Tagged: united kingdom

January 31, 2022 @ 10:55 am By JD Alois  |  

Open banking infrastructure provider Yapily says that open banking is a top priority for UK banks. According to Yapily’s research, UK banks continue to invest in open banking and API response times in the UK, by the top 10 traditional banks, have improved response speeds… Read More

January 31, 2022 @ 10:03 am By JD Alois  |  

Property crowdfunding platform CrowdProperty has announced that Sarah Cooper has joined its firm as Head of Developer Support. Cooper was previously at the financial services firm Wesleyan, where she was responsible for customer experience improvements and operational management initiatives as Customer Operations Change Lead. Damon… Read More

January 30, 2022 @ 9:15 pm By Omar Faridi  |  

The team at UK’s investment platform, easyMoney, notes that you need not look too hard to find updates about how the Covid-19 crisis has negatively affected the lives of young people. The younger generation has been among the hardest hit in many ways, according to… Read More

January 29, 2022 @ 12:51 pm By Omar Faridi  |  

Techstars, an international investment business that offers access to capital, one-on-one mentorship opportunities, and customized programming for early-stage business owners, has appointed Saalim Chowdhury as MD of Techstars London. He follows predecessor Eamonn Carey. Previously a Partner at 500 Startups, Chowdhury will be responsible for… Read More

January 29, 2022 @ 12:41 pm By Omar Faridi  |  

The sustainable development goal-linked investment app Etcho reports that it has finalized its pre-seed round, by securing £279,000 from angel investors via Crowdcube. Linking to the United Nation’s 17 SDGs, the Fintech app from Etcho enables users to select the goals they are most passionate… Read More

January 28, 2022 @ 6:18 pm By Omar Faridi  |  

CurveGlobal Markets is closing its digital or online platform for the last time on Friday, January 28, 2022 – after more than 5 years of operations. As a reminder to those few position holders – your positions will all be cash-settled post close on Friday… Read More

January 28, 2022 @ 5:58 pm By Omar Faridi  |  

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 9:08 am By Omar Faridi  |  

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

January 27, 2022 @ 10:01 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) has reportedly decided to backtrack on its initial plans to stop accepting Visa credit cards in the United Kingdom. The digital commerce company had been expected to stop UK consumers from using their Visa-issued credit cards for purchases via its platform, effective… Read More

January 27, 2022 @ 9:39 am By Omar Faridi  |  

  Citi (NYSE: C) has announced its intent to transform its London head offices, home to its UK and EMEA operations. The refurbishment of the Citi Tower in Canary Wharf will create a new workplace for the future, incorporating the latest tech and the “highest… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 26, 2022 @ 9:48 am By JD Alois  |  

Ownera has joined the Global Digital Finance (GDF) Patron Board. Global Digital Finance is a UK-based organization that aims to support the digital asset sector of Fintech. In a public statement, Global Digital Finance said it will work with Ownera to promote standards and best… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 25, 2022 @ 8:34 pm By Tony Zerucha  |  

Growth Capital Ventures has led a £150,000 seed investment round into n-gage.io, a technology company using data to influence how audiences engage and experience leisure, visitor, and sporting attractions. Growth Capital Ventures is an online capital formation platform that enables private investors to invest in… Read More

January 25, 2022 @ 8:10 am By Omar Faridi  |  

European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More

January 25, 2022 @ 8:05 am By Omar Faridi  |  

Everything, a UK-based Fintech firm focused on reinventing premium bonds with a social spin, has secured €2 million from angel investors. Merama CEO Sujay Tyle, Frontier Car Group founders Peter Lindholm and Ricardo Donoso, along with Axel Arigato co-founder Albin Johansson have all reportedly joined… Read More

January 24, 2022 @ 10:11 pm By JD Alois  |  

Leading property finance platform LendInvest (LSE: LINV) has acheived £2 billion in assets under management (AUM). LendInvest noted that had reached £1 billion of AUM in 2019 – ten years from its launch. This newest mileston is indicative of platform growth. LendInvest said that strong… Read More

January 24, 2022 @ 10:46 am By Omar Faridi  |  

Monese, the pan-European Fintech, is reportedly expanding its product offering with the introduction of a Credit Builder service for its clients in the United Kingdom. Having started a waiting list last year, Credit Builder is currently available and it’s reportedly being used by certain clients… Read More