Tagged: united kingdom

May 8, 2023 @ 10:56 pm By Omar Faridi  |  

Asda customers can now get £20 added to their Asda Rewards cash pot if they open a new Asda Money Credit Card or Asda Money Select Credit Card account, “provided by digital lender Jaja Finance, on or before 4 July 2023.” Asda Rewards is Asda’s… Read More

May 8, 2023 @ 11:03 am By Omar Faridi  |  

LSEG (London Stock Exchange Group) and Barclay’s have signed a new multi-year strategic partnership. Building on their longstanding relationship, the agreement “includes a wide range of capabilities to support Barclays across the full ecosystem of businesses to enhance delivery for customers and clients and prepare… Read More

May 8, 2023 @ 8:02 am By Omar Faridi  |  

Money is the number one cause of quarrels for three out of 10 couples in the UK, according to a survey by Starling Bank. Couples aged 45-54 reportedly “have the most disagreements (39%), along with parents (37%).” The research, which “questioned 4,000 over 16s in… Read More

May 7, 2023 @ 3:14 pm By Omar Faridi  |  

SCRYPT, the Swiss-licensed crypto trading firm offering digital asset solutions for institutions, announced a strategic partnership with London-based Fiat-as-a-Service platform Fiat Republic in order “to supercharge SCRYPT’s fiat on/off ramp capabilities, as well as improve automation of customer settlements to its institutional trading platform.” This… Read More

May 5, 2023 @ 8:17 am By Omar Faridi  |  

Zodia Custody has announced plans to become a net-zero company by 2050, as a signatory of the taskforce for leading tech companies fighting climate change, Tech Zero. With over 300 tech companies already among the signatories, Zodia Custody is reportedly the first digital asset custodian… Read More

May 4, 2023 @ 8:22 am By Omar Faridi  |  

Allica Bank claims it is one of the “fastest” UK Fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking license – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More

May 3, 2023 @ 8:30 am By Omar Faridi  |  

LHV Bank, a provider of Banking Services and SME Lending solutions, announces it has been authorized “as a credit institution by the Prudential Regulation Authority (PRA), becoming the first institution to receive a banking licence without restrictions in 2023.” This milestone achievement “allows LHV Bank… Read More

May 3, 2023 @ 8:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announces that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition of Numis Corporation Plc. Numis is a UK corporate broking and advisory house “providing strategic advice and capital market connectivity to 166 retained… Read More

May 2, 2023 @ 5:30 pm By JD Alois  |  

While the United States continues to pursue a rule-upon-regulation strategy that undermines public listings, increasing cost and compliance requirements, the UK is looking to improve the number of public firms by simplifying its listing rules. The policy objective has been discussed for years, and today… Read More

May 2, 2023 @ 10:32 am By JD Alois  |  

Banking as a Service Provider Griffin, has appointed Marina Gorey as Chief People Officer. Griffin states that this marks a new phase for the Fintech, which was recently authorized, subject to restrictions, as a UK bank by the Prudential Regulation Authority (PRA). David Jarvis, CEO and… Read More

May 2, 2023 @ 10:15 am By JD Alois  |  

The trading window for securities issued on the Seedrs platform is currently open, with 690 different securities potentially available for trading. The monthly trading opportunity is open for the next six days. While starting slowly, the secondary market has continued to inch higher, providing investors… Read More

May 2, 2023 @ 8:36 am By Omar Faridi  |  

UK businesses received, “on average, £237,402 worth of fines following data breaches or violation of data protection rules in the last 12 months, with half (50%) of respondents listing financial data as the most likely to be compromised.” The findings come from ISMS.online’s latest State… Read More

May 2, 2023 @ 8:33 am By JD Alois  |  

Crowdcube, one of the largest securities crowdfunding platforms in the world, recently decided to take legal action against an issuer that raised growth capital on its platform. In 2022, Student Rents raised over  £466,000 from 179 investors for a 9.39% equity stake in for a… Read More

May 2, 2023 @ 8:13 am By Omar Faridi  |  

Iress recently announced that Reassured, the UK’s “largest” life insurance broker, has selected The Exchange platform in order “to power both its advised and non-advised protection business.” Iress was “chosen after a thorough selection process based on the potential for a long-term partnership and its… Read More

May 1, 2023 @ 9:56 am By JD Alois  |  

Last year, Student Rents listed a securities offering on Crowdcube, raising £466,172.55 from 179 investors. The company was selling equity in the firm at a pre-money valuation of £4.5 million. According to the offering page, Student Rents claimed over 300 paying agents having matched 11,000… Read More

May 1, 2023 @ 8:20 am By Omar Faridi  |  

CryptoUK, which claims to be the “trusted” voice of the UK crypto industry, has published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper. Consultation proposals “included strengthening rules for crypto trading platforms and a robust world-first… Read More

April 30, 2023 @ 10:23 pm By Omar Faridi  |  

LendInvest (AIM: LINV), the UK’s platform for mortgages, announces that Wells Fargo (NYSE: WFC) joins its £200 million financing syndicate with National Australia Bank (NAB) in order “to support the continued growth of its Buy-to-Let proposition.” Wells Fargo reportedly “joins a growing roster of global… Read More

April 30, 2023 @ 5:18 pm By Omar Faridi  |  

Mutual Vision, a community-owned technology provider, announced it will adopt Mambu’s cloud banking engine. Mambu will “underpin Mutual Vision’s services and bring a unique proposition to its expanding customer base of 27 building societies and banks in the UK.” Mutual Vision provides “a digital platform… Read More

April 30, 2023 @ 11:58 am By Omar Faridi  |  

The Nottingham Building Society has announced the appointment of Praven Subbramoney as Chief Lending Officer. Reporting to CEO Sue Hayes, Praven will “lead the development and delivery of The Nottingham’s lending strategy and mortgage proposition driving innovation, transformation and growth as well as focusing on… Read More

April 29, 2023 @ 10:30 am By Omar Faridi  |  

Tide, which claims to be one of the UK’s leading SME-focused business financial platforms, announced the launch of the MSME Exchange Program (MEP) – which is described as “an initiative designed to localize entrepreneurship and foster bonds between small business owners from India and the… Read More