Tagged: united kingdom

December 18, 2024 @ 8:57 am By Omar Faridi  |  

KPMG UK has commented on the recently released UK GDP data. Yael Selfin, Chief Economist at KPMG UK, noted: “GDP growth stalls amid growing uncertainty. GDP growth remained disappointing, showing no progress for five consecutive months, due to weaker activity across a broad swathe of the… Read More

December 17, 2024 @ 11:00 am By JD Alois  |  

Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and transfers and now offers additional banking features. Morgan Stanley is a prominent investment bank and… Read More

December 15, 2024 @ 9:45 am By Omar Faridi  |  

Salad Money says that its Salad Technologies, part of the Salad group, has been approved by the UK’s FCA as an official Account Information Services Provider (AISP). The accreditation means Salad can access applicants’ Open Banking data directly rather then through a licensed third party…. Read More

December 13, 2024 @ 8:08 am By Omar Faridi  |  

London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a “total consideration of €455 million.” TCorp is the financial services partner of the New South Wales government. J.P. Morgan and… Read More

December 11, 2024 @ 10:38 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

December 11, 2024 @ 9:52 am By JD Alois  |  

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

December 10, 2024 @ 12:01 pm By JD Alois  |  

The UKCFA (UK Crowdfunding Association) recently sent a letter to Tulip Siddiq, the Economic Secretary to the Treasury and City Minister, slamming the government for excessive regulations which are crippling the securities crowdfunding industry. It has been widely reported that Bruce Davis, Chair of the UKCFA,… Read More

December 10, 2024 @ 11:27 am By JD Alois  |  

SyndicateRoom, an online investment platform that aims to generate solid returns by investing in private securities, has announced its Carbon13 SEIS Fund VII. Now available, the targeted fund seeks to  invest in pre-seed companies that businesses that focus on “Earth’s vital life support systems.” Each… Read More

December 10, 2024 @ 8:41 am By Omar Faridi  |  

UK’s PensionBee noted that pension funds could be headed for another year of strong returns in 2025, according to predictions from investment banks, including JP Morgan, Morgan Stanley, and Bank of America. PensionBee explained in a blog post that the bull run in US stocks is expected to continue while other… Read More

December 10, 2024 @ 8:13 am By Omar Faridi  |  

GFO-X announces ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as partners ahead of launch in Q1 2025. GFO-X is the UK’s regulated and centrally cleared trading venue dedicated to digital asset derivatives. GFO-X has been working with these partners to deliver the… Read More

December 9, 2024 @ 5:41 am By Tony Zerucha  |  

The British Business Bank increased its ENABLE Funding commitment to Simply Asset Finance, a UK independent asset finance provider. It allows Simply Asset Finance to provide more than £175 million of finance to smaller businesses across the UK. A portion of the funding has been… Read More

December 8, 2024 @ 11:06 pm By Omar Faridi  |  

Revolut UK is focused on building out its Board with two senior appointments. The update from the digital bank comes as Revolut is working through the mobilization period for its UK Bank. According to the announcement from Revolut, Fiona Fry and Sir Peter Estlin join… Read More

December 7, 2024 @ 12:06 pm By Omar Faridi  |  

PrimaryBid, the capital markets technology platform, has facilitated the placing of over £125 million of new investor capital into UK Treasury Bills since launching its Retail Eligible Debt Capital Market Service earlier in 2024. This marks an evolution in UK investor access to products that… Read More

December 6, 2024 @ 9:02 am By Omar Faridi  |  

UK Finance released its Household Finance Review for Q3 2024, which explores trends in household spending, saving, and borrowing. According to the update from UK Finance, mortgage lending grew for the second successive quarter, rising by “15 per cent year-on-year, despite the continuing affordability challenges… Read More

December 6, 2024 @ 8:59 am By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to enhance the brokerage ecosystem, announced the launch of Clear Street UK, following recent Financial Conduct Authority (FCA) approval. Clear Street UK was reportedly approved as a Category 1, Ring-dealing member by the London Metal… Read More

December 6, 2024 @ 8:51 am By Omar Faridi  |  

Digital bank Zopa reports that it has raised just more than €80 million (GBP £68 million) in an equity funding round that has been led by A.P. Moller Holding, along with participation from existing investors. A.P. Moller Holding is reportedly one of the largest direct… Read More

December 5, 2024 @ 12:19 pm By JD Alois  |  

Payments Fintech Zilch has distributed information on Black Friday shopping activity. Zilch, based in the UK, is “direct-to-consumer, ad-subsidised payments network (ASPN).” Black Friday is one of the largest consumer purchasing dates of the year. Zilch reports that Black Friday saw its sales more than… Read More

December 5, 2024 @ 8:34 am By Omar Faridi  |  

NatWest Group is reportedly set to launch its Fintech Growth Program, an opportunity for fintech startups to use the resources, expertise and networks of a high-street bank to help them scale-up in a sustainable manner. The program reportedly supports NatWest’s goal of leading the future… Read More

December 4, 2024 @ 8:29 am By Omar Faridi  |  

MORS Software, a firm focused on Treasury, ALM and Liquidity Risk Management solutions, is pleased to announce its latest partnership with Monument Bank, a digital bank based in the United Kingdom. This collaboration signifies Monument Bank’s adoption of MORS Treasury Management System, a solution designed… Read More

December 3, 2024 @ 11:47 pm By Omar Faridi  |  

The Lloyds Business Barometer has recently found that UK business confidence fell in November, with the index reportedly sliding three points to 41%. Above the long-term average of 29%, the notable change followed a period of sustained “positivity” from UK based businesses, as confidence reached… Read More