Tagged: uk

January 29, 2020 @ 2:34 am By JD Alois  |  

Funding Circle (LSE:FCH), an online lender servicing SMEs in the UK, US, Germany and the Netherlands, has securitized $252 million in US business loans, according to a note from the platform. This is Funding Circle’s 7th securitization and the second to take place in the… Read More

January 29, 2020 @ 2:18 am By Omar Faridi  |  

Urgent action is required in order to address a serious skills and talent shortage in the United Kingdom’s financial services sector, an independent review commissioned by HM Revenue has revealed. The review has issued a warning to industry participants stating that the UK’s financial sector… Read More

January 28, 2020 @ 12:51 pm By Omar Faridi  |  

Takepayments is the now the new company name for Payzone’s card terminal and electronic point of sale (EPOS) business. The firm has relaunched as a new Fintech company this year in order to disrupt the existing card payments industry and perhaps gain from the collective… Read More

January 28, 2020 @ 8:19 am By Samantha Hurst  |  

Gemini Trust Company, a U.S.-based cryptocurrency exchange and custodian, announced on Tuesday it has appointed Blair Halliday as Chief Compliance Officer, as well as UK and European Money Laundering Reporting Officer. According to Gemini, Halliday will oversee the strategic direction of Gemini’s compliance program in the… Read More

January 28, 2020 @ 1:48 am By JD Alois  |  

Rnwl, an Insurtech created by serial entrepreneur Gonçalo de Vasconcelos who founded top UK crowdfunding platform SyndicateRoom, is having a dilemma. Committed to raising capital via the industry where he got his start, de Vasconcelos is it torn between using Seedrs or Crowdcube to raise… Read More

January 27, 2020 @ 8:28 am By Samantha Hurst  |  

Holvi, the BBVA-owned digital banking specialist for self-employed business owners, has officially expanded its services to its third core market, which is the UK. The company’s other core markets are Germany and Finland. Its further operating countries are Ireland, Belgium, France, Italy, and the Netherlands…. Read More

January 27, 2020 @ 7:04 am By Samantha Hurst  |  

UK-based fintech Finastra announced on Monday it has expanded its services by opening a new office in Kfar Saba, just outside Tel Aviv. The company reported that the location will have more than 330 employees and offer more space for the team to grow as the company… Read More

January 27, 2020 @ 5:54 am By Omar Faridi  |  

Australia-based digital banks Xinja, Judo Bank and 86 400 have been attracting millions of dollars worth of savings from the nation’s banking clients after the introduction of their high interest rate accounts. Traditional industry players like ANZ, Westpac, NAB and Commonwealth Bank have reportedly lost… Read More

January 26, 2020 @ 11:08 pm By Samantha Hurst  |  

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, is set to close its equity crowdfunding campaign on Seedrs with nearly £650,000 secured. The campaign, which has attracted more than 500 Seedrs investors, launched last month with a mission to raise £600,000. As… Read More

January 26, 2020 @ 3:29 am By Omar Faridi  |  

The Bank of England (BoE) is reportedly looking for a cloud build partner, which will be a part of its One Bank Service Transformation strategy. The UK’s reserve bank notes that it is planning to work with “an experienced partner to assist in design, construction… Read More

January 25, 2020 @ 12:31 pm By JD Alois  |  

Last week, Crowdfund Insider covered a report on the UK and how European financial services firms were being compelled to open new offices in light of Brexit. While a good amount of digital ink has covered the number of firms shuttering offices or lowering headcount… Read More

January 24, 2020 @ 10:48 pm By Samantha Hurst  |  

Honcho’s latest equity crowdfunding campaign on Crowdcube is now nearing £1 million in funding. The UK-based insurtech launched the initiative last month with a mission to raise a minimum of £700,000. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation. Honcho describes… Read More

January 24, 2020 @ 12:15 pm By Omar Faridi  |  

Barclays Bank has teamed up with Fintech accelerator graduate and Insurtech platform Nimbla, which provides small and medium-sized enterprises (SME) the option to take out insurance against individual invoices, instead of the whole book. By using Nimbla’s platform, clients will be able to insure individual… Read More

January 24, 2020 @ 11:50 am By JD Alois  |  

The Financial Conduct Authority’s Executive Director of Strategy and Competition, Christopher Woolard, has been selected as the Interim Chief Executive of the FCA. HM Treasury announced the appointment today as current FCA Chief Executive Andrew Bailey has been tapped to take over the role of… Read More

January 24, 2020 @ 6:30 am By JD Alois  |  

Crowdcube is the largest investment crowdfunding platform in the UK and the first platform to launch in the robust UK crowdfunding market – a market that in many ways leads the rest of the world. Founded in 2011, Crowdcube has helped to raise growth capital… Read More

January 24, 2020 @ 6:07 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE) will reportedly be running a public/private forum that will go into the relevant technical and public policy issues related to bank adoption of artificial intelligence (AI) and machine learning (ML) technologies and software…. Read More

January 23, 2020 @ 8:02 am By JD Alois  |  

Digital challenger bank Revolut has announced a new savings accounts for users in the UK market. The bank says the savings accounts will be available to Revolut Metal customers and earn a 1.35% interest rate on deposits – one of the higher rates of returns… Read More

January 23, 2020 @ 7:58 am By Samantha Hurst  |  

Australia-based digital brokerage platform Stake announced this week it has officially launched its UK beta operations.  Founded in 2017, Stake claims it democratizes global share markets to bring the “world’s largest and most dynamic” market to the rest of the world. “We believe brokerage is… Read More

January 23, 2020 @ 7:45 am By Samantha Hurst  |  

UK-based online mortgage broker, Trussle, announced on Wednesday it has raised a further £7.5m in funding as it continues its technology expansion. Trussle revealed that the investment includes funding from a new investor, the Dutch-based Rabo Frontier Ventures (RFV), alongside existing investors, Goldman Sachs Merchant Banking… Read More

January 22, 2020 @ 3:32 pm By Samantha Hurst  |  

Demica, a UK-based company that provides working capital solutions to a wide range of major corporations and financial institutions, announced on Wednesday it secured $30 million through its Series C funding round, which was led by Simcah Management LLC. Founded in 1992, Demica revealed it… Read More