Tagged: uk

July 21, 2020 @ 9:19 am By JD Alois  |  

The UK COVID-19 support programs continue to expand as the banking and finance industry has now approved £47.9 billion to over 1.1 million businesses via government-backed coronavirus lending schemes, HM Treasury reports today. Both traditional finance and Fintechs are supporting these programs. Specifically: Coronavirus Business… Read More

July 21, 2020 @ 8:38 am By JD Alois  |  

Germany based Open Banking platform Deposit Solutions says 1/5 of British consumers will consider switching savings accounts during the next 12 months. The historically low-interest rates provided by banks is obviously part of the reason consumers are more willing to consider change. Deposit Solutions is… Read More

July 21, 2020 @ 8:18 am By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has made the tough decision to postpone its UK launch indefinitely. The company announced the unfortunate news in an email on Tuesday, which reportedly read: Hi there,   We’re saddened to… Read More

July 20, 2020 @ 3:19 pm By Samantha Hurst  |  

Virgin Money announced on Monday the trial launch of Home Buying Coach, a new app designed to help first-time buyers navigate the home purchase process. According to Virgin Money, the app is launching in collaboration with Life Moment, a provider of platforms and tools to… Read More

July 20, 2020 @ 10:46 am By JD Alois  |  

HM Treasury has issued two public consultations today. One is a review of the current requirement for an authorized firm to approve the financial promotion of an unauthorized firm that may not operate as a strong enough safeguard to ensure such financial promotions are compliant… Read More

July 20, 2020 @ 9:30 am By JD Alois  |  

The Lord Mayor of the City of London has kicked off a “virtual programme in Australia” with the goal of discussing green tech and Fintech collaboration. According to DIT, William Russell, the 692nd Lord Mayor of London, will be promoting closer collaboration in in these… Read More

July 20, 2020 @ 7:37 am By JD Alois  |  

Starling Bank, a top UK based digital bank, has added Penfold to its Marketplace. Starling’s Marketplace integrates optional third-party solutions to Starling’s users. Penfold is a pension service that enables self-employed individuals to set up and manage a pension. Penfold’s has been designed for freelancers,… Read More

July 20, 2020 @ 7:29 am By Omar Faridi  |  

Banking professionals, asset managers, insurance providers and Big Four auditing firms need access to reliable information about businesses. Fintech firm Galytix has introduced an economic intelligence platform that allows users to gain access to important information about companies. Galytix is reportedly planning to establish operations… Read More

July 19, 2020 @ 10:08 pm By Samantha Hurst  |  

Opportunity Network, a digital network that exists to provide equal growth business opportunities to every CEO, has now raised nearly £900,000 through its equity crowdfunding campaign on Crowdcube. The funding round, which has attracted more than 45 Crowdcube investors, is set to close later this… Read More

July 19, 2020 @ 10:03 pm By Samantha Hurst  |  

Darqube, a UK-based all-in-one investing, analytics, automated trading, and secure messaging platform,  is set to close its equity crowdfunding campaign on Seedrs later this week with more than £400,000 raised from nearly 560 investors. As previously reported, Darqube’s mission is to equip everyone, from novice… Read More

July 19, 2020 @ 3:08 pm By JD Alois  |  

  The Twitter hack that saw 130 different accounts compromised and embarrassed the popular social media company is still be sorted out. It has been reported that the FBI is involved in the investigation of how exactly the perpetrators gained access to prominent Twitter accounts… Read More

July 17, 2020 @ 11:01 pm By Samantha Hurst  |  

UK-based feminine care product company Callaly is now nearing £1.4 million during the final week of its equity crowdfunding campaign, which is currently live on Crowdcube. As previously reported, Callaly describes itself as a new British femcare company based in London named one of the… Read More

July 17, 2020 @ 1:53 pm By Samantha Hurst  |  

IntelliBonds, a UK-based AI/human collaborative investment platform for fixed income institutional investors, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round has already attracted nearly 250 investors. Founded in 2018, IntelliBonds describes itself as a technology… Read More

July 17, 2020 @ 11:46 am By Omar Faridi  |  

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

July 17, 2020 @ 8:59 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, recently concluded its year long review of its Travel Rule standards for virtual asset service providers (VASPs). The FATF confirmed that it will be extending its… Read More

July 17, 2020 @ 8:26 am By Omar Faridi  |  

UK-based Moneybox, a company that provides a user-friendly app to help people save and invest by rounding up their purchases to the nearest pound and setting aside the spare change, has secured £30 million through a Series C investment round that was led by Eight… Read More

July 16, 2020 @ 4:02 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Wednesday the launch of its new account, Monzo Plus. The digital bank reported that the account was created to help users get a “grip” on their finances with features like other bank accounts, credit cards, and credit scores through… Read More

July 16, 2020 @ 10:09 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published draft guidance on their expectations for banks and availability to cash in a market that is seeing a growing number of bank branches closing and ATMs going away. The regulator states that it wants to ensure that… Read More

July 16, 2020 @ 8:40 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the City of London Corporation are partnering on a digital sandbox designed to support firms that are addressing the COVID-19 challenge. The digital sandbox will support both big finance and early state Fintechs seeking to play a role in… Read More

July 16, 2020 @ 8:00 am By JD Alois  |  

UK based Fidel, a Fintech that provides real-time data for credit card transactions with clients like British Airways, Royal Bank of Canada, and Klarna, has expanded into the US with the establishment of a New York office. Fidel is backed by Nyca Partners and QED… Read More