Tagged: uk

July 11, 2024 @ 10:01 am By JD Alois  |  

The new Labour government is expected to “embrace” the UK Fintech industry. The UK has long been a top global financial services sector, and support of Fintech is key to growth and ongoing relevance. According to a report in CityAM, the new Chancellor of the… Read More

July 11, 2024 @ 8:31 am By Omar Faridi  |  

Data generated by Pitchbook and posted by Innovate Finance, a UK-based group that supports the Fintech community, highlights global Fintech funding trends in the first half of 2024. The data includes both equity and debt funding raises. Fintech has been a significant success story “for… Read More

July 10, 2024 @ 2:16 pm By JD Alois  |  

As was reported yesterday, Seedrs has rebranded to Republic Europe. Republic, based in the US, announced the acquisition of the investment crowdfunding platform in 2021.  The re-branding is an obvious transition as Republic aims to create a global brand of online capital formation and ancillary… Read More

July 10, 2024 @ 8:18 am By Omar Faridi  |  

Clients of service providers including Lloyds, Halifax and Bank of Scotland will now be able to share their access and support needs. Experian announces Lloyds Banking Group (LBG) as the newest partner of its Support Hub service. As part of Experian Support Hub, LBG, home… Read More

July 10, 2024 @ 7:04 am By Omar Faridi  |  

Business activity grew in nine UK nations and regions in June, after having risen in all 12 in the previous month, the latest NatWest Regional Growth Tracker showed. The NatWest Regional Growth Tracker Business Activity Index is said to be “the first fact-based indicator of… Read More

July 10, 2024 @ 3:49 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, announces the introduction of dual representation for bridging projects, now available across our entire product range. This innovative feature, powered by LendInvest’s Mortgages Portal, “offers customers greater flexibility and efficiency in managing their bridging deals.” With dual representation,… Read More

July 9, 2024 @ 10:25 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, has lent several hundred million pound to British businesses in the first half of this year, as it continues its track record of supporting the most ambitious and innovative businesses across the UK. OakNorth’s focus has been on “supporting… Read More

July 9, 2024 @ 9:21 pm By Omar Faridi  |  

Ethos, a financial services company dedicated to ethically minded consumers in the UK, has partnered with Thought Machine, the cloud-native banking technology company, to launch a Shariah-compliant digital service. Ethos will deploy Thought Machine’s core banking platform, Vault Core, to offer seamless and real-time Shariah-compliant… Read More

July 9, 2024 @ 9:20 pm By Omar Faridi  |  

NatWest is supporting bank-verified digital identity by integrating OneID in Adobe® Acrobat Sign. NatWest claims that it has “become the first UK bank to use bank-verified digital identity to enable people from different countries to prove their identity in the fastest and easiest way.” The… Read More

July 9, 2024 @ 10:50 am By JD Alois  |  

In her first speech as Chancellor, Rachel Reeves announced a new National Wealth Fund with an objective to invest in “new and growing industries.” The fund is also expected to “catalyse private sector investment.” It has been reported this new fund will be funded with £7.3 billion. At the… Read More

July 9, 2024 @ 9:12 am By JD Alois  |  

Seedrs, based in the UK but operating across the European continent as a securities crowdfunding platform, will rebrand as Republic Europe. Seedrs was founded in 2012 by Jeff Lynn, an American and former corporate attorney at Sullivan and Cromwell, and Carlos Silva as part of a… Read More

July 9, 2024 @ 8:23 am By Omar Faridi  |  

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

July 8, 2024 @ 9:20 am By Omar Faridi  |  

Assetz Capital, a funder in the SME development lending market, announce a significant enhancement to its development lending solutions, “offering stronger initial day one advances to developers on schemes up to 70% LTGDV.” This strategic offer is designed to equip housebuilders “with robust financial support… Read More

July 8, 2024 @ 8:58 am By Omar Faridi  |  

UK’s ThinCats has shared insights following the new Labour government announcement. Managing Director Ravi Anand gives his thoughts on what ThinCats would like “to see from the new government and challenges them to back growth and invest in mid-sized SMEs.” For any incoming Government, there… Read More

July 7, 2024 @ 4:58 pm By Omar Faridi  |  

Nik Storonsky, the CEO of Revolut, has spent the last ten years focused on disrupting the traditional banking / financial services sector with various innovations. The Fintech billionaire and ex- Lehman Brothers trader is now looking to enhance the existing venture capital space. Storonsky has… Read More

July 7, 2024 @ 11:47 am By Omar Faridi  |  

British Business Bank doubles existing ENABLE Guarantee transaction with Oxbury Bank to £200m, including innovative new green finance structure. The original £100m transaction was announced in November 2023 – “supporting more than £140m of lending into the rural economy in less than six months.” The… Read More

July 6, 2024 @ 2:05 pm By Omar Faridi  |  

Iress and Atom bank recently revealed that they have entered a new five-year contract for Iress’s MSO software, to be offered as a cloud-powered managed service. Atom bank has reportedly been an Iress MSO client since 2016. As an original seed client, Atom bank has… Read More

July 6, 2024 @ 1:51 pm By Omar Faridi  |  

UK’s PensionBee, an online pension provider, has officially responded to the 2024 General Election result. Becky O’Connor, Director of Public Affairs at PensionBee, commented: “Today, we welcome a new government, and as they take office, we anticipate significant advancements in several key areas of pension… Read More