Tagged: uk

May 16, 2024 @ 6:11 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced the appointment of two new Non-Executive Directors (NEDs) to its board. Cathryn Riley, who started on 1 May, will “chair the remuneration committee, and Clare Bousfield will join on 1 July and… Read More

May 16, 2024 @ 8:37 am By Omar Faridi  |  

Smart Pension, the UK’s workplace pension provider, joins an industry consortium to accelerate the development and adoption of trustworthy AI solutions within the financial services sector. The consortium is led by Stratiphy, a London fintech company “making personalized investment solutions scalable, and has been awarded… Read More

May 15, 2024 @ 10:27 am By JD Alois  |  

LendInvest, a Fintech offering financing for property developments, has boosted its BTL (Buy to Let) product and mortgages for homebuyers. According to the company, it has expanded its BTL product range with 80% LTV, and reduced rates by up to 15bps across itsrange, with rates… Read More

May 15, 2024 @ 8:17 am By Omar Faridi  |  

The Open Property Data Association supports the standardization of open property data to streamline the homebuying process for buyers, sellers, estate agents and solicitors with its trust framework – another example of #datasharing that will benefit the UK economy. The Open Property Data Association supports… Read More

May 14, 2024 @ 10:27 pm By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an initial £25m loan to Blue Shield Capital, a property lending firm committed to simplifying bridge lending. Launched in 2020, by co-founders Gil Ulrich and Jonathan Hitter, Blue Shield primarily underwrites senior bridging loans “backed… Read More

May 14, 2024 @ 8:32 am By Omar Faridi  |  

Business activity continued to rise across almost all UK nations and regions during April, latest Regional PMI survey data from NatWest showed. Just half of areas saw an increase in employment, however, with businesses “facing a sharp, wage-led rise in costs.” The PMI Business Activity… Read More

May 14, 2024 @ 8:31 am By Omar Faridi  |  

UK Finance releases its latest mortgage arrears and possessions data for Q1 2024, while highlighting continuing lender support for customers The number of homeowner mortgages in arrears “rose slightly (three per cent) in Q1 2024 compared to the previous quarter,” in line with UK Finance’s… Read More

May 13, 2024 @ 8:36 am By Omar Faridi  |  

Rippling is now available for companies headquartered in the United Kingdom. As the all-in-one workforce platform with built-in payroll, HRIS, benefits and more, Rippling offers access “to over a dozen products that support your UK and global employees.” Today, most businesses in the UK utilize… Read More

May 12, 2024 @ 11:12 pm By Omar Faridi  |  

The growth of Open Banking in the United Kingdom has continued to accelerate. The latest data from Open Banking Limited, the independent entity established by the Competition and Markets Authority (CMA) to oversee its implementation, shows “more than 9 million active users and 14.45m payments… Read More

May 12, 2024 @ 11:04 pm By Omar Faridi  |  

iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to “support the company’s growth in… Read More

May 12, 2024 @ 10:05 pm By Omar Faridi  |  

Novibet has announced that it has selected FullCircl’s identity solutions platform, W2, as its new digital compliance partner. The partnership will help Novibet meet regulatory compliance requirements and ensure its customers interact in “a safe and secure environment.” The solution W2 has designed for Novibet… Read More

May 11, 2024 @ 8:48 am By Omar Faridi  |  

April’s KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signaled a further decline in permanent placements made by UK recruitment consultants. There were reports of a heightened caution “amongst clients, with firms reportedly holding back on recruitment.” However, the overall fall… Read More

May 9, 2024 @ 10:38 am By Omar Faridi  |  

The Payment Systems Regulator (PSR) is proposing to direct banks and other payment firms participating in CHAPS to reimburse their customers who have been victims of authorised push payment (APP) scams. The PSR’s direction will underpin the Bank of England’s new CHAPS reimbursement rules. In… Read More

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

The US, UK, and the Philippines are reportedly leading overall interest in small cap cryptocurrency tokens, according to an extensive update from CoinGecko. According to the research report from CoinGecko, the most degen country in crypto is the US, which “represented 16.8% of global interest… Read More

May 8, 2024 @ 10:24 am By JD Alois  |  

Singapore and the United Kingdom have enhanced their existing relationship in regard to Fintech development and utilization. The UK is the top western Fintech hub and Singapore represents the most robust Fintech center in Asia. The initiative was led by HM Treasury and the Monetary… Read More

May 8, 2024 @ 9:28 am By Omar Faridi  |  

Corlytics, a regulatory intelligence and policy compliance tech provider, has acquired a digital Regtech platform from Deloitte UK. The marriage of the two platforms is described as transformational, “completing the cycle of regulatory assessment and implementation.” The announcement closely “follows Verdane’s majority stake investment last… Read More

May 8, 2024 @ 9:18 am By Omar Faridi  |  

Allica Bank – the digital challenger bank built especially for established SMEs – has announced the launch of a new partnerships team, specifically focused on growing its relationships with accountancy firms across the UK. Allica, the business bank, sees accountants as “a vital connection to… Read More

May 7, 2024 @ 11:23 am By JD Alois  |  

British Business Investments says it has committed to £50 million in a private credit co-investment along with DunPort Capital Management. The funds will help create the co-investment vehicle, Alder Corporate Credit DAC. The funds will be used to support smaller firms in the UK with… Read More

May 7, 2024 @ 8:42 am By Omar Faridi  |  

Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank. As a specialist recruitment business working in the ecommerce and food sectors, Mach Recruitment will use the financing “to support its acquisition ambitions and continued desire to… Read More

May 7, 2024 @ 8:40 am By Omar Faridi  |  

Revolut has launched Revolut X, which is described as a standalone / independent cryptocurrency trading platform that’s offered to the Fintech firm’s UK retail clients. Revolut launched in the United Kingdom, providing fund transfers back in 2015 and started enabling users to purchase, hold and… Read More