Tagged: uk

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

May 7, 2025 @ 7:52 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has surpassed $1bn of lending in the US since it began lending there in July 2023, marking another major milestone in its US expansion. With a focus on supporting lower mid-market businesses with revenues between $1m and… Read More

May 6, 2025 @ 11:02 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has taken a pivotal step toward shaping the future of cryptocurrency regulation by issuing a discussion paper seeking views on the oversight of specific crypto-assets related activities. This move signals the FCA’s intent to address regulatory gaps, foster innovation,… Read More

May 6, 2025 @ 2:27 pm By JD Alois  |  

The UK is racing to create new rules to regulate the stablecoin sector. Stablecoins are typically tied to another asset, like fiat currency. There have also been algorithmic stablecoins issued, with one failing spectacularly. While stablecoins are frequently affiliated with crypto as stablecoin usage is… Read More

May 6, 2025 @ 2:17 pm By Omar Faridi  |  

In a key move for the UK’s financial ecosystem, Open Banking Limited has announced that 31 organizations, including fintech TrueLayer, have committed to funding the establishment of an operator to advance commercial variable recurring payments (cVRPs). This collaborative effort, encompassing high street banks, challenger banks,… Read More

May 5, 2025 @ 9:25 am By Omar Faridi  |  

The European Union’s framework for systemically important payment systems (PSs) and central securities depositories/securities settlement systems (CSDs/SSSs) has been deemed complete and consistent with the Principles for Financial Market Infrastructures (PFMI), according to a recent report by the Committee on Payments and Market Infrastructures (CPMI)… Read More

May 4, 2025 @ 10:11 pm By Omar Faridi  |  

The financial services landscape in the European Union and the United Kingdom has undergone significant transformation since the UK’s departure from the EU, marking the end of a harmonized regulatory framework that once relied on passporting rights across EU Member States. This divergence, coupled with… Read More

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