Tagged: united kingdom

September 22, 2024 @ 9:09 am By Omar Faridi  |  

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that UK SMEs consider tax incentives and access to finance as two critical areas that need “to be addressed by the Government to unlock growth.” Data… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 20, 2024 @ 10:16 am By JD Alois  |  

The Payments Association has released an “investigative documentary” regarding the impact of Authorised Push Payments (APP) fraud. The project was released in partnership with Cardaq and We Fight Fraud. The documentary aims to explore how fraudsters pilfer money from the innocent. The documentary, entitled The… Read More

September 19, 2024 @ 9:48 pm By Omar Faridi  |  

Anemoy, the asset management arm of Centrifuge, is pleased to announce a strategic partnership with Archax, the UK’s first regulated digital securities exchange, broker and custodian to add the Liquid Treasury Fund (LTF) to its Primary Platform. The Liquid Treasury Fund is a short-duration treasury… Read More

September 18, 2024 @ 7:43 am By Omar Faridi  |  

LendInvest Mortgages (AIM: LINV), the UK’s platform for mortgages, announces the launch of its new Expat Buy-to-Let mortgage products. This launch marks another significant step in LendInvest‘s mission to simplify mortgage processes for all types of customer, “offering tailored solutions to meet diverse needs.” The… Read More

September 17, 2024 @ 8:51 am By Omar Faridi  |  

Axoni, a provider of trade workflow applications and real-time data replication technology, announced the sale of its Veris post-trade processing business and related intellectual property to the London Stock Exchange Group (LSEG), a global provider of financial markets data and infrastructure. The transaction remains subject… Read More

September 17, 2024 @ 7:37 am By Omar Faridi  |  

R3, the infrastructure platform building digital solutions for financial markets, and Quant, the digital finance pioneer, announce the release of the results of UK Finance’s UK Regulated Liability Network. The report which follows work with UK Finance with eleven of its members and partners on… Read More

September 16, 2024 @ 5:16 pm By JD Alois  |  

Republic Europe, formerly Seedrs, posted its group accounts on Companies House last week. The online investment platform reported a larger loss for 2023 than for 2022. Republic (Open Deal), based in the US, is one of the largest investment crowdfunding platforms in the world. In… Read More

September 16, 2024 @ 11:55 am By Omar Faridi  |  

Nearly a quarter (24%) of Brits have ‘no idea’ how much they’ve saved into their pension while almost half (42%) admit confusion over how much they need to save for retirement, according to new research from PensionBee. In response to these challenges, pension savers are… Read More

September 16, 2024 @ 6:22 am By Omar Faridi  |  

Tech-savvy owners of Bitcoin and other digital assets will benefit from greater legal protection thanks to an important clarification to the law. This, according to an update released this past week by the UK government. The Property (Digital Assets etc) Bill, introduced in Parliament, will… Read More

September 15, 2024 @ 11:42 pm By Omar Faridi  |  

August saw business activity rise universally across the UK for the first time in three months, the latest NatWest Regional Growth Tracker showed. The Business Activity Index is the first fact-based indicator of regional economic health released each month, “tracking the monthly change in the… Read More

September 15, 2024 @ 4:36 pm By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a softening of UK labour market conditions during August. Latest data showed that permanent placements “continued to fall, and at an accelerated pace, amid reports of reduced demand amongst companies for… Read More

September 14, 2024 @ 12:46 pm By Omar Faridi  |  

The Lending Standards Board (LSB) has strengthened provisions on personal guarantees within the Standards of Lending Practice for business customers. The changes will help ensure lenders are clear “with guarantors about what they are signing up to, and help avoid situations where a guarantor is… Read More

September 14, 2024 @ 12:45 pm By Michael Wong  |  

Abu Dhabi’s sovereign wealth fund, Mubadala, has taken its first stake in London-based Fintech company Revolut, participating in a share sale that valued the firm at $45 billion. Revolut is one of the largest crowdfunding success stories. During its early days, the company raised money… Read More

September 13, 2024 @ 8:26 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya, who is 45 and resides in London, for “unlawfully running multiple crypto ATMs without FCA registration.” Crypto ATMs are machines that “allow you to buy or convert money into cryptoassets.” Mr Osunkoya is accused of running… Read More

September 11, 2024 @ 8:49 am By JD Alois  |  

UK economic data delivered an update today that landed with a thud. GDP unexpectedly showed no growth during the month of July with analysts anticipating 0.2% growth. The commentariat chattered that moribund growth will challenge the relatively new Labour government as it struggles to bolster… Read More

September 11, 2024 @ 8:28 am By JD Alois  |  

Banking as a service provider Griffin says it has opened up its platform to UK Fintchs. Griffin is a licensed provider of banking services seeking to enable banks, and now Fintechs to provide digital banking services. Griffin offers services like wealth, lending, insurance, proptech and… Read More

September 11, 2024 @ 8:16 am By Omar Faridi  |  

TrueLayer, an open banking payments network, says it has expanded its partnership with Stripe. TrueLayer now underpins Stripe’s Pay by Bank offering “across its payments products in the UK.” In May, Stripe unveiled Pay by Bank—a new payment method “enabling merchants to accept payments directly… Read More

September 10, 2024 @ 3:45 pm By Omar Faridi  |  

Experian has announced that Oakbrook, a non-bank provider of consumer lending solutions, will now be using Experian Boost data in its decisioning process for personal loan applications. This partnership will increase access to credit “for customers who traditionally may not have been eligible – driving… Read More

September 9, 2024 @ 11:50 pm By Omar Faridi  |  

Rentd is said to be one of the UK’s most innovative full-service lettings platforms. Rentd has acquired 77% (or £349,661) of its £450,001 target via its crowdfunding campaign carried out via Republic Europe. The fundraising effort is closing soon and contributions have been received from… Read More