Tagged: uk

April 30, 2025 @ 10:32 am By JD Alois  |  

Chancellor of the Exchequer Rachel Reeves has announced new crypto rules, where crypto exchanges, dealers, and others will be brought into the regulatory perimeter. Clear regulation is vital to allow digital asset technology to develop responsibly. In a public statement, Reeves noted that new rules will… Read More

April 30, 2025 @ 8:18 am By Omar Faridi  |  

The UK’s capital markets, a key part of its financial ecosystem, are undergoing a digital transformation driven by distributed ledger technology (DLT) and securities tokenization. A report by TheCityUK and Hogan Lovells, titled “The Digitalisation of UK Capital Markets: Digitalised Financial Market Infrastructure and Tokenised Bonds,”… Read More

April 29, 2025 @ 9:18 pm By Omar Faridi  |  

The British Business Bank announces the accreditation of Creative Growth Finance as a delivery partner under the Growth Guarantee Scheme. Creative Growth Finance (CGF) is Creative UK’s specialist £35m debt fund, which provides growth capital “to high-potential smaller businesses in the UK’s creative sector.” The… Read More

April 29, 2025 @ 10:56 am By JD Alois  |  

Last week, FCA Chief Data, Information, and Intelligence Officer Jessica Rusu delivered a speech on the regulation of digital assets. Delivered at the CityUK International Conference 2025, Rusu said the regulator is supporting growth via innovation while reducing regulatory burdens. She noted that entrepreneurs are “looking for predictability,… Read More

April 29, 2025 @ 8:41 am By Omar Faridi  |  

LSEG announced it has extended its multi-year collaboration with Amazon Web Services (AWS), naming AWS as the preferred cloud provider for its Markets, Risk Intelligence and FTSE Russell divisions. This agreement reportedly builds on the existing relationship “between the two companies.” By migrating internal systems… Read More

April 29, 2025 @ 8:02 am By Omar Faridi  |  

Coinbase (NASDAQ: COIN), Fabric Ventures, Animoca Brands and Founders Factory have launched a multi-million pound accelerator in the UK, set to transform the UK’s blockchain and AI ecosystem. This initiative reportedly aims to unlock product market fit and growth for the so-called “next generation” of… Read More

April 29, 2025 @ 7:58 am By Omar Faridi  |  

The UK’s SME lending market needs a full reboot, according to new research by the UK fintech Allica Bank. With the UK having the lowest business investment rate in the G7, the report highlights how small businesses invest at only “a third of the level… Read More

April 29, 2025 @ 1:08 am By JD Alois  |  

Peer to Peer lender Folk2Folk has posted a preview of 2024 performance. According to the company, its platform generated record revenue for the full year of 2024, marking its sixth consecutive year of profitability. Folk2Folk said the top-line revenue was £6.6 million for the year,… Read More

April 27, 2025 @ 6:37 pm By Omar Faridi  |  

Spendesk, the spend management and procurement platform for mid-market companies, announces its company-wide adoption of Dust, European specialist in custom AI agents for enterprises. This collaboration enables Spendesk to increase efficiency, eliminate fragmented internal AI tool usage, and “ensure data security and compliance with UK… Read More

April 26, 2025 @ 7:34 pm By Michael Wong  |  

London-based fintech WineFi announced raising £1.5 million (about $2 million) in a Seed funding round led by British fine wine group Coterie Holdings, with participation from SFC Capital, Founders Capital, and a syndicate of angel investors. WineFi, founded by former Fidelity International and J.P. Morgan… Read More

April 26, 2025 @ 1:31 pm By Omar Faridi  |  

UK’s digital bank Zopa has reported solid performance for 2024, doubling its full-year profit before tax to £34.2 million, up from £15.8 million in 2023. This milestone, announced on April 24, 2025, marks the Zopa bank’s second consecutive year of profitability, underscoring its robust growth… Read More

April 26, 2025 @ 11:02 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies “with up to £1 billion in annual turnover, providing limits of up to £5… Read More

April 26, 2025 @ 7:09 am By Omar Faridi  |  

In 2024, Digital bank Revolut cemented its position as a key player in the global neobanking sector, reporting $1.4 billion in pre-tax profit—a 149% surge year-over-year—and revenues of $4 billion, up 72% from 2023. Revolut’s annual report, released on April 24, 2025, highlights steady growth… Read More

April 26, 2025 @ 3:55 am By Omar Faridi  |  

UK’s PensionBee, a firm focused on the consumer retirement market, has issued a statement following the release of the Department for Work and Pensions’ Small Pots Delivery Group’s report, which lays out a clear framework for “consolidating small pension pots.” Lisa Picardo, Chief Business Officer… Read More

April 26, 2025 @ 3:27 am By Omar Faridi  |  

More than half (53%) of the UK’s financial services executives reportedly believe that “negativity about the health of London as a financial center is being overplayed,” as the majority (62%) plan to “increase investment in their London operations over the next five years,” according to… Read More

April 24, 2025 @ 5:15 am By Omar Faridi  |  

UK leads venture capital investment in Europe in Q1 2025, according to an update from KPMG. The United Kingdom remain number one in Europe for venture capital (VC) investors despite “a fall in both overall investment and number of deals, according to new figures.” The… Read More

April 24, 2025 @ 4:10 am By Omar Faridi  |  

Real-time bank account verification from LSEG Risk Intelligence, a service provider focused on compliance, risk and fraud prevention solutions, is now available directly within Docusign’s eSignature product. The offering, accessible through Docusign’s Third-Party App Marketplace, will provide “benefits to US customers of Docusign and LSEG… Read More

April 24, 2025 @ 4:07 am By Omar Faridi  |  

Macquarie Asset Management, on behalf of Phoenix Group, one of the UK’s long-term savings and retirement business, has provided £235 million of long-term financing to Westminster City Council (WCC) to acquire more than “350 temporary accommodation properties within the borough of Westminster.” Purchased from the… Read More

April 24, 2025 @ 4:06 am By Omar Faridi  |  

Archax, the UK-based digital asset exchange, broker and custodian, announced that it has opened an entity in the Dubai International Finance Centre (DIFC) under an Innovation License there. This builds on its recently announced expansion into both the EU and US regions, with broker acquisitions… Read More

April 24, 2025 @ 4:05 am By Omar Faridi  |  

TwentyFour Asset Management, the London-based specialist fixed income boutique of Vontobel, has expanded its offering with the launch of a new asset-backed finance (ABF) fund. Managed by TwentyFour’s asset-backed securities (ABS) team, the fund has reportedly been launched in response to “growing client demand for… Read More