Tagged: united kingdom

July 30, 2021 @ 11:11 am By JD Alois  |  

Earlier this week, a tidal turbine went online generating sufficient power to provide enough electricity for 2000 homes. Towed and anchored off the coast of Scotland, the Orbital O2 is predicted to operate for around 15 years. The project came to fruition with the assistance… Read More

July 30, 2021 @ 7:56 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

July 29, 2021 @ 10:17 am By JD Alois  |  

Pacypay, a payments service provider, has received approval from the UK Financial Conduct Authority (FCA) to operate as an Electronic Money Institution (EMI), according to a note from the company. Pacypay is part of Ronghan International and also includes OnerWay to facilitate payments and transfers…. Read More

July 29, 2021 @ 9:34 am By JD Alois  |  

Global remittances firm RemitONE and Vyne, a payments platform, have partnered up on money transfers. According to a release, the partnership delivers 100+ remittance clients instant access to Vyne’s payment solution, to send remittances globally. Vyne uses Open Banking to move money in real-time between… Read More

July 29, 2021 @ 8:23 am By Omar Faridi  |  

Crowdcube, the European marketplace for shares in private firms, and Crunchbase, an established data platform, have partnered in order to power the “most comprehensive” and transparent platform for private company investment in Europe. Cubex, which officially goes live today (July 28, 2021), will feature “rich”… Read More

July 29, 2021 @ 8:05 am By Omar Faridi  |  

The team at digital bank Revolut notes that they are now closer to 2022 than 2020, so making plans for next year would be a good idea. They also mentioned that July was “generous,” bringing many new products with it, including those related to booking… Read More

July 28, 2021 @ 11:34 pm By Tony Zerucha  |  

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for… Read More

July 28, 2021 @ 11:23 am By JD Alois  |  

Revolut continues to add and announce new features at an aggressive pace. Today, the neobank is adding Restaurant rewards – a cashback feature that Revolt says may include up to 30% cashback after paying a tab at a UK restaurant. The new Restaurant Rewards are… Read More

July 27, 2021 @ 3:43 pm 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 in a blog post published on Monday (July 26) that for the week ending July 26,… Read More

July 27, 2021 @ 11:55 am By Omar Faridi  |  

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

July 27, 2021 @ 7:54 am By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, says it’s no secret that there’s been an “unprecedented construction material shortage this year,” in the United Kingdom and few would have “forecast the near-perfect storm that has swept through the sector.” The… Read More

July 27, 2021 @ 7:50 am By Omar Faridi  |  

UK-based digital bank Starling has confirmed the acquisition of specialist buy-to-let mortgage lender Fleet Mortgages as part of a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, focuses on offering mortgages to professional and semi-professional buy-to-let landlords, “only via mortgage adviser distribution… Read More

July 26, 2021 @ 3:20 pm By Omar Faridi  |  

Updated plans to put the United Kingdom at the front of the global innovation race have been shared by the Department of Business, Energy & Industrial Strategy, the UK Research and Innovation unit as well as other organizations and individuals. Released on July 22, 2021,… Read More

July 26, 2021 @ 10:22 am By Omar Faridi  |  

Digital bank Zopa will be working with JPMorgan which will serve as an advisor on a £100 million funding round. This, according to a report from Sky News, which noted that investors who have been approached regarding the investment round have been considering a £500… Read More

July 26, 2021 @ 9:21 am By JD Alois  |  

The Coalition for a Digital Economy (Coadec), an organization created to promote the UK as the top European startup ecosystem, has published a paper on the fast-growing Buy Now, Pay Later (BNPL) sector of Fintech. Entitled Regulate Credit Now, Reform it Later, Coadec says the credit… Read More

July 26, 2021 @ 8:12 am By Omar Faridi  |  

UK’s Starling Bank recently shared its trading update for the quarter to 30 June 2021 and its report and “accounts for the period ending 31 March 2021.” The results, released by Starling on July 22, 2021, demonstrate “strong and responsible growth, continued profitability and a… Read More

July 26, 2021 @ 8:10 am By Omar Faridi  |  

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More

July 25, 2021 @ 11:06 pm By Omar Faridi  |  

The team at Magnetto, which aims to challenge the traditional retail model by automating the checkout process, has raised £179,651 of its £150,000 target from 157 investors via Crowdcube. Magnetto reports a £2,367,720 pre-money valuation, a 7.05% equity, and a £0.90 share price. The company… Read More

July 25, 2021 @ 10:16 pm By Omar Faridi  |  

Safe Security, a Palo Alto-headquartered cyber risk management company established in 2012, recently acquired $33 million in capital via a round that was led by BT Group Plc, which is notably one of the United Kingdom’s largest telecommunications and network service providers. Safe Security, with… Read More

July 25, 2021 @ 5:25 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning regarding CoinBurp and the pending issuance of the $Burp Token. CoinBurp states that it currently operates a CeFi platform, but they are developing an ETH-based DeFi wallet. While the name alone may cause some potential… Read More