Tagged: united kingdom

October 2, 2021 @ 11:55 am By Omar Faridi  |  

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.” As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the… Read More

October 2, 2021 @ 8:47 am By Omar Faridi  |  

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

October 2, 2021 @ 8:45 am By Omar Faridi  |  

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

October 2, 2021 @ 8:43 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that the prospects of the United Kingdom’s macroeconomic environment are “becoming gradually more positive.” Blend Network writes in a blog post that the improvement is “reflected, among other factors, in job openings at a… Read More

October 1, 2021 @ 7:58 am By Omar Faridi  |  

Australian founded and headquartered payments firm, Till Payments, has finalized its Series C round, securing $110 million in private capital. The proceeds will be channeled towards strengthening Till’s domestic capabilities, “bolster global expansion, and further innovate its cutting-edge technology,” according to a release. The announcement… Read More

September 30, 2021 @ 9:25 am By JD Alois  |  

Curve, a Fintech that is on a mission to become a “financial super app,” has posted its annual report. The results are for the period ending December 2020. Curve operates in the UK and the EEA countries reporting 2.6 million customers as of June 2021…. Read More

September 30, 2021 @ 8:18 am By Omar Faridi  |  

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More

September 29, 2021 @ 11:09 am By JD Alois  |  

The Bank of England and HM Treasury have joined the central bank digital currency (CBDC) Engagement and Technology Forums. The Forums were created earlier this year alongside a task force exploring a digital pound sterling. CBDCs have emerged as a hot policy issue in the… Read More

September 29, 2021 @ 10:03 am By Omar Faridi  |  

Eventus Systems, Inc., an international provider of multi-asset class trade surveillance and market risk solutions, reveals that it has made several key appointments in Europe as part of the company’s growth in the region and globally. Bringing considerable experience into the new roles are Ollie… Read More

September 29, 2021 @ 8:58 am By JD Alois  |  

Sonovate, a payments management platform for business invoices, has been recognized as the Fintech Company of the Year at the Fintech Award Wales at the Tramshed Cardiff. According to a release, six companies were shortlisted for the award, sponsored by Cardiff Capital Region. The award recognizes… Read More

September 29, 2021 @ 8:28 am By Omar Faridi  |  

WealthKernel, the Wealthtech platform of digital investment solutions, reveals that it has teamed up with Topia, a UK-headquartered app provider that aims to empower Millennials who want to reach financial freedom and retire early. Through the partnership, Topia will be using WealthKernel’s investing API and… Read More

September 29, 2021 @ 7:49 am By Omar Faridi  |  

One of the “longest-running” crypto exchanges, CoinJar UK Limited has been “officially registered” by the Financial Conduct Authority (FCA) as “a Cryptoasset Exchange Provider and Custodian Wallet Provider.” As mentioned in an update shared with CI: “In January 2020, new regulatory powers were introduced to… Read More

September 29, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling is expanding its business operations into Europe. As of H1 2022, “subject to regulatory approval,” Starling intends to make its Banking as a Service (BaaS) solution offering available in the European Union, which includes France, Germany, The Netherlands and Spain, according… Read More

September 28, 2021 @ 8:06 am By JD Alois  |  

White Oak, an alternative business lender, is reporting that its loan book has topped £500 million for the first time. White Oak noted that its loan book surpassed  £250 million at the end of last year. The lender says it has experienced a record level… Read More

September 27, 2021 @ 11:30 pm By JD Alois  |  

Online pension provider, PensionBee (LON:PBEE) says that switching pension providers is too hard. Citing research initiated in-house, PensionBee says that just 26% of consumers found switching their pension provider easy, in contrast to 73% to switch home insurance and 69% for energy providers. PensionBee adds… Read More

September 27, 2021 @ 10:54 am By JD Alois  |  

MDOTM, a platform that provides investment advice using artificial intelligence  (AI), has raised €6.2 million in Series B fundraising. Both institutions and individual investors participated in the funding round. Investors include Federico Ghizzoni, Chairman of Rothschild Italy and former CEO of UniCredit; Lorenzo Pagani, Managing… Read More

September 27, 2021 @ 9:59 am By JD Alois  |  

Fintern, a digital consumer lender seeking to improve access to affordable lending, has appointed Andrew Bloom to its board as a Non-Executive Director. Bloom founded Masthaven Bank, and served as its CEO from 2015 to 2020. Masthaven is a UK challenger bank focusing on savings… Read More

September 27, 2021 @ 7:51 am By Omar Faridi  |  

UK-based MarketFinance, a leading online lender that recently raised £280 million in debt and equity and was approved for flex loans, notes in a blog post that there’s “no denying” that last year was quite tough. However, the MarketFinance team claims that “things are looking up”… Read More

September 27, 2021 @ 7:49 am By Omar Faridi  |  

UK-based digital bank Monzo notes that clients have been able to pay Direct Debits and “standing orders” from a Pot for a while, and now customers may complete card payments as well  – including via Apple Pay and Google Pay. As explained in a blog… Read More

September 27, 2021 @ 7:47 am By Omar Faridi  |  

Greengage announced that it has strengthened its senior leadership team with the appointment of a new Chief Financial Officer. The company has hired former Starling Bank Head of Finance, Brennan Elliott-Jones, in order to accelerates growth of its Gibraltar business operations. Greengage, which intends to… Read More