Tagged: uk

Zumo CEO Says Blockchain Tech May Streamline Banking, Lending, Enhance KYC, AML

Nick Jones, Founder and CEO, Zumo, has shared three trends that he thins will shape the digital assets sector in 2025. According to Nick Jones from Zumo, the regulatory gaze will intensify. He noted that it is fair to say that regulation usually “lags behind… Read More

UK’s Allica Bank Tops £3B in Lending, £4B in Deposits, Will Continue to Serve Established SMEs

Allica Bank has reportedly surpassed £3 billion in lending and £4 billion in deposits as the UK’s established SMEs flock to the challenger that promises to deliver ‘business banking how it used to be, just better’. Allica, which is the UK’s full-service bank focused on… Read More

Wise Platform Expanded Global Payments Network in 2024, Providing Improved Cross-Border Payment Solutions

Wise Platform noted that during the past year, they’ve expanded their global payments network and made some upgrades to their products, giving clients more ways to deliver better cross-border payment experiences. Wise Platform, a part of UK-headquartered Fintech Wise (LSE:WISE), expanded their direct connections to… Read More

UK Property Market Beat Expectations in 2024 with Recovery Supported By Lower Mortgage Rates – Report

Lloyds Banking Group has shared the Halifax UK housing / property market review and outlook for real estate in 2025. Here are the key takeaways from the extensive research report on the United Kingdom‘s property market: UK housing market beat expectations in 2024, with recovery… Read More

UK’s Digital Bank Monzo Is Taking its Mission into Europe in 2025, Seeking Qualified Professionals for EU Hub

UK’s digital bank Monzo appears to be nearing its EU launch, as the Fintech looks to roll out its services beyond the United Kingdom and US markets. Monzo said that it is taking its “mission into Europe in 2025″, as it seeks qualified applicants for… Read More

UK’s Digital Bank OakNorth Participates in Club Loan to STAR Capital to Support Buy-Out of Subsea Technology & Rentals

OakNorth, the digital bank for entrepreneurs, has partnered with HSBC and Santander on a club lending facility to Star Capital to support its buy-out of Subsea Technology & Rentals (STR). The capital will reportedly enable STR to evolve its equipment and service offering via “organic… Read More

UK’s Lending Standards Board Releases Review of Registered Firms’ Application of Standards of Lending Practice

A review by the LSB (Lending Standards Board) of its registered firms’ application of the Standards of Lending Practice for business customers has identified 102 areas where action has been needed to “bring firms into compliance with the Standards’ requirements.” The LSB’s FCA-recognized Standards of… Read More

Google to Enforce Stricter Rules for Crypto Ads in the UK Starting January 2025

Google has announced new advertising policies for cryptocurrency-related products in the United Kingdom, requiring advertisers to register with the country’s Financial Conduct Authority (FCA) starting January 15, 2025. The update aims to ensure compliance with local regulations amid increased scrutiny of crypto promotions globally. The… Read More

SyndicateRoom Acquired by Smith Brothers Group

  SyndicateRoom, a former securities crowdfunding platform and current online investment platform that takes a portfolio approach, has been acquired by Smith Brothers Group. The terms of the deal were not disclosed. In an email from SyndicateRoom CEO Graham Schwikkard, he said the company was… Read More

UK Finance Report: High Street Bank Lending to SMEs Remains Stable in Q2 2024

High street bank lending to SMEs remains stable in Q2 2024, according to an update from UK Finance. UK Finance recently released its latest Business Finance Review which “reports on the finance needs of small and medium-sized enterprises (SMEs) in the second quarter of 2024.”… Read More

UK’s Online Pension Provider PensionBee Marks 10th Year of Operations

PensionBee, a firm focused on the consumer retirement market, is marking its 10th year of operations, which includes a decade of innovation, growth and impact in the pensions industry. Established back in December of 2014 to help tackle “outdated” pension systems – and with an… Read More

London Stock Exchange Group (LSEG) Announces Launch of Historical Analytics via Snowflake

London Stock Exchange Group (LSEG) has announced the launch of Historical Analytics available through Snowflake. The Historical Analytics offering combines LSEG’s Pricing Services with Yield Book Analytics to provide pricing information for more than 2.9 million bonds with more than 20 years lookback. LSEG customers… Read More

Push Payment Scams: Payment System Regulator Publishes Report as To How Fraudsters Operate

The UK Payment Systems Regulator (PSR) has published a report on Authorized Push Payment (APP) scams and how to avoid them. In brief, a fraudster pilfers money illicitly when it tricks targets into sending money to its account. The trick is presenting what looks like… Read More

UK Industry Professional Shares Insights on Disappointing GDP Growth, Slow Economic Activity

KPMG UK has commented on the recently released UK GDP data. Yael Selfin, Chief Economist at KPMG UK, noted: “GDP growth stalls amid growing uncertainty. GDP growth remained disappointing, showing no progress for five consecutive months, due to weaker activity across a broad swathe of the… Read More

Raisin UK and Salt Edge to Enhance Open Banking Compliance and CX

Raisin, a platform for savings and investments, has partnered with open banking Fintech Salt Edge to strengthen its compliance with UK regulations, ensuring secure financial solutions for clients. Raisin operates across the European Union, UK, and US, offering customers access to “competitive” interest rates and… Read More

Morgan Stanley Partners with Wise on Payments

Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and transfers and now offers additional banking features. Morgan Stanley is a prominent investment bank and… Read More

UK Fintech Modulr Secures Contract with HMRC for Confirmation of Payee Services

UK-headquartered virtual payments services provider Modulr has reportedly entered a contract with HMRC for the provision of Confirmation of Payee (CoP) services, which has been secured under the latest Open Banking Dynamic Purchasing System (DPS). As per the latest agreement, Modulr will aim to offer… Read More

UK’s Salad Money Awarded AISP Status by Financial Conduct Authority

Salad Money says that its Salad Technologies, part of the Salad group, has been approved by the UK’s FCA as an official Account Information Services Provider (AISP). The accreditation means Salad can access applicants’ Open Banking data directly rather then through a licensed third party…. Read More

London Stock Exchange Group (LSEG) Divests Stake in Euroclear

London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a “total consideration of €455 million.” TCorp is the financial services partner of the New South Wales government. J.P. Morgan and… Read More

Cambridge Centre for Alternative Finance Publishes Report on Wholesale Central Bank Digital Currencies (CBDCs)

The Cambridge Centre for Alternative Finance (CCAF) has published a report on central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

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