Tagged: united kingdom

January 6, 2025 @ 8:29 am By Omar Faridi  |  

Fintech firm Zilch has reflected on what they claim was an extraordinary year, and their end-of-year update captures the defining moments of 2024. From significant milestones to transformative partnerships, Zilch stated that it has been a year of steady growth and “meaningful” progress. Over the… Read More

January 4, 2025 @ 1:40 pm By Omar Faridi  |  

Anil Stocker, CEO & Co-Founder at Kriya, a UK Fintech that is powering frictionless access to B2B payments and credit, has shared some reflections on Kriya’s productive 2024, with always more to come. Kriya’s PayLater volume grew at 300% CAGR, Stocker noted. He also shared the… Read More

January 3, 2025 @ 7:10 am By Omar Faridi  |  

Strictly Money Ltd, the London-based fintech, has recently launched a new crowdfunding campaign on Crowdcube to invite European investors to fuel its next phase of growth. Crowdcube, which claims to be one of Europe’s largest private market investment platforms, has powered initiatives such as Revolut,… Read More

January 3, 2025 @ 7:09 am By Omar Faridi  |  

Digital payments processing Fintech Checkout.com has reportedly cut staff members following significant sales losses. UK-headquartered payments processing Fintech Checkout.com has slashed nearly a quarter of its professional work-force after a considerable decline in reported revenue. As indicated in Checkout.com’s accounts for the financial year 2023,… Read More

January 2, 2025 @ 1:26 pm By JD Alois  |  

DeVere Group is distributing a release that claims that 42% with UK financial ties want out of Britain. This follows the recent Labour budget, which aims to increase taxes on various aspects including capital gains. While DeVere did not distribute the complete survey and its… Read More

December 31, 2024 @ 11:33 am By Omar Faridi  |  

Nayax Ltd. (Nasdaq: NYAX), a commerce enablement and payments platform designed to help merchants scale businesses by simplifying payments and maximizing loyalty, announced that it will deploy its EasyFuelPlus, a fuel management system, by OTI PetroSmart, a provider of fuel management and payment solutions, across… Read More

December 30, 2024 @ 12:46 pm By JD Alois  |  

Are you interested in purchasing shares in Republic? You can now do so on its Secondary Marketplace, hosted on Republic Europe. Republic purchased UK-based Seedrs several years ago. Seedrs was one of the most established securities crowdfunding platforms in the UK. Seedrs had also extended… Read More

December 29, 2024 @ 6:16 pm By Omar Faridi  |  

Allica Bank has reportedly surpassed £3 billion in lending and £4 billion in deposits as the UK’s established SMEs flock to the challenger that promises to deliver ‘business banking how it used to be, just better’. Allica, which is the UK’s full-service bank focused on… Read More

December 27, 2024 @ 9:43 am By Omar Faridi  |  

Wise Platform noted that during the past year, they’ve expanded their global payments network and made some upgrades to their products, giving clients more ways to deliver better cross-border payment experiences. Wise Platform, a part of UK-headquartered Fintech Wise (LSE:WISE), expanded their direct connections to… Read More

December 27, 2024 @ 8:52 am By Omar Faridi  |  

Lloyds Banking Group has shared the Halifax UK housing / property market review and outlook for real estate in 2025. Here are the key takeaways from the extensive research report on the United Kingdom‘s property market: UK housing market beat expectations in 2024, with recovery… Read More

December 23, 2024 @ 11:48 am By Omar Faridi  |  

A review by the LSB (Lending Standards Board) of its registered firms’ application of the Standards of Lending Practice for business customers has identified 102 areas where action has been needed to “bring firms into compliance with the Standards’ requirements.” The LSB’s FCA-recognized Standards of… Read More

December 21, 2024 @ 6:57 am By Michael Wong  |  

Google has announced new advertising policies for cryptocurrency-related products in the United Kingdom, requiring advertisers to register with the country’s Financial Conduct Authority (FCA) starting January 15, 2025. The update aims to ensure compliance with local regulations amid increased scrutiny of crypto promotions globally. The… Read More

December 20, 2024 @ 10:21 am By JD Alois  |  

  SyndicateRoom, a former securities crowdfunding platform and current online investment platform that takes a portfolio approach, has been acquired by Smith Brothers Group. The terms of the deal were not disclosed. In an email from SyndicateRoom CEO Graham Schwikkard, he said the company was… Read More

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