Tagged: united kingdom

May 5, 2021 @ 4:11 pm By JD Alois  |  

Ziglu, an app-based service facilitating crypto purchases and transfers, says the number of customers has doubled during the lockdown. Ziglu, founded by Starling Bank co-founder Mark Hipperson, aims to provide a digital bank-like experience for the fast-growing crypto-asset sector. In 2020, Ziglu emerged as the… Read More

May 5, 2021 @ 3:27 pm By Samantha Hurst  |  

  TheCarCrowd, a UK-based “passion asset” investment platform for cars, is set to close its equity crowdfunding campaign on Seedrs with nearly £300,000 raised. The funding round, which launched last month, has attracted more than 220 Seedrs investors.  As previously reported, TheCarCrowd claims it is building the… Read More

May 5, 2021 @ 9:52 am By JD Alois  |  

Backbase, a digital banking service provider, has renewed its partnership with UK retail bank Metro Bank (LSE:MTRO). According to a release, Backbase will be providing dedicated digital innovation support for Metro Bank’s business banking customers. Metro Bank agreed to an extension five years after Backbase… Read More

May 5, 2021 @ 8:21 am By Omar Faridi  |  

UK-based Fintech firm Lanistar, the much-hyped and controversial business venture that has previously claimed it’s owned by some of the “world’s most influential people,” has revealed that it’s managed to acquire the FCA’s approval to serve as an Electronic Money Directive (EMD) agent of payments… Read More

May 5, 2021 @ 8:16 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 in a blog post published on Tuesday (May 4, 2021) that digital asset investment products saw… Read More

May 4, 2021 @ 9:44 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has proposed (on May 4, 2021) updated rules that will require pension providers to “nudge” consumers to Pension Wise so they can benefit from guidance prior to accessing their defined contribution pension savings. This reportedly includes booking an appointment… Read More

May 4, 2021 @ 9:27 am By JD Alois  |  

B-North, the Manchester-based Fintech building an SME lending bank for the UK, has topped its £500,000 target on GrowthFunders. As it stands today, B-North has raised £560,598 backed by 48 online investors as well as 27 professional investors. The Series A “bridge stub round” is… Read More

May 3, 2021 @ 7:34 pm By Omar Faridi  |  

The team at UK-based Blockchain.com, a leading crypto wallet, trading platform, and block explorer service, notes that as the crypto community grows and digital currency adoption also gains speed, educational resources like the ones prepared by 99 Bitcoins will be “key to help usher in… Read More

May 3, 2021 @ 3:16 pm By Samantha Hurst  |  

  Zvilo, a UK-based challenger banking startup, has quickly surpassed its initial £200,000 funding target through its equity crowdfunding campaign on Seedrs.  The funding round, which recently made its debut on the platform, has already attracted more than 100 Seedrs investors. Founded in 2019, Zvilo stated it… Read More

May 3, 2021 @ 7:53 am By Omar Faridi  |  

The Coronavirus crisis has accelerated digital transformation across the world, including the APAC region, which has resulted in many bank branch closures. There’s also been a significant increase in retail banking activities that’s supported by all-digital challenger banks. These virtual banks are digital-first and are… Read More

May 2, 2021 @ 3:27 pm By Omar Faridi  |  

The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More

May 1, 2021 @ 9:17 pm By Omar Faridi  |  

The UK has reached a key stage for the ongoing development of Open Data initiatives.  The Open Banking Implementation Entity (OBIE) is now nearing the completion of creating Open Banking guidelines and the Competition and Markets Authority (CMA) has finalized a consultation on the updated… Read More

May 1, 2021 @ 7:16 pm By Omar Faridi  |  

The Prudential Regulation Authority (PRA), a United Kingdom financial services regulatory body that’s responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms, has released a discussion paper that looks into developing a simpler and resilient prudential… Read More

May 1, 2021 @ 7:10 pm By Omar Faridi  |  

UK-based Fintech Cashplus, which recently received approval to become a regulated bank after operating as an e-money institution for many years, has expanded its board by welcoming Francesca Shaw as a non-executive director. Shaw will also serve as Chair of the digital bank’s audit committee… Read More

May 1, 2021 @ 3:56 pm By Omar Faridi  |  

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

April 30, 2021 @ 12:05 pm By Omar Faridi  |  

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

April 30, 2021 @ 11:24 am By JD Alois  |  

DeFi firm Dispersion Holdings has commenced trading of its shares on the Aquis Stock Exchange Growth Market (AQSE). Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK… Read More

April 30, 2021 @ 11:07 am By Omar Faridi  |  

Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More

April 30, 2021 @ 9:49 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, has acquired skew, a UK-based data analytics firm in the digital asset sector. Terms of the deal were not revealed and the transaction is expected to close next month following typical closing conditions. Founded in London… Read More

April 30, 2021 @ 9:13 am By Omar Faridi  |  

London-based IOWArocks, the international marketplace for data, technology, and services, has reportedly added First To Invest to their platform. First To Invest leverages Big Data and natural language processing (NLP) technologies to gather, structure, and share key events related to public, private firms, and specific… Read More