Tagged: uk

April 26, 2025 @ 11:02 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies “with up to £1 billion in annual turnover, providing limits of up to £5… Read More

April 26, 2025 @ 7:09 am By Omar Faridi  |  

In 2024, Digital bank Revolut cemented its position as a key player in the global neobanking sector, reporting $1.4 billion in pre-tax profit—a 149% surge year-over-year—and revenues of $4 billion, up 72% from 2023. Revolut’s annual report, released on April 24, 2025, highlights steady growth… Read More

April 26, 2025 @ 3:55 am By Omar Faridi  |  

UK’s PensionBee, a firm focused on the consumer retirement market, has issued a statement following the release of the Department for Work and Pensions’ Small Pots Delivery Group’s report, which lays out a clear framework for “consolidating small pension pots.” Lisa Picardo, Chief Business Officer… Read More

April 26, 2025 @ 3:27 am By Omar Faridi  |  

More than half (53%) of the UK’s financial services executives reportedly believe that “negativity about the health of London as a financial center is being overplayed,” as the majority (62%) plan to “increase investment in their London operations over the next five years,” according to… Read More

April 24, 2025 @ 5:15 am By Omar Faridi  |  

UK leads venture capital investment in Europe in Q1 2025, according to an update from KPMG. The United Kingdom remain number one in Europe for venture capital (VC) investors despite “a fall in both overall investment and number of deals, according to new figures.” The… Read More

April 24, 2025 @ 4:10 am By Omar Faridi  |  

Real-time bank account verification from LSEG Risk Intelligence, a service provider focused on compliance, risk and fraud prevention solutions, is now available directly within Docusign’s eSignature product. The offering, accessible through Docusign’s Third-Party App Marketplace, will provide “benefits to US customers of Docusign and LSEG… Read More

April 24, 2025 @ 4:07 am By Omar Faridi  |  

Macquarie Asset Management, on behalf of Phoenix Group, one of the UK’s long-term savings and retirement business, has provided £235 million of long-term financing to Westminster City Council (WCC) to acquire more than “350 temporary accommodation properties within the borough of Westminster.” Purchased from the… Read More

April 24, 2025 @ 4:06 am By Omar Faridi  |  

Archax, the UK-based digital asset exchange, broker and custodian, announced that it has opened an entity in the Dubai International Finance Centre (DIFC) under an Innovation License there. This builds on its recently announced expansion into both the EU and US regions, with broker acquisitions… Read More

April 24, 2025 @ 4:05 am By Omar Faridi  |  

TwentyFour Asset Management, the London-based specialist fixed income boutique of Vontobel, has expanded its offering with the launch of a new asset-backed finance (ABF) fund. Managed by TwentyFour’s asset-backed securities (ABS) team, the fund has reportedly been launched in response to “growing client demand for… Read More

April 22, 2025 @ 4:41 am By Omar Faridi  |  

Nearly three-quarters (72.5%) of UK businesses have seen an increase in online fraud over the past 12 months, according to a new survey commissioned by Veriff. The global identity verification firm’s UK Fraud Industry Pulse Survey, which polled 200 fraud professionals “across financial services, technology,… Read More

April 19, 2025 @ 10:46 pm By Omar Faridi  |  

M&G announced a partnership with platform technology provider FNZ, paving the way for “greater access” to its flagship £64 billion PruFund range through many of the UK platforms, powered by FNZ. FNZ, the end-to-end wealth management platform, partners with over 650 of the world’s financial… Read More

April 19, 2025 @ 5:11 pm By Omar Faridi  |  

Allica Bank, the UK banking institution built for established SME businesses, recently shared its 2024 Annual Report, revealing a near doubling in profits of £29.9 million in 2024 (FY23 £16.1m). The growth has been attributed primarily to significant investment in its digital infrastructure, leading to… Read More

April 19, 2025 @ 4:58 pm By Omar Faridi  |  

Research from European Fintech iwoca reveals the “overwhelming” majority of UK SMEs are leveraging social media, as “97% say they use platforms to boost their business.” The survey of SME owners, conducted by iwoca – one of Europe’s large SME lenders – “shows Meta channels… Read More

April 18, 2025 @ 8:45 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached a new milestone, surpassing 12 million customers in 2025, just as it marks its 10th year of business operations. This achievement means that one in five UK adults now banks with Monzo, a testament to the fintech’s steady… Read More

April 18, 2025 @ 8:12 am By Omar Faridi  |  

Regulation is a hot topic in the US and UK, with massive changes over recent months, but what effect will this have on consumers. Monica Eaton, Founder and CEO of Chargebacks911, explores Trump’s impact on the regulators and what effect he is having across the… Read More

April 18, 2025 @ 8:09 am By Omar Faridi  |  

Engine by Starling, the Software-as-a-Service (SaaS) business born from UK’s Starling Bank, has established its overseas subsidiary in the United States as a platform from which it will strategiclaly expand operations in the North American market. Engine by Starling Services US LLC, reportedly registered in… Read More

April 17, 2025 @ 11:10 am By Omar Faridi  |  

UK Fintech Wise (LON: WISE), the global technology company building (what it claims to be) the best way to move and manage the world’s money, recently unveiled the launch of ‘Spend with Others’, a feature that has reportedly been designed to simplify shared spending for… Read More

April 16, 2025 @ 9:10 pm By Omar Faridi  |  

New analysis and research from UK’s online pension provider PensionBee highlights an increase in pension contributions in 2024, despite ongoing pressures on household budgets. On average, savers contributed “£285 (19%) more to their pensions in 2024 compared to 2023, taking the average up from £1,192… Read More

April 16, 2025 @ 9:00 pm By Omar Faridi  |  

Bullish, which claims to be one of the “fastest-growing” regulated digital asset exchanges, announced a partnership with Archax, the FCA-regulated digital asset exchange, broker, and custodian. The collaboration aims to enhance liquidity for stablecoins launched by Archax on the Bullish Exchange, by “utilizing Bullish’s proprietary… Read More

April 16, 2025 @ 9:58 am By JD Alois  |  

Artificial intelligence startup Portia AI has raised £4.4 million in funding led by General Catalyst with the participation of First Minute Capital and Stem AI. Portia AI is a provider of AI development tools offering an open-source SDK. The company says users can “build production-grade… Read More