Tagged: uk

January 15, 2025 @ 11:32 pm By JD Alois  |  

Juno Technologies says it has raised $1 million to pursue its artificial intelligence service that aims to improve loan processing for small firms. Fuel Ventures led the funding round with contributions from Zinc and other Angel investors. Juno AI is described as a generative AI… Read More

January 15, 2025 @ 11:07 pm By JD Alois  |  

UK inflation (Consumer Prices Index including owner occupiers’ housing costs – CPIH) declined slightly in an unexpected development. Inflation was measured at an annual rate of 2.5% in December, down from November at 2.6%. On a monthly basis, the consumer price index rose by 0.3%… Read More

January 15, 2025 @ 12:23 pm By JD Alois  |  

It’s been a tough few years with challenging inflation, high interest rates, and tepid capital markets. While there are many indications the world has turned the corner, for Fintechs and access to capital, 2024 was a dismal year. Innovate Finance, a UK association that advocates… Read More

January 15, 2025 @ 12:05 pm By Omar Faridi  |  

The North East and London were once again the two “standout performers” in terms of regional business activity growth in December, according to the latest NatWest UK Regional Growth Tracker. Higher business activity was recorded in “three of the 12 nations and regions in December.”… Read More

January 15, 2025 @ 8:07 am By Omar Faridi  |  

The UK’s small and medium-sized businesses are bracing for cost increases this year, according to new research from iwoca – one of Europe’s SME lenders. iwoca’s SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of… Read More

January 14, 2025 @ 8:57 am By JD Alois  |  

The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central bank digital currency. A consultation paper outlined the framework as a precursor to a possible digital currency. The update by the Bank is said… Read More

January 14, 2025 @ 7:55 am By JD Alois  |  

Zodia Custody has announced a partnership with Kiln, a digital asset rewards management platform. Incubated by Standard Chartered, Zodia Custody focuses on institutions. The company is also associated with Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The partnership aims to offer institutional… Read More

January 14, 2025 @ 7:29 am By Omar Faridi  |  

Revolut, the global financial super-app, is making significant strides in its mission to redefine and reimagine modern financial services. With its latest product offering tailored for wealth management and private clients, the Fintech company is positioning itself as a solution for individuals seeking sophisticated financial… Read More

January 12, 2025 @ 9:13 pm By Omar Faridi  |  

dLocal, the payment platform connecting merchants to emerging markets, announced it has been granted the Authorized Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This positions dLocal to offer payment services in the UK, bolstering its commitment to compliance and… Read More

January 11, 2025 @ 6:09 pm By Omar Faridi  |  

nsave, the provider of “compliant” accounts abroad to people from countries with high inflation, announced the launch of an investment product, enabling people at risk of financial exclusion to “protect and grow” their wealth. The company confirmed an $18mn Series A investment led by TQ… Read More

January 10, 2025 @ 4:45 pm By Omar Faridi  |  

Zellis, part of the Zellis Group, announces a definitive agreement to acquire elementsuite, an AI-enabled HR software company. As part of the transaction, elementsuite will be combined with Zellis, the provider of payroll and HR software to the UK and Ireland, “creating an end-to-end AI-powered… Read More

January 10, 2025 @ 10:39 am By JD Alois  |  

We can’t wait to see you at IFGS 2025 on Tuesday, 29th April. IFGS is more than just a conference, it’s a community. We’ve been the UK membership body for FinTech for 10 years and we’ve seen how FinTech has blossomed to become the brightest… Read More

January 9, 2025 @ 9:49 pm By Omar Faridi  |  

TransUnion (NYSE:TRU) has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver personalized credit offers to consumers via comparison sites and other third parties. TransUnion currently owns 30% of the equity of Monevo… Read More

January 9, 2025 @ 8:26 am By Omar Faridi  |  

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

January 8, 2025 @ 7:38 pm By Omar Faridi  |  

Assetz Capital has announced the launch of 9.35%+ development finance rates via a renewed partnership with Brickflow – the digital marketplace for specialist property finance. Brickflow’s interface with advanced search and application capabilities helps brokers quickly and clearly “identify the best funding options for bridging,… Read More

January 8, 2025 @ 3:50 pm By Omar Faridi  |  

As the UK looks ahead to more growth in 2025, the year may potentially bring renewed challenges from a relatively higher pace of inflation, increased trade frictions, and a “heightened state of economic uncertainty.” This, according to an update from KPMG. The ultimate impact will… Read More

January 7, 2025 @ 12:38 pm By JD Alois  |  

UK AIM listings of firms valued at over £1 billion are at a 9-year low, notes Myles Milston, CEO and co-founder of a capital markets technology company, Globacap. According to recent data, just six firms top that amount. In an article in Proactive Investor,  AIM… Read More

January 7, 2025 @ 8:28 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs and structured real estate lender, REL Finance, have completed a £16.6m co-loan to JMK Group, a family-run hospitality business. JMK’s story began when an entrepreneur, John Kajani, made “a decision to move from textiles to the hospitality… Read More

January 6, 2025 @ 8:55 pm By Omar Faridi  |  

Digital assets exchange Coinbase (NASDAQ:COIN) is pleased to release their sixth annual Transparency Report. Their goal with the Transparency Report is to provide customers with data about requests for their information that they “receive from government agencies and law enforcement.” Coinbase also intend to provide… Read More

January 6, 2025 @ 5:09 pm By JD Alois  |  

Finastra has announced that its CEO, Simon Paris, will resign and be replaced by Chris Walters. Paris joined Finastra as president in 2015 and became its chief executive officer in June 2018. Finastra is a global provider of financial services software applications for the full… Read More