Tagged: thecityuk

November 26, 2022 @ 9:01 am By Omar Faridi  |  

The UK and Singapore have agreed a new MoU “boosting fintech trade and cooperation at their 7th Financial Dialogue in Singapore.” The UK and Singapore agree a Memorandum of Understanding (MoU) “on the UK–Singapore FinTech Bridge to remove barriers to fintech trade and boost cooperation.”… Read More

May 31, 2021 @ 10:17 am By Omar Faridi  |  

Major banking institutions in the UK like Barclays have decided to block or prevent their clients from transferring money to virtual currency exchanges. Digital banking Fintechs such as Monzo and Starling Bank have also been cracking down on crypto-related entities and transactions they may be… Read More

November 23, 2020 @ 10:42 pm By Omar Faridi  |  

The HM Treasury has stated that it’s ultimately the responsibility of lenders, and not necessarily the nation’s government, to recover debts under the different COVID-19 loan schemes and packages. The UK government’s four main business support schemes, which includes the Coronavirus Business Interruption Loan Scheme… Read More

May 11, 2020 @ 8:25 am By Omar Faridi  |  

United Kingdom’s trade group, TheCityUK, recently recommended that the country should update its regulatory framework for Fintech, as the COVID-19 crisis has made it challenging for businesses to operate while following traditional models of finance. There are around 1,600 Fintech companies based in the UK…. Read More