Tagged: london

Eran Noam From Shield Explains How Natural Language Processing and Financial Context Recognition Help with Business Compliance Processes

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

Multi Billion Dollar Merger between Russian Tech Firm Yandex and Challenger Bank Tinkoff has been Scrapped

The recently proposed merger between Yandex, a major Russia-based tech firm, and banking challenger Tinkoff will not be finalized because the bank’s founder Oleg Tinkov has walked away from the deal. Tinkoff’s management confirmed that all negotiations between the two parties have now been “terminated,… Read More

Receipt Bank, which Uses Machine Learning to Enhance Small Business Productivity, Introduces App for Managing Digital Invoices

Adrian Blair, CEO at Receipt Bank, which uses machine learning (ML) to boost productivity for 400,000 small businesses and 50,000 accountants in 110 countries, has confirmed that the company has launched Receipt Bank Pay. Blair claims that it’s the only app in the UK for… Read More

Citi Makes Strategic Investment in Genesis, a Low Code Application Platform for the Financial Markets

Stephen Murphy, CEO at Genesis, a leading Low Code Application Platform (LCAP) and solution provider for the financial markets, has confirmed that his company has received a “strategic” investment from Citi (NYSE:C). The capital will be used to accelerate the growth of the company’s operations… Read More

Standard Chartered Exec Tracy Clarke to Join Alternative Lender Greensill as Non-Executive Director in 2021

Alternative lending platform Greensill has reportedly hired Tracy Clarke, who has been serving as CEO of Europe, the Americas, and Global at Standard Chartered, as a non-executive director. Clarke will be joining Greensill’s board of directors in 2021 after her planned retirement from Standard Chartered… Read More

UK Fintech Rosecut, which Offers Wealth Management Services, Introduces Free Tools for Managing Finances

Rosecut, a wealth management service provider, has introduced free tools that were previously available only to high-net-worth-individuals (HNWIs). The Fintech company’s wealth management software suite has been designed to help clients with planning how to achieve their financial goals or objectives. The Wealthtech suite allows… Read More

Real Estate Source Platform Infabode Makes Another Return to Seedrs; Now Seeking to Raise £300,000 in Funding.

Less then a year and a half after raising £120,568 through its previous equity crowdfunding campaign on Seedrs, real estate source platform, Infabode, has made a return to the funding platform to raise an additional £300,000. As previously reported, Infabode connects its community of users… Read More

Fintech BABB, an FCA Authorized Payment Service Provider, Aims to Make it Faster, Cheaper to Send Money, Now Raising Funds via Seedrs

BABB (Bank Account Based Blockchain), an FCA authorized payment institution, aims to make it easier and cheaper to send cross-border payments. The company uses the latest technology to “bypass” traditional banking networks and costly third-parties to facilitate international fundraising and peer to peer (P2P) transactions…. Read More

London Fintech SatoshiPay Reveals How they’ve Leveraged Blockchain or DLT to Process Real-Time Micropayments for Online Publishers

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has revealed that it has reached a key milestone in establishing its blockchain-enabled clearing platform as a “new standard” for cross-border transactions. The SatoshiPay team notes that, as of August 2020,… Read More

London’s Propio, which Offers “Simple, Affordable, Tax Efficient Ways” to Invest in Property, to Launch P2P Lending Platform

  London-based Propio, a platform that aims to serve as the home of The Property ISA by providing a “simple, affordable, and tax-efficient way” to invest in property, reveals that it has secured £278,000 in capital from its funding round and the UK government’s Future… Read More

London’s Property Investment Platform, British Pearl, Is Considering Expanding Business into other European and Hong Kong Markets

London-based British Pearl, a directly FCA authorized property investment platform that’s listed in the top 100 UK Fintech firms by Her Majesty’s Treasury, will be expanding its business into other jurisdictions, instead of just focusing on the local markets. British Pearl specializes in fractionalized property… Read More

Fintech Firm FXPress, a Forex Specialist, to Acquire Avila House so it Can Offer Accounts for Depositing, Holding, Transferring Funds

Fintech firm FXPress Payment Services revealed on August 18, 2020, that it will be acquiring Avila House Ltd, which is subject to regulatory approval. Avila House is a licensed Small Electronic Money Institution. FXPress Payment Services Ltd is authorized and regulated by the UK’s Financial… Read More

Financial Education App, Invstr, Offers an Alternative to Millennials who Might Not Want to Use Robo-Advisors

The COVID-19 pandemic has “completely disrupted” young Americans’ financial stability, according to an update shared with Crowdfund Insider. The economic uncertainty due to the Coronavirus crisis has forced Millennials (people born around 1980 to 1996) to rethink or re-evaluate their retirement strategies, if they even… Read More

Fintech Firm Vitesse, which Supports Real-time Cross-Border Payments, Acquires £6.6 Million in Capital via Series A Round

London-based Fintech firm Vitesse, which enables real-time cross-border payments, revealed on August 11, 2020 that it has secured £6.6 million in capital through a Series A investment  round. The firm’s funding round was led by Octopus Ventures. Existing shareholders Hoxton Ventures and several other angel… Read More

Honeycomb Investment Trust, which focuses on Alternative Financing, Seeks £1.5 Billion Merger with Pollen Street Secured Lending

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

UK Fintech Sync., a Bank Account Aggregation and Financial Management Service, Secures £5.5 Million in Seed Funding

London-based Sync., a bank account aggregation and personal financial management service established by Ricky Lee, who’s Revolut’s former head of product design and strategy, has secured £5.5 million through a seed funding round as the company plans to further expand its operations into European. Sync…. Read More

UK Fintech Wiserfunding to Introduce AI enhanced Cloud based Credit Risk Assessment Tools in India

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

London Stock Exchange Might be Looking to Sell Borsa Italiana so it Can Complete Refinitiv Acquisition

The London Stock Exchange (LSE), which is based in the City of London, England and has a market cap of around $4.6 trillion, is reportedly looking into whether it should sell its Borsa Italiana business, so that it can appease certain European Union regulators, and… Read More

Digital Bank Starling Facilitates the Disbursement of £654 Million in Loans under UK’s BBLS to 24,000 Businesses

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

UK Fintech Flex to Launch Money Management App to Help People Solve their Financial Problems

Flex, a money management app, has been introduced in order to help people with solving their financial problems by effectively managing their finances. Flex’s money management service can be accessed by opening a new account within minutes, the company claims. There’s currently a free and… Read More

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