Tagged: united kingdom

August 1, 2024 @ 8:11 pm By Omar Faridi  |  

NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s asset finance business, Lombard, together “with specialist businesses providing working capital solutions.” Paul has been at NatWest for 12 years and “has held a number of roles in that time,… Read More

July 31, 2024 @ 1:20 pm By JD Alois  |  

Sticpay, a digital wallet and payments provider, says it has added Visa and Mastercard debit/credit card processing to its platform. Sticpay reports over 5000 merchants. Sticpay is licensed by the UK Financial Conduct Authority and reports over one million users and 5,000 corporate clients across… Read More

July 31, 2024 @ 9:12 am By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer found that overall business confidence rose significantly in July to equal the highest level in confidence shown by businesses for eight years. Business confidence in the UK increased by 9 points “to 50% this month, reversing the drop in June… Read More

July 30, 2024 @ 12:10 pm By JD Alois  |  

Crypto fraud is an ongoing problem; as quickly as platforms and providers adjust to counter nefarious activity in digital assets, bad actors seem to update their game. Some crypto frauds are legendary in the size of the theft. Xerberus is looking to mitigate crypto fraud with… Read More

July 30, 2024 @ 10:53 am By JD Alois  |  

The Bank of England has posted a Discussion Paper on the payments ecosystem. The Paper looks to review innovations in payments and how they can impact the Bank’s monetary and financial stability objectives while bringing opportunities and improvements. The Paper outlines the Bank’s current plans,… Read More

July 30, 2024 @ 10:28 am By JD Alois  |  

Deeptech Labs will be partnering with British Business Investments to funnel £10 million in funding to deep tech firms in the UK as part of the Regional Angels Programme. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. The mission is to… Read More

July 30, 2024 @ 10:10 am By Omar Faridi  |  

NatWest Group has issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750 million from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank “to issue a green bond where… Read More

July 30, 2024 @ 9:19 am By JD Alois  |  

As the UK pushes aims to improve its financial services market, including Fintechs, the Bank of England and Prudential Regulation Authority (PRA), have announced a new Cost Benefit Analysis Panel (CBA Panel). This new Panel will proffer advice on the impact of new rules or… Read More

July 30, 2024 @ 8:10 am By Omar Faridi  |  

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation “from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide.”… Read More

July 29, 2024 @ 11:24 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement affirming its mission to simplify and reduce the cost of firms in need of growth capital. The FCA seeks to reduce the burden on businesses raising money. The announcement follows the new “Consumer Duty,” which… Read More

July 28, 2024 @ 4:39 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK FinTech H1 2024. The report, based on Tracxn’s extensive database, “provides insights into the United Kingdom (UK) FinTech space.” The UK FinTech ecosystem was “the second highest globally in terms of… Read More

July 27, 2024 @ 1:31 pm By JD Alois  |  

The UK is looking to boost access to capital for private firms – beyond the existing crowdfunding regime and established exchanges. Currently, for approved investment crowdfunding platforms it is difficult to raise more than £5 million due to prospectus requirements. The proposal aims to make… Read More

July 27, 2024 @ 1:05 pm By Tony Zerucha  |  

This week, the British Business Bank disclosed 10 additional companies in which the Future Fund holds an equity interest. That gives them an equity interest in 711 companies with a total investment of £708 million as of June 30. That’s one company less than in… Read More

July 26, 2024 @ 11:12 am By JD Alois  |  

The UK is trying to reinvigorate its moribund public markets by making it easier to list shares and updating new rules. Today, the Financial Conduct Authority (FCA) is announcing final rules that will replace the current prospectus regulation to become a public firm. A consultation has commenced, closing in October…. Read More

July 25, 2024 @ 11:09 pm By JD Alois  |  

Online investment platform CapitalRise says it has financed three new deals in nine days to the tune of £20 million. CapitalRise says this is a record for the amount financed in such a short time. CapitalRise is a specialist prime property finance platform that specializes… Read More

July 25, 2024 @ 12:37 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority confirms its plan to protect access to cash for consumers and small businesses. Banks and building societies will need “to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new… Read More

July 25, 2024 @ 9:36 am By Omar Faridi  |  

Revolut has received a UK banking license. The global Fintech now enters the PRA’s ‘mobilization’ stage, “having received authorization with restrictions, designed for new banks to complete the build out of their banking operations.” During this mobilization stage nothing changes for Revolut UK customers. Revolut,… Read More

July 24, 2024 @ 12:38 pm By Omar Faridi  |  

Smart Pension has released a report entitled, “Delivery 2030: A blueprint to transform the UK pension system, deliver the future of retirement and leave no saver behind.” Jamie Fiveash, CEO, Smart Pension UK said: “Today’s workers are navigating the biggest shift in demographics for many… Read More

July 24, 2024 @ 12:37 pm By Omar Faridi  |  

British Business Investments announces a further commitment to Claret Capital Partners Limited, with a new co-investment fund. The fund will invest in high-growth technology enabled smaller businesses across the UK. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

July 24, 2024 @ 10:29 am By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced it has expanded its partnership with PayDo, an Electronic Money Institution (EMI), offering personalised solutions to businesses and individuals with a suite of financial services. The partnership with ClearBank will allow… Read More