Tagged: united kingdom

August 18, 2022 @ 10:48 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide, has “rebranded its service for 6 – 17 year olds.” ‘Revolut <18’ is “an account for young people which is connected to their parent/guardian’s Revolut account, helping young people feel positive and… Read More

August 18, 2022 @ 7:56 am By Omar Faridi  |  

The Bank of London, which claims to be the first purpose-built global clearing, agency, and transaction bank, welcomed Economy Minister Gordon Lyons MLA “to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.” During… Read More

August 18, 2022 @ 7:52 am By Omar Faridi  |  

Crypto.com, which claims to be the “fastest-growing” cryptocurrency platform, announced that it has received regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom (UK) as “a crypto-asset business.” This registration will “enable Crypto.com to offer a suite of products and services to… Read More

August 17, 2022 @ 10:39 pm By Omar Faridi  |  

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, “to augment its offering with accounts, real-time payments and Visa cards.” This move makes Nebeus one of the first European companies “to leverage Modulr’s one-stop card issuing solution across the… Read More

August 17, 2022 @ 12:27 pm By Omar Faridi  |  

Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.” They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the… Read More

August 17, 2022 @ 9:37 am By Omar Faridi  |  

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should… Read More

August 16, 2022 @ 11:44 am By JD Alois  |  

Jarvo, a private firm raising capital on Seedrs, is reporting that it hit its £200,000 funding target in just 42 seconds. According to the company, this beats the previous record for the fastest funding round held by digital bank Monzo. That’s a wrap!! 🎉🎉 overfunded… Read More

August 15, 2022 @ 4:19 pm By Omar Faridi  |  

AutoLend is one of Blend Network’s most “popular” features. As explained by UK’s Blend Network, a specialist development finance lender, Autolend is used by many of their investors “to ensure they don’t miss the chance to lend on [their] loans.” Melissa Turnbull from Blend Network’s… Read More

August 14, 2022 @ 11:41 am By Omar Faridi  |  

CapitalRise has reportedly acquired another funding line, which the firm states should allow it to take on a larger number of projects based in London as well as Home Counties. The UK-based prime property lender noted that the agreement has been made with a prominent… Read More

August 13, 2022 @ 3:06 pm By Omar Faridi  |  

BT has announced Barclaycard Payments as the latest business “to join its new partnership network, aimed at helping the UK’s smallest firms to grow.” Barclaycard has signed up to BT’s partnership network, “following The Federation of Small Businesses (FSB), with the aim of delivering a… Read More

August 13, 2022 @ 1:03 pm By Omar Faridi  |  

Investment management firm abrdn (LON: ABDN) has reportedly become the largest external shareholder in the United Kingdom’s “first” regulated digital securities exchange, Archax. Terms of the transaction have not been shared publicly. Archax was established around 4 years ago in order to offer access to… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

August 12, 2022 @ 11:29 am By JD Alois  |  

Earlier this year, the UK FCA, PSR, CMA, and HM Treasury published a joint statement on the future of open banking (open finance), while announcing the creation of a joint regulatory oversight committee designed to improve adoption. The committee is co-chaired by the FCA Executive… Read More

August 12, 2022 @ 9:21 am By Omar Faridi  |  

LianLian Global, a cross-border payment service provider, announced the expansion of its cross-border digital payments platform to the UK, “with additional support for customers to secure financing through LianLian Global.” The LianLian Global cross-border digital payments platform is “designed to help UK ecommerce merchants and… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 10, 2022 @ 4:42 pm By JD Alois  |  

As COVID lingered and the economy stumbled due to rapidly rising prices and geopolitical strife, investment in private UK firms continued unabated, hitting a record amount of £14.9 billion during the first half of 2022. These investments were led by the burgeoning Fintech sector that… Read More

August 10, 2022 @ 8:36 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

August 10, 2022 @ 8:27 am By Omar Faridi  |  

The team at UK’s Atom Bank reveals that they’ve become a Registered Firm with the Lending Standards Board, a body “dedicated to upholding fair practices in the lending industry.” Head of Business Lending at Atom Bank, Tom Renwick, has provided more details and “explains what… Read More

August 9, 2022 @ 1:21 pm By Omar Faridi  |  

Aqua Global has been offering financial messaging solutions for more than 35 years, specializing in straight through processing for payments along with treasury and securities processing. Aqua’s newest suite Aquila has evolved from the successes/progress of its e2gen suite, but unlike e2gen, which was mainly… Read More

August 9, 2022 @ 9:27 am By Omar Faridi  |  

Capify, the specialist SME lender, recently introduced a £40 million fund for UK-based small businesses in order to help with maintaining operations through challenging conditions. The fund has been established in response to growing concerns regarding access to finance from traditional lending platforms and the… Read More