Tagged: london

May 25, 2020 @ 2:33 pm By Omar Faridi  |  

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

May 14, 2020 @ 7:49 am By Omar Faridi  |  

  UK-based Anna, a mobile business current account and financial administrative assistant services provider for SMEs and gig economy workers, is reportedly looking to expand its operations into Europe. Anna’s management has sold a majority stake in the company to ABHH, an established multinational banking… Read More

May 8, 2020 @ 7:59 am By Omar Faridi  |  

London-based TokenAnalyst, an enterprise-grade provider of data and tools to help users understand and access blockchains and trade digital assets, is reportedly planning to shut down its services. A few members of the TokenAnalyst team will be joining the San Francisco-based crypto exchange  Coinbase. Established… Read More

May 6, 2020 @ 9:37 am By Omar Faridi  |  

Video banking has become increasingly popular during the past few years. It’s quite possible that it will be adopted by even more consumers, due to the Coronavirus (COVID-19) outbreak, which has led to many people practicing social distancing. A recent report from research firm Retail… Read More

May 6, 2020 @ 1:06 am By Omar Faridi  |  

London-based IHS Markit, a global information provider established in 2016 with the merger of IHS Inc. and Markit Ltd., has acquired Catena Technologies, a Singapore-based regulatory trade reporting company. Financial terms of the acquisition have not been shared publicly. Founded in 2002, Catena served as… Read More

May 2, 2020 @ 11:28 am By Omar Faridi  |  

UK-based Fintech firm Flagstone, a developer of one of the largest cash deposit marketplaces in the country, has secured $15 million (appr. £12 million) in venture capital through a funding round led by OMERS Ventures. Existing investors Kindred Capital and Moneysupermarket Group plc also took… Read More

April 28, 2020 @ 4:26 pm By Omar Faridi  |  

UK-based ikigai, the developer of a wealth management and banking app, will be working with TruNarrative, a regulatory technology (Regtech) platform, in order to prepare for its official launch. The Wealthtech firm has taken its name from a Japanese concept or idea which means “a… Read More

April 19, 2020 @ 6:55 pm By Omar Faridi  |  

TruNarrative, a solution for financial fraud detection, prevention, anti-money laundering (AML), know-your-customer (KYC), behavioral monitoring and identity verification, has teamed up with AccountScore, a London-based analytics firm offering actionable insights and analytics on banking processes. The partnership involves adding open banking capabilities to the TruNarrative… Read More

April 19, 2020 @ 5:32 pm By Omar Faridi  |  

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

April 12, 2020 @ 2:20 pm By Omar Faridi  |  

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

April 1, 2020 @ 10:22 pm By Omar Faridi  |  

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

March 27, 2020 @ 9:00 am By Omar Faridi  |  

Lanistar, a new challenger bank, has officially launched its platform after acquiring £2 million in seed funding. Based in Hammersmith, Lanistar reportedly has 45 full-time workers on its payroll. The digital bank plans to add 150 more staff members. The neobank has been founded by… Read More

March 25, 2020 @ 8:04 am By Omar Faridi  |  

UK-headquartered Fintech Glint Pay Services Ltd. has revealed that there has been a 700% increase in the amount of gold purchased on its platform during the coronavirus (COVID-19) outbreak, and resulting economic uncertainty. The global economic instability has negatively affected the world’s equity markets. Glint… Read More

March 21, 2020 @ 4:14 pm By Omar Faridi  |  

UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

March 19, 2020 @ 7:42 am By Omar Faridi  |  

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

March 17, 2020 @ 11:09 pm By Omar Faridi  |  

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

March 13, 2020 @ 3:44 pm By Omar Faridi  |  

The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… Read More

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

March 11, 2020 @ 10:55 am By Omar Faridi  |  

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More

March 10, 2020 @ 7:29 am By Omar Faridi  |  

London-headquartered Argent, a digital asset wallet provider that integrates the services of several decentralized finance (DeFi) platforms, including Maker and Compound, has secured $12 million through a Series A investment round. Argent’s funding round was led by San Francisco-based Paradigm, a leading crypto asset investment… Read More