Tagged: united kingdom

May 30, 2024 @ 8:20 am By Omar Faridi  |  

‍Three in ten SME finance professionals (28%) report that the most requested loan amount at the start of 2024 was over £100,000, 56% higher than the same period last year, according to iwoca’s Q1 2024 SME Expert Index. The new research, conducted with SME finance… Read More

May 29, 2024 @ 2:10 pm By Omar Faridi  |  

Capital on Tap, the small business credit card and spend management platform trusted by over 200,000 businesses, has expanded its partnership with Plaid to the United Kingdom. This builds upon Capital on Tap and Plaid’s successful partnership in the US, “which began back in January… Read More

May 29, 2024 @ 11:26 am By JD Alois  |  

Digital asset firm Uphold is now offering a white-label service for issuers and other platforms to leverage digital assets. The crypto exchange is said to serve “millions” of customers in over 14 different countries. The Uphold-as-a-Service is said to offer services beyond digital asset offerings,… Read More

May 29, 2024 @ 8:46 am By Omar Faridi  |  

Karim Haji, Global and UK Head of Financial Services at KPMG, comments on today’s March Money and Credit statistical release from the Bank of England. Karim noted: “A rise in consumer borrowing in March signals that many stretched households continue to battle the cost of… Read More

May 29, 2024 @ 8:20 am By Omar Faridi  |  

The British Business Bank has agreed an £100m increase to its existing ENABLE Guarantee transaction with leading fintech Oxbury Bank – a UK bank with a singular focus on farmers, food production and the rural economy. The original £100m transaction, announced in November 2023, and… Read More

May 28, 2024 @ 7:29 pm By JD Alois  |  

Intelligent Money Ltd., a SIPP provider, has entered administration. The UK Financial Conduct Authority (FCA) posted today that the authorized firm entered administration after the Financial Ombudsman Service upheld the final decision pertaining to the platform’s operations. Simultaneously, the company revealed that Quai Administration Services… Read More

May 28, 2024 @ 10:54 am By JD Alois  |  

Swiipr, a “travel Paytech” firm, has announced raising £6 million in a Series A funding round led by Octopus Ventures. TX Ventures and Solano Partners also participated in the funding round. Swiipr aims to provide a service for airlines and their disruption payments systems. The… Read More

May 28, 2024 @ 1:22 am By Omar Faridi  |  

UK Finance recently released their latest fraud report. While sharing insights on this key update, the team at Lending Standards Board has provided their perspective on the findings. For background, the LSB is responsible for overseeing the CRM Code, which has reportedly been the “only… Read More

May 27, 2024 @ 11:03 pm By Omar Faridi  |  

Pension savers are strongly backing shareholder calls for Shell to further reduce its greenhouse gas emissions by 2030, according to an update from PensionBee. A survey of pension savers by PensionBee revealed “that almost 60% of respondents – equal to nearly 18.5 million pensions savers… Read More

May 27, 2024 @ 10:22 pm By Omar Faridi  |  

Tuum, the core banking provider, and DDCAP Group have partnered to offer a pre-integrated Fintech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions. From the partnership, DDCAP and Tuum clients “will gain the ability to migrate legacy, automated trade execution and… Read More

May 27, 2024 @ 9:57 pm By Omar Faridi  |  

SilverRock Bank recently announced the granting of its banking authorization with restrictions by the Prudential Regulation Authority after the completion of a £50m investment round. SilverRock’s business model and overall strategy is mainly said to be built to partner with non-bank and other lenders to… Read More

May 27, 2024 @ 5:16 pm By Omar Faridi  |  

UK digital bank Starling might reach a valuation of nearly £10 billion within the coming years as it introduces its banking software internationally for competitive fees. This, according to one of its key investors. Investment trust Chrysalis, which is reportedly Starling’s second-largest investor, told the… Read More

May 25, 2024 @ 2:11 pm By Omar Faridi  |  

Modulr is pleased to be working with the University of Edinburgh Business School. Their collaboration showcases their shared commitment “to fostering technology innovations, inspiring the next generation of business leaders and building Scotland’s prominence as a tech hub.” Here’s how Modulr is supporting the University… Read More

May 25, 2024 @ 8:39 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with £89bn of assets under administration (AUA) from 235,000 customers, has received approval from the Financial Conduct Authority (FCA) for the acquisition of Third Financial. Third Financial is an investment… Read More

May 24, 2024 @ 3:33 pm By Omar Faridi  |  

UK digital bank Chetwood Financial has completed the acquisition of the buy to let mortgage lender CHL Mortgages for Intermediaries (CMI) from Barossa Asset Purchaser Sarl. Chetwood entered a competitive bidding process “to acquire the lender, which trades as CHL Mortgages, to grow a well-regarded… Read More

May 24, 2024 @ 10:48 am By JD Alois  |  

HNW Lending says it has surpassed £140 million in online lending. As the name implies, HNW means high net worth individuals. Regulated by the UK Financial Conduct Authority, HNW Lending is a peer-to-peer lending platform that enables asset-backed loans for UK-based individuals and businesses, with… Read More

May 24, 2024 @ 10:15 am By JD Alois  |  

Stand with Crypto, an advocacy group that supports appropriate regulation of the digital asset sector, has set up shop in the UK. While the UK is moving forward with bespoke regulation, it has been more challenging in the US. The US House of Representatives recently… Read More

May 24, 2024 @ 9:48 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has appointed Kim Gubler as an independent trustee. Kim was a founding director of the Pensions Administration Standards Association (PASA) and has been its Chair since 2019. PASA is an industry… Read More

May 23, 2024 @ 11:12 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features “include business financing through Stripe Capital, lower-cost… Read More

May 23, 2024 @ 10:23 am By JD Alois  |  

Adam Connors, formerly legal counsel at UK based securities crowdfunding platform Crowdcube, has joined the law firm of Clarke Willmott as an associate in the Taunton office. According to a statement by Clarke Willmott, Connors worked for Crowdcube for nine years, advising issuers pursuing 1700+… Read More