Tagged: united kingdom

April 4, 2024 @ 8:51 am By Omar Faridi  |  

The British Business Bank has agreed a facility increase that will provide £29.4m of funding to smaller UK businesses, through an existing ENABLE Funding transaction with independent specialist finance provider, Time Finance. The additional funding brings the total small business funding “available through the facility… Read More

April 4, 2024 @ 7:57 am By Omar Faridi  |  

Metro Bank is advising about investment scams which is its Scam of the Month for April – last year the Bank reported over six victims every week. UK Finance reports investment scams at “over £2m per week and Metro Bank has already seen over £4m… Read More

April 4, 2024 @ 5:12 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has announced a limited edition Easter incentive for its Buy-to-Let landlord customers as it reduces rates up to 15bps. The limited edition offer is targeted “at first-time landlords, and offers free valuations on Small HMO properties up to… Read More

April 3, 2024 @ 5:00 pm By JD Alois  |  

While everyone understands that securities will inevitably become digital, policymakers have been slow to provide an ecosystem to support the nuances intrinsic to the transition from analog. Eventually, digital securities will become the dominant sector of digital assets, and clear-cut rules are needed. Today, the… Read More

April 2, 2024 @ 7:35 am By JD Alois  |  

Three big banks – Lloyds Banking Group, Nationwide, and Natwest, along with Rightmove, have invested in the Proptech firm Coadjute. Lloyds Banking Group led the funding round, investing £3 million of the £10 million total raise. This round brings the company’s total raised to £23… Read More

April 2, 2024 @ 7:21 am By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has added to its lending and origination teams with the addition of Business Development Director Imogen Willams and the promotion of Ed Groves to Associate. CapitalRise, which recently benefited from institutional funding commitments, said the new hire… Read More

April 1, 2024 @ 10:13 am By Omar Faridi  |  

A report by professional services firm KPMG has revealed that 115 Scottish firms received over £359 million worth of Venture Capital (VC) investment after being identified as the most promising throughout 2023. The Venture Pulse Survey showed that there was “a marked decline in global… Read More

April 1, 2024 @ 8:55 am By Omar Faridi  |  

Form3, the cloud-native account-to-account platform, launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the firm focused on anti-fraud and financial crime software. The new product is the first solution, “built using fully supervised machine learning, to leverage collaborative… Read More

April 1, 2024 @ 8:48 am By Omar Faridi  |  

The United Kingdom is currently the sixth largest economy globally and the UK tech startup ecosystem ranks third in terms of funding raised in the first quarter of 2024, after the US and China, according to a new report. Tracxn, a global SaaS-based market intelligence… Read More

April 1, 2024 @ 8:46 am By Omar Faridi  |  

The Bank of England and FCA are leading a joint transformation program with industry to transform data collection from the UK financial sector. They published a future strategy for “achieving this, encompassing the regulator’s response to industry’s recommendations.” The Bank of England and the Financial… Read More

April 1, 2024 @ 4:38 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace “facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license… Read More

March 30, 2024 @ 6:37 pm By Omar Faridi  |  

Global fintech SumUp has implemented Confirmation of Payee (CoP) in the UK, as the company takes additional steps to protect merchants and users from bad actors and fraud. CoP is a name-checking service, launched by Pay.UK in 2020, which “validates recipients’ account details before transfers… Read More

March 29, 2024 @ 8:13 am By Omar Faridi  |  

Alchemy Pay has invested in LaPay UK Ltd, a Fintech dedicated to facilitating international business growth for companies. LaPay holds an Authorised Payment Institution (API) License in the UK “with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).” The strategic investment… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More

March 28, 2024 @ 7:07 pm By Omar Faridi  |  

Talos, the provider of institutional digital asset trading technology, announced its integration with TP ICAP’s Fusion Digital Assets, a UK-regulated spot crypto digital assets exchange registered with the Financial Conduct Authority (FCA). The collaboration between Talos and TP ICAP “underscores a shared objective to promote… Read More

March 28, 2024 @ 11:08 am By JD Alois  |  

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

March 28, 2024 @ 8:53 am By Omar Faridi  |  

Clearbank is now a member of the Digital Pound Foundation’s (DPF) community. ClearBank joins the Foundation as “an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.” As a member, ClearBank will have “the opportunity to… Read More

March 27, 2024 @ 10:35 pm By Omar Faridi  |  

A new £75m equity investment fund for Northern Ireland has been officially launched by fund manager Whiterock to address the need for growth funding in the local market. The Growth Capital Fund expects to “make investments of between £1m and £5m for minority shareholdings in… Read More

March 27, 2024 @ 12:12 pm By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer has found that business confidence remains high, with March’s figures unchanged month-on-month at 42%. In a promising sign of a return to economic growth, this month’s survey data reflects the continued confidence firms “have demonstrated so far in 2024 and… Read More