Tagged: uk

May 16, 2025 @ 11:58 am By Omar Faridi  |  

The Bank of London is reportedly under investigation by the Prudential Regulation Authority (PRA), raising serious concerns about its long-term ability to maintain operations. The probe, disclosed in the bank’s recently filed accounts—submitted months behind schedule—centers on “historical matters” predating a significant ownership change in… Read More

May 16, 2025 @ 7:20 am By Omar Faridi  |  

Following a review of the market, Lloyds Banking Group (LBG) has selected Moneyhub to categorize and enrich all retail and non-retail transactions across LBG’s customer base and brands, “including Lloyds, Halifax, Scottish Widows and Bank of Scotland.” This will support customers to understand what they… Read More

May 16, 2025 @ 7:16 am By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs, has provided a $15.5m loan to Virginia-based real estate investor, Rooney Properties. Established in 2013 and headquartered in Arlington, the firm “has experience underwriting, acquiring, entitling and developing commercial real estate across the Washington DC metro area.” Having… Read More

May 15, 2025 @ 9:56 am By JD Alois  |  

JA Mining says it has launched its cloud mining contracts, targeting investors interested in earning passive income through crypto mining. JA Mining highlights that it is regulated by the Financial Conduct Authority (FCA) adding that it is committed to transparency and compliance. The company also… Read More

May 14, 2025 @ 10:11 pm By Omar Faridi  |  

GFO-X announced the launch of its UK FCA regulated trading venue “for centrally cleared digital asset derivatives.” The venue is designed to meet the institutional demand “for transparent, and compliant digital asset futures and options.” GFO-X brings together market infrastructure, liquidity, and central clearing to… Read More

May 14, 2025 @ 8:28 am By Omar Faridi  |  

Trustly, the global enabler of Pay by Bank, has partnered with Sabre Direct Pay, a division of Sabre Corporation, a travel technology company, to enhance payment solutions for travel agencies across the UK and Europe. Through its Travel Marketplace, Sabre offers travel retailers access to… Read More

May 14, 2025 @ 8:13 am By Omar Faridi  |  

Digital bank Zopa has reportedly raised £80 million in Additional Tier 1 (AT1) capital from existing and new investors ahead of a period of growth. According to the announcement from UK‘s digital bank Zopa It follows a EUR 80 million equity fundraise “executed 6 months… Read More

May 12, 2025 @ 11:06 pm By JD Alois  |  

Zilch, a company that claims to be the fastest-growing Fintech in the UK, says it has topped 5 million users while generating £750 million in savings for consumers. The company points out that it currently serves one in every seven UK working adults, or 15%… Read More

May 12, 2025 @ 12:05 pm By JD Alois  |  

Chetwood Bank, a digital bank challenging established incumbents, says it has now topped £4 billion in savings deposits. Last year, at the end of March, Chetwood reported £2.86 billion in deposits. Chetwood benefits from a current interest rate of 4.52% paid to its “easy access”… Read More

May 12, 2025 @ 8:03 am By Omar Faridi  |  

CUBE, a firm specializing in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), opened its global headquarters located at the iconic City of London building, Tower 42, and confirmed the growth trajectory of the company over the last year – increasing revenue, employees and… Read More

May 11, 2025 @ 11:49 pm By Omar Faridi  |  

Global bank payment company GoCardless has announced a new integration with Giacom’s Cloud Market Tools billing platform. The integration enables Giacom channel partners to manage Direct Debit payments from within their billing system, “helping them simplify collections, improve cash flow, and reduce operational overheads.” This… Read More

May 9, 2025 @ 11:15 am By Omar Faridi  |  

LSEG announced that Post Trade Solutions has completed its GBP/USD multilateral compression run at SwapAgent, the service for the non-cleared derivatives market. Post Trade Solutions brings together Quantile, Acadia and SwapAgent “to minimise risk, reduce cost, and improve capital efficiency.” Initially launched in 2024 with… Read More

May 8, 2025 @ 3:31 pm By JD Alois  |  

Tokenization firm Savea has raised $2.5 million in pre-seed funding, according to the company. The platform aims to tokenize “high-value assets” in a regulated environment. The funding came from angel investors and venture firm EmergentX. Savea says it will utilize blockchain technology to improve liquidity… Read More

May 8, 2025 @ 9:38 am By JD Alois  |  

A recent New Finance report states that the bigger threat is not the US market but private markets in regard to the moribund UK and European public markets The report claims: “Over the past decade, more than 1,000 listed companies in Europe with a combined… Read More

May 8, 2025 @ 9:04 am By JD Alois  |  

Today, the Bank of England cut its Bank Rate by 25 basis points. This is in contrast to the US Federal Reserve’s decision to hold rates steady due to stagflation concerns. The BoE decision was not unanimous with some wanting a more aggressive cut and… Read More

May 8, 2025 @ 8:25 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced a new executive to operate the Payments System Regulator (PSR), an entity that has been consolidated within the FCA. David Geale will become the Executive Director for Payments and Digital Finance Executive Director and the Payment Systems Regulator… Read More

May 8, 2025 @ 7:26 am By JD Alois  |  

The Bank of England has cut benchmark rates by 25 basis points (bps), setting the Bank Rate at 4.25%. This decision arrived the day after the US Federal Reserve held rates steady, primarily due to economic uncertainty. According to the Bank, the decision to cut… Read More

May 8, 2025 @ 7:08 am By Omar Faridi  |  

The Financial Conduct Authority has granted regulatory approval to BBB Investment Services Limited, the British Business Bank’s third-party arm, to provide investment services to clients. This is reportedly an important first regulatory step in the preparation for launch of the British Growth Partnership. Announced at… Read More

May 8, 2025 @ 7:06 am By Omar Faridi  |  

Digital bank Revolut has recently announced key partnerships that underscore its commitment to enhancing user experience, security, and innovation in the financial services sector. By teaming up with Fourthline for identity verification and Lightspark for Bitcoin transactions, Revolut is positioning itself as a Fintech focused… Read More

May 7, 2025 @ 8:52 am By JD Alois  |  

Payments Fintech TrueLayer is reporting that it has surpassed $10 billion in payments in a single month. The company says this places them on a trajectory to transfer over $100 billion in one year. TrueLayer adds that during the first quarter, it added more than… Read More