Tagged: united kingdom

October 28, 2022 @ 11:21 am By JD Alois  |  

The UK Parliament has moved on a new Financial Services and Markets Bill that incorporates language aiming to provide a path to regulated crypto-assets (digital assets). The comprehensive bill, which is 335 pages long, addresses “Digital Settlement Assets” which may, or may not be via… Read More

October 28, 2022 @ 7:42 am By Omar Faridi  |  

Raisin, which claims to be the global leader for the savings and investment market, has announced the migration of its UK platform ClearBank, the “enabler of secure accounts, real-time clearing, and embedded banking for financial institutions.” ClearBank will “underpin the FSCS protected account Raisin UK… Read More

October 27, 2022 @ 12:28 pm By JD Alois  |  

A Zopa-led coalition of Fintechs has joined to “combat the UK cost-of-living crisis.” Announced today, ten new members have been added to The 2025 Fintech Pledge or Pledge2025.org. The pledge, launched in September 2022, aims to drive 10 million consumer actions by 2025 that build… Read More

October 27, 2022 @ 8:53 am By JD Alois  |  

The British Business Bank has posted an updated list that includes new companies backed by the Future Fund, one of several schemes enacted to provide assistance to firms harmed by the COVID-19 health crisis. Created in 2014, The British Business Bank is the UK government’s… Read More

October 27, 2022 @ 4:00 am By JD Alois  |  

Digital bank Starling Bank will be the official principal partner for Southampton FC Women for the 2022-2023 season. According to a note from the bank, starting Sunday, October 30th, Starling will sponsor the team with a match against Sunderland AFC Ladies. Starling’s logo will be… Read More

October 26, 2022 @ 11:32 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, announced that it is launching in the United States. Founded in London in 2016, YuLife claims it “achieved rapid traction in the UK insurance market through its flagship product, group life insurance.” The… Read More

October 26, 2022 @ 11:07 pm By Omar Faridi  |  

Refinitiv, an LSEG business, announced the launch of a secure, personalized, and seamless global digital onboarding solution to help firms enhance their approach to onboarding clients. The recent shift towards online commercial activity has led to an increase in digital and contactless payments, forcing companies… Read More

October 26, 2022 @ 7:56 am By Omar Faridi  |  

Fintech firm Wise (LSE:WISE) is reportedly planning to introduce its Assets investing service across Europe after acquiring an operational license in Estonia. Presently available in the United Kingdom, Assets allows clients to hold cash in their multi-currency accounts in various asset classes, while also being… Read More

October 25, 2022 @ 10:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is commencing a review of “Big Tech” providing financial services. The FCA will be reviewing firms like Google, Amazon, Apple, Facebook, and others that have emerged as top financial services providers in sectors like digital wallets and payments. The… Read More

October 24, 2022 @ 3:52 pm By JD Alois  |  

As was reported earlier today, former Chancellor of the Exchequer Rishi Sunak has been selected to become the new Prime Minister, stepping in after Liz Truss was forced out following a rough couple of weeks. Several more comments have filtered in from Fintechs following the… Read More

October 24, 2022 @ 1:06 pm By JD Alois  |  

Announced towards the end of 2021, Republic purchased UK-based Seedrs combining one of the most active securities crowdfunding platforms in the US with a crowdfunding leader in the European market. The deal officially closed several weeks back following a review by UK authorities. When the… Read More

October 24, 2022 @ 9:46 am By JD Alois  |  

UK markets are showing a sign of relief following the news that former PM Boris Johnson has decided to pass on another go as the occupant of Number 10 Downing Street, and Penny Mordaunt tweeted she would stand down from the race, thus clearing the… Read More

October 22, 2022 @ 3:35 pm By Omar Faridi  |  

Global Fintech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management “to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances.” Since launching in 2012, Capital on… Read More

October 22, 2022 @ 2:49 pm By Omar Faridi  |  

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer. He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year. Marshall has reportedly worked at Atom for the past six years, holding several… Read More

October 21, 2022 @ 6:34 pm By Omar Faridi  |  

NatWest Group plc has entered into a partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (BaaS) business in the UK. This strategic partnership will “enable businesses to embed financial services products such as… Read More

October 20, 2022 @ 12:09 pm By Omar Faridi  |  

Lloyds Banking Group has introduced Innovation Sandbox in order “to accelerate its collaboration with Fintechs and improve the digital products and services it offers to customers.” Innovation Sandbox will reportedly “help the Group bring a variety of Fintech opportunities through the design and test cycle… Read More

October 20, 2022 @ 8:38 am By JD Alois  |  

DivideBuy, a UK-based Fintech that provides point of sale (POS) financing, has topped £250 million in lifetime sales, according to a note from the company. The company was founded in 2014. DivideBuy reports over 500 merchants in the UK and claims its customers have boosted… Read More

October 19, 2022 @ 11:47 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be the United Kingdom’s largest lending platform for small business borrowers, announced the appointment of Greig McEwan as Chief Technology Officer. Greig joins Funding Circle’s Global Leadership Team, “reporting to CEO, Lisa Jacobs.” Greig is “a customer-driven technology leader… Read More

October 19, 2022 @ 8:22 am By Omar Faridi  |  

UK-based open banking and request to pay Fintech firm Ordo has secured £10 million in a Series A round that was reportedly led by Equinox Systems. Established in 2018 by the former management team of the Faster Payments scheme, Ordo allows companies to request payments… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More