Tagged: uk

May 24, 2024 @ 9:48 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has appointed Kim Gubler as an independent trustee. Kim was a founding director of the Pensions Administration Standards Association (PASA) and has been its Chair since 2019. PASA is an industry… Read More

May 23, 2024 @ 11:12 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features “include business financing through Stripe Capital, lower-cost… Read More

May 23, 2024 @ 10:23 am By JD Alois  |  

Adam Connors, formerly legal counsel at UK based securities crowdfunding platform Crowdcube, has joined the law firm of Clarke Willmott as an associate in the Taunton office. According to a statement by Clarke Willmott, Connors worked for Crowdcube for nine years, advising issuers pursuing 1700+… Read More

May 23, 2024 @ 8:56 am By JD Alois  |  

Paris-based payments Fintech Mangopay has hired Jonathan Greenland as Sales Director, Strategic Accounts UK&I. Greenland previously was an executive at Airwallex. Mangpay says the move is designed to boost its presence in the UK. Prior to Airwallex, Greenland worked at GoCardless, another UK Fintech. In… Read More

May 23, 2024 @ 8:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has fined HSBC £6,280,100 for the poor treatment of its customers. According to the FCA, HSBC failed to properly consider people’s circumstances when they had missed payments. This transgression took place between June 2017 and October 2018. The FCA… Read More

May 23, 2024 @ 8:26 am By Omar Faridi  |  

Fraud remains a major problem as over £1 billion is stolen by criminals in 2023, according to an update from UK Finance. UK Finance recently released its 2024 annual fraud report, “detailing the amount its members reported as stolen through payment fraud and scams in… Read More

May 23, 2024 @ 8:17 am By Omar Faridi  |  

Zopa Bank has reportedly entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and “installation of Octopus solar panels… Read More

May 22, 2024 @ 9:24 am By JD Alois  |  

Today, the UK Payment Systems Regulator (PSR) has decided that cards do not face effective competition. The PSR states that it has “provisionally” determined there is not enough competition in the supply of scheme and processing services to acquirers. Additionally, pricing is complicated, having risen… Read More

May 22, 2024 @ 9:01 am By JD Alois  |  

Experian (LSE:EXP) has made a strategic investment in Reward. According to a release, the investment strengthens the current commercial relationship between the two firms. The terms of the investment were not provided. Experian said that the partnership will focus on leveraging Experian’s data and audience… Read More

May 21, 2024 @ 9:46 am By JD Alois  |  

Fintech SumUp says it has launched direct debits for UK merchants. According to a company statement the service is now available for merchants that have a Business Account with SumUp. The SumIUp Business Account is managed via smartphone and enables merchants to spend, save, and… Read More

May 21, 2024 @ 9:35 am By JD Alois  |  

The British Business Bank has posted new data for the third iteration of its Recovery Loan Scheme, which allows smaller firms to raise up to £2 million. Businesses can use the loans for any purpose, including cashflow management, investment, and growth. The terms of the… Read More

May 21, 2024 @ 8:53 am By Omar Faridi  |  

KPMG has commented on the important step on the road to ISSB adoption in the United Kingdom. KPMG recently shared key insights on the announcement that the UK Government has established the UK Sustainability Disclosure Technical Advisory Committee. Providing their perspective on the announcement that… Read More

May 21, 2024 @ 8:42 am By Omar Faridi  |  

The number of growing UK sectors remained resilient in April, despite cost pressures spreading across the economy, according to the latest Lloyds Bank UK Sector Tracker. In April, eight of the 14 UK sectors monitored “by the Tracker saw output growth – one fewer than… Read More

May 20, 2024 @ 10:53 am By JD Alois  |  

The UK government has announced that the AI Safety Institute will open an office in San Francisco. This is said to be the first overseas office in San Francisco and is described as a “pivotal step” that will help the UK engage with the emerging… Read More

May 19, 2024 @ 9:48 pm By Omar Faridi  |  

Money Carer, a UK-based national social enterprise focused on providing secure money management services for vulnerable people, has partnered with global card manufacturer Tag Systems and biometrics company Fingerprint Cards AB. The companies have created and “launched a biometric-enabled ‘carer card’, addressing barriers that have traditionally… Read More

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Atlantic Money, which claims to be the world’s first money transfer service with a fixed fee and real rates, announced the launch of its web platform. The new robust desktop experience caters “to Atlantic Money’s over 10,000 customers who transfer significantly higher volumes than typical… Read More

May 18, 2024 @ 10:23 am By Omar Faridi  |  

Bank payment company GoCardless has appointed Jolawn Victor as its Chief Growth Officer. Victor is said to have previously “held C-suite and executive roles at PepsiCo, Headspace and most recently, Intuit, where she was Vice President and Country Manager of Intuit UK with ownership of… Read More

May 18, 2024 @ 9:58 am By Omar Faridi  |  

SALT is pleased to announce that it has received regulatory approval from the UK’s Financial Conduct Authority (FCA) in order to offer consumer lending services. This is a key milestone in the company’s journey towards improving boat ownership through its new app. The success they… Read More

May 17, 2024 @ 12:25 pm By JD Alois  |  

WatchHouse, a specialty coffee shop that aims to top entrenched players, has raised over £7.189 million on Crowdcube. This is the second funding round on the crowdfunding platform. WatchHouse previously raised over £2.8 million in 2022; thus, the total in online funding now surpasses £10… Read More

May 17, 2024 @ 10:06 am By JD Alois  |  

io.finnet has launched a new digital asset custody solution catering to institutions. The company says that “”io.vault” has signed up several institutional players including Ibanera and Evo Exchange. io.vault aims to support clients in the OTC sector, DeFi platforms, crypto exchanges, active trading funds, and… Read More