Tagged: uk

UK Consumers Taking Steps to Deal with Rising Mortgage Costs – Report

A report has looked into how consumers are managing higher mortgage rates and adapting their spending due to inflation. This along with other key insights are shared in the KPMG UK’s latest Consumer Pulse research. KPMG’s Consumer Pulse survey “tracks how over 3000 consumers across… Read More

Zumo Claims First in Adhering to FCA’s New Promotion Requirments for Crypto

  Digital asset as a service firm Zumo reports that it now adheres to the new Financial Conduct Authority (FCA) requirements when promoting digital assets or crypto. Zumo says it is the first platform to adhere to the new rules. Zumo says that some platforms… Read More

Capital on Tap, the Fintech Democratizing SME Funding, Launches £250M Securitization Facility

Capital on Tap, the Fintech company which says it is focused on democratizing small business funding, opened the London Stock Exchange market recently in order to mark the launch of its £250 million securitization facility. The securitization, called London Cards No.1, is reportedy among the… Read More

London-based Elliptic, MaiCoin, MAX Exchange to Enhance AML Capabilities in Taiwan

Elliptic – the global leader in cryptoasset risk management – is partnering with MaiCoin and MAX Exchange, which are both integral platforms of MaiCoin Group in Taiwan. The collaboration will further MaiCoin Group’s commitment “to advancing digital assets into the mainstream, while providing its clientele… Read More

Apple Benefits from Open Banking in the UK as Wallet Now Shows Bank Account Balances

Apple (NASDAQ:AAPL) is extending its Fintech services by enabling real-time connections to bank accounts in the UK, and displaying balances in the Apple Wallet. The UK has emerged as a leader in open banking technology, which means financial firms are required to provide access to… Read More

Bank of Scotland Reports Decline in Number of First-Time Buyers Amid Tougher Property Market Conditions

The number of first-time buyers in Scotland reportedly “fell by 14% between January and August 2023, compared to the same period in 2022,” according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture “for the UK… Read More

UK Neobanking Fintech Perenna Secures £42M to Support Mortgages Launch

Perenna is pleased to announce they’ve raised over £42m in our latest fundraise, which was reportedly “led by Silverstripe Investment Management, alongside participation from existing investors.” This successful fundraise is a major milestone for Perenna’s rapidly growing company, and “testament” to the great team they… Read More

Chartered Institute of Internal Auditors, Fastpath Expand Partnership Ahead of UK Corporate Governance Reform Deadline

Fastpath, a global firm focused on application governance, risk, and compliance, is expanding its partnership with the Chartered Institute of Internal Auditors (Chartered IIA), the internal audit firm focused on standards, certification, education, research, and technical guidance in the UK and Ireland. The alliance will… Read More

UK Fintech Vega Secures Funding to Enhance Wealth Management Services

Vega, a UK-based wealthtech platform set up by a team of former executives from hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment from venture capital firms and angel investors. Alexis Augier, founder and CEO of Vega,… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

HSBC UK, Nationwide Building Society, Others Launch Support Hub to Share Access Needs with Multiple Organizations

Founding members including HSBC UK, Nationwide Building Society, Tesco Bank, NewDay, Co-operative Bank and Ovo have come together to launch Support Hub, a free platform powered by Experian that “shares access needs with multiple organisations in one go.” Nearly three-quarters (73%) of disabled people “have… Read More

Blockchain Protection Firm Coincover Appoints Ridhima Durham to Key Executive Role

Coincover, the blockchain protection company, announces the appointment of its new Chief Commercial Officer, Ridhima Durham, who joins at a critical time following its recent successful funding round in January and rebrand in July. Ridhima joins Coincover from Salary Finance where she “spent four years… Read More

UK Economy Report: High Interest Rates, Continued Uncertainty, Low Productivity Could Pose Challenges

High interest rates, continued uncertainty and low productivity could see the UK struggle to keep its head above water “in the second half of the year – with GDP growth forecast at 0.4% in 2023 and 0.3% in 2024,” according to KPMG’s latest UK Economic… Read More

UK’s Standard Life Teams Up with Moneyhub, the Open Banking Platform, to Provide Pensions Dashboard

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

Galaxy Digital to Scale UK, European Operations with New CEO Appointment

Galaxy Digital Holdings Ltd (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sectors, announced that Leon Marshall has been named Chief Executive Officer of Europe. In this newly formed role, Mr. Marshall will be “responsible for overseeing… Read More

Mintago Secures $4.75m to Propel Financial Wellbeing Solutions in UK

Financial wellbeing startup Mintago has announced raising $4.75 million in its latest funding round to augment its platform and expedite its expansion across the UK. Established in 2019 by former Perkbox co-founder, Chieu Cao, Mintago stands as a Financial Conduct Authority (FCA)-regulated company, rendering financial… Read More

UK’s PensionBee Appoints Matthew Cavanagh as Chief Legal Officer and General Counsel

Online pension provider, PensionBee, is pleased to announce the appointment of Matthew Cavanagh as Chief Legal Officer and General Counsel. In 2015, Matthew served “as General Counsel to PensionBee.” He now rejoins as head of PensionBee Group’s legal function, “with responsibility for the provision of… Read More

UK Firms May Offer Flexible Payment Option via iwoca’s B2B Payments Solution iwocaPay

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now “added a second option allowing… Read More

Digital Bank Monzo Makes Enhancements to Gambling Block Feature

Digital bank Monzo notes that gambling charity GamCare has revealed that more people are reaching out for support with problem gambling this year than ever before. Back in June 2018 Monzo claims that it “became the first bank to let you block gambling spending from… Read More

British Business Bank Supports £12.4B of Finance via Core Programs

British Business Bank is supporting more than £12.4bn of finance through its core programs and meets its objectives, but “reports a loss for 2022/23 due to falls in market valuations.” Louis Taylor, CEO, British Business Bank, said: “The British Business Bank has continued to build… Read More

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