Tagged: uk

September 8, 2024 @ 4:20 pm By Omar Faridi  |  

Three in five UK consumers reportedly fear falling victim to fraud, as life gets busier in September. This, according to an update from UK Finance. UK Finance notes in a blog post that half of the people say “they feel busier when coming back from… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 6, 2024 @ 8:47 am By Omar Faridi  |  

KPMG has recently commented on the latest Money and Credit data from the Bank of England. Karim Haji, Global and UK Head of Financial Services at KPMG, shared key insights on the newest Money and Credit data from the Bank of England (for the month… Read More

September 5, 2024 @ 11:02 pm By JD Alois  |  

As was reported earlier, the Payment Systems Regulator (PSR) has decided to review the reimbursement cap on App fraud with the intent to set it at £85,00. This has been widely embraced by the payments sector as previously the reimbursement cap was expected to be… Read More

September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

September 3, 2024 @ 4:07 pm By Omar Faridi  |  

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

September 3, 2024 @ 1:55 pm By Omar Faridi  |  

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML). The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will… Read More

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More

September 3, 2024 @ 9:09 am By Omar Faridi  |  

“Ad-subsidised payments network (ASPN)” Zilch says it has generated $130 million or £100 million in revenue as of July while turning the corner on profitability. The company did not provide information as to how profitable it is. The Fintech compares itself to other big name… Read More

September 2, 2024 @ 9:24 pm By Omar Faridi  |  

Despite the promises of Gen AI, business leaders have significant concerns about its implications for business performance, according to new research from KPMG UK. Respondents cited the inaccuracy of results, “including hallucinations1, as the biggest concern when adopting Gen AI (60%).” Boards are also worried… Read More

September 2, 2024 @ 5:32 pm By Omar Faridi  |  

Experian has joined the B4NZ ecosystem. This partnership is said to mark a significant step forward in their shared mission “to enhance the flow of high-quality sustainability data within the UK’s financial system.” With over half of U.K. small and medium enterprises (SMEs) agreeing “reducing… Read More

September 2, 2024 @ 10:55 am By Omar Faridi  |  

A fifth of Brits (20%) over the age of 55 have consistently spent more than they’d expected to during their retirements so far, with an additional 11% expressing that this occurred early on in their retirement, according to new analysis by PensionBee. Daily living expenses… Read More

September 1, 2024 @ 2:57 pm By Omar Faridi  |  

UK-based startups raised $9 billion funding through 704 venture capital (VC) deals announced during January-July 2024, which is a 7.9% year-on-year (YoY) increase in funding value despite a 14.3% decline in deal volume. This reflects an improving appetite for big-ticket investments in promising startups, positioning… Read More

August 30, 2024 @ 8:26 am By Omar Faridi  |  

Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs. With Sharegain, Freetrade was able “to launch its securities lending program with… Read More

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

August 29, 2024 @ 12:02 pm By JD Alois  |  

Fintech Lemon says it will work with WiserFunding to improve its SaaS related lending decisions for SMEs. Lemon recently closed a pre-seed funding round of £500,000 to fuel its growth. The funding was led by SFC Capital, alongside Pitchdrive and SyndicateRoom. Angel investors participating included… Read More

August 28, 2024 @ 10:40 am By Omar Faridi  |  

Dima Kats, Founder & CEO, Clear Junction, recently shared his views and insights with Crowdfund Insider. In April this year it was reported that Fintech funding dipped to a new four-year low, with only $7.3 billion invested in the sector globally during the first three… Read More

August 28, 2024 @ 7:37 am By JD Alois  |  

Is the market softening? LendInvest has reduced mortgage rates again—this time by 15 bps on a two-year fixed-rate product and 10 bps on a five-year loan. LendInvest said they were doing so to ensure they are offering a competitive product. At the same time, the… Read More

August 28, 2024 @ 7:27 am By Omar Faridi  |  

New figures published today from KPMG UK’s mid-year Fraud Barometer show that money laundering has been the most common fraud type by value in the last six months. Nine cases have been heard in UK Crown Courts collectively “worth £128.2 million so far this year.”… Read More