Tagged: uk

November 8, 2024 @ 9:31 am By JD Alois  |  

The British Business Bank has appointed Leandros Kalisperas as its first Chief Investment Officer, according to a statement issued by the Bank. Ian Connatty, who has been appointed Managing Partner of BBB Patient Capital Advisory Services, is currently the Deputy Chief Investment Officer of the… Read More

November 8, 2024 @ 8:40 am By Omar Faridi  |  

According to some insiders, U.S. open banking is poised for significant acceleration, but political uncertainty could hamper momentum. The Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act two weeks ago. The rule mandates that banks and other… Read More

November 8, 2024 @ 6:42 am By Omar Faridi  |  

The collaboration combines Shift4‘s acquiring services with ConnexPay‘s all-in-one payments platform to deliver PayIn and PayOut functions to businesses in a wide range of industry segments. Shift4 (NYSE: FOUR), a global enabler of integrated payments and commerce technology, officially entered a partnership with ConnexPay, the… Read More

November 8, 2024 @ 6:37 am By Omar Faridi  |  

additiv, a global firm focused on fintech and digital transformation,  announced the appointment of Pierre Dufauret as the UK Market Head and the opening of a new office in London’s Heron Tower. These moves underscore additiv’s commitment to strengthening its presence in the UK market… Read More

November 7, 2024 @ 6:06 pm By JD Alois  |  

Embedded lending platform Groov has raised £1.5 million in seed funding, according to a note from the firm. The Fintech says the money will drive the next generation of embedded lending, offering more options, better terms, and higher approval rates via a simple API. Fuel… Read More

November 7, 2024 @ 11:30 am By JD Alois  |  

  Former President Donald Trump has delivered a crushing blow to Vice President Kamala Harris and the broader Democrat party. For the moment, there is a lot of introspection and finger-pointing as to how Trump could have won both the Electoral College and the popular… Read More

November 7, 2024 @ 9:20 am By JD Alois  |  

The Bank of England has cut benchmark rates by 0.25 basis points (bps) to 4.75%. The move was largely expected by markets. The Bank shared that its Monetary Policy Committee (MPC) voted 8–1 to reduce the rates, with one member voting to hold the rate… Read More

November 7, 2024 @ 8:52 am By Omar Faridi  |  

UK’s PensionBee has shared insights on whether the result of 2024’s US election will impact users’ pension balance. It was announced that Donald Trump would be returning to the White House for a second term in office. PensionBee noted that the former President won the… Read More

November 6, 2024 @ 1:22 pm By JD Alois  |  

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

November 6, 2024 @ 8:34 am By Omar Faridi  |  

The savings market is reportedly set to benefit as clients weigh impact of higher CGT. Nearly seven in ten (69%) UK IFAs believe most clients will hold investments longer now to defer paying higher CGT, according to the latest Flagstone Base Rate Poll. 17% of… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 4, 2024 @ 4:07 pm By Tony Zerucha  |  

Affirm has launched its pay-over-time options in the United Kingdom. While nearly one-quarter of buy now, pay later users in the UK were charged late fees in 2023, Affirm does not have any late fees or hidden charges. Affirm underwrites every individual transaction before making… Read More

November 4, 2024 @ 9:43 am By JD Alois  |  

Last week, the Labour government outlined its budget for the forthcoming year. The Autumn Budget, delivered by Chancellor of the Exchequer Rachel Reeves, sought to address a “black hole” of insufficient funds to fund the government’s programs. One path to generate more funds was an… Read More

November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

November 1, 2024 @ 4:14 pm By JD Alois  |  

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

November 1, 2024 @ 7:53 am By Omar Faridi  |  

Archax, the UK-based, FCA-regulated exchange, broker and custodian for digital assets, today announced it has agreed to acquire the Spanish broker King & Shaxson Capital Markets, Sociedad de Valores, S.A. (KSCM), to be renamed Archax Markets Europe, S.A. The completion of the strategic acquisition is… Read More

November 1, 2024 @ 7:51 am By Omar Faridi  |  

Remilty have expanded their seafarers product experience to the European Union, United Kingdom, Australia, and Singapore. With this launch, Remitly said that they aim to bring even more seafarers the reliable, “secure,” and accessible money transfer service they deserve Remitly noted in a blog post… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

October 31, 2024 @ 10:32 am By Omar Faridi  |  

Upvest is working with Revolut so that the digital banking platform can expand its wealth and trading product offering by introducing ETFs and fractional European stocks for the first time. In the 6 months since integrating Upvest’s Investment API, Revolut has launched investment products with… Read More