Tagged: uk

July 31, 2023 @ 10:43 am By JD Alois  |  

CapitalRise has provided financing for new luxury rooftop flats in Sloane Court East, Chelsea.  The loan will enable rooftop development, adding two storeys to the building which is currently six storeys high. Leading prime property finance firm CapitalRise has originated a new loan for the… Read More

July 31, 2023 @ 9:20 am By JD Alois  |  

The Financial Conduct Authority  (FCA) now has a higher duty when it comes to “consumer protection.”  As of today, the regulator has a new standard when it comes to financial services oversight. As outlined by the FCA: “You should expect:  helpful and accessible customer support,… Read More

July 31, 2023 @ 8:49 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs),  announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell “has deep expertise in serving SME customers with cyber insurance coverage tailored… Read More

July 30, 2023 @ 9:09 pm By Omar Faridi  |  

The United Kingdom and Singapore held the 8th UK-Singapore Financial Dialogue in London. The Dialogue facilitated a useful exchange of views, and “identified opportunities for further collaboration on joint projects, in priority areas such as sustainable finance and FinTech and innovation.” Sustainable Finance Both countries… Read More

July 30, 2023 @ 11:40 am By Omar Faridi  |  

The British Business Bank has published a list of 67 additional companies in which the Future Fund holds an equity interest, “taking total equity holdings to 591 as at 30 June 2023.” The rate of conversions in Q1 2023/4 increased “compared to the previous quarter,… Read More

July 29, 2023 @ 2:36 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, “with its flexible and interest-free payment options now available online.” The partnership will aim to “help Liberty’s customers save time and money and worry… Read More

July 29, 2023 @ 1:25 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a new, comprehensive range of Residential Mortgage products in order “to better serve Key Workers and Qualified Professionals.” The expanded range boasts “a diverse selection of mortgage products tailored to… Read More

July 29, 2023 @ 10:11 am By Omar Faridi  |  

The Board of Monument Bank is pleased to confirm that regulatory approval has been confirmed for the appointment of Fiona Pollard as the successor to Niall Booker as Chair of Monument Bank. Monument Bank Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 27, 2023 @ 8:30 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

July 27, 2023 @ 3:17 pm By JD Alois  |  

The UK and Singapore have reaffirmed their commitment to partner in certain areas when it comes to Fintech innovation. Both countries are viewed as two of the top Fintech hubs in the world. Sustainable finance was on the list with a statement on the need… Read More

July 27, 2023 @ 10:42 am By JD Alois  |  

Crowdcube has revealed a partnership with Legaltech firm SeedLegals. The goal is to speed up the fundraising process the utilizing technology. Crowdcube is expected to integrate the SeedLegals services directly into its platform in the coming months. This will also include applying for EIS/SEIS qualification,… Read More

July 26, 2023 @ 3:34 pm By Omar Faridi  |  

Rainbow Energy says they have some updates for their business customers. They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 25, 2023 @ 1:23 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement on the recent bust-up over Coutts canceling a high-profile account due to its internal “values.”  Coutts, which is owned by NatWest, shut down the account of former UKIP leader and noted Brexit supporter Nigel Farage… Read More

July 24, 2023 @ 12:23 pm By JD Alois  |  

The Prudential Regulation Authority (PRA), part of the Bank of England, has assessed a “record fine” on Credit Suisse due to its exposure to Archegos Capital Management. Archegos collapsed spectacularly in 2022 leaving losses of billions of dollars. The failure has led to both criminal… Read More

July 24, 2023 @ 10:42 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) published final guidance on the new Consumer Duty initiative last year. Firms are expected to implement the requirements by the end of this month. Consumer Duty sets a “standard of care” for financial services firms in retail markets aiming… Read More

July 24, 2023 @ 9:45 am By Omar Faridi  |  

Tink, which claims to be one of Europe’s leading open banking platforms, reveals research finding that “an estimated 40% of people in the UK would like their bank to offer tools to track their environmental impact.” Based on a survey of over 2,000 UK consumers… Read More

July 24, 2023 @ 8:55 am By Omar Faridi  |  

Atlantic Money, the provider of fixed fee international money transfers, marks its one-year anniversary by releasing its inaugural company figures. The fintech has achieved significant milestones “in both transfer volume and cost savings, solidifying its position in the market.” During its first year of operation,… Read More

July 24, 2023 @ 8:37 am By Omar Faridi  |  

Mediobanca Group, Italy’s largest investment bank, has signed a partnership with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator. This joint venture, underpinned by an overall €12 million investment from Mediobanca, will facilitate innovation… Read More