Tagged: united kingdom

February 18, 2024 @ 10:07 am By Omar Faridi  |  

Organizations need a trusted data foundation to enable effective decisions that allow them to operate efficiently, plan for the future, and grow, according to an update from Quantexa. Yet many organizations continue to struggle with “a lack of a single customer view, duplicated records, inefficient… Read More

February 16, 2024 @ 10:58 am By JD Alois  |  

Online lending platform LendInvest says it will now offer 90% LTV two-year fixed mortgages for first-time home buyers. LendInvest’s Residential Mortgages are said to have stretched LTIs up to 6.49x, to support homebuyers to borrow enough for their first home. Paula Mercer, Head of Sales… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

February 15, 2024 @ 10:16 pm By Omar Faridi  |  

Admiral, a financial services company in the UK and part of the Admiral Group, has selected Google Cloud as a strategic cloud partner. Under the terms of the agreement, Admiral’s core insurance operations, “including insurance policy administration and digital systems, will now be powered by… Read More

February 15, 2024 @ 10:54 am By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

February 15, 2024 @ 8:28 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with over £80bn of assets under administration from 250,000 customers, announces the acquisition of Third Financial. Third Financial is an investment platform and front-to-back wealth management software provider, “serving discretionary… Read More

February 14, 2024 @ 11:38 pm By Omar Faridi  |  

Banxa Holdings Inc. is pleased to announce it is the first firm in 2024 to register as a cryptoasset business with United Kingdom’s Financial Conduct Authority (FCA). Management believes this is a critical milestone towards “fulfilling Banxa‘s mission to extend the benefits of crypto to… Read More

February 14, 2024 @ 8:30 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached the 9 million customer milestone. Monzo now claims over 9 million personal account customers, with 2 million joining in the past year. The digital banking platform says it has been at the forefront of the fintech innovation since… Read More

February 14, 2024 @ 3:30 am By Omar Faridi  |  

High street banking institution Virgin Money UK PLC has reportedly made an agreement to acquire abrdn PLC’s stake in its investment platform for GBP20 million. This update has been announced less than a year after it was introduced to clients. The Newcastle-headquartered lender teamed up… Read More

February 13, 2024 @ 4:09 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF)  has revealed the Cambridge Digital Money Dashboard (CDMD). The Centre is part of the Cambridge Judge Business School, University of Cambridge. CCAF is the leading independent research group covering the world of Fintech, including digital assets. The… Read More

February 13, 2024 @ 9:28 am By JD Alois  |  

Seedrs, a securities crowdfunding platform operating in the UK and continental Europe, has shared some numbers for platform performance during the month of January. Seedrs reports that it listed 13 primary securities offerings during the month. When you combine private deal room activity and secondary… Read More

February 13, 2024 @ 8:45 am By Omar Faridi  |  

LendInvest Mortgages, which claims to be the UK’s leading platform for mortgages, has launched a redesigned and updated Mortgages Portal now including LendInvest’s Buy-to-Let mortgages, providing brokers with a one-stop-shop for all LendInvest Mortgages products. Brokers can now access all Residential, Buy-to-Let, and Bridging products… Read More

February 12, 2024 @ 11:47 am By Omar Faridi  |  

The UK government will invest £100 million in AI research and training regulators on the technology. A good portion of the cash infusion will be spent on new research hubs across the UK. Bridgewise, an AI financial intelligence platform, has shared insights following this announcement…. Read More

February 12, 2024 @ 9:58 am By Omar Faridi  |  

UK Finance has announced the appointment of Thierry d’Argent, CEO of Societe Generale UK; Saif Malik, CEO, UK, Standard Chartered; and Mickey Schiller, CEO of Leumi UK, to its Board, effective 8 February 2024. TS Anil, CEO, Monzo; and Kelly Devine, Divisional President UK &… Read More

February 12, 2024 @ 9:32 am By Omar Faridi  |  

SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed “report their SME clients having any recession fears––a significant drop… Read More

February 12, 2024 @ 8:26 am By Omar Faridi  |  

Revolut, a digital bank/neobank with over 35 million customers worldwide and 8+ million in the United Kingdom, is offering eSIMs and global mobile data plans to its UK clients. Revolut eSIM enables clients to roam like a local user and stay connected without having to… Read More

February 12, 2024 @ 8:17 am By Omar Faridi  |  

Zopa bank has launched its first Cash ISA account in order to help savers level-up their 2024 finances. Zopa bank says its aim is to “help millions of Brits with an ISA account better save by making the £333 billion sitting in Cash ISAs work… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

February 8, 2024 @ 8:01 am By Omar Faridi  |  

Blend Network, the specialist development finance lender, has reportedly acquired a new £50 million+ institutional funding line in order to provide bridging to property developers in the United Kingdom. This latest form of support via newly committed capital to be deployed by the Blend Network… Read More

February 8, 2024 @ 7:22 am By Omar Faridi  |  

Napier, the London-based global financial crime compliance Regtech, is pleased to announce that its Anti Money Laundering (AML) platform, Napier Continuum is now available through two new service offerings: Napier Continuum Live and Napier Continuum Flow. These new solutions deliver Napier’s experience in “helping financial… Read More