uncovers Unnecessary Extra Costs Consumers Pay to Acquire Items

International money transfer provider, Atlantic Money, has compared purchase prices in various random samples across currencies and borders, “uncovering unnecessary extra costs consumers often unwittingly pay.” Focusing on luxury items to demonstrate the impact, Atlantic Money has reportedly “analyzed the same listings for pound and… Read More

UK Fintech Meniga Secures €15M via Series D to Scale Operations and Pivot Towards New Businss Strategy

Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More

UK Economic Growth Centered on London in November 2023, Report Claims

Growth of the UK economy in November was reportedly centered on London, according to the latest NatWest Regional PMI survey. Inflationary pressures were also strongest in the capital, “with firms there recording the steepest rises in both input costs and average prices charged for goods… Read More

UK’s Prime Property Investment Platform CapitalRise Comments on Importance of Project Monitoring Process

CapitalRise reveals that it recently passed the £300m lending milestone, against £830m of prime property assets. To sustainably maintain this growth in their loan book, they claim to “have robust monitoring processes in place.” Their own project managers reportedly work “with independent third-party professionals, such… Read More

London Stock Exchange Post Trade Firms Quantile and LCH ForexClear Deliver FX Smart Clearing Service

Quantile and LCH ForexClear, both LSEG Post Trade businesses, announced they have delivered the market’s first FX Smart Clearing service. The service, which went live “on 15th November, enables participants to selectively clear FX Forwards via LCH ForexClear to significantly reduce capital requirements and counterparty… Read More

Manulife Investment Management to Acquire London’s Alternative Credit Manager CQS

Manulife Investment Management has signed an agreement to acquire multi-sector alternative credit manager CQS. Upon completion of the transaction, Manulife Investment Management will “acquire the CQS credit platform and the CQS brand.” The acquisition of London-based CQS will “give the clients of both Manulife Investment… Read More

Lightyear Connects with Madrid, Barcelona Stock Exchanges to Offer Spanish Investors More Options

Investment platform Lightyear announces the launch of Spanish stocks. Lightyear has connected with Madrid and Barcelona stock exchanges in order “to offer Spanish investors the chance to buy into the IBEX 35, where 35 of Spain’s biggest companies are listed.” Recent data shows that investment… Read More

Fintech iwoca Report: UK Business Growth Remained Steady in H1 2023

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca – one of Europe’s largest small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were… Read More

UK’s Digital Bank Tandem Takes a Fintech “Leap” with New London Office

UK’s “greener” digital bank Tandem has committed to a new office in London, “reconfirming its commitment to the UK’s fintech capital.” The new site, located in 10 Bloomsbury Way, London WC1A 2SL “offers an excellent location with facilities and infrastructure, enabling Tandem to add yet… Read More

Oru Space, a Firm Focused on Supporting Coworking and Wellbeing, Secures £454K+ via Seedrs

Oru Space, a firm which focuses on supporting coworking, wellbeing, food and events, while nurturing an ecosystem of inclusive, vibrant community, across multi-faceted, accessible and dynamic spaces, has raised £454,849 of its £450,000 target from 161 investors (at the time of writing) through its crowdfunding… Read More

London’s Wealthtech Velexa, UnaFinancial to Introduce Digital Investing Platform in the UAE

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

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