Tagged: united kingdom

October 22, 2024 @ 11:14 pm By Omar Faridi  |  

UK Finance has shared a Half Year Fraud Report 2024. According to the latest update from UK Finance, fraud continues to pose a major “threat” to the United Kingdom as well as potentially cause “serious harm’ to individuals and society in general. During the first… Read More

October 22, 2024 @ 3:24 pm By Omar Faridi  |  

Robinhood Markets (Nasdaq: HOOD) has launched margin investing in the United Kindom. Robinhood Markets noted that their “competitive” rates for UK customers range from 5.2% to 6.25%. At Robinhood Markets, they claim to be empowering customers with the tools they need to navigate the financial… Read More

October 22, 2024 @ 11:15 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has recently shared a comprehensive update on crypto-asset registrations processes, which are said to be focused on building strong foundations. The FCA noted in its extensive update that quite often, they are asked about the number of companies they… Read More

October 22, 2024 @ 8:32 am By JD Alois  |  

US-based Pipe is expanding into the UK by collaborating with GoCardless. Pipe is a Fintech that makes financial tools accessible to smaller firms, including embedded financing. GoCardless is a global payments firm with over 100,000 businesses, from start-ups to household names. Under the partnership, Pipe’s… Read More

October 22, 2024 @ 8:11 am By Omar Faridi  |  

LendInvest (AIM: LdINV) has reportedly secured a £300 million financing syndicate with BNP Paribas, Barclays, and HSBC. LendInvest, the UK’s platform for property finance, has recently confirmed the renewal of its £300 million revolving warehouse financing agreement with BNP Paribas, Barclays Bank PLC, as well… Read More

October 21, 2024 @ 10:32 pm By Omar Faridi  |  

PropertyLoop enables landlords to find tenants, manage their properties and then remain compliant all in one place. PropertyLoop has raised £311,007 from 70 investors (at the time of writing) of its £350,000 target via Republic Europe (previously doing business as Seedrs). There are, at the… Read More

October 21, 2024 @ 11:16 am By JD Alois  |  

Global Fintech Wise (LSE:WISE) says it has expanded its global regulatory footprint as it provides transfers and payments around the world. Wise, based in the UK, has long been a top Fintech that streamlines the process of moving money around the world – typically faster… Read More

October 21, 2024 @ 9:07 am By Omar Faridi  |  

The UK is set for a considerable market shift with the Accelerated Settlement Taskforce, Technical Group report aiming to transition to a T+1 settlement cycle by the end of the year 2027. Jonny Fry, ClearBank Head Digital Assets Strategy, noted that this anticipated move will… Read More

October 21, 2024 @ 8:56 am By Omar Faridi  |  

HSBC UK announced it is making its UK mortgages accessible for international homebuyers by introducing tech that makes it easier for customers to leverage their credit history for their UK mortgage application. With newcomers to the UK and global customers facing various challenges and delays… Read More

October 21, 2024 @ 8:33 am By Omar Faridi  |  

Investa is raising funds via Crowdcube. The firm explains that it has built the UK’s first zero-commission listed options trading app for on-the-go traders. Established by ex-Citi options brokers, and reportedly built by the co-founder of Freetrade, Investa intends to level the playing field by… Read More

October 21, 2024 @ 8:28 am By Omar Faridi  |  

Behavioral biometrics and device intelligence technology enables businesses to analyZe all customer interactions to better identify suspicious behavior. Experian UK&I announces a partnership with lead behavioral biometrics and device intelligence-based fraud prevention. As online attacks and scams become increasingly sophisticated with the use of GenAI… Read More

October 19, 2024 @ 4:18 pm By Omar Faridi  |  

Activity at small and medium-sized businesses fell “marginally” in September, while new work and employment numbers continued to grow, the NatWest SME Growth Tracker has revealed. The NatWest UK SME Business Activity Index – which aims to effectively measure MoM changes in the output of… Read More

October 18, 2024 @ 9:44 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has recently announced that the Crystal Trust, acquired from Evolve Pensions this past year, has been consolidated into the Smart Pension Master Trust. Evolve Pensions provided workplace pension services via their master trust, the Crystal Trust… Read More

October 17, 2024 @ 8:23 am By Omar Faridi  |  

Tide, the UK’s business financial platform, has partnered with Adyen (ADYEN:AMS), the global financial technology platform for businesses, in order to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on… Read More

October 16, 2024 @ 11:07 am By JD Alois  |  

At the end of this month (October 30), the Labour government will reveal its economic plan during the Autumn Budget presented to Parliament. The Chancellor of the Exchequer, Rachel Reeves, who has been in charge since this past July, will share how Labour will address… Read More

October 16, 2024 @ 7:19 am By Omar Faridi  |  

Zopa Bank has reportedly teamed up with John Lewis Money, the financial services arm of John Lewis Partnership, in order to provide personal loans to its 23 million customers. The partnership will see Zopa embed in the John Lewis Money website its personal loan product,… Read More

October 15, 2024 @ 11:34 am By JD Alois  |  

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

October 14, 2024 @ 8:00 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has reportedly provided a £2.25m loan to a new joint venture between Dukesmead Property Group, Kyte Property and returning customer, Grosvenor Hill. Established back in 2019, and led by a senior Management team, including Rodney Bishop, Dukesmead… Read More

October 14, 2024 @ 7:55 am By Omar Faridi  |  

Innovate Finance, the industry body representing the Fintech community in the UK, and Vested Impact have released The Fintech Impact Report 2024, prepared in collaboration with Accenture, assessing the impact UK FinTech has on the “economy and society.” This latest report measures the Fintech ecosystem’s… Read More