Tagged: uk

July 26, 2025 @ 1:48 pm By Omar Faridi  |  

Online pension provider PensionBee has recently made key announcements focused on commercial partnerships and its advocacy for pension reform, reinforcing its mission to simplify pensions and promote financial wellness. The company’s latest developments include an extended sponsorship with Brentford Football Club, a call for action… Read More

July 25, 2025 @ 8:46 am By Omar Faridi  |  

The UK economy is witnessing a surge in optimism, particularly among mid-market firms, which are proving to be a powerhouse for growth, according to the latest NatWest UK Business Growth Tracker. Additonally, NatWest Group is expanding its innovative reach through a strategic partnership with Saga… Read More

July 25, 2025 @ 12:11 am By Omar Faridi  |  

Digital bank OakNorth continues to focus on the UK and US markets through strategic financing initiatives. Recently, the digital bank has provided significant funding to two different enterprises: a $14.7 million loan to GoodHomes for a real estate project in Silver Spring, Maryland, and a… Read More

July 24, 2025 @ 10:39 am By Omar Faridi  |  

The United Kingdom reportedly experienced its slowest quarter of venture capital investment in 5 years despite a rise in interest in the artificial intelligence ecosystem, KPMG’s report has unveiled. The KPMG Private Enterprise Venture Pulse report showed levels of investment fell to “£2.6 billion across… Read More

July 23, 2025 @ 8:34 am By Omar Faridi  |  

The first half of 2025 has proven to be a challenging period for the UK economy, marked by a significant decline in deal activity and mounting pressures on public finances, according to recent reports from KPMG. These developments reflect a broader economic environment fraught with… Read More

July 23, 2025 @ 8:29 am By Omar Faridi  |  

The UK financial sector, a key part of the national economy and the largest global net exporter of financial services, is at a pivotal moment. Recent updates and initiatives from UK Finance, an industry body representing 300 firms, outline a progressive agenda to enable economic… Read More

July 22, 2025 @ 9:15 pm By Omar Faridi  |  

Lloyds Banking Group has reinforced its commitment to driving economic growth and supporting diverse customer segments across the UK. Through its latest UK Sector Tracker, a £4 billion lending boost for first-time buyers, and the launch of a new student account, Lloyds is addressing key… Read More

July 22, 2025 @ 9:41 am By JD Alois  |  

Sunsave, a UK-based solar subscription service, says it has raised £113 million to scale its platform. The Series A funding round was led by Norrsken VC and IPGL and included a £100m debt facility from Crédit Agricole CIB to fund customer installations. Other investors include… Read More

July 21, 2025 @ 10:50 am By JD Alois  |  

The UK aims to establish itself as a global cryptocurrency hub. This being said, they will not tolerate bad actors and hooligans. Last week, the Financial Conduct Authority (FCA) announced that it had “seized” seven crypto ATMs, while arresting two individuals on allegations of operating… Read More

July 21, 2025 @ 8:07 am By Omar Faridi  |  

In a significant step toward broadening its footprint in the real estate financing sector, CapitalRise, an online platform for prime property lending and investing, has entered the fully-commercial property space with a £4 million bridging loan. This deal, announced recently, supports the acquisition of a… Read More

July 21, 2025 @ 8:06 am By JD Alois  |  

Buy Now, Pay Later (BNPL) services have emerged as a popular method for consumers to access credit. Typically offered at the point of sale, BNPL providers can offer immediate credit, frequently at a lower interest rate than traditional credit cards. While providing a good service… Read More

July 20, 2025 @ 5:45 pm By Omar Faridi  |  

Visa (NYSE:V) and Mastercard (NYSE: MA) are once again under legal scrutiny, facing a fresh multi-billion-pound class action lawsuit. The case, lodged in the UK’s Competition Appeal Tribunal, accuses the two companies of imposing excessive interchange fees, which are alleged to violate competition laws. This… Read More

July 18, 2025 @ 10:10 am By Tony Zerucha  |  

The FICO European Fraud Map 2024 has revealed a worrying trend of rising card fraud levels and losses across the continent. The data from Euromonitor International on 18 countries shows that card-not-present fraud dominates card fraud losses and has increased across most countries. E-commerce fraud, e-wallet, social… Read More

July 17, 2025 @ 9:50 am By Omar Faridi  |  

The latest NatWest Regional Growth Tracker showed improved performances across most parts of the UK in June, with business activity rising in eight out of the 12 nations and regions monitored. The Tracker – which did a survey of businesses operating in the manufacturing and… Read More

July 17, 2025 @ 8:41 am By Omar Faridi  |  

Funding Circle (LSE: FCH), a UK-based SME finance platform, has received a £200 million forward flow agreement with Deutsche Bank. Deutsche Bank, a funder on the Funding Circle platform for more than 10 years now, is said to strengthen its commitment to enabling UK-based SMEs… Read More

July 17, 2025 @ 1:34 am By Omar Faridi  |  

NiCE (NASDAQ: NICE) says that Aberdeen Group, a UK-based global investment management firm headquartered in Edinburgh, has selected NiCE Actimize’s X-Sight Suspicious Activity Monitoring (SAM) and Watch List Screening solutions as part of its financial crime operations. These are part of NiCE Actimize’s advanced “portfolio of… Read More

July 16, 2025 @ 3:40 pm By Omar Faridi  |  

Digital bank OakNorth has provided $79 million of new funding to New York-based lending platform S3 Capital. Founded in 2013 by Joshua Crane and Robert Schwartz after they recognized a significant “lack of institutional quality, middle market construction lenders in NYC, the firm has since… Read More

July 16, 2025 @ 9:49 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has appointed Raj Mody as a Trustee Director of the Smart Pension Master Trust Board, taking on the role of Chairman from 1 September 2025. Raj brings  a wealth of experience in “the pensions industry, spanning… Read More

July 16, 2025 @ 9:31 am By JD Alois  |  

The UK Office for National Statistics reported today that the Consumer Prices Index (CPI) rose by 3.6% in the 12 months to June 2025, up from 3.4% in the 12 months to May.  Expectations had been for the rate to remain unchanged. Core CPI (CPI… Read More

July 16, 2025 @ 8:59 am By Omar Faridi  |  

OakNorth, a digital bank for entrepreneurs, has provided a $53m loan to DAC Developments and Melrose Ascension Capital. Founded in 2016, DAC Developments is a Chicago-based real estate development company “with a focus on multifamily residential and mixed-use ground up developments.” With 85 projects completed… Read More