Tagged: uk

FCA Posts Updated Stock Listings Rules as UK Seeks to Boot Public Listings

This past week, the UK Financial Conduct Authority (FCA) posted updated rules designed to encourage more public share listings in the UK. The “overhaul” of the rules are part of a broader push to ensure and grow the UK’s status of a leading global financial… Read More

UK’s Metro Bank Announces Limited Company Buy-to-Let Product as Part of Focus on Becoming Specialist Lender

Metro Bank has recently announced that it launched its first Limited Company Buy-to-Let product as part of its continued focus on becoming a leading specialist lender. Owning a property through a Limited Company structure “can be more tax efficient than owning the same property on… Read More

UK FCA Sets Court Dates for “Finfluencers” Years Out

The UK Financial Conduct Authority has ramped up its name and shame approach to scofflaws who allegedly commit financial services crimes. While in the US, the Securities and Exchange Commission, has long publicly posted their enforcement actions this is not as common in the UK…. Read More

UK Small Business Equity Tracker: Stabilizing, UK 3rd in World for Venture Capital

The UK British Business Bank has posted its Small Business Equity Tracker for 2024. The numbers aren’t so great compared to 2022, as investments in UK smaller firms tanked by 48% to £8.8 billion. The number of deals declined as well by 25% to 2152…. Read More

Labour Government to Support UK Fintech, May See £328 Billion Tax Boost from Key Sector

The new Labour government is expected to “embrace” the UK Fintech industry. The UK has long been a top global financial services sector, and support of Fintech is key to growth and ongoing relevance. According to a report in CityAM, the new Chancellor of the… Read More

Global Fintech Ecosystem Secures Nearly $16 Billion in Capital During H1 2024, UK Tops All Other EU Countries Combined – Report

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

Seedrs MD Comments on Transition to Republic Europe

As was reported yesterday, Seedrs has rebranded to Republic Europe. Republic, based in the US, announced the acquisition of the investment crowdfunding platform in 2021.  The re-branding is an obvious transition as Republic aims to create a global brand of online capital formation and ancillary… Read More

UK’s Lloyds Banking Group Joins Experian’s Support Hub

Clients of service providers including Lloyds, Halifax and Bank of Scotland will now be able to share their access and support needs. Experian announces Lloyds Banking Group (LBG) as the newest partner of its Support Hub service. As part of Experian Support Hub, LBG, home… Read More

UK Business Activity Grew Across Major Regions in June – Report

Business activity grew in nine UK nations and regions in June, after having risen in all 12 in the previous month, the latest NatWest Regional Growth Tracker showed. The NatWest Regional Growth Tracker Business Activity Index is said to be “the first fact-based indicator of… Read More

UK’s LendInvest Mortgages Introduces Dual Representation for Bridging Projects

LendInvest Mortgages, the UK’s platform for mortgages, announces the introduction of dual representation for bridging projects, now available across our entire product range. This innovative feature, powered by LendInvest’s Mortgages Portal, “offers customers greater flexibility and efficiency in managing their bridging deals.” With dual representation,… Read More

UK’s OakNorth Completes Nearly £730M of Lending to British Businesses in H1 2024

OakNorth, the digital bank for entrepreneurs, has lent several hundred million pound to British businesses in the first half of this year, as it continues its track record of supporting the most ambitious and innovative businesses across the UK. OakNorth’s focus has been on “supporting… Read More

UK’s Ethos, a Financial Services Firm, Teams Up with Thought Machine, the Banking Tech Provider

Ethos, a financial services company dedicated to ethically minded consumers in the UK, has partnered with Thought Machine, the cloud-native banking technology company, to launch a Shariah-compliant digital service. Ethos will deploy Thought Machine’s core banking platform, Vault Core, to offer seamless and real-time Shariah-compliant… Read More

NatWest Reportedly Becomes First UK Banking Institution to Use Bank-Verified Digital Identity for Global Transactions

NatWest is supporting bank-verified digital identity by integrating OneID in Adobe® Acrobat Sign. NatWest claims that it has “become the first UK bank to use bank-verified digital identity to enable people from different countries to prove their identity in the fastest and easiest way.” The… Read More

UK to Launch Multi Billion National Wealth Fund

In her first speech as Chancellor, Rachel Reeves announced a new National Wealth Fund with an objective to invest in “new and growing industries.” The fund is also expected to “catalyse private sector investment.” It has been reported this new fund will be funded with £7.3 billion. At the… Read More

Seedrs to Rebrand as Republic Europe

Seedrs, based in the UK but operating across the European continent as a securities crowdfunding platform, will rebrand as Republic Europe. Seedrs was founded in 2012 by Jeff Lynn, an American and former corporate attorney at Sullivan and Cromwell, and Carlos Silva as part of a… Read More

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

UK Hiring Activity Report: Professionals Recruited for Permanent Roles Falls Again

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

British Business Bank Announces Growth Guarantee Scheme, Successor to Recovery Loan Scheme

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

UK’s Assetz Capital Introduces Large Cash Advance Boosting Developer Cashflow

Assetz Capital, a funder in the SME development lending market, announce a significant enhancement to its development lending solutions, “offering stronger initial day one advances to developers on schemes up to 70% LTGDV.” This strategic offer is designed to equip housebuilders “with robust financial support… Read More

UK’s ThinCats Explains Why New Labour Government Needs to Back Growth for SMEs

UK’s ThinCats has shared insights following the new Labour government announcement. Managing Director Ravi Anand gives his thoughts on what ThinCats would like “to see from the new government and challenges them to back growth and invest in mid-sized SMEs.” For any incoming Government, there… Read More

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