Tagged: united kingdom

November 28, 2022 @ 7:35 am By Omar Faridi  |  

Darksquare, which aims to open up the world of alternative investments to individuals, has secured 98% (£197,350) of its £200,002 fundraising target from 82 investors (at the time of writing) with 23 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in… Read More

November 26, 2022 @ 6:31 pm By Omar Faridi  |  

QUANTIFEED, the provider of digital wealth management solutions, announces that it has acquired ALPIMA, a London-based portfolio construction, visualisation, and analytics fintech company. Alex Ypsilanti, Co-Founder and CEO of Quantifeed, said: “We are very excited about bringing together two hugely talented teams of financial engineers… Read More

November 26, 2022 @ 11:27 am By Omar Faridi  |  

Atom Bank, which claims to be the United Kingdom’s “first” app-based bank, has reportedly agreed to terms with BBVA, Toscafund and Infinity Investment Partners in order to add a further £30 million in equity to its balance sheet. It follows the £75 million that Atom… Read More

November 26, 2022 @ 9:01 am By Omar Faridi  |  

The UK and Singapore have agreed a new MoU “boosting fintech trade and cooperation at their 7th Financial Dialogue in Singapore.” The UK and Singapore agree a Memorandum of Understanding (MoU) “on the UK–Singapore FinTech Bridge to remove barriers to fintech trade and boost cooperation.”… Read More

November 25, 2022 @ 7:07 pm By Omar Faridi  |  

Volt, the global gateway for open banking payments in Europe, the UK and Brazil, and Kriptomat, one of the “fastest-growing” European cryptocurrency exchange platforms, are announcing a partnership “to enable Kriptomat customers throughout Europe to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies.”… Read More

November 25, 2022 @ 9:13 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has published its 3rd Global Fintech Regulator Survey. The document is being produced in partnership with the World Bank. CCAF is widely recognized as the top independent research firm following the development of… Read More

November 25, 2022 @ 8:50 am By JD Alois  |  

Tink, an open banking platform, now offers a new feature called Balance Check that enables users to verify account balances. Tink states that this new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers. Balances Check utilizes real time… Read More

November 24, 2022 @ 9:39 am By Omar Faridi  |  

Financial services firms across the UK are being urged to prioritize investment and training in skills “including digital literacy, coaching and software development to help the sector tackle ongoing skills gaps and to boost its competitiveness.” The five core skills and behaviors also “include creative… Read More

November 24, 2022 @ 9:35 am By Omar Faridi  |  

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

November 24, 2022 @ 9:33 am 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 Phil Knight as Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO). Phil will “oversee… Read More

November 23, 2022 @ 10:32 am By JD Alois  |  

Warwick Business School held an event in recent days that discussed central bank digital currency (CBDCs), according to a note from the school. The Gillmore Centre Policy Forum heard Antoine Martin, a Senior VP of Research at the Federal Reserve Bank of New York, where… Read More

November 23, 2022 @ 9:37 am By Omar Faridi  |  

Coconut notes that starting a self-employed business is “easier than ever, but the finance tools available haven’t improved for decades.” New laws mean 4m+ UK taxpayers will “have to do 5x more tax returns.” Coconut’s accounting software is “helping accountants get their sole traders &… Read More

November 23, 2022 @ 8:01 am By Omar Faridi  |  

Hydr, which creates software to enable invoice finance at scale for SMEs, optimizing cash flow, fueling growth, has secured 95% (£332,826) of its £350,001 target via Seedrs with 29 days left in the firm’s crowdfunding campaign (with 31 investors so far making contributions to the… Read More

November 22, 2022 @ 11:58 pm By JD Alois  |  

The Financial Conduct Authority (FCA) is worried about investment apps that are designed to encourage trading. The regulator issued a statement and report yesterday, warning securities trading firms that offer apps to review the design of these services that are crafted to boost trading leveraging… Read More

November 22, 2022 @ 10:54 pm By Omar Faridi  |  

Low carbon building practices, crucial to achieving greenhouse gas emissions targets, “attracted record levels of venture capital funding in 2022 with investment levels soaring to $2.2bn.” Venture capital raised by companies involved in green building design, building materials procurement and lower carbon construction methods “has… Read More

November 22, 2022 @ 7:01 pm By JD Alois  |  

Currencycloud has partnered with Quid Global to help power the company’s digital wallet, which will support the firm’s international expansion. Quid Global, launched in the UK in 2020 and now with offices in London, US, Switzerland, and Ireland, Quid aims to be the one-stop digital… Read More

November 22, 2022 @ 11:55 am By Omar Faridi  |  

UK’s professional services firm Evelyn Partners revealed “a significant move to strengthen its Forensic Services team with the appointment of Annabel Kerley FCA as Head of Fraud and Financial Crime.” As a Partner specializing in investigations Annabel will “build and grow Evelyn Partners’ Forensic Services… Read More

November 22, 2022 @ 7:54 am By Omar Faridi  |  

OneBanx, the shared branch banking innovator, is launching the public phase of its £1.25m fund raise on Crowdcube, Europe’s crowdfunding platform. Having shown that OneBanx’s shared branch concept works with three pilots in Central Scotland, the team is now “embarking on the next phase of… Read More

November 21, 2022 @ 11:10 am By JD Alois  |  

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a publicly listed VC firm that backs early stage digital firms, has published a 6 month update on performance, ending September 30, 2022. Molten said that its gross portfolio value has declined to £1,450 million versus March at… Read More

November 20, 2022 @ 8:17 pm By Omar Faridi  |  

ROX Equity Partners, a UK based private equity company, has acquired SilverBridge. The financial services technology provider “has become the first subsidiary in the newly established Alula Technologies group providing solutions to the insurance and health industries.” As an organization who has demonstrated its ability… Read More