Tagged: united kingdom

March 27, 2022 @ 10:22 am By Omar Faridi  |  

UK house prices continue to “advance unrestrained,” and on average are “up £29,000” over the last year, according to an update shared by Blend Network, a specialist development finance lender. The Nationwide House Price Index increased by 12.6% YoY in February 2022, which is an… Read More

March 25, 2022 @ 11:01 am By Omar Faridi  |  

FintechOS, a tech partner offering “high-productivity” Fintech infrastructure solutions for firms providing financial services, confirmed the launch of its accelerators for SME mobile lending and onboarding. The accelerators enable service provides to conveniently and efficiently enhance the SME customer onboarding process and streamline the loan… Read More

March 25, 2022 @ 9:00 am By Omar Faridi  |  

The team at Chetwood Financial has confirmed the acquisition of core banking provider Yobota in order to extend their Banking-as-a-Service (BaaS) capabilities. Established alongside them back in 2016 and developed as a separate business entity, Yobota is a London-headquartered tech firm that has built “a… Read More

March 25, 2022 @ 8:58 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) this week again warned consumers about some of the risks it sees associated with cryptocurrencies. While acknowledging benefits cryptoassets bring, such as the abilities to reduce costs and increase efficiencies, the FCA said they also present risks to… Read More

March 24, 2022 @ 12:22 pm By JD Alois  |  

The Bank of Mum and Dad United or BOMADU is the newest entry into the neobank sector of Fintech in the UK.According to a release, BOMADU is targeting first-time buyers overcome the home deposit challenge. BOMADU is currently raising seed funding on Seedrs, its first… Read More

March 24, 2022 @ 12:13 pm By JD Alois  |  

UK-based GoCardless, a direct bank payment solution, has announced a fraud prevention tool – Verified Mandates. The new feature is said to combine the Account Information Services (AIS) capabilities of open banking with direct debit to stop fraud before it happens. GoCardless describes its services… Read More

March 24, 2022 @ 8:26 am By Omar Faridi  |  

According to research commissioned by Payments Bank, Banking Circle, big bank de-risking is “significantly hampering the efforts of many financial institutions to deliver services that empower financial inclusion.” The primary cause appears to be “the risk-averse strategies adopted in response to the financial crisis of… Read More

March 24, 2022 @ 12:56 am By Omar Faridi  |  

Currencycloud, the Fintech firm that is focused on simplifying business in a multi-currency world, has introduced Weekend FX, offering customers with the ability to provide competitive FX rates 24/7, “even after the markets close on a Friday evening.” As noted by Currencycloud: “Gone are the… Read More

March 23, 2022 @ 10:54 pm By Omar Faridi  |  

Finaro, the cross-border payment provider and licensed bank supporting international commerce via simple payments, has announced an expansion of its management team to take advantage of the fast digital commerce growth in three of the fastest-growing e-commerce regions of Europe. Ruben Frimand Nielsen is reportedly… Read More

March 23, 2022 @ 2:43 pm By Omar Faridi  |  

When one of the most prominent firms, Andreessen Horowitz, proclaimed in January 2020 that “every company will be a fintech company”, it “spurred a big debate,” according to the team at UK’s MarketFinance. How much should software platforms “build their own solutions, versus embedding third… Read More

March 23, 2022 @ 10:49 am By JD Alois  |  

Property investment platform CrowdProperty reports that it has just completed the financing of a development projection Somerset to the tune of £9.05 million. According to an email, the project includes the construction of 69 dwellings, of which 35% will be affordable housing, on a 5.04… Read More

March 23, 2022 @ 9:36 am By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, has acquired UK open banking firm Credit Kudos, according to multiple reports. Credit Kudos was apparently purchased for $150 million after putting itself up for sale earlier this year. While neither Credit Kudos nor… Read More

March 22, 2022 @ 11:40 am By JD Alois  |  

Equiduct, a pan-European securities exchange serving both individuals as well as institutions, has appointed a new Chief Financial Officer. According to a statement by the company,  Stephen Jarvis has been appointed as CFO joining the company at a “crucial moment in their growth trajectory.” According… Read More

March 22, 2022 @ 8:17 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending March 18, 2022, there were outflows that continued “with $47 million,… Read More

March 21, 2022 @ 10:36 am By Omar Faridi  |  

Caxton, the UK Fintech payments provider, announced a partnership with Banking-as-a-Service provider OpenPayd in order to provide clients with “a simplified payments experience.” In order to meet the demands of steady growth, the collaboration will “upgrade and automate Caxton’s payments infrastructure, to drive faster processing… Read More

March 21, 2022 @ 8:49 am By Omar Faridi  |  

Given its established history, the London Stock Exchange (LSE) was due for a major update. The LSE was established back in 1698 as simply a list of prices posted to the wall of a back-alley coffee house. Then about 100 years later, it began hosting… Read More

March 21, 2022 @ 8:19 am By JD Alois  |  

ClearBank, a Fintech that is licensed by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, has raised £175 million in equity capital at an undisclosed valuation, according to a company statement. The new capital was led by funds advised by Apax Digital,… Read More

March 21, 2022 @ 8:06 am By Omar Faridi  |  

Townsend Lansing, Head of Product at CoinShares and Nick du Cros, the Head of Compliance and Regulatory affairs at CoinShares, have noted that there appears to have been “quite a bit of confusion” in the digital assets community recently regarding the proposals in the EU… Read More

March 21, 2022 @ 2:05 am By Omar Faridi  |  

This month, the Buy-to-Let team at leading UK-based property Fintech LendInvest has taken an in-depth look at the Limited Company market, as well as the “appetite and use of long-term rates” after they introduced their “first 10-year product range, to complement our 5- and 7-year… Read More

March 21, 2022 @ 1:01 am By Omar Faridi  |  

Tony Kear from UK’s Assetz Capital notes that he joined in November 2020 and was “just getting his feet under the desk when COVID hit.” Tony Kear shares that he started his Corporate Banking career in 1990 based in NatWest Bridgend with “an emphasis on… Read More