Tagged: uk

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

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