Tagged: united kingdom

January 16, 2026 @ 11:21 am By JD Alois  |  

Monzo, a top digital bank, experienced a several-hour outage this past week. The American Banker reported that users experienced failed payments and challenges in reaching customer support. On the Monzo community board, a representative stated that as soon as platform issues were identified, they activated… Read More

January 15, 2026 @ 10:38 am By JD Alois  |  

Insurtech YuLife has announced a new Chief Executive Officer. Tal Gilbert has stepped in to lead the firm, which provides AI-supported employee benefits. According to a statement distributed by the company, Gilbert will focus on deepening YuLife’s AI capabilities and strengthening its offerings for employers,… Read More

January 14, 2026 @ 7:40 am By Omar Faridi  |  

In a landscape where small businesses form the backbone of the UK economy (and most other global economies of the 21st century), a pervasive lack of financial savvy is emerging as a major barrier to growth and innovation. Recent research highlights how low confidence in… Read More

January 14, 2026 @ 1:10 am By Omar Faridi  |  

The British Business Bank has announced a £34 million investment in WestBridge III, a private equity fund dedicated to fostering growth in underserved areas. This commitment comes as WestBridge III successfully reached its maximum target of £225 million during its final closing, marking a key… Read More

January 13, 2026 @ 10:49 am By Omar Faridi  |  

Lloyds Banking Group has announced a £195 million finance package with Orbit Group, one of the UK’s housing providers. This collaboration aims to upgrade thousands of social homes across the Midlands, East, and South East of England, focusing on energy efficiency and sustainability.  The deal,… Read More

January 13, 2026 @ 10:09 am By Omar Faridi  |  

In yet another move to enhance financial access in 2026 for underserved small businesses in the UK, the British Business Bank has announced Midlands-based ART Business Loans as the fourth accredited delivery partner under its Community ENABLE Funding program. This latest development, revealed recently on… Read More

January 13, 2026 @ 8:04 am By Omar Faridi  |  

In a move set to further bolster growth in the United Kingdom’s financial advisory landscape, digital bank OakNorth has recently extended a £4 million revolving credit facility (RCF) to Verso Wealth Management. This funding aims to fuel Verso’s ambitious strategy of acquiring independent financial adviser… Read More

January 13, 2026 @ 7:58 am By Omar Faridi  |  

As 2025 drew to a close, the UK employment landscape reflected persistent caution among businesses, driven by economic uncertainty and escalating costs. According to the latest KPMG and Recruitment & Employment Confederation (REC) UK Report on Jobs, compiled by S&P Global, permanent staff appointments declined… Read More

January 13, 2026 @ 7:57 am By Omar Faridi  |  

In the ecosystem of commercial finance, recent media headlines have reportedly proclaimed the so-called death of factoring, which is said to be a staple in business funding. However, a blog post from UK Finance now challenges this narrative, arguing that such reports are not only… Read More

January 13, 2026 @ 1:33 am By Omar Faridi  |  

In a significant escalation of the ongoing discourse surrounding digital currencies in British elections, the heads of seven parliamentary committees have formally requested that the UK government impose a complete prohibition on cryptocurrency contributions to political organizations. This appeal, detailed in a letter dispatched on… Read More

January 12, 2026 @ 3:50 pm By JD Alois  |  

Digital asset firm Ripple has been approved in the UK as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA). The firm was approved on January 9, 2026, under RIPPLE MARKETS UK LTD. Via a post on X, Ripple said that it had… Read More

January 12, 2026 @ 10:11 am By JD Alois  |  

The United Kingdom is a leading jurisdiction in the world for private firms and funding.  According to a new report published by Tracxn, the UK is the second most funded ecosystem in the world behind the US, but surpassing India and China. The report states… Read More

January 12, 2026 @ 4:38 am By Omar Faridi  |  

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This development aims to expand the capabilities of Open Banking, potentially fostering innovation and efficiency… Read More

January 12, 2026 @ 2:13 am By Omar Faridi  |  

London-based Zilch has announced its intention to acquire 100% of AB Fjord Bank, a Lithuanian digital challenger bank with approximately $120 million in total assets. This acquisition marks a pivotal step in Zilch’s strategy to expand beyond the UK and establish a strong presence across… Read More

January 11, 2026 @ 11:15 pm By Omar Faridi  |  

Lloyds Banking Group has reportedly completed the UK’s first public blockchain transaction using Tokenized Deposits. Partnering with digital asset exchange Archax and the Canton Network, the bank executed the purchase of a Tokenized Gilt, marking a global first for sterling deposits on a public ledger…. Read More

January 9, 2026 @ 3:40 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has received £265,523.96 in a confiscation order against Andrew Currie, the operator of peer-to-peer lending platform Collateral LTd.  Currie was convicted of fraud in 2023 and sentenced to 2 years and 6 months’ imprisonment for fleecing investors in the… Read More

January 9, 2026 @ 12:20 pm By JD Alois  |  

The world is watching events in Iran as the populace is pushing back against the repressive regime led by the Supreme Leader Ayatollah Khamenei. Recent reports indicate that Khamenei has vowed not to back down as anti-government protesters take to the streets and communications are… Read More

January 9, 2026 @ 10:42 am By JD Alois  |  

Artificial Intelligence (AI) can be lambasted as a destroyer of jobs or lauded as a supporter of productivity. The conventional wisdom tends toward the latter, but some noted prognosticators have predicted the end of work. Regardless, sentiment in the UK seems fairly positive, as the… Read More

January 9, 2026 @ 8:59 am By Omar Faridi  |  

In a bid to enable UK consumers with smarter money management, Starling Bank has revealed a surprisingly simple habit distinguishing the nation’s top savers: checking their bank balance daily. According to recent research, those who monitor their accounts every day save more frequently and maintain… Read More

January 9, 2026 @ 2:03 am By Omar Faridi  |  

The UK financial services industry is preparing for a significant shift in 2026, with leaders anticipating greater investment in national defense amid converging priorities of financial stability and national security. According to KPMG‘s latest UK Financial Services Sentiment survey, nearly two-thirds (65%) of sector leaders… Read More