Tagged: uk

July 14, 2025 @ 10:28 pm By Omar Faridi  |  

The Bank of England has announced a comprehensive review to ensure continued access to physical currency, particularly for the most vulnerable members of society. This decision comes amid reports that some Britons, especially those reliant on cash for daily transactions, are increasingly facing challenges as… Read More

July 14, 2025 @ 6:13 pm By Omar Faridi  |  

Lloyds Bank is reportedly engaged in advanced discussions to acquire Curve, a UK-based Fintech company, for approximately £120 million. Curve is also a company that pursued securities crowdfunding, raising money online during its earlier days. According to sources cited by Sky News, the deal could… Read More

July 14, 2025 @ 9:52 am By JD Alois  |  

Checkout.com, a UK-based Fintech, is expanding its footprint with an expansion into Canada. The company is already operating in the US. The company added that it has also had a leadership “refresh.” Zack Levine has been appointed as Head of Revenue for North America (NORAM)…. Read More

July 14, 2025 @ 8:55 am By Omar Faridi  |  

The Bank of England (BoE) has been active in July 2025, releasing critical updates on financial stability, regulatory adjustments, and public engagement efforts. These initiatives reflect the BoE’s commitment to maintaining a resilient financial system while addressing economic challenges and fostering innovation. Below, we touch… Read More

July 14, 2025 @ 8:42 am By Omar Faridi  |  

ComplyControl, a provider of AI-driven solutions for banks and financial institutions, is pleased to announce that it has officially become an Associate Member of UK Finance, the trade association for the UK financial services sector. ComplyControl made its entry into the UK market in 2024,… Read More

July 14, 2025 @ 8:35 am By Omar Faridi  |  

The Bank of Ireland released significant updates that underscore its role in supporting Ireland’s economic resilience and educational advancement. The first report highlights the strength of consumer spending in Ireland during June, driven by favorable economic conditions and evolving consumer behavior. The second announcement details… Read More

July 14, 2025 @ 12:12 am By Omar Faridi  |  

The Financial Conduct Authority (FCA)’s annual report sets out how it has used data and technology to crack down on harm in financial services. As part of the report, the FCA shares that over 1,600 websites suspected of promoting financial services without permission were suspended, removed,… Read More

July 13, 2025 @ 5:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has released its Consultation Paper and Policy Statement (CP25/18) addressing non-financial misconduct (NFM) within the financial services sector. Effective from September 1, 2026, these new rules extend the FCA’s Code of Conduct (COCON) to non-banking firms, aligning their regulatory… Read More

July 13, 2025 @ 4:00 pm By Omar Faridi  |  

In a significant policy reversal, UK Chancellor Rachel Reeves has paused plans to reduce the tax-free allowance for cash Individual Savings Accounts (ISAs), following fierce opposition from building societies, banks, and consumer advocates. The decision, reported by multiple sources including the BBC and Financial Times,… Read More

July 12, 2025 @ 10:16 am By Omar Faridi  |  

A recent survey conducted by Coinbase (NASDAQ:COIN) and EY-Parthenon reveals a significant shift in the investment strategies of institutional investors in the European Union (EU) and the United Kingdom (UK), with a strong inclination toward increasing allocations to digital assets in 2025. The study, conducted… Read More

July 12, 2025 @ 8:23 am By Omar Faridi  |  

Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its intended acquisition of WealthKernel, a wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, “supporting their global expansion to achieve… Read More

July 11, 2025 @ 7:51 am By Omar Faridi  |  

Data and technology company Experian and household decision platform RVU announce a new agreement that will help even more consumers access the right financial products for their circumstances. RVU, home to brands including Confused.com, Uswitch, and money.co.uk, will utilise Experian’s Eligibility Solution to “further enhance their customers’ ability to… Read More

July 11, 2025 @ 3:23 am By JD Alois  |  

UK GDP has dropped once again, defying expectations of a slight increase in the month of May. ONS reports that the monthly real gross domestic product (GDP) fell by 0.1% in May. This follows a decline in April of 0.3%. While monthly services output grew… Read More

July 10, 2025 @ 2:11 pm By JD Alois  |  

Gradient Labs has raised $13 million in Series A funding in a round led by Redpoint Ventures, with participation from Localglobe, Puzzle Ventures, Liquid 2 Ventures, and Exceptional Capital. Gradient Labs was founded by Gradient Labs was co-founded by Dimitri Masin, Neal Lathia, and Danai… Read More

July 9, 2025 @ 9:57 pm By Omar Faridi  |  

Ziglu, a digital banking and crypto platform founded by former Starling Bank co-founder Mark Hipperson, has entered special administration, signaling severe financial distress. Ziglu was a high-profile Fintech startup that raised growth capital in several investment crowdfunding rounds. At one point, US based Robinhood was… Read More

July 9, 2025 @ 6:54 pm By Omar Faridi  |  

The UK economy is at a pivotal moment, with recent reports from KPMG highlighting key developments in banking regulation, consumer sentiment, and credit conditions. Collectively, these updates reflect cautious optimism amid ongoing economic challenges, with implications for policymakers, businesses, and households. The United Kingdom’s ring-fencing… Read More

July 9, 2025 @ 6:09 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on Open Banking in APAC countries. The research covers 16 different jurisdictions and the status of Open Banking development across the region. Open Banking, also known as Open Finance, refers to the ability to share data… Read More

July 8, 2025 @ 6:23 am By JD Alois  |  

Monzo, a top UK-based digital bank, has been hit with a penalty of £21,091,300 for “inadequate anti-financial crime systems and controls.” In a public statement the UK Financial Conduct Authority said the infratctions took place between October 2018 and August 2020. The FCA stated that… Read More

July 8, 2025 @ 5:43 am By Omar Faridi  |  

The UK’s pension system is still failing to serve swathes of the workforce – and urgent action is needed to ensure that people are saving adequately for retirement. That’s the message from PensionBee, a firm focused on the consumer retirement market, as the Pension Schemes… Read More

July 8, 2025 @ 5:10 am By Omar Faridi  |  

The Bank of England has recently published a series of working papers and a notable speech by Professor Alan Taylor, shedding light on critical economic issues ranging from historical inflation to modern monetary policy tools. These publications offer insights into the UK’s economic history, the… Read More