Tagged: united kingdom

February 21, 2023 @ 8:05 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) is seeking views on “what regulatory change might help the UK’s asset management industry innovate, better support the investors it serves and boost competition.” The UK is a leading center for asset management, “with over £11 trillion of assets managed… Read More

February 20, 2023 @ 11:47 pm By Omar Faridi  |  

PensionBee, a online pension provider, has calculated that “moving £1 trillion, the approximate value of UK defined contribution pension funds of around 28 million UK savers that are mostly held in ‘default’ investment plans, to ‘positive impact’ funds, could reduce the carbon footprint of UK… Read More

February 20, 2023 @ 10:25 am By JD Alois  |  

FinTech Alliance has announced a partnership with Seedrs, a leading securities crowdfunding platform. FinTech Alliance is a community backed by the UK government that operates in partnership with the UK Department for International Trade. By working within the UK Fintech ecosystem, the entity aims to… Read More

February 20, 2023 @ 8:41 am By Omar Faridi  |  

Noëmie Rosala Rivera joins Lendable as Associate Director of Investor Relations. Mary Kahng, Head of Investor Relations, said: “We are very excited to have Noëmie join the IR team. Her deep passion for impact, combined with her multifaceted experience in gender smart investing and blended… Read More

February 20, 2023 @ 8:35 am By Omar Faridi  |  

In order to provide the complete set of features that many of their customers know and love, Plutus works with various third parties including a banking partner. Their banking partner “provides and manages your Plutus current account.” Plutus is “moving from one of its current… Read More

February 18, 2023 @ 4:19 pm By JD Alois  |  

Payoneer (NASDAQ: PAYO), a payments Fintech, has been approved to provide services under the UKs Electronic Money License. Payoneer is a  global platform that currently provides services for millions of SMEs, particularly in emerging markets, to pay and get paid, manage their funds, and more…. Read More

February 18, 2023 @ 9:10 am By Omar Faridi  |  

London-based Fintech Sikoia has successfully “raised $6m in seed funding, bringing its total capital raised to over $8.3m, including a pre-seed round from the previous year.” This milestone caps a solid year for Sikoia, which “saw the company grow its international client list, make key… Read More

February 17, 2023 @ 10:46 am By JD Alois  |  

Cushon, a Seedrs portfolio company, was acquired by Natwest Group – announced this past week. NatWest is acquiring an 85% majority shareholding in Cushon with the company’s existing management retaining the remaining 15%. Cushon’s main products are a workplace ISA and a master trust pension…. Read More

February 17, 2023 @ 10:19 am By JD Alois  |  

Last spring, HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) collaborated to create the Joint Regulatory Oversight Committee as part of the UK Government’s commitment to boost open banking. This committee convened the Strategic… Read More

February 17, 2023 @ 8:25 am By Omar Faridi  |  

As online purchases have soared in the last few years, so has the level of online fraud. In 2021, e-commerce fraud in the UK “jumped to GBP 1.3 billion.” As many merchants make the transition to online stores, “ensuring their transactions are protected is crucial.”… Read More

February 16, 2023 @ 9:27 am By Omar Faridi  |  

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are “reducing their lending appetite,” according to iwoca’s latest SME Expert Index. More than eight in ten SME finance brokers (82%) agree “that major… Read More

February 16, 2023 @ 7:58 am By Omar Faridi  |  

NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The new partnership will see NewDay “streamlining its payment process, operations and reporting.” NewDay has “close to five million customers in the UK and processes… Read More

February 16, 2023 @ 7:11 am By JD Alois  |  

Reports continue to filter out regarding the tepid market for private transactions. A recent report indicates that private equity and venture capital investments cratered in the UK by a whopping 61% in 2022. According to S&P Global Markets, aggregate transactions in the UK topped $72… Read More

February 16, 2023 @ 6:52 am By Omar Faridi  |  

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

February 16, 2023 @ 6:47 am By Omar Faridi  |  

The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.” In addition to his role as… Read More

February 15, 2023 @ 11:33 am By Omar Faridi  |  

Wahed has acquired iWill Solicitors, the UK pioneers “in Islamic wills, in a seven-figure transaction.” iWill Solicitors will “become a pillar of Wahed’s financial platform—helping ethical investors to secure the next generation.” Wahed also “acquires True Wills, a pioneering online Islamic will-writing service.” Wahed, a… Read More

February 15, 2023 @ 6:54 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) has used its powers “to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs.” The FCA gathered evidence from several sites “around the city as part of a joint operation with West Yorkshire Police’s Digital… Read More

February 15, 2023 @ 4:20 am By JD Alois  |  

Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 14, 2023 @ 3:13 pm By Omar Faridi  |  

Cushon’s primary products are its workplace ISA and master trust pension – which offers an investment strategy “designed to drive down the financed CO2 emissions of customers’ investments.” It also offers Junior and Lifetime ISAs, as well as “a general investment account.” The intended acquisition… Read More