Tagged: uk

May 7, 2022 @ 2:37 pm By Omar Faridi  |  

GoCardless, which claims to be a leader in direct bank payment solutions, has announced the appointment of Paul Stoddart as President. Stoddart joins from Mastercard where he “was President of its New Payment Platforms, Executive Chairman of Vocalink and a Member of the Mastercard Management… Read More

May 7, 2022 @ 1:35 pm By Omar Faridi  |  

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

May 6, 2022 @ 11:35 am By JD Alois  |  

Brickowner, a property investment platform, has revamped with a new and improved offering for its investors. Launched in 2017, Brickowner says it wants to enable investments in minutes – not weeks. The Proptech provides a full-stack service for developers, fund managers as well as property investors…. Read More

May 6, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has distributed a Dear CEO letter to firms pitching credit in relation to their potentially misleading advertising. The FCA states that it has issued almost 28,000 consumer credit firms warning them not to use terms such as “no credit… Read More

May 6, 2022 @ 9:09 am By JD Alois  |  

Maydan Capital, a marketplace for vetted private securities offerings, has completed its first successful financing round for Netherlands-based Fairnance. UK-based Maydan Capital is an equity-focused private placement platform for early-stage and growth companies. The platform connects retail, accredited, and sophisticated investors directly to vetted equity… Read More

May 6, 2022 @ 8:09 am By Omar Faridi  |  

The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

May 5, 2022 @ 11:45 pm By Omar Faridi  |  

Transact365, a UK-headquartered global payments platform powering merchants in emerging markets, has appointed David Lambert as its new Chief Executive Officer. An original co-founder and former Commercial Director at Transact365, Lambert will be responsible for overseeing the Fintech firm’s expanding merchant client base and card… Read More

May 5, 2022 @ 10:43 pm By Omar Faridi  |  

Metro Bank is reportedly one of the signatory companies “pledging support for the National Literacy Trust’s Vision for Literacy Business Pledge.” Poor adult literacy skills mean that one in seven adults in England “have the reading skills of a nine to eleven year old.” Poor… Read More

May 4, 2022 @ 9:15 am By JD Alois  |  

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

May 4, 2022 @ 8:25 am By Omar Faridi  |  

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More

May 4, 2022 @ 8:22 am By Omar Faridi  |  

Leumi ABL, the Asset-Based Lending (ABL) subsidiary of Bank Leumi UK, has introduced a new operating platform on HPD Lendscape’s secured lending tech, in order to transform their invoice discounting and asset-based lending business in the United Kingdom. Lendscape was chosen to support the initiative,… Read More

May 3, 2022 @ 8:32 am By Omar Faridi  |  

The team at Lending Works recently shared their Q1 2022 performance update on their stats page, and they also released their Outcome Statement for 2021. During Q1 2022, Lending Works claims that it focused on “understanding the impact of cost-of-living challenges on [their] active loan… Read More

May 2, 2022 @ 3:32 pm By Omar Faridi  |  

Symphony – which claims to be the “leading” markets’ infrastructure and technology platform – revealed financial firms will now be able “to embed its technology in other platforms in order to successfully complete their workflows without context switching or adding friction.” The firm introduced its… Read More

May 2, 2022 @ 2:38 pm By Omar Faridi  |  

Blend Network CEO Yann Murciano has discussed the challenges of building a property “power team.” Yann recently focused on the “all-important” challenge of simplifying and streamlining “overly time-consuming processes and operations.” When speaking with property developers, one of the “most common” complaints that Blend Network… Read More

May 2, 2022 @ 8:58 am By Omar Faridi  |  

Credas Technologies, which claims to be the “leading” anti-money laundering (AML) checks provider, has set “a new record in volume.” Its estate agency customers are now “carrying out an AML check every five seconds via its platform.” Credas’s customers reportedly “include Connells, Purplebricks, Strike, Minerva,… Read More

May 1, 2022 @ 10:51 pm By Omar Faridi  |  

After a “solid” first quarter of growth, DNA Payments, an independent vertically integrated payments provider, is pleased to confirm that it “achieved 100,000 card payment terminals and online points of sale in April.” This significant milestone for the Group comes after it “announced recent acquisitions… Read More

May 1, 2022 @ 4:37 pm By Omar Faridi  |  

Ozone API, the developer of the standards-based software for open banking and open finance, has introduced a suite of solutions that “enable banks to move beyond compliance and convert their APIs into more strategic and commercial channels.” The enhancements to Ozone’s open API platform “give… Read More

April 30, 2022 @ 5:25 pm By Omar Faridi  |  

Plaid, an international open finance data network and payments platform, is announcing an expansion of its Payment Partner Ecosystem in order to include three European partnerships – Primer, UniPaas and NoFrixion. As a result, more vendors and merchants can “leverage open banking in order to… Read More

April 30, 2022 @ 4:38 pm By Omar Faridi  |  

London-based Regtech ALT/AVE  has announced key appointments “to its Advisory Board and a funding boost of more than half a million pounds.” Joining ALT/AVE CEO and founder Chris Ansara and Chair Phil Shelley on the newly created advisory board, “to help guide the company through… Read More

April 30, 2022 @ 4:37 pm By Omar Faridi  |  

  Western Union (NYSE: WU) announced that it is expanding its collaboration with the UK Post Office in order to offer retail cross-border fund transfers. This alliance is reportedly part of the firm’s continued enhancement of its omni-channel offering, “serving its customers across the full… Read More