Tagged: uk

July 7, 2021 @ 5:18 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

July 7, 2021 @ 2:32 pm By JD Alois  |  

CrowdToLive, a Fintech platform that wants to make home-ownership easier with an equity financing platform, is looking to raise £250,000 on Seedrs. According to the offering page, CrowdToLive is offering equity at a pre-money valuation of £11.9 million. The security is EIS eligible and has… Read More

July 7, 2021 @ 10:35 am By JD Alois  |  

Wise (formerly dba Transferwise) has successfully completed a direct listing on the London Stock Exchange (LSE) on its Main Market. The accomplishment is another milestone mark for the global Fintech that has transformed the industry of moving money around the world. The listing on the… Read More

July 7, 2021 @ 7:58 am By Omar Faridi  |  

UK-based Creditspring, the Financial Conduct Authority-regulated consumer credit solution provider, now claims around 50,000 members since it launched operations back in 2016. This is a key milestone for Creditspring, a company that aims to improve the financial wellbeing of 100,000 members by the end of… Read More

July 7, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Atom Bank, which claims to be the very first app-based bank, reports that it has surpassed £3 billion in residential mortgage completions. The Fintech has also reached £1 billion in total deposits into its Instant Saver accounts. Since launching operations in November 2016, Atom… Read More

July 7, 2021 @ 12:22 am By Omar Faridi  |  

The New Payments Architecture (NPA) will aim to offer various benefits for businesses and personal clients residing in the United Kingdom, which may assist with improving the way they control their professional and personal transactions while creating more innovation opportunities. The adoption of the ISO… Read More

July 6, 2021 @ 4:25 pm By Omar Faridi  |  

Dozens, an established financial institution, is set to offer digital receipts with item-level data to clients via their banking apps. Customers that have activated Flux should get an automatic digital receipt in their transaction feed each time they make a purchase at a participating retail… Read More

July 6, 2021 @ 10:44 am By JD Alois  |  

Previse has partnered with Pagero to offer early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice, according to a company release. Previse is described as an AI… Read More

July 6, 2021 @ 9:40 am By JD Alois  |  

CrowdProperty is reporting a £300 million institutional funding line agreement with a “new major investment manager.” The funding line is said to be a five-year agreement that complements CrowdProperty’s existing sources of capital. CrowdProperty is a property lending platform that provides access to capital for… Read More

July 6, 2021 @ 9:03 am By JD Alois  |  

At the end of last month, the UK Financial Conduct Authority (FCA) announced that Binance Markets Limited was no longer permitted to undertake any regulated activity in the UK. Binance Markets is part of the broader Binance Group – a company that powers the largest… Read More

July 6, 2021 @ 7:53 am By Omar Faridi  |  

Leading European digital asset manager CoinShares will be acquiring Global Blockchain Equity Index, according to a release. As noted in the announcement, dated July 6, 2021, CoinShares is set to expand its footprint into equities market with its acquisition of the exchange-traded -fund or ETF… Read More

July 5, 2021 @ 2:59 pm By Omar Faridi  |  

mmob, an Open Finance partnership platform, has announced that it has received authorization or approval from the UK’s Financial Conduct Authority (FCA) for Payment and Account Information Service Provision. The approval from the United Kingdom’s regulatory authority validates mmob’s progressive business model and embedded finance… Read More

July 5, 2021 @ 10:55 am By JD Alois  |  

Revolut, a top European digital bank, is working on its next funding round according to a recent report. If accurate, Revolut is anticipated to receive a valuation of between $30 billion and $40 billion. Sky News states that early discussions include SoftBank’s Vision Fund 2… Read More

July 5, 2021 @ 9:36 am By Omar Faridi  |  

Tesco Bank, a British retail bank that has been wholly-owned by Tesco plc since 2008, has confirmed the appointment of Gary Duggan as the institution’s interim CEO, Tesco Underwriting, and interim Chief Insurance Officer. Tesco Bank, which was formed as part of a venture between… Read More

July 4, 2021 @ 9:17 pm By Omar Faridi  |  

FaizPay, a company offering a truly multi-channel fast and fair payments service that’s built on Open Banking rails, has secured 87% or £526,958 of its fundraising target of £600,001 from 79 investors (at the time of writing) via a securities offering on Seedrs. As of… Read More

July 4, 2021 @ 7:40 pm By Omar Faridi  |  

Coconut, a Fintech firm that automates bookkeeping and tax for sole traders, a market of 3.5 million in the UK, has raised £918,370 from 1202 investors (at the time of writing while having a £700,000 target) through a campaign on Crowdcube. Coconut reports a pre-money valuation… Read More

July 3, 2021 @ 11:21 am By Omar Faridi  |  

Smart, the multinational retirement savings tech platform provider that’s used to power the Smart Pension Master Trust, one of the ‘Big Four’ UK auto enrolment master trusts, has finalized a £165 million Series D round. As explained by the company: “Smart Retire has been designed… Read More

July 3, 2021 @ 10:12 am By Omar Faridi  |  

UK Finance has confirmed four new appointments to the UK Finance Board – which are all effective as of July 1, 2021. Matt Hammerstein, CEO of Barclays Bank UK; Lucy-Marie Hagues, CEO at Capital One UK; John Hourican, Chief Executive of NewDay Group; and Max… Read More

July 2, 2021 @ 12:42 pm By JD Alois  |  

Yesterday, the Chancellor of the Exchequer Rishi Sunak outlined his vision for financial services in the UK. The Chancellor highlighted his goal of maintaining, and growing, the UK’s prominence in the finance industry – including the Fintech sector. Topics covered targeting Fintech included distributed ledger… Read More

July 2, 2021 @ 10:32 am By JD Alois  |  

The Chancellor of the Exchequer Rishi Sunak has outlined his vision for financial services in the 2021 Mansion House speech. Charting the roadmap forward post-Brexit, the Chancellor noted the importance of financial services for the UK economy. Financial services currently employs around 2.3 million people… Read More