Tagged: united kingdom

January 21, 2025 @ 8:21 am By Omar Faridi  |  

The number of UK sectors reporting falling output rose to 11 in December 2024, up from eight in November, and the highest number since September 2023, according to data from the latest Lloyds UK Sector Tracker. The number of sectors with growing demand was “one… Read More

January 21, 2025 @ 8:08 am By Omar Faridi  |  

UK’s online pension provider PensionBee recently shared comments following the appointment of Torsten Bell MP as Pensions Minister. Lisa Picardo, Chief Business Officer UK of PensionBee, commented: “We welcome the new Pensions Minister to his new role. With his extensive experience in public policy, we’re… Read More

January 21, 2025 @ 8:06 am By Omar Faridi  |  

Paysend is pleased to share a major milestone with clients: 10 million consumer customers worldwide. According to an update from Paysend, this achievement marks a significant step in their journey to simplify cross-border payments and “create seamless financial connections for everyone, everywhere.” When they started… Read More

January 20, 2025 @ 9:05 am By JD Alois  |  

Fundment, a platform for financial advisors targeting High Net Worth (HNW) individuals, has raised £45 million in Series C funding. Fundment was founded by former Blackrock asset manager Ola Abdul. His goal is to leverage proprietary technology that improves the operations of the 500+ firms… Read More

January 20, 2025 @ 8:02 am By Omar Faridi  |  

A report by the UK Startup Awards, supported by Starling Bank, has fired the starting pistol for those looking to launch or join a startup business in the new year. The ‘UK Startup Report 2024’ is based on a survey of “over 1,176 businesses under… Read More

January 19, 2025 @ 10:18 am By Omar Faridi  |  

ClearBank the enabler of real-time clearing and embedded banking, today announced its partnership with Airwallex, a payments and financial platform for businesses. Through this collab, Airwallex will leverage ClearBank’s agency banking solution to “enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of… Read More

January 19, 2025 @ 10:16 am By Omar Faridi  |  

Agant, creator of a new GBP stablecoin (GBPA), has selected Archax, the regulated digital asset exchange, broker and custodian, as its partner to handle the custody of its underlying assets. The British pound digital currency will initially be available on the Ethereum, Avalanche and Solana… Read More

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

January 17, 2025 @ 10:26 am By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK noted that the UK economy emerges from downturn while “risks of further headwinds rise.” Yael Selfin from KPMG also mentioned the UK GDP returned to growth after two consecutive months of decline, with “growth potentially accelerating in 2025.” They… Read More

January 17, 2025 @ 7:37 am By Omar Faridi  |  

PensionBee, a firm focused on the consumer retirement market, has launched its new Climate Plan that sets a “clear” standard for climate-focused pensions. UK’s PensionBee explained that this plan not only excludes fossil fuel producers but also “commits to continually reducing the total intensity of… Read More

January 15, 2025 @ 11:32 pm By JD Alois  |  

Juno Technologies says it has raised $1 million to pursue its artificial intelligence service that aims to improve loan processing for small firms. Fuel Ventures led the funding round with contributions from Zinc and other Angel investors. Juno AI is described as a generative AI… Read More

January 15, 2025 @ 11:07 pm By JD Alois  |  

UK inflation (Consumer Prices Index including owner occupiers’ housing costs – CPIH) declined slightly in an unexpected development. Inflation was measured at an annual rate of 2.5% in December, down from November at 2.6%. On a monthly basis, the consumer price index rose by 0.3%… Read More

January 15, 2025 @ 12:23 pm By JD Alois  |  

It’s been a tough few years with challenging inflation, high interest rates, and tepid capital markets. While there are many indications the world has turned the corner, for Fintechs and access to capital, 2024 was a dismal year. Innovate Finance, a UK association that advocates… Read More

January 15, 2025 @ 12:05 pm By Omar Faridi  |  

The North East and London were once again the two “standout performers” in terms of regional business activity growth in December, according to the latest NatWest UK Regional Growth Tracker. Higher business activity was recorded in “three of the 12 nations and regions in December.”… Read More

January 15, 2025 @ 8:07 am By Omar Faridi  |  

The UK’s small and medium-sized businesses are bracing for cost increases this year, according to new research from iwoca – one of Europe’s SME lenders. iwoca’s SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of… Read More

January 14, 2025 @ 8:57 am By JD Alois  |  

The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central bank digital currency. A consultation paper outlined the framework as a precursor to a possible digital currency. The update by the Bank is said… Read More

January 14, 2025 @ 7:55 am By JD Alois  |  

Zodia Custody has announced a partnership with Kiln, a digital asset rewards management platform. Incubated by Standard Chartered, Zodia Custody focuses on institutions. The company is also associated with Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The partnership aims to offer institutional… Read More

January 14, 2025 @ 7:29 am By Omar Faridi  |  

Revolut, the global financial super-app, is making significant strides in its mission to redefine and reimagine modern financial services. With its latest product offering tailored for wealth management and private clients, the Fintech company is positioning itself as a solution for individuals seeking sophisticated financial… Read More

January 12, 2025 @ 9:13 pm By Omar Faridi  |  

dLocal, the payment platform connecting merchants to emerging markets, announced it has been granted the Authorized Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This positions dLocal to offer payment services in the UK, bolstering its commitment to compliance and… Read More

January 10, 2025 @ 4:45 pm By Omar Faridi  |  

Zellis, part of the Zellis Group, announces a definitive agreement to acquire elementsuite, an AI-enabled HR software company. As part of the transaction, elementsuite will be combined with Zellis, the provider of payroll and HR software to the UK and Ireland, “creating an end-to-end AI-powered… Read More