Tagged: uk

April 29, 2022 @ 9:18 am By JD Alois  |  

This week the Times published an article on the Future Fund and its performance, slamming it for “over 30 failures.” Managed by the British Business Bank, the Future Fund was one of several COVID support programs designed to backstop firms impacted by the pandemic. The… Read More

April 28, 2022 @ 8:29 am By Omar Faridi  |  

21Shares AG, which claims to be the largest issuer of cryptocurrency exchange traded products (ETPs), has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the “world’s first” ETP that combines Bitcoin and Gold. BOLD has been developed “in… Read More

April 28, 2022 @ 8:25 am By Omar Faridi  |  

Over 8 million current accounts have reportedly been switched since a service making it a lot easier for clients to swap their banks or building society was introduced. The Current Account Switch Service (Cass) was introduced back in 2013 in order to remove all the… Read More

April 27, 2022 @ 6:52 pm By Omar Faridi  |  

Newcastle-headquartered Fintech firm, ION is pleased to confirm that they have joined Stripe’s Partner Ecosystem (SPE), becoming a key partner with Stripe, an international tech firm that is focused on building payments infrastructure for the Internet. As an endorsement of the collaboration, Stripe has appointed… Read More

April 27, 2022 @ 11:51 am By JD Alois  |  

Digital lender Sonovate, a firm that provides invoice finance and technology services, has announced a new embedded finance offering providing cloud-based, lending APIs. Sonovate states that its “enterprise-grade” invoice platform can provide instant funding decisions, increased automation, enhanced reporting, and more for businesses that utilize… Read More

April 27, 2022 @ 9:38 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading Open Banking platform, has reinforced its reputation as an “industry innovator,” with the availability of its unique Variable Recurring Payments (VRP) API for sweeping and non-sweeping, “changing the way customers make and manage ecommerce payments, subscriptions, utility bills… Read More

April 27, 2022 @ 8:22 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of “high-performance” professional trading software, infrastructure and data solutions, recently announced that London-based industry veteran Nick Garrow has joined the firm in the new position of EVP Multi-Asset & Buy Side. Garrow has over 20 years of… Read More

April 26, 2022 @ 4:42 pm By JD Alois  |  

Starling Bank, a top digital bank operating in the UK, has raised more money. According to multiple reports, Starling has raised £130 million at a £2.5 billion valuation. It was reported that Starling may use some of the new money to target acquisitions to complement… Read More

April 26, 2022 @ 7:47 am By Omar Faridi  |  

StonePay, which is an app for building and sharing your B2B Business Reputation, has acquired 107% (£321,998) of its £300,000 target from 127 investors (at the time of writing) via Seedrs with 1 day left in the company’s crowdfunding campaign. Here are the key business… Read More

April 25, 2022 @ 9:32 pm By Omar Faridi  |  

UK based Greg Rowe Limited, which has designed and manufactured multi-functional kitchen taps for 50+ years, including the “unique” four-in-one QETTLE, has upgraded its contact center and payment security technology “to handle an increase in call and payment volumes to the company’s customer service team.”… Read More

April 25, 2022 @ 10:37 am By Omar Faridi  |  

LHV Group will reportedly be making an investment worth €1 million in the Estonian financial tech company Modular Technologies OÜ, trademark ‘Tuum’. The firm is developing a new generation banking platform that “offers the core system also to LHV UK Limited, a subsidiary of LHV… Read More

April 25, 2022 @ 9:56 am By JD Alois  |  

‘Winning with Fintech’ The Confederation of British Industry (CBI) has called out Fintech as a key opportunity for the UK economy. In a speech today, CBI President Lord Bilimoria announced a new campaign to encourage more people to utilize Fintech and help boost the future… Read More

April 24, 2022 @ 11:38 pm By Omar Faridi  |  

Britannia Financial Group, a global financial services group with head offices in London, is pleased to confirm the acquisition of Alphaplate Ltd, a proprietary tech firm “specializing in cryptocurrency trading.” Alphaplate was established in 2017 and is “a systematic, quantitative market-maker predominately on top tier… Read More

April 24, 2022 @ 8:57 pm By Omar Faridi  |  

Finastra has confirmed the appointment of Isabel Fernandez, a “highly” regarded senior banking and technology executive, “to the role of EVP for the company’s Lending Business Unit, effective May 2022.” Isabel will be “part of Finastra’s recently expanded leadership team as the company pivots to… Read More

April 24, 2022 @ 4:43 pm By Omar Faridi  |  

Tintra PLC, the Regtech firm building a global, borderless banking infrastructure to democratize payments for emerging markets, recently announced share issue details of the “latest receipt of a $2 million private funding round, valuing the company, in the private market at least, at $100 million,… Read More

April 23, 2022 @ 2:49 pm By Omar Faridi  |  

Fintech firm Lightyear, which launched in the UK last year, recently announced the addition of new features: limit orders, auto conversions and exportable activity statements. Lightyear has also “formally appointed two of its seed investors as advisors, Wander Rutgers and Joe Cross.” Lightyear, founded by… Read More

April 22, 2022 @ 11:55 am By JD Alois  |  

Crowdcube has become the first investment crowdfunding platform to be approved under the new European Crowdfunding Service Provider Rules (ECSPR) that went into effect in November of 2021. Crowdcube, a platform that has long operated a subsidiary in Spain, received approval from the Spanish regulator… Read More

April 22, 2022 @ 5:23 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published an expected report on challenger banks and financial crime controls which states that some are falling short when it comes to diligence against malfeasance such as money laundering. The review, conducted during 2021, said that some challenger… Read More

April 21, 2022 @ 11:02 am By Omar Faridi  |  

  In the face of this “tsunami” of branch closures, plans are progressing on a pilot which will see high street “champions” and community branch innovators, Newcastle Building Society, team up with global player in cash automation, GLORY, and shared banking Fintech, OneBanks Hub, in… Read More

April 21, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has received a forfeiture order for £2,000,000 regarding erstwhile Fintech QPay Europe Limited, a firm that at one point sought to be regulated by the FCA. The money was initially frozen in “urgent proceedings” initiated by the FCA in… Read More