Tagged: united kingdom

March 5, 2025 @ 9:57 pm By Omar Faridi  |  

Bondsmith, the UK’s cash savings fintech, is pleased to announce the launch of the country’s FSCS-insured bank deposit sweep, bringing cash management solution to British savers. Claiming to be motivated or “inspired” by the FDIC sweep programs in the United States, Bondsmith’s new offering “enhances… Read More

March 5, 2025 @ 10:24 am By JD Alois  |  

MiCA, or Markets in Crypto Assets, is a regulatory ecosystem created by the European Union. The rules provide guidance for most digital assets with the exception of digital securities. Eunice AI has announced a  MiCA whitepaper library to facilitate compliance for digital asset firms interested in… Read More

March 4, 2025 @ 7:59 am By Omar Faridi  |  

UK Finance has released its latest Household Finance Review for Q4 2024, which explores trends in household spending, saving, and borrowing. UK Finance noted in the update that the mortgage market strengthened in Q4 2024, with both first-time buyers and home mover numbers “up by… Read More

March 3, 2025 @ 5:02 pm By JD Alois  |  

In the US, the number of publicly listed firms has been on the decline for many years now. The number of public firms listed on the London Stock Exchange has experienced a similar drop in the number of listings. This phenomenon has rattled policymakers in… Read More

March 3, 2025 @ 9:45 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has share preliminary results for the year ended 31 December 2024. LSEG is reporting strong growth, “accelerating product innovation, significant margin improvement, equity free cash flow £2.2 billion; positive outlook for 2025.” David Schwimmer, CEO at LEG said: “We… Read More

March 3, 2025 @ 8:20 am By Omar Faridi  |  

Prograd, a UK-based side hustle platform for Gen Z in the UK, empowering users to master financial basics through “engaging education” while earning money through online side hustles, has raised £755,470 (at the time of writing) of its £800,000 target via Crowdcube from 46 investors…. Read More

March 2, 2025 @ 5:21 pm By Omar Faridi  |  

  The venture capital  or VC funding landscape in the UK market saw a year-on-year (YoY) decline in deal volume by “12.6% from January 2024 to January 2025, with the number of deals dropping from 87 to 76.” Despite this decrease in deal volume, the… Read More

February 28, 2025 @ 9:45 am By JD Alois  |  

It has been widely reported that multiple bank apps were not accessible by consumers. These include the Bank of Scotland, Lloyds, TSB, and Halifax Bank—all of which fall under the Lloyds Banking Group. Reportedly, Nationwide Building Society was also impacted. The issue is now apparently… Read More

February 28, 2025 @ 9:01 am By Omar Faridi  |  

Innovate Finance, the industry body for UK based Fintech firms, has recently announced the launch of RegTech UK with the aim of improving the regulatory and policy environment for a sector that will be a core component of future growth in the UK. Under the… Read More

February 27, 2025 @ 7:30 am By Omar Faridi  |  

Research from PensionBee reveals that Londoners are far more enthusiastic about using artificial intelligence (AI) to help manage their finances compared to the rest of the UK. A nationally representative survey of 1,000 UK adults examining attitudes toward AI in pension customer support revealed “that… Read More

February 26, 2025 @ 9:28 pm By Omar Faridi  |  

More than a third (38%) of finance brokers say lower taxes are needed in order to boost SME growth this year in the UK, according to iwoca’s latest SME Expert Index. The latest research report from European Fintech firm iwoca has noted that this is… Read More

February 25, 2025 @ 7:32 am By Tony Zerucha  |  

The British Business Bank has agreed to a further £100 million increase to its existing ENABLE Guarantee transaction with leading Fintech Oxbury Bank, a UK bank with a singular focus on farmers, food production and the rural economy. The ENABLE Guarantee program encourages additional lending… Read More

February 23, 2025 @ 11:59 pm By Omar Faridi  |  

In a step toward enhancing public sector payments, the UK government has reportedly opened bidding for a £49 million contract to embed open banking technology into its Gov.UK Pay platform. Announced on February 19, 2025, by the Government Digital Service (GDS), this procurement initiative aims… Read More

February 23, 2025 @ 5:17 pm By Omar Faridi  |  

The UK’s Competition and Markets Authority (CMA) has imposed a hefty £104.5 million fine on four global banking giants—Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada (RBC)—for “illegally” sharing sensitive details regarding UK government bonds, known as gilts, between 2009 and 2013. Unveiled… Read More

February 23, 2025 @ 5:16 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, has entered a new partnership with Combined Independent Holdings (CIH), the UK arm of Euronics—Europe’s electrical buying group—to integrate Klarna’s flexible payment options into Euronics.co.uk. This collab marks the start of a rollout that will aim to extend… Read More

February 20, 2025 @ 8:41 am By Omar Faridi  |  

Five fintechs have been selected to take part in NatWest’s Fintech Growth Program. After the launch in December and after a process of pitches, presentations and interviews, TunicPay, Ask Silver, mmob, Aperidata and Sprive were selected to take part in the program supported by NatWest…. Read More

February 20, 2025 @ 8:38 am By Omar Faridi  |  

Crowdcube has reportedly returned to growth in 2024 following a challenging year in 2023. In filings with Companies, full accounts covering 2023 revealed a troubling picture. For 2023, Crowdcube generated revenue of £7,549,480 and an operating loss of £6,650,910. In 2022, revenue was reported at… Read More

February 20, 2025 @ 8:17 am By Omar Faridi  |  

Total UK fintech investment has reportedly declined to $9.9 billion in 2024, down a considerable 27% from $13.6 billion in 2023, according to KPMG’s Pulse of Fintech, a comprehensive report on fintech investment trends. KPMG noted in the research report that geopolitical uncertainty, high levels… Read More

February 19, 2025 @ 1:26 pm By JD Alois  |  

VC math, or valuations of private firms, has long been more of an art than a science. The friction between investors and firms raising capital is well known. Too low, and money is left on the table. Too high and a future down round, or… Read More

February 19, 2025 @ 12:47 pm By JD Alois  |  

The UK Financial Conduct  Authority (FCA) and Payment Systems Regulator (PSR) have published a statement on the rise and usage of digital wallets. The two regulators note that the use of digital wallets has grown in recent years, with card transactions using a digital wallet… Read More