Tagged: united kingdom

September 14, 2023 @ 8:24 am By Omar Faridi  |  

Experian has announced a deal with Konfir in a move that is set to transform the pre-employment checking process for both candidates and employers. By adding Experian’s income and employment verification solution, Work ReportTM1, to its existing offering, Konfir reportedly “becomes the first provider in… Read More

September 14, 2023 @ 8:11 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Paysend, a UK-based fintech, have today expanded their collaboration to enhance cross-border payments for small and medium enterprises (SMEs), which are increasingly looking “for ways to send money or pay vendors across the globe quickly and securely.” While digital payments are… Read More

September 12, 2023 @ 8:37 am By Omar Faridi  |  

The month of August has shown “promising growth” on Mintos. As noted in a blog post by Mintos, the total investments saw “a significant increase of €99.5 million worth of Notes funded, and interest earned by investors climbed to €4.3 million.” The average interest rate… Read More

September 11, 2023 @ 8:19 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platforms, have announced that its acquisition of the Curtis Banks Group has received all necessary regulatory approvals. The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Solicitors Regulation Authority (SRA) have all “issued their approvals,… Read More

September 11, 2023 @ 8:12 am By Omar Faridi  |  

Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s whitepaper provides “a comprehensive look at current attitudes towards, and actions to develop, embedded-finance offerings by UK financial institutions.” Amongst the key findings, the research… Read More

September 11, 2023 @ 8:06 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, is reporting solid progress on-site at one of the schemes that they recently funded in Cambridge, where the borrower “intended to acquire, convert and extend an existing building into nine apartments.” At Blend Network, they are supporting… Read More

September 11, 2023 @ 7:56 am By Omar Faridi  |  

UK recruitment activity weakens in August “amid caution over economic outlook,” according to an update shared by KPMG. KPMG has shared some key findings: The steepest drop in permanent placements for over three years Temp billings declined for the first time since July 2020 Pay… Read More

September 10, 2023 @ 11:42 pm By Omar Faridi  |  

LHV Bank, the UK’s newest licensed bank, has rolled out a new loan system for its SME Lending division, transitioning to the cloud-based banking system of its SaaS partner, Tuum. This move consolidates the bank’s architecture, “enhances resource allocation, and establishes a robust futureproof framework,… Read More

September 10, 2023 @ 5:46 pm By Omar Faridi  |  

At PayPal (NASDAQ:PYPL), they’re committed to harnessing the power of their technology and scale to support charities and help people give back to the causes they care about. They are now pleased to share that PayPal Giving Fund is “expanding its partnership with Meta (NASDAQ:META)… Read More

September 10, 2023 @ 5:27 pm By Omar Faridi  |  

Paysafe (NYSE: PSFE), a payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution. This collaboration aims to “provide a joint embedded finance solution for Eightcap and… Read More

September 10, 2023 @ 5:08 pm By Omar Faridi  |  

Research from digital identity security specialists, ID Crypt Global, reveals that the number of businesses operating in the UK’s digital identity theft protection market is “set to increase 5% despite market revenue still struggling to match pre-pandemic levels.” ID Crypt has measured the market size… Read More

September 10, 2023 @ 6:52 am By Omar Faridi  |  

The Board of NatWest Group plc is pleased to announce that Richard Haythornthwaite (Rick) will succeed Sir Howard Davies as Chair, subject to regulatory approval. Rick will join the Board of NatWest Group plc as “an independent non-executive director on 8 January 2024 and following… Read More

September 9, 2023 @ 4:13 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

September 9, 2023 @ 3:28 pm By Omar Faridi  |  

As momentum for crypto builds around the world, Coinbase (NASDAQ:COIN) is executing on Phase II of their “Go Broad, Go Deep” strategy for international expansion. Coinbase says that it sees the following: 1) enactment of clear rules; 2) innovation of more efficient, more accessible products… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

September 8, 2023 @ 9:42 am By Omar Faridi  |  

Executing on its global approach to building an end-to-end financial technology platform, Adyen’s UK banking authorization secures ongoing service levels for UK businesses. Adyen (ADYEN:AMS), the global financial technology platform of “choice” for businesses, announced that its UK branch has been “granted authorization as a… Read More

September 8, 2023 @ 8:46 am By Omar Faridi  |  

A market report shared with CI reveals that UK hiring activity has slowed down, with London set to lose another name. As noted in the update: FTSE 100 opens marginally higher, reports show UK hiring activity slowed in August Competition probe wipes hundreds of millions… Read More

September 8, 2023 @ 8:43 am By Omar Faridi  |  

Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital in order “to further accelerate its growth, supporting its vision to become Britain’s best bank.” The funding will ” fuel Zopa’s continuous growth and expansion.” It brings the total capital raised by Zopa… Read More

September 7, 2023 @ 11:32 am By JD Alois  |  

Mangopay, a payments Fintech that holds a significant market share in the marketplace (crowdfunding) sector, has announced a partnership with Kriya, a B2B payments and credit provider. Mangopay believes that by working with Kriya it can boost its relevance by providing credit at the point… Read More

September 7, 2023 @ 9:28 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has indicated its willingness for a certain amount of leeway for registered crypto firms to adhere to forthcoming rules. The regulator says that registered or authorized firms may “apply for flexibility”  on implementing a cooling off period when other… Read More