Tagged: united kingdom

April 29, 2026 @ 5:35 pm By Omar Faridi  |  

KPMG has voiced support for new UK regulations designed to strengthen safeguards against sudden bank account closures, stressing their importance in a financial system that is rapidly becoming cash-free. In a statement responding to the government’s latest measures, the firm underscored how these changes could… Read More

April 29, 2026 @ 8:59 am By JD Alois  |  

The UK is in the midst of a consultation on digital assets and regulation. Beginning in October 2027, the UK Financial Conduct Authority (FCA) will add crypto to its remit. The consultation covers topics like issuing a qualifying stablecoin, operating trading platforms, dealing and arranging… Read More

April 29, 2026 @ 5:57 am By Omar Faridi  |  

UK’s NatWest Group indicated that British companies are holding firm in the face of escalating international tensions and sharper cost pressures. This, according to the latest NatWest UK Business Growth Tracker. The survey, which monitors mid-market and small-to-medium enterprises (SMEs) across manufacturing and services, indicates… Read More

April 29, 2026 @ 3:31 am By Omar Faridi  |  

A recent Bank of England working paper explores how a policy adjustment in the UK’s instant payments network has triggered a noticeable migration away from the country’s main high-value settlement system. Released on 24 April 2026 and written by economists James Duffy and James Sanders,… Read More

April 28, 2026 @ 9:45 am By JD Alois  |  

Emerging-market Fintech LemFi says it will commit £100 million in investment to the UK over 5 years.  The company said it would establish its global headquarters in London as it anticipates the UK will emerge as a top hub for cross-border finance. LemFi reports that… Read More

April 27, 2026 @ 12:06 pm By JD Alois  |  

UK-headquartered Ineffable Intelligence has raised $1.1 billion in seed funding. Ineffable Intelligence, founded in 2025 by David Silver, a former top Google DeepMind researcher, aims to beat top large language models by using “reinforcement learning” or AI training by trial-and-error/experience. In a post on X,… Read More

April 27, 2026 @ 8:33 am By Omar Faridi  |  

Financial authorities from the United Kingdom, Australia, and Canada have joined forces with their international peers for a dedicated “week of action.” The campaign brought together leading oversight bodies to tackle challenges posed by financial influencers—often called finfluencers—who promote investment products and advice on social… Read More

April 26, 2026 @ 1:03 am By Omar Faridi  |  

UK’s Funding Circle (LSE: FCH), the platform for small and medium-sized enterprise (SME) lending, has introduced an online gateway tailored specifically for its broker network. Announced on 21 April 2026, the initiative marks a significant step forward in refining how brokers interact with the company’s… Read More

April 25, 2026 @ 7:27 am By Omar Faridi  |  

UK officials are actively negotiating with Anthropic to enable a restricted deployment of the company’s advanced Claude Mythos AI platform for use by UK companies. This effort reflects growing official awareness of the transformative yet risky nature of cutting-edge artificial intelligence in protecting digital systems… Read More

April 24, 2026 @ 7:47 am By Omar Faridi  |  

KPMG indicated that London’s booming tech scene has propelled UK venture capital investment to its strongest quarter in four years, according to KPMG’s latest Venture Pulse report. In the first three months of 2026, British startups raised £7.2 billion, the highest total since the second… Read More

April 24, 2026 @ 6:29 am By Omar Faridi  |  

Lloyds Banking Group has joined forces with Connells Group and LMS to roll out a pioneering digital platform that promises to overhaul the homebuying experience across England and Wales. Launched recently this month, the initiative aims to create a seamless, end-to-end online process for residential… Read More

April 23, 2026 @ 3:32 pm By Omar Faridi  |  

ClearBank, a Fintech focused on real-time clearing and embedded banking services, has named Singapore-based Tazapay as its first client from the city-state. The announcement, made on 22 April 2026, underscores the growing momentum in cross-border payments and deepens connectivity along the vital Asia-Europe corridor. The… Read More

April 23, 2026 @ 9:17 am By JD Alois  |  

Coinbase (NASDAQ:COIN) said it would offer a pound-based stablecoin, tGBP, backed by fiat. The company announced the new issuance during UK Fintech Week, stating that a stablecoin was necessary to position the UK as a true global hub for crypto. The stablecoin is available now. Coinbase… Read More

April 23, 2026 @ 7:12 am By Omar Faridi  |  

Experian has introduced an innovative AI-driven tool called Transaction Forensics, marking a significant advancement in combating fraud and financial crime within the UK banking sector. Launched on April 22, 2026, the solution aims to equip financial institutions with real-time capabilities to identify and stop sophisticated… Read More

April 23, 2026 @ 12:01 am By Omar Faridi  |  

UK’s digital bank OakNorth, known for backing small and medium0sized business ventures, has extended a £50 million revolving credit facility to CLS Holdings, a specialist in transforming office and commercial real estate with a strong emphasis on sustainability. Established in 1992 by the Mörtstedt family,… Read More

April 22, 2026 @ 11:56 am By JD Alois  |  

City Minister Lucy Rigby discussed measures to advance tokenization at IFGS (UK Fintech Week) this week. As previously reported, measures include a single framework for traditional and tokenized payments, including stablecoins and tokenized deposits. The goal is part of the policy to “cement UK as… Read More

April 22, 2026 @ 11:35 am By JD Alois  |  

Folk2Folk, a UK peer-to-peer lending platform that operates physical locations, says it is boosting its focus on institutional money. To accomplish this goal, the company has hired Joanna Chan as Head of Strategic Capital. Chan, who joined the company in 2029, moves into the new… Read More

April 22, 2026 @ 8:30 am By JD Alois  |  

Asset Match has been approved to operate a Private Intermittent Securities and Capital Exchange System (PISCES), joining a couple of other firms that have also received regulatory approval. A platform must apply for a PISCES approval notice (PAN) from the Financial Conduct Authority (FCA). PISCES… Read More

April 21, 2026 @ 12:01 pm By JD Alois  |  

Today, HM Treasury introduced new measures to improve the payments sector and boost the ecosystem’s competitiveness. The policy incorporates items such as stablecoins, tokenized deposits, and more. HM Treasury highlights the fact that over 3000 Fintech firms operate in the UK, with the sector attracting… Read More

April 21, 2026 @ 11:22 am By Omar Faridi  |  

Lloyds Banking Group has announced a boost to its responsible artificial intelligence operations, recruiting a group of specialists to enhance oversight, ethical standards, and technical safeguards as the organisation pushes deeper into advanced AI applications. The move underscores the bank’s focus on balancing innovation with… Read More