Tagged: united kingdom

July 17, 2025 @ 8:41 am By Omar Faridi  |  

Funding Circle (LSE: FCH), a UK-based SME finance platform, has received a £200 million forward flow agreement with Deutsche Bank. Deutsche Bank, a funder on the Funding Circle platform for more than 10 years now, is said to strengthen its commitment to enabling UK-based SMEs… Read More

July 17, 2025 @ 1:34 am By Omar Faridi  |  

NiCE (NASDAQ: NICE) says that Aberdeen Group, a UK-based global investment management firm headquartered in Edinburgh, has selected NiCE Actimize’s X-Sight Suspicious Activity Monitoring (SAM) and Watch List Screening solutions as part of its financial crime operations. These are part of NiCE Actimize’s advanced “portfolio of… Read More

July 16, 2025 @ 3:40 pm By Omar Faridi  |  

Digital bank OakNorth has provided $79 million of new funding to New York-based lending platform S3 Capital. Founded in 2013 by Joshua Crane and Robert Schwartz after they recognized a significant “lack of institutional quality, middle market construction lenders in NYC, the firm has since… Read More

July 16, 2025 @ 9:49 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has appointed Raj Mody as a Trustee Director of the Smart Pension Master Trust Board, taking on the role of Chairman from 1 September 2025. Raj brings  a wealth of experience in “the pensions industry, spanning… Read More

July 16, 2025 @ 9:31 am By JD Alois  |  

The UK Office for National Statistics reported today that the Consumer Prices Index (CPI) rose by 3.6% in the 12 months to June 2025, up from 3.4% in the 12 months to May.  Expectations had been for the rate to remain unchanged. Core CPI (CPI… Read More

July 16, 2025 @ 8:59 am By Omar Faridi  |  

OakNorth, a digital bank for entrepreneurs, has provided a $53m loan to DAC Developments and Melrose Ascension Capital. Founded in 2016, DAC Developments is a Chicago-based real estate development company “with a focus on multifamily residential and mixed-use ground up developments.” With 85 projects completed… Read More

July 16, 2025 @ 8:56 am By Omar Faridi  |  

PensionBee, a Fintech in the consumer retirement market, is calling again for the urgent introduction of a legally mandated 10-day pension switch guarantee, as new consumer research “reveals the UK’s pension transfer system is failing millions of savers.” Ending Pension Purgatory builds on this year’s… Read More

July 15, 2025 @ 9:07 am By Omar Faridi  |  

Panda, as described in a blog post from Crowdcube, is an upcoming Fintech platform for students & hospitality fans, aiming to blend “real-time discovery of restaurants, bars and venues with flexible credit” via Panda Credit. The company aims to streamline “how people find & pay… Read More

July 15, 2025 @ 8:31 am By Omar Faridi  |  

Uncertainty over the business outlook and budget constraints led companies to reduce their hiring activity again in June, according to the latest KPMG and REC UK Report on Jobs survey, compiled by S&P Global. Permanent staff appointments fell at the steepest rate “for nearly two… Read More

July 15, 2025 @ 1:34 am By Omar Faridi  |  

The UK financial services sector is undergoing a transformative period, with recent developments highlighting efforts to foster inclusivity, innovation, and resilience. Key updates from UK Finance underscore initiatives like the Investing in Women Code, advancements in payment systems, IT challenges, compliance with the EU’s Digital… Read More

July 14, 2025 @ 10:28 pm By Omar Faridi  |  

The Bank of England has announced a comprehensive review to ensure continued access to physical currency, particularly for the most vulnerable members of society. This decision comes amid reports that some Britons, especially those reliant on cash for daily transactions, are increasingly facing challenges as… Read More

July 14, 2025 @ 6:13 pm By Omar Faridi  |  

Lloyds Bank is reportedly engaged in advanced discussions to acquire Curve, a UK-based Fintech company, for approximately £120 million. Curve is also a company that pursued securities crowdfunding, raising money online during its earlier days. According to sources cited by Sky News, the deal could… Read More

July 14, 2025 @ 9:52 am By JD Alois  |  

Checkout.com, a UK-based Fintech, is expanding its footprint with an expansion into Canada. The company is already operating in the US. The company added that it has also had a leadership “refresh.” Zack Levine has been appointed as Head of Revenue for North America (NORAM)…. Read More

July 14, 2025 @ 8:55 am By Omar Faridi  |  

The Bank of England (BoE) has been active in July 2025, releasing critical updates on financial stability, regulatory adjustments, and public engagement efforts. These initiatives reflect the BoE’s commitment to maintaining a resilient financial system while addressing economic challenges and fostering innovation. Below, we touch… Read More

July 14, 2025 @ 8:42 am By Omar Faridi  |  

ComplyControl, a provider of AI-driven solutions for banks and financial institutions, is pleased to announce that it has officially become an Associate Member of UK Finance, the trade association for the UK financial services sector. ComplyControl made its entry into the UK market in 2024,… Read More

July 14, 2025 @ 8:35 am By Omar Faridi  |  

The Bank of Ireland released significant updates that underscore its role in supporting Ireland’s economic resilience and educational advancement. The first report highlights the strength of consumer spending in Ireland during June, driven by favorable economic conditions and evolving consumer behavior. The second announcement details… Read More

July 14, 2025 @ 12:12 am By Omar Faridi  |  

The Financial Conduct Authority (FCA)’s annual report sets out how it has used data and technology to crack down on harm in financial services. As part of the report, the FCA shares that over 1,600 websites suspected of promoting financial services without permission were suspended, removed,… Read More

July 13, 2025 @ 4:00 pm By Omar Faridi  |  

In a significant policy reversal, UK Chancellor Rachel Reeves has paused plans to reduce the tax-free allowance for cash Individual Savings Accounts (ISAs), following fierce opposition from building societies, banks, and consumer advocates. The decision, reported by multiple sources including the BBC and Financial Times,… Read More

July 12, 2025 @ 8:23 am By Omar Faridi  |  

Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its intended acquisition of WealthKernel, a wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, “supporting their global expansion to achieve… Read More

July 11, 2025 @ 7:51 am By Omar Faridi  |  

Data and technology company Experian and household decision platform RVU announce a new agreement that will help even more consumers access the right financial products for their circumstances. RVU, home to brands including Confused.com, Uswitch, and money.co.uk, will utilise Experian’s Eligibility Solution to “further enhance their customers’ ability to… Read More