Tagged: uk

December 10, 2024 @ 8:13 am By Omar Faridi  |  

GFO-X announces ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as partners ahead of launch in Q1 2025. GFO-X is the UK’s regulated and centrally cleared trading venue dedicated to digital asset derivatives. GFO-X has been working with these partners to deliver the… Read More

December 9, 2024 @ 11:16 am By Omar Faridi  |  

Third Financial, part of the Nucleus group, has launched a mobile app for iOS and Android devices. It will enable access to all the client’s investments in one place, providing real time valuations across the range of investment wrappers, along with  investment analysis and the… Read More

December 9, 2024 @ 9:32 am By JD Alois  |  

The change in the US administration is expected to usher in a new era of digital asset innovation. During the Biden Administration, there was open hostility toward crypto that went beyond the pursuit of fraud and scams. Many firms sought to be regulated but were… Read More

December 9, 2024 @ 8:33 am By Omar Faridi  |  

Brighty, a digital finance platform that enables crypto-card payments in the real world, announces a $10 million round from Futurecraft Ventures. The funds will be used to expand its presence in Europe and the UK. Brighty is a personal finance app that combines traditional digital… Read More

December 9, 2024 @ 5:41 am By Tony Zerucha  |  

The British Business Bank increased its ENABLE Funding commitment to Simply Asset Finance, a UK independent asset finance provider. It allows Simply Asset Finance to provide more than £175 million of finance to smaller businesses across the UK. A portion of the funding has been… Read More

December 8, 2024 @ 11:06 pm By Omar Faridi  |  

Revolut UK is focused on building out its Board with two senior appointments. The update from the digital bank comes as Revolut is working through the mobilization period for its UK Bank. According to the announcement from Revolut, Fiona Fry and Sir Peter Estlin join… Read More

December 7, 2024 @ 12:06 pm By Omar Faridi  |  

PrimaryBid, the capital markets technology platform, has facilitated the placing of over £125 million of new investor capital into UK Treasury Bills since launching its Retail Eligible Debt Capital Market Service earlier in 2024. This marks an evolution in UK investor access to products that… Read More

December 6, 2024 @ 3:26 pm By Omar Faridi  |  

Archax, the UK’s FCA regulated digital securities exchange, broker and custodian, announced a new partnership with XDC Network, an enterprise-grade Layer-1 EVM-compatible blockchain. The firms will combine the power of a regulated digital asset platform with  blockchain solutions to enable FIs to access tokenized real-world… Read More

December 6, 2024 @ 12:08 pm By Omar Faridi  |  

Research from Xero, the small business platform, has found leaders of the UK’s smallest businesses (1-9 employees) and sole traders spend less than half (46%) of the working week on their core jobs. According to the report from Xero, these businesses effectively aren’t starting work… Read More

December 6, 2024 @ 9:02 am By Omar Faridi  |  

UK Finance released its Household Finance Review for Q3 2024, which explores trends in household spending, saving, and borrowing. According to the update from UK Finance, mortgage lending grew for the second successive quarter, rising by “15 per cent year-on-year, despite the continuing affordability challenges… Read More

December 6, 2024 @ 8:59 am By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to enhance the brokerage ecosystem, announced the launch of Clear Street UK, following recent Financial Conduct Authority (FCA) approval. Clear Street UK was reportedly approved as a Category 1, Ring-dealing member by the London Metal… Read More

December 6, 2024 @ 8:51 am By Omar Faridi  |  

Digital bank Zopa reports that it has raised just more than €80 million (GBP £68 million) in an equity funding round that has been led by A.P. Moller Holding, along with participation from existing investors. A.P. Moller Holding is reportedly one of the largest direct… Read More

December 5, 2024 @ 12:19 pm By JD Alois  |  

Payments Fintech Zilch has distributed information on Black Friday shopping activity. Zilch, based in the UK, is “direct-to-consumer, ad-subsidised payments network (ASPN).” Black Friday is one of the largest consumer purchasing dates of the year. Zilch reports that Black Friday saw its sales more than… Read More

December 5, 2024 @ 8:34 am By Omar Faridi  |  

NatWest Group is reportedly set to launch its Fintech Growth Program, an opportunity for fintech startups to use the resources, expertise and networks of a high-street bank to help them scale-up in a sustainable manner. The program reportedly supports NatWest’s goal of leading the future… Read More

December 3, 2024 @ 11:47 pm By Omar Faridi  |  

The Lloyds Business Barometer has recently found that UK business confidence fell in November, with the index reportedly sliding three points to 41%. Above the long-term average of 29%, the notable change followed a period of sustained “positivity” from UK based businesses, as confidence reached… Read More

December 3, 2024 @ 10:51 pm By Omar Faridi  |  

KPMG UK has joined FinTech Scotland, the cluster management organization for fintech in Scotland. The organizations will work together to help foster innovation, accelerate growth and drive tech adoption “within the Scottish financial technology sector.” KPMG UK’s commitment adds expertise to Fintech Scotland’s cluster continuing… Read More

December 3, 2024 @ 9:44 pm By Omar Faridi  |  

Offa, a UK-based Islamic property finance Fintech, has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio in a deal including over 350 home purchase plans. The deal means that the customers transferred over to Offa will reportedly have access to a broader “range of… Read More

December 3, 2024 @ 9:38 pm By Omar Faridi  |  

Economic uncertainty is on the rise for the UK’s small and medium-sized enterprises (SMEs) following the Autumn Budget, according to iwoca’s Q3 2024 SME Expert Index. The iwoca report noted that the percentage of UK based brokers reporting pessimism among their SME clients about the… Read More

December 3, 2024 @ 1:05 pm By Omar Faridi  |  

Nationwide, which claims to be the UK’s largest building society is the first major lender to reportedly use Experian Work Report in order to verify applicants’ income, removing the need for manual income proofs. Mortgage applications are set to become “speedier” after Nationwide joined forces… Read More

December 3, 2024 @ 9:18 am By JD Alois  |  

  Globacap has shared some perspectives on private markets in 2025 and expectations for the upcoming year. Based in the UK, Globacap, a partner of tokenization enabler Tokeny, is on a mission to enable the future of private securities by leveraging Fintech. The company believes the current… Read More