Tagged: united kingdom

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

April 30, 2021 @ 7:50 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes in a blog post that Brexit and the COVID-19 outbreak have had “dramatic effects on the price of shipping.” MarketFinance adds that if your business uses suppliers that are based in other… Read More

April 29, 2021 @ 11:47 pm By Omar Faridi  |  

Thought Machine, a company that builds Cloud-native technology for banks, has reportedly integrated Wise‘s (formerly doing business as TransferWise) global money transfer platform into its core banking engine, Vault. The integration should allow Thought Machine‘s banking and Fintech clients the option to use Wise’s fast… Read More

April 29, 2021 @ 10:27 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, says its goal has always been to offer investors and advisors with the data required to “optimize” how the world’s capital is “put to work.” The Addepar team noted in a recent… Read More

April 29, 2021 @ 2:01 pm By Samantha Hurst  |  

    Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More

April 29, 2021 @ 11:30 am By Samantha Hurst  |  

Alphagreen, a European CBD marketplace, has raised nearly £1.7 million through its equity crowdfunding campaign on Seedrs.  Founded in 2019, Alphagreen Group describes itself as a high-growth technology and pharmaceutical trading business. “Alphagreen Group works with top Cannabis brands globally to sell high-quality non-psychoactive products (e.g…. Read More

April 29, 2021 @ 10:48 am By JD Alois  |  

Following a Call for Input (CFI) that sought feedback on the promotion of consumer investments, the UK Financial Conduct Authority (FCA) has published its proposal designed to safeguard retail investors.  The proposals in the Discussion Paper (DP) may impact new asset classes such as investment… Read More

April 29, 2021 @ 8:35 am By Omar Faridi  |  

Almost three-quarters or 75% of financial institutions have reported an increase in cybercrime activities since the Covid-19 outbreak (around February 2020), according to a survey released by BAE Systems. The survey of 902 banking institutions and insurance providers, based in the US and the UK,… Read More

April 29, 2021 @ 8:30 am By Omar Faridi  |  

London-based Fintech firm Paymentsense, which helps small businesses take card payments, has published a 2021 UK job market report that covers how the COVID-19 outbreak has led to new business growth. During the past year, UK residents have beeen investing in their “ambitions,” by launching… Read More

April 29, 2021 @ 7:22 am By Omar Faridi  |  

London-based WorldRemit, a global cross-border payments firm, reveals that it has been recognized for having the “best app” for international money transfers. Investopedia has reportedly named WorldRemit as the ‘Best for International Transfers’ as part of its ‘Best Money Transfer Apps of 2021’ awards. The… Read More

April 28, 2021 @ 8:18 am By JD Alois  |  

Digital bank Revolut has updated its banking app to version 8.0. The Fintech says the new version delivers a more simplified and customizable experience for its 15+ million users. A key feature of the app is a new hub that allows users to browse all… Read More