Tagged: united kingdom

November 25, 2024 @ 9:04 am By Omar Faridi  |  

Modulr, an embedded payments platform, announces its acquisition of Nook, an innovator in accounts payable (AP) automation. Both companies said they aim to address inefficiencies, remove manual steps and improve the overall security of making business payments. These are significant concerns, as highlighted by Modulr’s… Read More

November 23, 2024 @ 5:57 pm By Omar Faridi  |  

Wirex, a Web3 money app, is pleased to announce a global alliance with Banking Circle, a provider of innovative banking services. This collaboration is expected to significantly enhance Wirex’s financial operations across the globe, empowering users with seamless banking solutions. Under the partnership, Banking Circle… Read More

November 23, 2024 @ 5:41 pm By Omar Faridi  |  

Revolut has revealed its 2025 vision, with AI assistant, mortgages, and ATMs reportedly on the horizon. Revolut co-founders Nik Storonsky and Vlad Yatsenko took to the stage at the company’s The Revolutionaries event in London in order to mar 50 million Revolut customers and share… Read More

November 22, 2024 @ 8:46 am By JD Alois  |  

The Bank of England and the Financial Conduct Authority (FCA) have jointly published a report indicating that 75% of financial firms already use artificial intelligence (AI). AI rocketed to public perception following the release of ChatGPT. Consumer development of AI fueled a need for all… Read More

November 21, 2024 @ 10:47 am By JD Alois  |  

Revolut is one of the biggest Fintech success stories in the UK. The digital bank launched in 2013 with a vision to reimagine banking and today reports more than 50 million customers worldwide. In its earliest days, Revolut leveraged online capital formation to raise money…. Read More

November 21, 2024 @ 8:07 am By JD Alois  |  

The private securities market is hot. This market is far larger than public markets as excessive regulation and policies that lack foresight have undermined public markets, pushing activity away.  Reg D issuance is measured in the trillions, and some of these issuers are for private… Read More

November 21, 2024 @ 7:12 am By Omar Faridi  |  

KPMG UK has shared insights following the latest inflation figures. Yael Selfin, Chief Economist at KPMG UK comments on inflation data by noting that headline inflation rises above “target with upward risks to the outlook on the increase” Selfin from KPMG UK added that while the rise… Read More

November 20, 2024 @ 2:08 pm By Omar Faridi  |  

Payhawk, a spend management solution, announced it selected JP Morgan Payments, to improve its payment services for enterprise customers in the UK. Payhawk notes that has worked closely with JP Morgan Payments to enhance its global payment services for enterprise clients. Payhawk expects to enable… Read More

November 20, 2024 @ 8:21 am By JD Alois  |  

The British Business Bank reports that its Growth Guarantee Scheme has now supported more than £250 million of finance to smaller firms. The plan is the successor to the Recovery Loan Scheme. The program provides access to various products like term loans, asset financing, and… Read More

November 19, 2024 @ 8:51 am By Omar Faridi  |  

Wealth intelligence provider, 1fs Wealth, has announced a  partnership with, Apex Group, a financial services company, that will see the group’s clients benefiting from the digital wealth management solutions. Based in London, 1fs Wealth’s AI-powered platform enables wealth owners to consolidate their assets, “control risk,… Read More

November 18, 2024 @ 10:03 pm By Omar Faridi  |  

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

November 18, 2024 @ 11:54 am By JD Alois  |  

Revolut UK CEO has posted that it has been approved for stock trading as the UK Financial Conduct Authority (FCA) has approved a trading license. Francesca Carlesi stated on a blog post: “Today [marks] another important milestone here at Revolut, as our UK trading business… Read More

November 18, 2024 @ 9:21 am By JD Alois  |  

Last week, the UK government shared its National Payments Vision – what policymakers are seeking to do to enable “world leading payments” for the country. The UK is a global Fintech hub and payments are seem as  vital to the growth of the UK economy…. Read More

November 18, 2024 @ 8:52 am By Omar Faridi  |  

Truelayer, which was once a Fintech Unicorn (valued at over $1 billion), has made the decision to cut around a quarter of its workforce. This appears to part of Truelayer’s overall business strategy to substantially lower costs and attempt to move towards profitability in order… Read More

November 17, 2024 @ 6:02 pm By Omar Faridi  |  

The UK Fintech ecosystem has been ranked third in Q3 2024, despite decline in funding, according to an update from Tracxn. Fintech funding in countries across the globe continues to experience shifts in moment due to a wide range of factors including the rise of… Read More

November 16, 2024 @ 6:06 pm By Omar Faridi  |  

Unreleased data reportedly collated as part of Gemini’s 2024 Global State of Crypto Report shows that UK crypto-assets holders remained “undeterred” by market pressures, with 93% of current crypto owners at least “somewhat” likely to buy crypto within the next year. However, UK respondents continued… Read More

November 16, 2024 @ 4:27 pm By Omar Faridi  |  

Starling Bank is aiming to simplify saving with the launch of Easy Saver, a savings account linked to a Starling personal current account. This account offers “penalty-free, immediate” withdrawals, as well as an interest rate of “4% AER / 3.92% GROSS” variable on balances “up… Read More

November 15, 2024 @ 9:51 am By JD Alois  |  

The UK government has announced that the issuance of Gilts will be tested on distributed ledger technology (DLT) in a forthcoming pilot. If the UK issues government bonds using blockchain technology, this could transform how public authorities issue and manage debt offerings. In a speech… Read More

November 15, 2024 @ 9:14 am By JD Alois  |  

The Unicorn Kingdom Pathfinder Awards (UKPA) winners have been announced. Four tech scale-up companies were recognized yesterday at a ceremony hosted by the Department of Business and Trade (DBT). The winners will also participate in a roundtable at No 10 in the near future. Enabling innovation and investment is… Read More

November 14, 2024 @ 11:10 pm By Omar Faridi  |  

Assetz Capital, a funder in the SME residential development market, recently announced a significant milestone with the launch of its new 9.35% development finance rate, aimed at providing house builders, brokers, and landowners with a financing solution “up to 70% LTGDV UK wide.” Credit decisioning… Read More