Tagged: united kingdom

October 31, 2024 @ 10:32 am By Omar Faridi  |  

Upvest is working with Revolut so that the digital banking platform can expand its wealth and trading product offering by introducing ETFs and fractional European stocks for the first time. In the 6 months since integrating Upvest’s Investment API, Revolut has launched investment products with… Read More

October 30, 2024 @ 3:13 pm By JD Alois  |  

In the Autumn Statement delivered by Chancellor of the Exchequer Rachel Reeves today, the UK government delivered on an expectation for an increase in taxes. The Chancellor is the first female to deliver a budget in the UK’s history. In total, the government anticipates about… Read More

October 29, 2024 @ 11:49 am By JD Alois  |  

An increase in capital gains taxes (CGT) is anticipated to be announced at this week’s Autumn Statement. This will impact investments in firms and may undermine support of early-stage ventures. This much is clear. Today, we have two more executives adding their voices to the… Read More

October 29, 2024 @ 10:52 am By JD Alois  |  

BCB Group has announced a “multi-currency solution leveraging stablecoins” designed to consolidate payments from different cryptocurrencies along with fiat into a single account. The new offering is being described as “stablecoin payments on steroids.” BCB is a payments provider that offers a digital wallet along… Read More

October 29, 2024 @ 10:00 am By Omar Faridi  |  

Quantexa, a global enabler of Decision Intelligence (DI) solutions for the public and private sectors, announced that it has surpassed $100 million in annual recurring revenue (ARR). This update sees Quantexa achieve Centaur status, thus joining a group of SaaS businesses recognized in this category… Read More

October 29, 2024 @ 7:36 am By Omar Faridi  |  

A report from MillTechFX has revealed that 83% UK corporates have had their finances impacted by the stronger pound. Although half of these companies saw positive outcomes, the other 50% experienced “negative financial impacts,” highlighting the intricate effects of currency “fluctuations on business performance.” The MillTechFX… Read More

October 28, 2024 @ 11:07 pm By Omar Faridi  |  

The extensive half-yearly complaints data has recently been released for H1 2024 by the Financial Ombudsman Service (FOS). They publish data every six months showing the number and outcome of the complaints they “handle about financial businesses.” This half-yearly data from the Financial Ombudsman Service… Read More

October 28, 2024 @ 2:50 pm By Omar Faridi  |  

More than three quarters (76%) of financial services professionals across the UK are planning to increase office attendance in the next 12 months, according to new research from KPMG UK. The survey, shared by KPMG UK, of 150 executives working across banking, insurance, asset and… Read More

October 28, 2024 @ 10:38 am By JD Alois  |  

The Autumn Statement, the event where the UK government outlines its forthcoming budget and associated programs, is scheduled for Wednesday, October 30th. Expectations are for the Labour government to increase certain taxes as it aims to close a gap in funding. CI has received multiple… Read More

October 28, 2024 @ 6:33 am By Omar Faridi  |  

UK based startups are managing to stay ahead of Germany and China in terms of total funding raised during Q3 2024. This, despite an overall decline, according to Tracxn Research. Tracxn’s latest analysis of the UK tech funding landscape reveals a number of  key /… Read More

October 27, 2024 @ 4:42 pm By Michael Wong  |  

SEPA Cyber Tech Group Holding Ltd., a prominent technology developer and venture capital firm based in London, has rebranded its financial technology division as FinHub and unveiled an ambitious financial super platform under the same name. FinHub’s newly launched platform is designed to meet the… Read More

October 25, 2024 @ 11:26 am By JD Alois  |  

CI has received multiple comments on next week’s Autumn Budget presentation, which will outline Labour’s plan for the UK economy. We have received multiple comments pertaining to expectations that certain taxes are poised to increase. Higher taxes like the CGT will directly undermine the innovation… Read More

October 25, 2024 @ 8:29 am By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics, is announcing a partnership with Miller, which is one of the an independent specialist (re)insurance broker. Miller will reportedly be licensing CyberCube’s Broking Manager and Prep Module, tools that are expected to significantly strengthen the broker’s ability to… Read More

October 24, 2024 @ 10:05 pm By Omar Faridi  |  

The UK’s Pensions Minister has recently announced a prioritization of the Moneyhelper Dashboard launch, with a further delay to the launch of commercial dashboards. Becky O’Connor, Director of Public Affairs of PensionBee, commented that while it’s encouraging to see the UK Government’s continued commitment to… Read More

October 24, 2024 @ 11:19 am By JD Alois  |  

The annual Autumn Statement, where the UK government reveals its economic plan, is just around the corner. On October 30th, the Chancellor of the Exchequer, Rachel Reeves, will share the Labour government’s plans to reduce deficits while hopefully driving economic growth. As reported by the… Read More

October 23, 2024 @ 10:57 pm By Michael Wong  |  

The Financial Conduct Authority (FCA) is intensifying its efforts to curb illegal activities by financial influencers, commonly known as “finfluencers“, who may be promoting financial services unlawfully. As part of a targeted crackdown, the regulator has issued 38 alerts against social media accounts run by… Read More

October 23, 2024 @ 7:01 pm By Omar Faridi  |  

LSEG and Dun & Bradstreet are expanding access to private markets data, which is said to be essential for driving impact in capital markets. LSEG (London Stock Exchange Group) and Dun & Bradstreet (NYSE: DNB), announced a collaboration in order to broaden access to private… Read More

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