Tagged: uk

November 21, 2024 @ 7:12 am By Omar Faridi  |  

KPMG UK has shared insights following the latest inflation figures. Yael Selfin, Chief Economist at KPMG UK comments on inflation data by noting that headline inflation rises above “target with upward risks to the outlook on the increase” Selfin from KPMG UK added that while the rise… Read More

November 20, 2024 @ 2:08 pm By Omar Faridi  |  

Payhawk, a spend management solution, announced it selected JP Morgan Payments, to improve its payment services for enterprise customers in the UK. Payhawk notes that has worked closely with JP Morgan Payments to enhance its global payment services for enterprise clients. Payhawk expects to enable… Read More

November 20, 2024 @ 8:21 am By JD Alois  |  

The British Business Bank reports that its Growth Guarantee Scheme has now supported more than £250 million of finance to smaller firms. The plan is the successor to the Recovery Loan Scheme. The program provides access to various products like term loans, asset financing, and… Read More

November 19, 2024 @ 8:51 am By Omar Faridi  |  

Wealth intelligence provider, 1fs Wealth, has announced a  partnership with, Apex Group, a financial services company, that will see the group’s clients benefiting from the digital wealth management solutions. Based in London, 1fs Wealth’s AI-powered platform enables wealth owners to consolidate their assets, “control risk,… Read More

November 18, 2024 @ 10:03 pm By Omar Faridi  |  

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

November 18, 2024 @ 11:54 am By JD Alois  |  

Revolut UK CEO has posted that it has been approved for stock trading as the UK Financial Conduct Authority (FCA) has approved a trading license. Francesca Carlesi stated on a blog post: “Today [marks] another important milestone here at Revolut, as our UK trading business… Read More

November 18, 2024 @ 9:21 am By JD Alois  |  

Last week, the UK government shared its National Payments Vision – what policymakers are seeking to do to enable “world leading payments” for the country. The UK is a global Fintech hub and payments are seem as  vital to the growth of the UK economy…. Read More

November 18, 2024 @ 8:52 am By Omar Faridi  |  

Truelayer, which was once a Fintech Unicorn (valued at over $1 billion), has made the decision to cut around a quarter of its workforce. This appears to part of Truelayer’s overall business strategy to substantially lower costs and attempt to move towards profitability in order… Read More

November 17, 2024 @ 6:02 pm By Omar Faridi  |  

The UK Fintech ecosystem has been ranked third in Q3 2024, despite decline in funding, according to an update from Tracxn. Fintech funding in countries across the globe continues to experience shifts in moment due to a wide range of factors including the rise of… Read More

November 16, 2024 @ 4:27 pm By Omar Faridi  |  

Starling Bank is aiming to simplify saving with the launch of Easy Saver, a savings account linked to a Starling personal current account. This account offers “penalty-free, immediate” withdrawals, as well as an interest rate of “4% AER / 3.92% GROSS” variable on balances “up… Read More

November 15, 2024 @ 9:51 am By JD Alois  |  

The UK government has announced that the issuance of Gilts will be tested on distributed ledger technology (DLT) in a forthcoming pilot. If the UK issues government bonds using blockchain technology, this could transform how public authorities issue and manage debt offerings. In a speech… Read More

November 15, 2024 @ 9:14 am By JD Alois  |  

The Unicorn Kingdom Pathfinder Awards (UKPA) winners have been announced. Four tech scale-up companies were recognized yesterday at a ceremony hosted by the Department of Business and Trade (DBT). The winners will also participate in a roundtable at No 10 in the near future. Enabling innovation and investment is… Read More

November 15, 2024 @ 8:51 am By Omar Faridi  |  

Schroders welcomes the Mansion House proposals unveiled by UK Chancellor of the Exchequer Rachel Reeves, designed to drive growth and competitiveness in financial services. As part of the reforms, the Chancellor revealed measures to merge Local Government Pension Scheme assets and consolidate Defined Contribution (DC)… Read More

November 14, 2024 @ 11:10 pm By Omar Faridi  |  

Assetz Capital, a funder in the SME residential development market, recently announced a significant milestone with the launch of its new 9.35% development finance rate, aimed at providing house builders, brokers, and landowners with a financing solution “up to 70% LTGDV UK wide.” Credit decisioning… Read More

November 14, 2024 @ 12:08 pm By JD Alois  |  

Zero commission trading App Investa has doubled its funding goal on Crowdcube. Initially, the funding target was set at £300.000 but as to today according to the offering page, Investa stands at £668,000 or 22% of target. In a release, Investa stated that funding actually… Read More

November 14, 2024 @ 11:18 am By JD Alois  |  

SyndicateRoom, an online investment platform that simplifies the process of investing in promising early-stage private firms, has distributed a report highlighting the performance of its Access EIS fund. EIS or Enterprise Investment Scheme, and the SEIS or Seed Enterprise Investment Scheme exemptions, is a tax… Read More

November 14, 2024 @ 9:11 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided DSW Capital, a mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, with capital to support its acquisition of DR Solicitors, the specialist law firm working with medical professionals (including… Read More

November 12, 2024 @ 10:36 pm By Omar Faridi  |  

KPMG and REC, UK released the latest report on jobs. As noted in the report shared by KPMG, a fall in permanent placements and further slowdown of salary growth in October of 2024. Key findings shared in the research report from KPMG: Steepest decline in… Read More

November 12, 2024 @ 9:44 am By JD Alois  |  

Crypto exchange Bitget has re-entered the UK marketplace. According to a statement distributed by the firm, Bitget is now in compliance with Financial Promotion requirements. Bitget issued the following statement back in May of 2024: “As you may be aware, recent regulatory changes by the… Read More

November 12, 2024 @ 9:24 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has reportedly fined Metro Bank PLC £16,675,200. The FCA noted that between the timeframe of June 2016 and December 2020, Metro Bank had allegedly failed to have the “right systems and controls” in order to adequately monitor over 60m… Read More