Tagged: united kingdom

September 11, 2024 @ 8:49 am By JD Alois  |  

UK economic data delivered an update today that landed with a thud. GDP unexpectedly showed no growth during the month of July with analysts anticipating 0.2% growth. The commentariat chattered that moribund growth will challenge the relatively new Labour government as it struggles to bolster… Read More

September 11, 2024 @ 8:28 am By JD Alois  |  

Banking as a service provider Griffin says it has opened up its platform to UK Fintchs. Griffin is a licensed provider of banking services seeking to enable banks, and now Fintechs to provide digital banking services. Griffin offers services like wealth, lending, insurance, proptech and… Read More

September 11, 2024 @ 8:16 am By Omar Faridi  |  

TrueLayer, an open banking payments network, says it has expanded its partnership with Stripe. TrueLayer now underpins Stripe’s Pay by Bank offering “across its payments products in the UK.” In May, Stripe unveiled Pay by Bank—a new payment method “enabling merchants to accept payments directly… Read More

September 10, 2024 @ 3:45 pm By Omar Faridi  |  

Experian has announced that Oakbrook, a non-bank provider of consumer lending solutions, will now be using Experian Boost data in its decisioning process for personal loan applications. This partnership will increase access to credit “for customers who traditionally may not have been eligible – driving… Read More

September 9, 2024 @ 11:50 pm By Omar Faridi  |  

Rentd is said to be one of the UK’s most innovative full-service lettings platforms. Rentd has acquired 77% (or £349,661) of its £450,001 target via its crowdfunding campaign carried out via Republic Europe. The fundraising effort is closing soon and contributions have been received from… Read More

September 9, 2024 @ 9:56 pm By Omar Faridi  |  

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

September 9, 2024 @ 8:50 am By JD Alois  |  

Darren Westlake, co-founder of one of the largest securities crowdfunding platforms in Europe, Crowdcube, has joined a new startup. According to a report by CityAM, Westlake is shifting gears away from Fintech and into the world of music. Westlake exited Crowdcube in early 2023 after… Read More

September 6, 2024 @ 10:43 am By JD Alois  |  

A report by New Financial indicates that the amount of UK pension funds being allocated to UK equities has declined to 4.4% in comparison to last year, when the number was 6.1% and down by half of assets from 25 years ago. The document describes… Read More

September 5, 2024 @ 11:02 pm By JD Alois  |  

As was reported earlier, the Payment Systems Regulator (PSR) has decided to review the reimbursement cap on App fraud with the intent to set it at £85,00. This has been widely embraced by the payments sector as previously the reimbursement cap was expected to be… Read More

September 5, 2024 @ 8:23 am By Omar Faridi  |  

Funding Circle UK (LSE: FCH) has released their Half Year 2024 results. Funding Circle says that they delivered “a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in their Full Year Results in… Read More

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

September 3, 2024 @ 4:07 pm By Omar Faridi  |  

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

September 3, 2024 @ 10:56 am By Omar Faridi  |  

The latest Lloyds Bank Business Barometer showed that business confidence in the United Kingdom remained at 50% in August. Although there was no increase to the overall UK business confidence figure, the result highlighted the continued positivity amongst businesses, with “confidence still at the highest… Read More

September 2, 2024 @ 5:32 pm By Omar Faridi  |  

Experian has joined the B4NZ ecosystem. This partnership is said to mark a significant step forward in their shared mission “to enhance the flow of high-quality sustainability data within the UK’s financial system.” With over half of U.K. small and medium enterprises (SMEs) agreeing “reducing… Read More

August 30, 2024 @ 8:26 am By Omar Faridi  |  

Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs. With Sharegain, Freetrade was able “to launch its securities lending program with… Read More

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

August 29, 2024 @ 12:02 pm By JD Alois  |  

Fintech Lemon says it will work with WiserFunding to improve its SaaS related lending decisions for SMEs. Lemon recently closed a pre-seed funding round of £500,000 to fuel its growth. The funding was led by SFC Capital, alongside Pitchdrive and SyndicateRoom. Angel investors participating included… Read More

August 28, 2024 @ 10:40 am By Omar Faridi  |  

Dima Kats, Founder & CEO, Clear Junction, recently shared his views and insights with Crowdfund Insider. In April this year it was reported that Fintech funding dipped to a new four-year low, with only $7.3 billion invested in the sector globally during the first three… Read More

August 28, 2024 @ 7:37 am By JD Alois  |  

Is the market softening? LendInvest has reduced mortgage rates again—this time by 15 bps on a two-year fixed-rate product and 10 bps on a five-year loan. LendInvest said they were doing so to ensure they are offering a competitive product. At the same time, the… Read More

August 28, 2024 @ 7:27 am By Omar Faridi  |  

New figures published today from KPMG UK’s mid-year Fraud Barometer show that money laundering has been the most common fraud type by value in the last six months. Nine cases have been heard in UK Crown Courts collectively “worth £128.2 million so far this year.”… Read More