Tagged: uk

February 14, 2024 @ 3:30 am By Omar Faridi  |  

High street banking institution Virgin Money UK PLC has reportedly made an agreement to acquire abrdn PLC’s stake in its investment platform for GBP20 million. This update has been announced less than a year after it was introduced to clients. The Newcastle-headquartered lender teamed up… Read More

February 13, 2024 @ 4:09 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF)  has revealed the Cambridge Digital Money Dashboard (CDMD). The Centre is part of the Cambridge Judge Business School, University of Cambridge. CCAF is the leading independent research group covering the world of Fintech, including digital assets. The… Read More

February 13, 2024 @ 9:28 am By JD Alois  |  

Seedrs, a securities crowdfunding platform operating in the UK and continental Europe, has shared some numbers for platform performance during the month of January. Seedrs reports that it listed 13 primary securities offerings during the month. When you combine private deal room activity and secondary… Read More

February 13, 2024 @ 8:45 am By Omar Faridi  |  

LendInvest Mortgages, which claims to be the UK’s leading platform for mortgages, has launched a redesigned and updated Mortgages Portal now including LendInvest’s Buy-to-Let mortgages, providing brokers with a one-stop-shop for all LendInvest Mortgages products. Brokers can now access all Residential, Buy-to-Let, and Bridging products… Read More

February 12, 2024 @ 11:47 am By Omar Faridi  |  

The UK government will invest £100 million in AI research and training regulators on the technology. A good portion of the cash infusion will be spent on new research hubs across the UK. Bridgewise, an AI financial intelligence platform, has shared insights following this announcement…. Read More

February 12, 2024 @ 9:58 am By Omar Faridi  |  

UK Finance has announced the appointment of Thierry d’Argent, CEO of Societe Generale UK; Saif Malik, CEO, UK, Standard Chartered; and Mickey Schiller, CEO of Leumi UK, to its Board, effective 8 February 2024. TS Anil, CEO, Monzo; and Kelly Devine, Divisional President UK &… Read More

February 12, 2024 @ 9:32 am By Omar Faridi  |  

SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed “report their SME clients having any recession fears––a significant drop… Read More

February 12, 2024 @ 8:26 am By Omar Faridi  |  

Revolut, a digital bank/neobank with over 35 million customers worldwide and 8+ million in the United Kingdom, is offering eSIMs and global mobile data plans to its UK clients. Revolut eSIM enables clients to roam like a local user and stay connected without having to… Read More

February 12, 2024 @ 8:17 am By Omar Faridi  |  

Zopa bank has launched its first Cash ISA account in order to help savers level-up their 2024 finances. Zopa bank says its aim is to “help millions of Brits with an ISA account better save by making the £333 billion sitting in Cash ISAs work… Read More

February 9, 2024 @ 11:20 am By JD Alois  |  

NatWest says it is the first UK bank to join the UK Open Banking DPS or Dynamic Purchasing System. As explained by the UK government: “… frameworks – otherwise known as agreements – help public and third sector buyers to procure goods and services from… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

February 8, 2024 @ 8:01 am By Omar Faridi  |  

Blend Network, the specialist development finance lender, has reportedly acquired a new £50 million+ institutional funding line in order to provide bridging to property developers in the United Kingdom. This latest form of support via newly committed capital to be deployed by the Blend Network… Read More

February 8, 2024 @ 7:22 am By Omar Faridi  |  

Napier, the London-based global financial crime compliance Regtech, is pleased to announce that its Anti Money Laundering (AML) platform, Napier Continuum is now available through two new service offerings: Napier Continuum Live and Napier Continuum Flow. These new solutions deliver Napier’s experience in “helping financial… Read More

February 7, 2024 @ 7:57 am By Omar Faridi  |  

UK fintech Atlantic Money is set to offer its fixed-fee money transfers across additional major markets. Within 1.5 years of launching in the UK, Atlantic Money has “met relevant requirements to offer its services in the United States, Canada and Australia.” Users will be able… Read More

February 7, 2024 @ 7:53 am By Omar Faridi  |  

Obligate has formed a strategic partnership with Archax, a digital asset services provider based in London. Through this partnership, Obligate provides its platform “for on-chain capital markets, while Archax contributes its extensive service offering in digital asset management.” As a first service, Obligate clients will… Read More

February 6, 2024 @ 10:27 pm By Omar Faridi  |  

Ironically, according to Dima Kats, CEO of Clear Junction, banks and financial institutions are probably some of the most unbanked segments in the world. From high fees to long settlement times, regulatory pressures to difficulty in accessing multi-country payment options, the issues and barriers facing… Read More

February 6, 2024 @ 8:44 am By Omar Faridi  |  

Phasecraft – the startup led by top academics developing world-leading quantum algorithms – has won a £1.2 million UK Government contract as part of the UK’s Quantum Catalyst Fund. Phase One of the Fund saw Phasecraft awarded “a contract for a feasibility study to explore… Read More

February 5, 2024 @ 11:30 am By JD Alois  |  

Seedrs, a top UK – EU investment crowdfunding platform owned by Republic, has distributed the “Seedrs Sector Report 2024.” In the report,  Seedrs highlights platform activity. Newly appointed Managing Director John Lake opens the report stating: “… 2023 also saw us launch our long-awaited European… Read More

February 5, 2024 @ 8:10 am By Omar Faridi  |  

Vault Hill, which is described as an AI-powered metaverse designed to enrich engagement & create new revenue channels, has acquired over £215,000 from 45 investors (at the time of writing) through its crowdfunding campaign, carried out via Seedrs. There are currently two days left in… Read More

February 5, 2024 @ 8:00 am By Omar Faridi  |  

FalconX, which claims to be one of the largest institutional digital asset prime broker and the CFTC registered swap dealer, announces a strategic partnership with Fusion Digital Assets, TP ICAP’s FCA registered UK-based wholesale spot cryptoasset exchange. The integration with Fusion Digital Assets provides FalconX… Read More