Tagged: uk

April 24, 2018 @ 11:03 am By Erin Hobey  |  

UK alternative finance firm Growth Street has been granted full FCA authorization,  a significant milestone for Growth Street, which had been operating as an Appointed Representative of Resolution Compliance Limited since 2016. “We’re delighted to be fully authorized and regulated by the FCA. It’s a… Read More

April 24, 2018 @ 10:47 am By Samantha Hurst  |  

UK-based fintech Humaniq announced on Tuesday it has implemented additional bioID settings that will act as an extra safeguard be integrated into Humaniq app, which the company reports has already had more than 100,000 downloads in the Google Play store. Humaniq reported: “Humaniq is seizing the opportunity… Read More

April 24, 2018 @ 10:02 am By JD Alois  |  

Crowd for Angels launched an initial coin offering (ICO) pertaining to a “Liquid Crypto Bond” in March. The token offering closed on March 31st with the  Angel cryptocurrency commencing trading on the GetBTC exchange on April 12th. Investors in the Bond apparently received free Angel… Read More

April 24, 2018 @ 9:44 am By Samantha Hurst  |  

UK fintech Finastra announced on Tuesday its blockchain-based solution, Fusion LenderComm, is now commercially available as an app on R3’s Corda platform for financial institutions operating in the syndicated lending market. The launch was announced at the LSTA Operations Conference in New York. Finastra reported that following a pilot,… Read More

April 24, 2018 @ 9:22 am By JD Alois  |  

Dr. Liam Fox, the UK Secretary of State for International Trade, delivered a speech today outlining how the UK government will support the future of financial and professional services. Fox noted that finance is a very important sector of trade as the UK has a… Read More

April 23, 2018 @ 3:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced last week it has joined the panel of mortgage packager specialist Positive Lending. This news comes just days after the online lender reached a record number of loans available to investors using its Manual Lending Account (MLA), with… Read More

April 23, 2018 @ 11:15 am By Samantha Hurst  |  

Meniga, a UK-based digital banking solution, announced on Monday it secured a €3 million investment from Nordic banking group Swedbank. The fintech startup reported that the investment follows a partnership agreement to launch its personalized digital banking solutions across Swedbank’s markets in Sweden and the Baltic countries. Meniga… Read More

April 23, 2018 @ 10:40 am By Samantha Hurst  |  

Western Union announced on Monday that retailer Debenhams will help it expand into the UK by now offering global money transfer to more than 200 countries and territories from 112 stores nationwide with travel money bureaux. According to Western Union, customers will have the choice to… Read More

April 22, 2018 @ 9:03 am By JD Alois  |  

British MP Matt Hancock delivered a speech last week at the Law Society that highlighted the UK’s prominence in Fintech and the massive potential for blockchain technology. Hancock described blockchain as a type of panacea for issues beyond financial services shortcomings; “While Fintech may have… Read More

April 21, 2018 @ 5:26 pm By Samantha Hurst  |  

UK-based insurance company Midrive is set to close its equity crowdfunding campaign on Crowdcube with nearly £2.4 million in funding from more than 760 investors. Founded in 2013, Midrive has more than 300,000 members throughout the UK and reported its instructor network has grown to be one of… Read More

April 20, 2018 @ 9:47 pm By Samantha Hurst  |  

Cranes, a UK-based premium cranberry cider brand, has launched its second equity crowdfunding campaign on Seedrs. The debut of the latest funding round comes less than two years after Cranes raised more than £190,000 in funding through its first Seedrs campaign. The company is now… Read More

April 20, 2018 @ 6:35 pm By JD Alois  |  

The SupraFin, the “first global vetted token platform on blockchain” has lined up several impressive advisors. Keith Teare and Jonathon Read have both signed up to help guide the platform in its mission to bring transparency to the initial coin offering (ICO) industry by creating a global vetted… Read More

April 20, 2018 @ 2:00 pm By Samantha Hurst  |  

Less than four years after securing  £188,120 through its first Crowdcube campaign, online marketplace JewelStreet has returned to the equity crowdfunding platform, seeking £300,000 in additional funding. The company reported that it raised £130,150 from nearly 20 shareholders prior to the launch of its latest… Read More

April 20, 2018 @ 9:13 am By Samantha Hurst  |  

TransUnion (NYSE: TRU) announced on Friday it has agreed to acquire UK-based consumer credit bureau Callcredit. The credit bureau giant reported it acquired Callcredit for the price of £1 billion. While sharing more details about the acquisition, Jim Peck, TransUnion’s President and CEO, stated: “TransUnion and Callcredit have… Read More

April 19, 2018 @ 9:19 am By Samantha Hurst  |  

With its equity crowdfunding campaign on Crowdcube set to close this upcoming weekend, UK-based insurtech Midrive has surpassed £2.1 million thanks to nearly 700 investors. As previously reported, Midrive was founded in 2013 and reported it has over 300,000 throughout the UK and reported its instructor… Read More

April 19, 2018 @ 9:02 am By Samantha Hurst  |  

Temenos (SIX: TEMN), the banking software company, announces that the audience of Innovation Jam London named Callsign the winner of the regional competition. According to Temenos, the fintech startup was one of 10 contestants to showcase their solution to an audience of banking and technology leaders. Founded… Read More

April 19, 2018 @ 8:50 am By Samantha Hurst  |  

Online lending platform LendInvest announced on Thursday it is putting the UK government “on notice” to improve access to finance for property SMEs by forging better partnerships with the alternative finance industry.  LendInvest reported that in a new report entitled Putting Finance First: the alternative route to… Read More

April 19, 2018 @ 7:51 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released Q1 data for its member platforms. According to the industry association, P2P lending is nearing £9 billion in loan originations having provided finance for approximately 50,000 business and 221,000 individuals. Total investors stand at around… Read More

April 18, 2018 @ 11:08 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has fired off another enforcement action against a questionable cryptocurrency operation. The CFTC has charged multiple individuals, and several companies, with fraud involving ATM Coin (asset trading market coin) and binary options. The CFTC filed the Complaint in the… Read More

April 18, 2018 @ 10:38 am By JD Alois  |  

The Bank of England has approved the first non-bank payment service provider to join the UK payment system settling in central bank money. Described as a milestone event for the BoE in accommodating innovation, this is the first Fintech to gain direct accesss. Transferwise is… Read More