Tagged: united kingdom

December 8, 2022 @ 10:50 pm By Omar Faridi  |  

Zodia Custody, a crypto-asset service provider backed by Standard Chartered and Northern Trust, has “developed and launched a new service: Interchange.” The service “offers an alternative to the pre-funding and margin models on exchanges. Using Interchange, clients can keep their assets with Zodia Custody, while… Read More

December 8, 2022 @ 10:08 am By JD Alois  |  

More UK investors are planning to invest in venture capital offerings in 2023, according to research by Digital Horizon. It is important to note the survey polled LP types last month – iE home offices, asset managers, and other institutional money. Digital Horizon states that… Read More

December 8, 2022 @ 4:00 am By JD Alois  |  

C6 Bank in Brazil has selected UK-based Thought Machine to power its core banking tech stack. C6 Bank is a full-stack bank for both businesses and individuals, serving more than 20 million customers. C6 Bank will leverage Thought Machine’s “Vault Core” to create and launch… Read More

December 7, 2022 @ 11:34 am By JD Alois  |  

Digital bank Zopa has distributed a note that they are “bucking the trend” and raising entry-level pay by around 20% as other firms are letting people go. Starting pay for entry-level positions now commences at £27,000 – an amount that Zopa states is 25% a… Read More

December 7, 2022 @ 10:43 am By JD Alois  |  

Popular digital bank Starling Bank has announced new virtual cards along with features that can be incorporated into the tech. Starling Bank said that virtual cards are now available for Personal Current Account customers and updated its Spending Insights. The features add to the bank’s… Read More

December 7, 2022 @ 8:09 am By Omar Faridi  |  

Sometimes, innovation comes “out of frustration.” That was “certainly” the case for kennek, the vertical software solution for lenders. As Thibault Lancksweert, kennek Founder and Co-CEO notes: “Our motivation for starting kennek stemmed from our own frustrations as lenders. We found that, despite the many… Read More

December 6, 2022 @ 3:19 pm By Omar Faridi  |  

Imployable, which claims to be a unique, award winning app that’s at the “heart” of an employment ecosystem, has secured 60% (£150,141.81) of its £250,000 target (with 7 days in the sale, at the time of writing) from 112 investors via Crowdcube. Imployable is a… Read More

December 6, 2022 @ 10:53 am By JD Alois  |  

Osome has raised $25 million in Series B funding from global investors, according to a company statement. Investors include Illuminate Financial, AFG Partners, and Winter Capital.  Osome raised $16 million in Series A funding in 2021. Osome is described as a “financial admin super-platform” designed… Read More

December 6, 2022 @ 9:09 am By JD Alois  |  

PropertyRise, a UK-based prime property investment platform, is reporting a record week of lending, having booked £50 million in loans. According to the company, multiple credit records were broken in October as interest in the property offerings rise. Another metric achieved during October is completing… Read More

December 6, 2022 @ 8:34 am By Omar Faridi  |  

T8, a financial services and lifestyle platform built for the global mass affluent, has raised  237% (£3,322,350) of its £1,400,000 target (with 3 days left in the sale, at the time of writing) from 238 investors via its crowdfunding campaign, carried out through Seedrs. Located… Read More

December 5, 2022 @ 8:51 am By Omar Faridi  |  

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle in order “to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.” Skedadle… Read More

December 4, 2022 @ 7:52 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Marc Jenkins as Chief Financial Officer UK – SMF 2, “subject to regulatory approval, and Member of the… Read More

December 2, 2022 @ 3:53 pm By Omar Faridi  |  

Regtech startup docStribute has joined the Mia-Platform Partner Network. Effective immediately, docStribute solutions will be “available to businesses on the Mia-Platform Marketplace.” docStribute  uses “a distributed ledger application that utilizes a decentralized public network known as hashgraph, a secure, shared database that everyone can read… Read More

December 1, 2022 @ 8:59 am By Omar Faridi  |  

Over the last year, the team at Assetz Capital have finally seen “substantial rises” in bank interest rates after well over ten years of them “languishing at near zero levels.” Assetz Capital noted in a blog post that this has led to the Access Accounts… Read More

November 30, 2022 @ 8:13 am By Omar Faridi  |  

ClearBank, which claims to be the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, announced they will “collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading… Read More

November 29, 2022 @ 11:08 pm By Omar Faridi  |  

UK’s online pension provider, PensionBee (which has reached £3 billion in assets under administration), has partnered with specialist communication charity, Speakers Trust, in order “to help unlock greater confidence in the workplace when public speaking, by utilizing essential communication techniques.” The two organizations have “collaborated… Read More

November 29, 2022 @ 10:59 am By JD Alois  |  

FTSE Russell has announced the launch of FTSE Global Digital Asset Index Series in partnership with Digital Asset Research (DAR). The series includes “investible” digital assets that cover eight indices from large to micro-cap and is the second FTSE Russell index series based on FTSE… Read More

November 29, 2022 @ 8:20 am By Omar Faridi  |  

The wave of embedded finance options is starting to move this “proverbial ship” forward, as options available at MarketFinance through their pay later financing for small businesses mean that finally, sole traders can “get instant access to credit at the point of sale when procuring… Read More

November 28, 2022 @ 10:34 am By Omar Faridi  |  

Awaken Intelligence, an AI or artificial intelligence-enhanced software, which helps contact centers to improve call time & customer satisfaction, analyzing conversations in 38 languages, has secured 123% (£681,501.18) of its £550,000 fundraising target from 190 investors with 1 day left in the firm’s crowdfunding campaign… Read More

November 28, 2022 @ 9:45 am By JD Alois  |  

BVNK has reportedly gained a UK Electronic Money Institution (EMI) Licence via the acquisition of System Pay Services Limited (SPS Ltd). SPS has held an EMI license authorized by the Financial Conduct Authority (FCA) since 2020. The deal was approved by the FCA. BVNK is… Read More