Tagged: uk

October 21, 2024 @ 8:33 am By Omar Faridi  |  

Investa is raising funds via Crowdcube. The firm explains that it has built the UK’s first zero-commission listed options trading app for on-the-go traders. Established by ex-Citi options brokers, and reportedly built by the co-founder of Freetrade, Investa intends to level the playing field by… Read More

October 21, 2024 @ 8:28 am By Omar Faridi  |  

Behavioral biometrics and device intelligence technology enables businesses to analyZe all customer interactions to better identify suspicious behavior. Experian UK&I announces a partnership with lead behavioral biometrics and device intelligence-based fraud prevention. As online attacks and scams become increasingly sophisticated with the use of GenAI… Read More

October 20, 2024 @ 7:45 pm By Omar Faridi  |  

UK-headquartered Fintech Wise (LSE:WISE) has reportedly gained direct access to Japan’s payment clearing network. As first reported by Reuters, Wise is said to have become the first foreign company to receive approval for direct access to Japan’s bank payment clearing network (know as Zengin). Wise has… Read More

October 19, 2024 @ 4:18 pm By Omar Faridi  |  

Activity at small and medium-sized businesses fell “marginally” in September, while new work and employment numbers continued to grow, the NatWest SME Growth Tracker has revealed. The NatWest UK SME Business Activity Index – which aims to effectively measure MoM changes in the output of… Read More

October 18, 2024 @ 9:44 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has recently announced that the Crystal Trust, acquired from Evolve Pensions this past year, has been consolidated into the Smart Pension Master Trust. Evolve Pensions provided workplace pension services via their master trust, the Crystal Trust… Read More

October 18, 2024 @ 7:39 am By Omar Faridi  |  

Almost half (49%) of small businesses in the UK stated that they have not benefited in some way from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s SME lenders. The research study, which comes ahead of the… Read More

October 17, 2024 @ 8:23 am By Omar Faridi  |  

Tide, the UK’s business financial platform, has partnered with Adyen (ADYEN:AMS), the global financial technology platform for businesses, in order to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on… Read More

October 16, 2024 @ 11:07 am By JD Alois  |  

At the end of this month (October 30), the Labour government will reveal its economic plan during the Autumn Budget presented to Parliament. The Chancellor of the Exchequer, Rachel Reeves, who has been in charge since this past July, will share how Labour will address… Read More

October 16, 2024 @ 7:19 am By Omar Faridi  |  

Zopa Bank has reportedly teamed up with John Lewis Money, the financial services arm of John Lewis Partnership, in order to provide personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its personal loan product,… Read More

October 15, 2024 @ 11:34 am By JD Alois  |  

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

October 15, 2024 @ 9:11 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10.9 million over the “treatment” of customers in financial difficulty. The FCA leveled the penalty on the bank for allegedly failing to ensure customers in arrears were “treated fairly.” The FCA further noted that… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

October 14, 2024 @ 8:00 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has reportedly provided a £2.25m loan to a new joint venture between Dukesmead Property Group, Kyte Property and returning customer, Grosvenor Hill. Established back in 2019, and led by a senior Management team, including Rodney Bishop, Dukesmead… Read More

October 14, 2024 @ 7:55 am By Omar Faridi  |  

Innovate Finance, the industry body representing the Fintech community in the UK, and Vested Impact have released The Fintech Impact Report 2024, prepared in collaboration with Accenture, assessing the impact UK FinTech has on the “economy and society.” This latest report measures the Fintech ecosystem’s… Read More

October 13, 2024 @ 10:58 pm By Omar Faridi  |  

The team at Prove has shared key insights on the “Rise of the Trust & Safety Officer” – which now consistently aims to safeguard businesses in the so-called digital age. Prove noted in a blog post that in every sector and across all global regions,… Read More

October 13, 2024 @ 8:57 pm By Omar Faridi  |  

PensionBee, a global enabler of the consumer retirement market, has reportedly achieved its highest-ever environmental, social, and governance (ESG) rating from EthiFinance, scoring 86/100 in their latest assessment report. The EthiFinance ESG Ratings, which aim to effectively evaluate firms on a scale from 0 to… Read More

October 12, 2024 @ 7:59 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), reports “significant growth” across the region as it marks the first year of its expansion into the United Kingdom. Results show Insurtech Cowbell’s continued growth in the region, with figures from between January… Read More

October 11, 2024 @ 12:40 pm By Omar Faridi  |  

The UK Fintech firm Pockit and the pan-European fintech Monese announce that they have agreed terms for Pockit to acquire Monese,a deal that’s currently subject to Change in Control approval by the UK’s Financial Conduct Authority (FCA), creating the fintech for the “financially underserved” and… Read More

October 11, 2024 @ 8:47 am By Omar Faridi  |  

UK’s digital bank Monzo is reportedly expected to reach a substantial £4.5 billion valuation through a potential employee share sale. This is according to a recent report by Sky News. It is worthwhile to note that Monzo, in its early days of existence, raised money… Read More

October 9, 2024 @ 8:50 am By Omar Faridi  |  

Business activity rose in all but one of the UK’s 12 nations and regions last month, following broad-based growth in the month prior, according to the latest NatWest Regional Growth Tracker. As noted in a blog post by NatWest, the Business Activity Index is said… Read More