Tagged: united kingdom

December 17, 2023 @ 9:51 pm By Omar Faridi  |  

Glory, a global enabler of cash technology solutions for the financial, retail, and quick service restaurant industries, announced the acquisition of additional shares in OneBanx, a fully managed shared banking solutions provider. As a result, Glory now reportedly “holds 91.99% of OneBanx’s outstanding shares. (The… Read More

December 15, 2023 @ 3:20 pm By Omar Faridi  |  

ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 15, 2023 @ 11:08 am By JD Alois  |  

UK-based Seedrs, now a part of Republic, is poised to expand its services across the European Union. Previously, Seedrs has listed issuers based in the EU, but needed to dance around jurisdictional rules in each member state. Now, with the advent of ECSPR – or… Read More

December 15, 2023 @ 7:55 am By Omar Faridi  |  

Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More

December 14, 2023 @ 8:14 pm By Omar Faridi  |  

KPMG has recently commented on the one year anniversary of the launch of the Edinburgh Reforms Commenting on 12 months from the launch of the Edinburgh Reforms, Karim Haji, global and UK head of financial services at KPMG said: “One year on from the launch… Read More

December 14, 2023 @ 11:41 am By JD Alois  |  

In the long run, investment crowdfunding will be judged by the returns delivered to investors. As CI has consistently stated, online capital formation must work for all three constituent stakeholders in the process: Issuers (firms) must be able to raise the money they need; Platforms… Read More

December 14, 2023 @ 8:45 am By Omar Faridi  |  

Regtech Salv, with its suite of tools to help banks and service companies fight financial crime, has raised €3.9m in new funding, “bringing its capital raised this year to €7.9m and total funding to €12.1m.” The round includes investments “from new and existing investors and… Read More

December 13, 2023 @ 10:10 pm By Omar Faridi  |  

In the ever-changing landscape of economic uncertainties, the third quarter of 2023 brought both challenges and glimpses of recovery in household finances. UK Finance‘s Household Finance Review, published recently, delves into “the key trends and indicators that shaped consumer behavior during this period.” Q3 witnessed… Read More

December 13, 2023 @ 10:03 am By JD Alois  |  

The British Business Bank has added to an existing ENABLE Build Facility to United Trust Bank (UTB) increasing the amount by £100 million. Now, the total facility is at £350 million. According to the British Business Bank, UTB has now provided £830 million to smaller… Read More

December 13, 2023 @ 9:41 am By Omar Faridi  |  

Growth of the UK economy in November was reportedly centered on London, according to the latest NatWest Regional PMI survey. Inflationary pressures were also strongest in the capital, “with firms there recording the steepest rises in both input costs and average prices charged for goods… Read More

December 12, 2023 @ 11:00 pm By Omar Faridi  |  

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, which is described as being a new way for guests in the UK to spread the cost of their reservation. The launch is part of a phased global roll-out which “will see… Read More

December 12, 2023 @ 12:42 pm By Omar Faridi  |  

Thousands of people hunting for tickets, cars, pets, and much more were tricked into handing money over to fraudsters this year, “with purchase scams rising by more than two fifths (42%), compared to last year,” according to an update from Lloyds Banking Group. Last month,… Read More

December 12, 2023 @ 9:01 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has been pounded the drums for some time now on the interest earned by consumers on cash balances held on various platforms. While interest rates have risen dramatically in the past couple of years, many financial institutions have been… Read More

December 12, 2023 @ 8:22 am By Omar Faridi  |  

The British Business Bank, the UK’s economic development bank, has appointed Ian Connatty as its first Deputy Chief Investment Officer. This is in addition to his role “as Managing Director, Direct and Co-investment, British Patient Capital, a commercial subsidiary of the Bank.” The Deputy Chief… Read More

December 12, 2023 @ 8:17 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey pointed to a renewed rise in hiring activity across Scotland in November. As mentioned in a blog post, mild expansions were signaled for “both permanent placements and temp billings amid reports of successful recruitment campaigns… Read More

December 11, 2023 @ 1:07 pm By Omar Faridi  |  

GFO-X announces that M&G Investments has led a $30 million Series B funding round for the company and will join the Board of Global Futures and Options Holdings. The investment will fund GFO-X through its forthcoming launch and “support future innovation in the regulated digital… Read More

December 11, 2023 @ 7:37 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s independent, adviser platform groups, has recently announced it’s reducing the standard annual Nucleus Wrap platform charge by three basis points “for holdings between £200k and £500k.” According to the update shared by Nucleus Financial… Read More

December 11, 2023 @ 7:13 am By Omar Faridi  |  

OakNorth, a UK-based digital bank, has provided a debt finance facility to support the latest acquisition project of ALMCOR and an affiliate of Cerberus Capital Management, L.P. ALMCOR claims that it has over 25 years of experience “operating in the UK and European real estate… Read More

December 11, 2023 @ 6:08 am By Omar Faridi  |  

SumUp, the global financial services company, announced it raised €285 million in funding led by Sixth Street Growth with further participation by Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group. The funding will be used “to expand SumUp’s global footprint and deliver the tools… Read More