Tagged: united kingdom

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

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