Tagged: united kingdom

March 20, 2022 @ 3:38 pm By Omar Faridi  |  

London-headquartered Fintech firm Zilch reports steady growth, indicating that clients are responding to the company’s ongoing efforts to offer what CEO Philip Belamant describes as the “the democratization of free credit.” In November of last year, Zilch had been valued at around $2 billion only… Read More

March 19, 2022 @ 11:44 am By Omar Faridi  |  

Allica Bank has reportedly secured more than £1 billion in total deposits from businesses as well as individual savers. The key milestone comes after Allica Bank had preformed considerable work to further diversify its deposit-acquring channels. Along with introducing its range of personal and business… Read More

March 18, 2022 @ 9:22 am By Omar Faridi  |  

The United Kingdom’s Open Banking Implementation Entity (OBIE) has reportedly appointed Theresa Casey as the General Counsel, after the departure of Selene Brett to Yapily. Casey, who had served as general counsel and company secretary at online retailer N Brown Group, will now be joining… Read More

March 17, 2022 @ 11:56 am By JD Alois  |  

EQONEX Limited (NASDAQ: EQOS) has selected Jonathan Farnell as its new CEO and Member of the Board of Directors. Farnell was previously the Head of Binance UK and CEO of Bifinity. The current interim CEO Andrew Eldon will revert back to his primary roles of… Read More

March 17, 2022 @ 10:05 am By JD Alois  |  

As inflation rages higher, the Bank of England announced it was raising its benchmark rate by 25 basis points to 0.75%. One voting member preferred to leave rates unchanged. The BoE said that developments since the February Report are likely to accentuate both the peak… Read More

March 16, 2022 @ 4:33 pm By Omar Faridi  |  

Moneyhub, the Open Data and payments platform, is teaming up with global electronics manufacturer Samsung in order to facilitate the “first” Open Banking payments on a retail self-service point-of-sale (POS) Kiosk. Moneyhub’s Open Banking payment tech along with Samsung’s self-service ordering and payment solution, “will… Read More

March 16, 2022 @ 11:17 am By Omar Faridi  |  

HSBC (NYSE: HSBC) recently confirmed the closure of 69 physical branch locations across its wider bank network in the United Kingdom, in a move that could impact 400 jobs. In an official statement, the banking institution explained that the decision was taken as part of… Read More

March 16, 2022 @ 9:30 am By Omar Faridi  |  

The Financial Conduct Authority (FCA), the United Kingdom’s financial services industry regulator, is reportedly looking for a professional to head the digital assets unit and build up a new team. This, according to a job posting via LinkedIn. The department head will be required to… Read More

March 15, 2022 @ 3:06 pm By Omar Faridi  |  

UK-based ThinCats, the alternative finance provider to SMEs, has reportedly appointed Billy Ferguson to serve as the firm’s CTO. Ferguson brings considerable professional experience within the IT industry, having previously served in key roles at Aldermore Bank, Allianz Insurance as well as Prudential. Ferguson will… Read More

March 15, 2022 @ 9:24 am By Omar Faridi  |  

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

March 15, 2022 @ 9:07 am By JD Alois  |  

Crypto exchange Bitstamp has hired James Greenwood as Chief Technology Officer. Greenwood is a former banker having worked for both traditional and digital platforms. According to a statement from the company, Greenwood’s most recent position was as Chief Product Officer at Zand Bank (UAE), where he… Read More

March 15, 2022 @ 8:39 am By Omar Faridi  |  

Gretel, a Fintech firm which allows financial services providers to quickly and seamlessly reconnect their clients with lost insurance products, banking accounts, pensions, savings and other investments, recently revealed that it has acquired $1 million in pre-seed funding – which was led by Insurtech Gateway… Read More

March 14, 2022 @ 10:54 am By Omar Faridi  |  

Dedicated prime property investment platform CapitalRise has reportedly appointed Simon Brown as the firm’s new Head of Lending, and Saif Khichi and Ed Groves have joined as credit analysts. In their roles at CapitalRise, Simon will be tasked with all aspects of the platform’s lending… Read More

March 14, 2022 @ 10:14 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) startup, has raised a $1.7 million Seed round, according to a statement from the company. Playter is a London-based platform that aims to help startups scale quicker with BNPL invoicing. The round was co-led by global investment… Read More

March 14, 2022 @ 8:57 am By JD Alois  |  

Leading UK-based property Fintech LendInvest has hired Greg Medcraft, former Head of Australia’s regulator, as Senior Advisor. Medcraft Commissioner and then Chairman of Australia’s financial services regulator, ASIC was from 2009 to 2017. Until last year, he was Director of the Directorate for Financial and… Read More

March 14, 2022 @ 8:45 am By Omar Faridi  |  

Recent data from Fintech firm Klarna, an international retail bank, payments, and shopping service, indicates that UK consumers are saving a larger share of their earnings every month when compared to their global peers. However, UK consumers are also less interested in investing their funds… Read More

March 14, 2022 @ 3:43 am By Omar Faridi  |  

Emerald Stay, a Proptech that acquires and grows vacation rental operators, has acquired  127% (€639,780) of its €500,000 target via Seedrs from 154 investors (at the time of writing) with 18 days left in the company’s crowdfunding campaign. Based in Genève, Switzerland, Emerald Stay operates… Read More

March 14, 2022 @ 2:42 am By Omar Faridi  |  

ScribeStar, an SaaS platform that streamlines and automates the “complex and inefficient processes of issuing securities (eg IPOs, bonds) and ongoing reporting in capital markets,” has acquired 106% (£587,395) of its £550,000 target via Crowdcube from 222 investors (at the time of writing) with 18… Read More

March 13, 2022 @ 4:06 pm By Omar Faridi  |  

The team at Landbay notes that they believe that as an established lender, they must be able to demonstrate that they’re using the latest technology and continue to enhance the service they provide. Their online platform stands out “as one of the most advanced in… Read More

March 12, 2022 @ 8:41 pm By Omar Faridi  |  

Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More