Tagged: united kingdom

December 5, 2023 @ 8:11 am By Omar Faridi  |  

Allica Bank (LSE:WISE) has partnered with Wise Platform, Wise’s global payment infrastructure for banks and major enterprises, in order “to offer our established business customers a simple and low-cost way to send money overseas.” Now clients can seamlessly make and “manage their global payments directly… Read More

December 5, 2023 @ 7:35 am By Omar Faridi  |  

Halfords Group PLC, the UK’s largest provider of motoring and cycling products and services has selected Kriya, the embedded finance provider, “to power payments and credit for its trade account customers.” Under the partnership Kriya will “embed its financial tools across Halfords stores, customer teams,… Read More

December 5, 2023 @ 7:32 am By Omar Faridi  |  

Nucleus Financial Platforms Group, one of the UK’s independent, adviser platform groups, has appointed Alexander Filshie as Chief Financial Officer (CFO), “subject to regulatory approval.” He starts taking over from Mike Regan who, as previously announced, “has been appointed as Chief Commercial Officer.” Mike Regan… Read More

December 4, 2023 @ 11:52 pm By Omar Faridi  |  

Alchemy Pay, the crypto payment solutions provider, has expanded its payment options in the Europe and UK regions. The introduction of the Euro Instant solution SEPA Instant and the UK fast e-money transfer solution Faster Payments enhances its On-Ramp service, “allowing users to swiftly execute… Read More

December 4, 2023 @ 8:24 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) announced that it is setting out forbearance measures for investment company cost disclosure. The FCA says it has now set out temporary measures “to give investment companies greater ability to explain their costs and charges to help consumers make… Read More

December 4, 2023 @ 7:50 am By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide, announced that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). This approval follows Crypto.com’s registration “as a cryptoasset business with the FCA in… Read More

December 3, 2023 @ 3:19 pm By Omar Faridi  |  

INTELLITHING, which aims to develop customized applications of Generative AI With no code, has raised 132% (£265,325) of its £200,000 target from 116 investors (at the time of writing) via its crowdfunding campaign, carried out via Seedrs with 12 days left in the offering. Located… Read More

December 1, 2023 @ 8:13 am By Omar Faridi  |  

Trulioo, a global identity verification platform, announced its partnership with Public, a U.S. investing platform for stocks, ETFs, crypto, Treasury bills and alternative assets that is allowing U.K. investors access to U.S. stocks. Public chose Trulioo Person Match identity verification “to achieve the highest onboarding… Read More

November 30, 2023 @ 6:54 pm By Omar Faridi  |  

KPMG has commented on the recently released Bank of England money and credit data. Karim Haji, Head of Financial Services at KPMG UK, comments on today’s Money and Credit Data from The Bank of England: “Consumer borrowing was down slightly in October, which could be… Read More

November 30, 2023 @ 9:23 am By JD Alois  |  

LendInvest (LSE:LINV) says it has completed its largest securitization ever at £410 million of mortgage loans (Mortimer BTL 2023-1). This is the fifth securitization completed by the Fintech for BTL (Buy to Let) mortgage loans. LendInvest is a short-term loan originator that has done well… Read More

November 30, 2023 @ 8:51 am By Omar Faridi  |  

Business confidence in the United Kingdom reportedly rose “to 42% in November, a three-point increase, to reach the highest level since February 2022, before the energy crisis which followed the outbreak of the war in Ukraine.” The rise in business confidence in the UK is… Read More

November 30, 2023 @ 8:47 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has announced proposals to require personal investment firms to set aside capital so that they can “cover compensation costs and ensuring the polluter pays when consumers are harmed.” The proposals from the FCA would “require personal investment firms –… Read More

November 29, 2023 @ 10:25 am By JD Alois  |  

HM Revenues and Customs (HMRC) has posted guidance on how to pay taxes on the income or gains created by crypto investments. HMRC states: “You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will… Read More

November 29, 2023 @ 9:40 am By JD Alois  |  

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385. According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with… Read More

November 28, 2023 @ 9:20 am By JD Alois  |  

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

November 28, 2023 @ 7:56 am By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers, has announced the appointment of Dan Teodosiu to the Board as a Non-Executive Director. Dan has over 30 years of experience “building and managing high-performing engineering and research teams, as well as scaling platforms… Read More

November 28, 2023 @ 6:28 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has launched a new Buy-to-Let product suite “with bold reductions and larger loan sizes to support professional landlords around the UK.” LendInvest (LSE:LINV) is supporting landlords “with up to 30bps off across its range of two, five and… Read More

November 27, 2023 @ 7:36 am By Omar Faridi  |  

Volt, the global real-time payments platform, announces its expansion into Australia following a period of sustained growth for the UK-headquartered fintech company. Following Volt’s $60m funding round earlier this year, this development “marks the latest step in its ambitious growth plans to meet market demand… Read More

November 27, 2023 @ 7:32 am By Omar Faridi  |  

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… Read More

November 26, 2023 @ 11:56 pm By Omar Faridi  |  

A total of 1,098 venture capital (VC) funding deals worth $12 billion were announced in the UK during January-October 2023. Both deal volume and value recorded year-on-year (YoY) decline “compared to the VC funding activity registered during January-October 2022,” reveals GlobalData, a data and analytics… Read More