Tagged: united kingdom

May 27, 2026 @ 3:19 am By Omar Faridi  |  

KPMG UK has released its latest European Economic Outlook, projecting a considerable slowdown in British economic expansion next year. GDP growth is anticipated to ease to 0.8% in 2026, down from an estimated 1.4% in 2025. This tempered outlook stems primarily from a fresh surge… Read More

May 25, 2026 @ 4:29 am By Omar Faridi  |  

UK’s Starling Bank has reported a somewhat modest downturn in its overall financial performance for the most recent fiscal year. The Fintech firm’s results highlight the considerable challenges posed by a cooling monetary environment and additional provisions for potential credit losses, underscoring the transition from… Read More

May 25, 2026 @ 3:36 am By Omar Faridi  |  

KPMG UK has highlighted many of the key concerns following the release of April’s public sector borrowing data. The figures reveal borrowing levels that surpassed expectations set by the Office for Budget Responsibility (OBR) in March, primarily due to elevated expenditures from central government departments…. Read More

May 22, 2026 @ 12:34 am By Omar Faridi  |  

Lloyds Banking Group has finalized a £65 million financing arrangement with Amplius, one of the UK’s housing associations. This new package aims to work on key upgrades to existing properties and support investment across the organization’s portfolio. The deal integrates two key components: a £30… Read More

May 20, 2026 @ 9:06 am By Omar Faridi  |  

Global fintech platform Adyen (AMS: ADYEN) has teamed up with Starling Bank. Announced recently this month, the partnership introduces seamless tap-to-pay functionality directly within Starling’s mobile banking app, enabling business owners to accept contactless card payments using just their smartphones.   This new capability allows Starling’s… Read More

May 19, 2026 @ 9:40 am By JD Alois  |  

Zopa Bank has been approved to offer retail investment services. Zopa notes that it is the first British bank to be approved under the new regulatory regime, which took effect on April 6th. Merve Ferrero, Chief Strategy Officer at Zopa Bank, said that investing has… Read More

May 19, 2026 @ 9:12 am By JD Alois  |  

The UK appears to be moving away from a debilitative approach to stablecoin utilization, part of a broader payments strategy. Last year, the Bank of England introduced a structure that required holding limits of £20,000 per individual and £10 million per business, and that at… Read More

May 19, 2026 @ 7:25 am By Omar Faridi  |  

UK digital bank Monzo has delivered solid financial results, marking another milestone in its expansion in the competitive fintech landscape. The Fintech company announced a significant rise in profitability, posting pre-tax profits of £87.3 million for the financial year ending March. This represents a substantial 44%… Read More

May 19, 2026 @ 7:20 am By Omar Faridi  |  

The United Kingdom has long positioned itself as a key player in financial innovation, leveraging its deep-rooted expertise in traditional banking, a vibrant startup ecosystem, and forward-thinking regulators. Cities like London continue to attract talent and capital, with the sector contributing significantly to economic growth… Read More

May 19, 2026 @ 5:16 am By Omar Faridi  |  

NatWest Group has announced a substantial £20 billion funding commitment over the coming decade to support economic expansion and build greater resilience throughout the North of England. This initiative reinforces the UK’s wider goals of developing stronger and more productive regional economies, with the bank… Read More

May 18, 2026 @ 10:39 am By JD Alois  |  

Tokenization is quickly becoming commonplace, and it is vital that regulators and policymakers work in concert with both current industry participants and future firms that will eventually incorporate digital assets, including tokenized securities. The Bank of England and the UK Financial Conduct Authority issued a… Read More

May 18, 2026 @ 8:48 am By JD Alois  |  

The Bank of England and the Financial Conduct Authority (FCA) have issued a joint statement on tokenization and the wholesale market. The comment is described as a “shared vision” that has the potential to streamline markets while benefitting from additional functionality. The discussion is driven… Read More

May 16, 2026 @ 2:00 am By Omar Faridi  |  

NatWest has revealed the eight AI-focused startups chosen for its 2026 Fintech Program, marking a significant step in the bank’s drive to nurture Britain’s technology innovators. The announcement came during a London launch event tied to UK Fintech Week, where founders gathered for a roundtable… Read More

May 15, 2026 @ 8:15 am By Omar Faridi  |  

The United Kingdom’s fintech sector posted a more measured performance in the opening months of 2026, according to fresh data from Tracxn. The latest quarterly funding report shows that domestic fintech firms raised $741 million through 41 investment rounds during the period. Although still a… Read More

May 15, 2026 @ 3:01 am By Omar Faridi  |  

Following the release of official data showing the UK economy expanded by 0.6% in the first quarter of 2026, with a solid 0.3% rise recorded in March, analysts at KPMG have offered a measured assessment of the outlook. While the headline figures indicate resilience in… Read More

May 14, 2026 @ 7:39 am By Omar Faridi  |  

Fintech firm iwoca indicated that UK small and medium-sized enterprises are confronting heightened economic uncertainty, with concerns about a potential recession reaching their highest level in two years. This shift is driven largely by the ripple effects of the conflict in the Middle East, which… Read More

May 13, 2026 @ 9:32 am By JD Alois  |  

The Payments Association has appointed a new CEO. According to a statement from the organization, Emma Banymandhub will step into the leadership role following her position as the association’s Chief Operating Officer. Banymandhub said that payments are more than transactions, adding she is honored to… Read More

May 13, 2026 @ 2:20 am By Omar Faridi  |  

A UK-based nonprofit social lender has partnered with NatWest Group’s Open Banking payments specialist to deliver a more adaptable approach to loan repayments. East Lancashire Moneyline, which focuses on serving people shut out of conventional credit markets, is now using Variable Recurring Payments (VRP) through… Read More

May 12, 2026 @ 11:33 am By JD Alois  |  

Elliptic has raised $120 million in Series D funding at a pre-money valuation of $670 million. The round was led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. Founded in 2013, Elliptic is headquartered in London with offices… Read More

May 12, 2026 @ 1:34 am By Omar Faridi  |  

KPMG indicated that new rules designed to protect customer funds held by payment and electronic money firms took effect on 7 May 2026, marking a significant upgrade to the UK’s financial safeguards. The Financial Conduct Authority (FCA) introduced the measures to ensure that client money… Read More