Tagged: uk

October 29, 2025 @ 7:48 am By Omar Faridi  |  

Barclays PLC announces its wholly-owned US consumer banking subsidiary, Barclays Bank Delaware, has agreed to acquire Best Egg, Inc. for $800 million. Completion of the transaction is currently said to be subject to required regulatory approvals as well as other customary conditions. Best Egg is a US D2C personal loan… Read More

October 27, 2025 @ 4:56 pm By JD Alois  |  

Gradient Labs, an artificial intelligence (AI) platform that targets conversational engagements for finance, is looking to expand its services into the US following “explosive” growth in Europe. Based in the UK, Gradient Labs was co-founded by Dimitri Masin, Neal Lathia, and Danai Antoniou. Each of… Read More

October 27, 2025 @ 10:40 am By Omar Faridi  |  

UK’s digital bank Monzo is reportedly planning a new private share sale, according to sources familiar with the matter. The fintech, known for its app-based banking services, is said to be engaging in discussions that could see existing investors and employees offload shares, potentially valuing… Read More

October 27, 2025 @ 9:37 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) will soon offer futures trading for account holders in the UK. In a company statement, Robinhood stated that users may trade index, energy, metals, and foreign exchange futures directly in the Robinhood app and on Robinhood Legend. The service includes CME products like… Read More

October 27, 2025 @ 8:34 am By Omar Faridi  |  

Jonathan Frost, Director of Global Advisory for EMEA at BioCatch, has noted that the UK Finance half-year report indicates that although the industry appears to be pushing back, bad actors seem to be pushing even harder and, for now, gaining momentum. Frost added that during H1… Read More

October 27, 2025 @ 12:37 am By Omar Faridi  |  

Allica Bank announced this past week the acquisition of Kriya, the SME lending Fintech specialising in SME working capital and embedded finance. The move aims to boost Allica’s SME lending proposition and sees the UK based Fintech move into the embedded payments market. The businesses… Read More

October 25, 2025 @ 11:43 am By Omar Faridi  |  

KPMG UK has recently shared some insights on the latest inflation data According to Yael Selfin, the Chief Economist at KPMG UK, the unchanged inflation rate ensures interest rate cut remains on the table for the current year. Selfin added that the recent data is… Read More

October 25, 2025 @ 1:15 am By Omar Faridi  |  

LSEG announced that 11 global banks (together, the Investing Banks) have agreed to invest in its Post Trade Solutions business, acquiring a 20% stake. The Investing Banks will each now become shareholders in Post Trade Solutions, acquiring the stake for “aggregate cash consideration of £170… Read More

October 24, 2025 @ 10:46 am By Omar Faridi  |  

Research from ClearBank reveals that large UK businesses now view embedded financial services as a strategic boardroom decision and business growth driver. The research report released by ClearBank examines the attitudes of 200 senior business professionals at established UK-based corporates towards embedded finance as well… Read More

October 24, 2025 @ 10:02 am By JD Alois  |  

The UK Financial Conduct Authority is concerned that financial services firms are not prepared for the transition to T+1, scheduled for October 2027. In a recent post, the FCA states that it is seeing “challenges” and “complacency” among firms that the change will impact. “Remember,… Read More

October 24, 2025 @ 9:05 am By JD Alois  |  

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have joined to open up a “Scale Up Unit” with a mission to support regulated firms grow. The Chancellor of the Exchequer, Rachel Reeves, shared the news during a Forum in Leeds. The Forum focused… Read More

October 24, 2025 @ 8:25 am By Omar Faridi  |  

The British Business Bank announced that it co-invested more than £250 million into the UK’s scale-up firms. This latest capital injection has been channeled into 33 UK tech and life science firms, more than half of which are described as being university spinouts. These firms… Read More

October 24, 2025 @ 8:12 am By Omar Faridi  |  

Clay, an AI-powered credit and debit-as-a-service company, selected bank payment Fintech GoCardless in order to simplify its payments.  Clay now uses GoCardless to unify its payment process onto a scalable platform, leveraging GoCardless’ Direct Debit capability to collect repayments and Outbound Payments, the fintech’s disbursement… Read More

October 23, 2025 @ 7:14 am By Omar Faridi  |  

Nest, a pension provider representing around a third of the UK workforce, has committed  a further £500 million to be invested  by Schroders Capital’s private markets business. The allocation strengthens the partnership which began in 2022 and brings Nest’s total committed capital “to Schroders Capital’s… Read More

October 21, 2025 @ 11:19 am By JD Alois  |  

The British Business Bank has received an update on its mission. According to the bank, during the Regional Investment Summit, the Secretary of State for Business and Trade, issued a new Statement of Strategic Priorities. This statement emphasizes the need for the Bank to support… Read More

October 21, 2025 @ 9:15 am By Omar Faridi  |  

Nearly half of financial services professionals (49%) are reporting a significant increase in Gen Z workers leaving their organisation during the last 12 months, according to KPMG’s UK Financial Services Sentiment Survey. Retention challenges are said to have been felt most “prominently” in the banking… Read More

October 20, 2025 @ 3:06 am By Omar Faridi  |  

The future of venture capital investment in the United Kingdom has been boosted after a KPMG report revealed a rise in interest from US based investors due to the market’s ‘attractiveness’. Research undertaken as part of the KPMG Private Enterprise Venture Pulse has now outlined… Read More

October 18, 2025 @ 10:13 am By Omar Faridi  |  

Digital bank Revolut’s growth to more than 65 million users across 38 markets indicates how digital-first banks are transforming global finance. But the Fintech firm’s wait for a full UK banking license exposes a seemingly more pressing issue: how regulatory authorities adapt traditional frameworks to… Read More

October 18, 2025 @ 10:10 am By Michael Wong  |  

The U.K.’s tax agency is turning up the heat on crypto traders, more than doubling the number of warning notices it sent to suspected underpayers in the latest tax year as digital-asset ownership swells. HM Revenue & Customs dispatched almost 65,000 so-called “nudge letters” in… Read More

October 18, 2025 @ 10:09 am By Omar Faridi  |  

Monzo, the digital bank serving business customers, is helping simplify tax filing for sole traders and landlords with a new tool that lets them file directly to HMRC from their Monzo Business bank account. Built in partnership with Sage, the tool is designed to help sole… Read More