Tagged: uk

July 3, 2024 @ 8:56 am By Omar Faridi  |  

Atom bank, which claims to be the UK’s first app-based bank, announced this past week that it has appointed Gareth Jones as its new Chief Risk Officer “subject to regulatory approval. He replaces Chris Sparks, who is retiring after nine years at the bank.” Gareth… Read More

July 2, 2024 @ 10:53 pm By Omar Faridi  |  

According to an update shared by the Bank of England, risks to the UK financial system have remained broadly unchanged since Q1. However, some asset prices have continued to rise, and the risk of a sharp correction persists. The Bank of England pointed out that… Read More

July 2, 2024 @ 8:42 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups has announced the completion of the acquisition of Third Financial, following regulatory approval from the Financial Conduct Authority (FCA) in May this year. Third Financial is an investment platform and front-to-back wealth management software… Read More

July 2, 2024 @ 1:42 pm By JD Alois  |  

Digital lender Assetz Capital has shared information on two transactions. Assetz Capital is an online lender supporting the property development sector. According to the company, one transaction included a £5 million commercial mortgage to refinance an ibis Styles hotel at Waterloo Street in Glasgow, owned… Read More

July 2, 2024 @ 12:45 pm By Omar Faridi  |  

Ahead of Thursday’s general election, UK’s PensionBee shares its recommendations for potential changes to the pension landscape under a new government. Commitment to ‘pot for life’ Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Although not directly mentioned in the Labor or Conservative manifestos,… Read More

July 2, 2024 @ 8:52 am By Omar Faridi  |  

Revolut has released its Annual Report for the year ending 31 December 2023. Nik Storonsky, CEO of Revolut, said: “This year, we took our biggest steps yet on our mission to deliver the best product and the best customer experience at great value to customers,… Read More

July 1, 2024 @ 10:28 am By JD Alois  |  

Fintech has long been a hot sector of online capital formation and Currensea raising money on Seedrs is emblematic of a popular firm able to raise money quickly in a crowdfunded securities offering. According to multiple reports, Currensea has cruised past its £1 million funding… Read More

July 1, 2024 @ 9:12 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading “is consistent with levels seen during Q1 2024, before the sharp rise in May.” The… Read More

June 28, 2024 @ 12:24 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK. The report, part of Klarna’s commitment to “improving greater transparency in the financial industry, reveals millions of UK adults (40 per cent)… Read More

June 28, 2024 @ 8:30 am By Omar Faridi  |  

UK Finance has released the Dedicated Card and Payment Crime Unit (DCPCU) annual report. The unit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police Service together with the Home Office, is described as being “a unique, proactive… Read More

June 28, 2024 @ 8:22 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) announced that it has appointed the members of our advisory committee on secondary markets for the period June 2024 to June 2026. The UK Secondary Markets Advisory Committee supports the FCA’s work “in wholesale secondary markets in equities, fixed… Read More

June 27, 2024 @ 10:52 am By Omar Faridi  |  

Research from Nucleus, one of the UK’s independent, adviser platform groups, has revealed 76% of people are unaware they can pay money into someone else’s pension. Of those who did not know “about the possibility of third-party pension contributions, 55% said they would not consider… Read More

June 27, 2024 @ 8:48 am By Omar Faridi  |  

Research from Experian has revealed British businesses recognize the critical role effective data governance plays in today’s modern economy but cite inherent obstacles in putting these practices into action. The findings reveal that 8 in 10 (83%) British businesses “acknowledge data governance should no longer… Read More

June 26, 2024 @ 11:01 am By Omar Faridi  |  

Strike is introducing buying Bitcoin, global payments, and more to customers in the United Kingdom. Strike is now available in the UK, offering individuals and businesses access to a suite of Bitcoin and Lightning services. Stike noted in a blog post that they’re rolling out… Read More

June 25, 2024 @ 12:04 pm By Omar Faridi  |  

Experian and Virgin Money announced a strategic partnership to enhance Virgin Money’s digital customer experience by leveraging its suite of cloud-based technology. The partnership will see Virgin Money use Experian’s full breadth of services “including credit and lending, fraud prevention, analytics, governance, and compliance as… Read More

June 25, 2024 @ 9:38 am By JD Alois  |  

BitGo and Finery Markets have announced a partnership that will offer an integrated crypto trading market and off-exchange settlement product. BitGo is a digital asset infrastructure provider that offers custody, wallets, staking, trading, and settlement. Founded in 2013, it reports serving over 1,500 institutional clients…. Read More

June 25, 2024 @ 8:31 am By Omar Faridi  |  

Peterborough is ranked the best city to work for a small business in Britain, according to new research compiled by iwoca, one of Europe’s small business lenders. iwoca’s ‘Top 25 Towns & Cities for SME Jobs’ list ranks areas “using ONS data on average wage,… Read More

June 25, 2024 @ 8:23 am By Omar Faridi  |  

Lloyds Banking Group and Visa (NYSE: V) have announced the renewal and expansion of their 40-year partnership in the UK, as Visa becomes Lloyds Banking Group’s leading scheme provider for its Lloyds Bank, Halifax, Bank of Scotland and MBNA brands. Under the partnership, Lloyds Banking… Read More

June 25, 2024 @ 8:21 am By Omar Faridi  |  

Despite mounting concerns from pension savers, shareholders of three of the biggest US tech companies that form a significant portion of the ‘Magnificent Seven’ have dismissed calls to address the risks associated with Artificial Intelligence (AI) developments. This, according to an update from UK’s PensionBee…. Read More

June 25, 2024 @ 8:15 am By Omar Faridi  |  

According to new data released ahead of the upcoming UK general election, more than a third of young adults in the UK believe crypto is an important electoral issue. Research commissioned by Zumo, the B2B digital assets infrastructure, and conducted by Focaldata “reveals 34% of… Read More