Tagged: scotland

Wyoming’s Digital Asset Strategy Should Inspire Scotland to Emulate its Success: Report

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

Scotland’s Digital and Fintech Job Market Might Be Recovering after Experiencing Issues due to COVID-19

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. 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

Royal Bank of Scotland’s Tyl Contactless Payment Service Reports Solid Uptake

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More

Royal Bank of Scotland Announces New Payment Service Tyl

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

Norwegian and Scottish Fintech EedenBull and Mastercard to Streamline B2B Payments in Asia Pacific (APAC)

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

UKRI awards £22.5m in funding to Edinburgh’s Global Open Finance Centre of Excellence Fintech Hub

The Global Open Finance Centre of Excellence Fintech Hub (known as GOFCoE Fintech Hub) was launched in Edinburgh, Scotland in 2018. With the overarching aim of safely unlocking the potential of customer data to improve lives, the GOFCoE has secured £22.5 million in funding from… Read More

Edinburgh Fintech Aveni to Offer CRM, Video Conferencing and Natural Language Processing Tools to Streamline Financial and Professional Services Businesses

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

Fintech Firm EedenBull to Expand its Presence in the B2B Digital Payments Sector

Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector. The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space. EedenBull’s management… Read More

Royal Bank of Scotland Shuts Down Mobile App Bank Bó Six Months After Launching to the Public

Royal Bank of Scotland (RBS) has reportedly shut down its mobile-app banking group Bó just six months after launching to the public. Bó is described as a small business with big ambitions. “We’re an app, a card, but most importantly a small change in your… Read More

Regtech: Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am… Read More

Fintech Scotland Partners Fintech Alliance to Bring Together UK-based and Global Financial Technology Ecosystem Participants

Fintech Scotland, an independent entity that aims to support the local financial technology-focused community and cluster in the country, has teamed up with Fintech Alliance, a platform that intends to bring together UK-based and global Fintech industry participants. The partnership between the two organizations will… Read More

Update: Innis & Gunn’s Latest Seedrs Round to Close With More Than £3.2 Million Raised

Scottish brewery Innis & Gunn is set to close its latest equity crowdfunding campaign on Seedrs with more than £3.2 million secured. Through the campaign, which originally launched in December, the brewery sought to raise a minimum of £3 million. Innis & Gunn is claiming… Read More

Overfunding: Innis & Gunn’s Latest Equity Crowdfunding Round Surpasses £3 Million Funding Target on Seedrs

Just days before its equity crowdfunding campaign on Seedrs is set to close, Scottish brewery Innis & Gunn successfully secured its initial £3 million funding target. The campaign launched in November and has attracted more than 2,100 Seedrs investors. As previously reported, Innis & Gunn claims… Read More

Royal Bank of Scotland Debuts £7 Million Fund to Support Scottish Organizations & Communities

The Royal Bank of Scotland recently announced it has launched a new £7 million program to help support communities and organizations across Scotland. The banking group reported that the Royal Bank 300 Fund has been set up to mark the bank’s 300th anniversary in 2027… Read More

Edinburgh-based TSB Bank to Establish New IT Center to Support Digital Banking Services as Part of $156 Million Investment

TSB has confirmed that it will establish a new IT center based in Edinburgh, in order to support the launch of digital banking services, as part of a £120 million (appr. $156 million) investment – which is expected to create around 100 new technology jobs,… Read More

ShareIn Adds Property Crowdfunding Platform Shoijin Property Partners to List of Users

ShareIn, an Edinburgh based Fintech that powers online capital formation, has won a major client, according to the company. The win aligns with the launch of its new modular approach to investment crowdfunding. ShareIn has signed up Shojin Property Partners, a property crowdfunding platform that… Read More

Number of Fintech Firms in Scotland Increases By 60% from 72 to 119 Companies

The number of financial technology (Fintech) companies operating in Scotland has reportedly increased by 60% over the past year. According to Fintech Scotland, there are 119 Fintech-focused businesses based north of the border, which is significantly greater than 72 financial technology companies from the previous… Read More

LendInvest Expands Into Scotland with Buy-to-Let Offering

Online property finance platform LendInvest has announced the expansion of its services into Scotland. LendInvest will offer Buy-to-Let property financing as the “Scottish property market booms.” LendInvest states that recent research shows that property prices in Scotland have soared to an 11 year high, with… Read More

UK-based Fintech Modulr Says It’ll Invest Most of Its £20 Million Funding in Scotland’s Financial Tech Sector

London-based Fintech firm Modulr revealed on October 30 that it’s planning to invest most of its £20 million in funding in Scotland’s financial technology sector, in order to promote innovation and support the nation’s role as a leading tech hub. Modulr’s investment-related decision has come after… Read More

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