Tagged: uk

May 25, 2023 @ 8:45 am By Omar Faridi  |  

Anne Boden, the founder of Starling Bank – a top UK digital bank, is to step aside as CEO on 30 June. Boden will remain on the Board as a non-executive director. John Mountain, Starling’s COO, will take over as interim CEO to lead the… Read More

May 23, 2023 @ 9:19 am By Omar Faridi  |  

Assetz Capital recently announced its institutionally funded lending strategy and its move away from retail funding of its lending. The 10-year old alternative lending platform has “continued to focus on its core areas of expertise including ground up residential housebuilding, residential refurbishment, and continued strong… Read More

May 23, 2023 @ 6:21 am By Omar Faridi  |  

Frost, the “innovative” personal finance app, has announced the expansion of its automated provider switching tool ‘Save Assist’ to include broadband switching services. The announcement comes in response “to the recent 17.3% broadband price hike in April, as reported by Money Saving Expert, leaving consumers… Read More

May 22, 2023 @ 11:06 pm By Omar Faridi  |  

Topps Tiles, the UK’s tile specialist founded in 1963, is a “household name” with over 300 stores nationwide. The well-known retailer always aims “to provide an inspirational shopping experience and an unrivalled product range, coupled with exceptional convenience — a philosophy that crosses over onto… Read More

May 22, 2023 @ 4:07 pm By JD Alois  |  

Collateral UK, once a peer-to-peer lending platform that went into insolvency in 2018, has seen fraud convictions of its founders. According to the Financial Conduct Authority that filed the charges, Peter Currie was convicted of two counts of fraud and one of money laundering. His… Read More

May 22, 2023 @ 8:29 am By JD Alois  |  

CrowdProperty has announced it has increased rates paid to investors to a range of 8% to 9%. The announcement is being made following the recent move by the Bank of England, which increased benchmark rates to 4.5%. The rates paid to investors are on both… Read More

May 22, 2023 @ 8:05 am By Omar Faridi  |  

Starling Bank customers can now organize their salary payments across their account. The new feature, called ‘Split payment’, allows customers “to decide how much of an inbound payment, such as their salary, to put away and where, including their saving Spaces, joint accounts, additional accounts… Read More

May 21, 2023 @ 10:30 pm By Omar Faridi  |  

AltTab Capital, the cryptocurrency and digital assets hedge fund company, announces the launch of an office in London, UK, which will allow it to expand its network of international Professional Investors and other partners. AltTab Capital was “founded as an investment company in North America… Read More

May 21, 2023 @ 1:40 pm By JD Alois  |  

Crowdcube’s Next Unicorn project has narrowed the number of companies down to 20. As the name explains, the project is to uncover the next company to be worth over one billion dollars. As was previously reported, BrewDog co-founder James Watt is working with Crowdcube on… Read More

May 21, 2023 @ 12:00 pm By Omar Faridi  |  

GoCardless, a global firm focused on direct bank payments, has partnered with Bluefort, an independent software vendor and Microsoft solutions partner, in order “to offer a simple way for businesses to manage their billing, payments and accounting directly within Dynamics 365.” The newly launched GoCardless… Read More

May 21, 2023 @ 9:18 am By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals that pension savers put significantly more money “aside for their retirement at the start of 2023 than they did in the latter part of 2022, despite persistent levels of high inflation.” The average quarterly contribution amount “for female… Read More

May 20, 2023 @ 10:34 am By Omar Faridi  |  

MerQube UK Limited, a key player focused on the development of technology for indexing and rules-based investing, announces that it has been authorized by the UK’s Financial Conduct Authority (FCA) “to carry on the regulated activity of administering benchmarks under Article 34 of the Regulation… Read More

May 20, 2023 @ 7:30 am By Omar Faridi  |  

Delta Capita, the Financial Services division of Prytek, a global Capital Markets consulting, managed services and technology provider has welcomed Julian Chesser as its new Regional Head of APAC who will be based in Singapore. In this role, Julian will be “responsible for leading all… Read More

May 19, 2023 @ 12:48 pm By Omar Faridi  |  

Fintech firm Revolut has introduced multi-currency business accounts in Australia and signaled its intention to acquire a banking license in the country. The new business account allows companies to exchange as much as A$75,000 per month, with head of Revolut Business James Gibson revealing to… Read More

May 18, 2023 @ 7:23 am By JD Alois  |  

Digital asset industry participants are pushing back against the Parliament Treasury Committee’s report on crypto that declared the asset class should be treated like gambling. The statement was predicated on the opinion that many cryptocurrencies hold no intrinsic value – except for speculation. The Chair… Read More

May 17, 2023 @ 11:29 pm By Omar Faridi  |  

Fabrick, a European leader in ‘Open Finance’, announces today the acquisition of Judopay, a UK-based mobile payments company. This deal will allow Fabrick’s Payment Orchestra “to benefit from Judopay’s innovation expertise in digital commerce.” Together, they will “define new models and standards to provide smoother… Read More

May 17, 2023 @ 5:19 pm By JD Alois  |  

This morning, a Parliament Treasury Committee issued a report that was highly critical of crypto, announcing that it believes this sector should be regulated similarly to gambling. The Committee said many digital assets have no intrinsic value, creating unecessary risk for UK investors. Today, Innovate… Read More

May 17, 2023 @ 10:47 am By JD Alois  |  

CapitalRise, a specialist prime property finance company, has provided £7.4 million for a loan to develop two detached properties totaling 17,490 sq. ft on a private 15-acre plot of land in affluent Marlow. CapitalRise adds that the property will include leisure facilities such as a… Read More

May 17, 2023 @ 8:27 am By Omar Faridi  |  

Standard Chartered (LON: STAN) and one of the “largest” merchant acquirers, Worldpay from FIS, have announced a strategic partnership “to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants.” This global partnership is considered… Read More

May 17, 2023 @ 8:24 am By Omar Faridi  |  

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More