Tagged: uk

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

Surecomp announced the acquisition of ELCY Ltd, a UK-based digital trade finance solution provider. This move reinforces Surecomp’s commitment to “driving digital trade finance transformation through innovation and collaboration.” The ELCY multi-bank solution, elcyMBP, will reportedly become “a module on Surecomp’s RIVO platform, creating a… Read More

February 17, 2025 @ 11:05 am By Omar Faridi  |  

R.J. O’Brien & Associates (RJO), the futures brokerage and clearing firm in the United States, and Phlo Systems, a provider of digital solutions for commodity trading, trade finance and international trade compliance, announced that the firms have entered into a tech partnership, which includes an… Read More

February 16, 2025 @ 11:35 pm By Omar Faridi  |  

GoCardless, the bank payment company, announces that it has selected Form3, the cloud-native account-to-account platform, to provide them with Bacs payment connectivity to “support the scale up of UK operations.” Form3’s technology solution provides GoCardless with improved operational and technical resilience to “ensure that service… Read More

February 14, 2025 @ 1:59 pm By JD Alois  |  

The EU-UK Financial Regulatory Forum met this past week in London. The entity aims to pursue regulatory cooperation while preserving financial stability and protecting participants. The event was co-chaired by HM Treasury, and the Director General for Financial Services and the European Commission Director General… Read More

February 14, 2025 @ 11:00 am By JD Alois  |  

SyndicateRoom, an online investment platform that was recently acquired, has distributed an email touting a portfolio company that has experienced an 11X increase in valuation. SyndicateRoom offers access to private firms via a portfolio model. The company tracks the most successful professional investors to help… Read More

February 14, 2025 @ 8:19 am By Omar Faridi  |  

Four of the 12 UK nations and regions recorded business activity growth in January, according to the NatWest Growth Tracker. The NatWest Regional Growth Tracker Business Activity Index is described as the “fact-based indicator of regional economic health, tracking the monthly change in the output… Read More

February 13, 2025 @ 12:31 pm By JD Alois  |  

ClearBank is powering Capital on Tap’s embedded banking solution. Capital on Tap is a cards platform that focuses on SMEs. According to a note from ClearBank, Capital on Tap will now be offering savings accounts and loans from their chosen banks. The new savings accounts… Read More

February 13, 2025 @ 11:38 am By JD Alois  |  

Today, the UK Office for National Statistics reported GDP for Q4 2024 at 0.1%. Although rather tepid, it topped the expectations of no growth or an economic contraction. In Q3 2024, GDP delivered no growth in the UK. The data indicated that the services sector… Read More

February 13, 2025 @ 7:45 am By Omar Faridi  |  

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

February 13, 2025 @ 7:37 am By Omar Faridi  |  

Data shared by Regtech Sumsub shows that three quarters of UK dating app users have come across deepfakes, “19% have personally been deceived by one, and 22% have had someone close to them misled by AI.” Regtech Sumsub pointed out that in the last five… Read More

February 12, 2025 @ 8:33 am By Omar Faridi  |  

Bitpanda has reached another regulatory milestone, securing approval from the UK’s Financial Conduct Authority (FCA) to operate in the United Kingdom. Bitpanda is a top Fintech success story emerging from Austria. Alongside the MiCAR license, this means that Bitpanda will aim to cement its position… Read More

February 11, 2025 @ 9:16 pm By Omar Faridi  |  

finova, a UK-based cloud-based mortgage and savings software provider, has announced the launch of its new mobile-first onboarding app for savers. The app expands finova’s suite of products available for lenders and savings providers. The native app aims to simplify the savings onboarding journey, addressing… Read More

February 11, 2025 @ 12:03 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has launched options trading in the UK. Jordan Sinclair, President of Robinhood UK, said that options trading in the UK has been historically difficult due to high fees and complicated platforms. Their service is said to be both affordable and accessible for their… Read More

February 11, 2025 @ 7:59 am By Omar Faridi  |  

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds’ broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive… Read More

February 11, 2025 @ 6:29 am By JD Alois  |  

British Business Investments will provide £25 Million to Shire Leasing and Shire Securities. The goal is to support smaller firms, specifically in the agriculture, business services, manufacturing, and construction sectors. The British Business Bank stated that it has had a successful operating relationship with Shire… Read More

February 10, 2025 @ 2:17 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it had almost 20,000 financial advertisements pulled or changed during 2023 – almost double the year prior. The FCA specifically mentioned promotions involving crypto, debt, and “claims management company” (CMC). CMCs came from 46 authorized CMC firms, affecting… Read More

February 10, 2025 @ 1:10 pm By Omar Faridi  |  

Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardless’ Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More

February 9, 2025 @ 11:15 pm By Michael Wong  |  

Tuma Ventures Limited, a UK-based payments company regulated by the Financial Conduct Authority (FCA), has received approval from the Bank of Tanzania to operate as a licensed Payment System Provider (PSP). With the PSP licence, Tuma Ventures will offer a range of financial services in… Read More

February 9, 2025 @ 8:58 am By Omar Faridi  |  

CapitalRise has reported a strong financial performance, achieving growth across all aspects of its business, despite challenging market conditions that led the company to prioritize bridging finance in the first half of the year. The prime property finance platform recorded a trading profit of £105,000… Read More

February 8, 2025 @ 8:57 am By Tony Zerucha  |  

Research from Optalysys, a company developing secure computing through the acceleration of Fully Homomorphic Encryption (FHE) technology, has found that growth is being held back at UK financial services firms due to concerns over data security. A survey of more than 250 IT decision-makers working in… Read More