Tagged: uk

May 2, 2025 @ 5:10 pm By JD Alois  |  

While crypto trading has boomed globally, few jurisdictions have bespoke rules that regulate it like more traditional exchanges. The UK Financial Conduct Authority is now seeking to bring crypto exchanges into a better-structured regulatory remit, and it is seeking feedback from interested parties. Earlier this… Read More

May 2, 2025 @ 1:14 pm By Omar Faridi  |  

UK’s digital bank OakNorth has provided a £25m loan to private equity-backed pension advice provider, My Pension Expert. Since being founded in 2010, the firm is said to have “helped thousands of people approaching retirement age make informed decisions about their retirement and unleash the… Read More

May 2, 2025 @ 8:25 am By JD Alois  |  

Stablecoins are poised to become payments 3.0 as the technology represents an upgrade to the existing global payments rails. In the UK, the government has just released draft legislation which is deemed to be nearly complete, designed to support privately issued digital currency. Today, the… Read More

May 2, 2025 @ 3:48 am By Omar Faridi  |  

The United Kingdom, once a global leader in fintech and cryptocurrency innovation, is at risk of falling behind other major global hubs due to stringent regulations and limited access to funding, according to industry professionals. As other regions like the United States, Singapore, and the… Read More

May 1, 2025 @ 11:02 am By Omar Faridi  |  

Experian announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology company powering insurance solutions. This partnership gives consumers another carrier option “for affordable and personalized car insurance with a streamlined shopping experience.” Consumers who choose Root Insurance will… Read More

May 1, 2025 @ 8:12 am By JD Alois  |  

  In the midst of UK Fintech Week, ClearBank has published a report on the UK Fintech ecosystem, addressing its status in the country and what it needs to move forward and grow. The UK has long been a top global Fintech hub, supported by… Read More

May 1, 2025 @ 7:33 am By Omar Faridi  |  

After a strong first quarter, business confidence fell by 10 points in April to 39%, according to the Lloyds Business Barometer, though it remains higher than “levels seen in first quarter and above the long-term average of 29%.” The decline was driven mainly by “a… Read More

May 1, 2025 @ 7:00 am By Omar Faridi  |  

The United Kingdom is taking decisive steps toward regulating the evolving crypto-asset sector with the release of its draft crypto regime, a move that integrates key activities such as trading, custody, lending, and staking into the Financial Services and Markets Act (FSMA) framework. Laura Talvitie,… Read More

April 30, 2025 @ 9:17 pm By Omar Faridi  |  

In its 2025 Pay by Bank report, TrueLayer, Europe’s open banking payments provider, outlines a transformative vision for ecommerce payments, positioning Pay by Bank as a key innovation in the competitive checkout landscape. Authored by CEO Francesco Simoneschi and VP Jack Wilson, the report details… Read More

April 30, 2025 @ 10:32 am By JD Alois  |  

Chancellor of the Exchequer Rachel Reeves has announced new crypto rules, where crypto exchanges, dealers, and others will be brought into the regulatory perimeter. Clear regulation is vital to allow digital asset technology to develop responsibly. In a public statement, Reeves noted that new rules will… Read More

April 30, 2025 @ 8:18 am By Omar Faridi  |  

The UK’s capital markets, a key part of its financial ecosystem, are undergoing a digital transformation driven by distributed ledger technology (DLT) and securities tokenization. A report by TheCityUK and Hogan Lovells, titled “The Digitalisation of UK Capital Markets: Digitalised Financial Market Infrastructure and Tokenised Bonds,”… Read More

April 29, 2025 @ 9:18 pm By Omar Faridi  |  

The British Business Bank announces the accreditation of Creative Growth Finance as a delivery partner under the Growth Guarantee Scheme. Creative Growth Finance (CGF) is Creative UK’s specialist £35m debt fund, which provides growth capital “to high-potential smaller businesses in the UK’s creative sector.” The… Read More

April 29, 2025 @ 10:56 am By JD Alois  |  

Last week, FCA Chief Data, Information, and Intelligence Officer Jessica Rusu delivered a speech on the regulation of digital assets. Delivered at the CityUK International Conference 2025, Rusu said the regulator is supporting growth via innovation while reducing regulatory burdens. She noted that entrepreneurs are “looking for predictability,… Read More

April 29, 2025 @ 8:41 am By Omar Faridi  |  

LSEG announced it has extended its multi-year collaboration with Amazon Web Services (AWS), naming AWS as the preferred cloud provider for its Markets, Risk Intelligence and FTSE Russell divisions. This agreement reportedly builds on the existing relationship “between the two companies.” By migrating internal systems… Read More

April 29, 2025 @ 8:02 am By Omar Faridi  |  

Coinbase (NASDAQ: COIN), Fabric Ventures, Animoca Brands and Founders Factory have launched a multi-million pound accelerator in the UK, set to transform the UK’s blockchain and AI ecosystem. This initiative reportedly aims to unlock product market fit and growth for the so-called “next generation” of… Read More

April 29, 2025 @ 7:58 am By Omar Faridi  |  

The UK’s SME lending market needs a full reboot, according to new research by the UK fintech Allica Bank. With the UK having the lowest business investment rate in the G7, the report highlights how small businesses invest at only “a third of the level… Read More

April 29, 2025 @ 1:08 am By JD Alois  |  

Peer to Peer lender Folk2Folk has posted a preview of 2024 performance. According to the company, its platform generated record revenue for the full year of 2024, marking its sixth consecutive year of profitability. Folk2Folk said the top-line revenue was £6.6 million for the year,… Read More

April 27, 2025 @ 6:37 pm By Omar Faridi  |  

Spendesk, the spend management and procurement platform for mid-market companies, announces its company-wide adoption of Dust, European specialist in custom AI agents for enterprises. This collaboration enables Spendesk to increase efficiency, eliminate fragmented internal AI tool usage, and “ensure data security and compliance with UK… Read More

April 26, 2025 @ 7:34 pm By Michael Wong  |  

London-based fintech WineFi announced raising £1.5 million (about $2 million) in a Seed funding round led by British fine wine group Coterie Holdings, with participation from SFC Capital, Founders Capital, and a syndicate of angel investors. WineFi, founded by former Fidelity International and J.P. Morgan… Read More

April 26, 2025 @ 1:31 pm By Omar Faridi  |  

UK’s digital bank Zopa has reported solid performance for 2024, doubling its full-year profit before tax to £34.2 million, up from £15.8 million in 2023. This milestone, announced on April 24, 2025, marks the Zopa bank’s second consecutive year of profitability, underscoring its robust growth… Read More