Tagged: uk

April 22, 2020 @ 7:51 am By Samantha Hurst  |  

UK-based payments platform GoCardless announced on Wednesday it has launched its first payment intelligence product, Success+ to help businesses tackle the problems caused by failed payments. According to GoCardless, Success+ uses machine learning to analyze trends from GoCardless’ recurring payments data and identify the ideal time… Read More

April 22, 2020 @ 7:45 am By Omar Faridi  |  

France-based Fintech firm PayFit has upgraded its HR and payroll platform to allow UK companies to determine furlough and sick pay during the Coronavirus (COVID-19) crisis. The updates to PayFit’s human resources software will give PayFit users the option to submit Coronavirus-related leave requests. The… Read More

April 21, 2020 @ 11:37 pm By Omar Faridi  |  

UK-based company, For Good Causes, has officially launched its services, which allow people to convert their loyalty points and rewards into a digital charity donation. UK-based charity organizations have begun to experience a significant increase in the demand for their services, following the deadly Coronavirus… Read More

April 21, 2020 @ 10:06 pm By Omar Faridi  |  

Clare Reilly, head of corporate development at PensionBee, a London-based personal finance company, has noted that the present economic challenges and conditions could lead to individuals paying more attention to their retirement and pension plans. There’s been a significant decline in the amount saved in… Read More

April 21, 2020 @ 7:52 am By Samantha Hurst  |  

Barclays announced on Monday it has opened up the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic. Barclays reported that through the program, which is backed by a UK Government guarantee, it will… Read More

April 20, 2020 @ 11:44 am By Samantha Hurst  |  

Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is now seeking £1.75 million through its equity crowdfunding round on Seedrs. Founded in 2015, Mr Lee’s claims to be a “real… Read More

April 20, 2020 @ 11:15 am By JD Alois  |  

Peer to peer lender Sourced Capital is out with a release claiming the UK property market could experience a double-digit rate of decline for property values.  A recovery may take up to 5 years, according to the report. The company says the once-hot market has… Read More

April 20, 2020 @ 9:16 am By JD Alois  |  

In a widely anticipated move, HM Treasury announced a new package of bailout programs for early-stage ventures that did not qualify for programs initially set into place to support the COVID-19 battered economy. There have been profound concerns that younger, entrepreneurial firms that require ongoing… Read More

April 19, 2020 @ 9:55 pm By Samantha Hurst  |  

Thyngs, a UK-based mobile technology platform, announced on Friday it has joined announced on Friday it was teamed up with card-linking API provider Fidel to allow charities to earn more funding through Gift Aid donations. According to Thyngs, the new partnership is aiming to make… Read More

April 19, 2020 @ 9:35 pm By Samantha Hurst  |  

Propetly, a UK-based property investing marketplace,  has successfully secured its initial £225,000 funding target through its equity crowdfunding campaign on Seedrs. As previously reported, Propetly describes itself as a marketplace that allows property investors to find, evaluate and calculate their complete investment project. All projects… Read More

April 19, 2020 @ 6:55 pm By Omar Faridi  |  

TruNarrative, a solution for financial fraud detection, prevention, anti-money laundering (AML), know-your-customer (KYC), behavioral monitoring and identity verification, has teamed up with AccountScore, a London-based analytics firm offering actionable insights and analytics on banking processes. The partnership involves adding open banking capabilities to the TruNarrative… Read More

April 19, 2020 @ 5:32 pm By Omar Faridi  |  

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

April 18, 2020 @ 11:28 am By Omar Faridi  |  

Smart money app Snoop is launching its services, which aim to assist consumers with better managing their finances during the Coronavirus (COVID-19) crisis. Established by Jayne-Anne Gadhia, a former executive at digital bank Virgin Money, the Snoop Fintech app leverages Open Banking standards and technology,… Read More

April 17, 2020 @ 3:49 pm By Omar Faridi  |  

AxiomSL, an established provider of regulatory reporting and risk management software, has introduced a regime agnostic offering for SFTR (Securities Financing Transactions Regulation). As noted in a release, SFTR provides counterparties with a reliable process for adhering to international reporting obligations. Customers were required to… Read More

April 17, 2020 @ 3:43 pm By JD Alois  |  

SME Marketplace lending platform Funding Circle (LSE:FCH) has been approved by the British Busines Bank as a lender under the  Coronavirus Business Interruption Loan Scheme (CBILS). The online lender becomes one of a handful of Fintechs in the UK facilitating the program. Funding Circle said… Read More

April 17, 2020 @ 12:28 pm By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Thursday it has launched a new tool that helps business customers to find the appropriate Government coronavirus support scheme for them. Starling Bank further revealed that the tool asks users a series of questions related to their… Read More

April 17, 2020 @ 9:05 am By JD Alois  |  

This is interesting because it is indicative of the economic impact of the COVID-19 pandemic. The UK Competition and Markets Authority (CMA) has provisionally approved Amazon’s (NASDAQ:AMZN) investment in Deliveroo. Before the Coronavirus, the investment was not a given as the CMA was “concerned that… Read More

April 17, 2020 @ 7:59 am By JD Alois  |  

Hannah Nixon, the former CEO of the UK Payment Systems Regulator, has been hired by Curve as an Advisor to the Executive, according to a note from the Fintech. Nixon is expected to help guide Curve’s regulatory strategy as the company grows. Curve is a… Read More

April 17, 2020 @ 7:50 am By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has officially introduced PagoFX, its international payments application for UK customers. Last month, Santander had revealed that it was in the final stages of developing its cross-border… Read More

April 16, 2020 @ 9:42 am By Samantha Hurst  |  

UK-based challenger bank Tide announced on Thursday it has teamed up with insurance solutions provider Hokodo to launch new invoice protection product for SMEs during the COVID-19 pandemic. According to the duo, this new Invoice Protection product will members to protect their businesses and will… Read More