Tagged: united kingdom

February 3, 2025 @ 8:10 am By Omar Faridi  |  

Lloyds Banking Group has announced important updates that focus on enhancing its artificial intelligence (AI) related capabilities. Lloyds Banking Group appointed Magdalena Lis as Head of Responsible Artificial Intelligence (AI), starting on 3 February 2025. This follows the appointment of Dr Rohit Dhawan as Director… Read More

February 1, 2025 @ 8:45 am By Omar Faridi  |  

A recent report by Morgan McKinley, in collaboration with Vacancysoft, reveals a significant increase in job vacancies in the UK fintech sector. The report shows a 44% rise in fintech job openings in 2024, reaching 12,519 vacancies, up from 8,672 in 2023. The surge in… Read More

January 31, 2025 @ 11:27 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is pursuing rules that aim to make it easier for listed companies to issue bonds and investors, including smaller ones, to invest in these assets. The FCA explains that it would like to encourage listed firms to issue bonds… Read More

January 31, 2025 @ 9:43 am By JD Alois  |  

Real estate investment platform CrowdProperty has a new CEO. According to a release, CrowdProperty has selected Steve Deutsch to replace co-founder Mike Bristow who has been CEO of the company since 2018. CrowdProperty said that Bristow is taking a needed sabbatical. Bristow’s LinkedIn profile still… Read More

January 31, 2025 @ 7:51 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to announce that it is strengthening its UK middle market product offering. Cowbell announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In his new… Read More

January 30, 2025 @ 12:38 pm By JD Alois  |  

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

January 29, 2025 @ 8:11 am By JD Alois  |  

Lloyds Banking Group is expected to close over 130 bank branches as it continues to downsize due to fewer customers utilizing physical locations. In a report by SkyNews, Lloyds Banking Group is said to be shuttering 61 Lloyds, 61 Halifax, and 14 Bank of Scotland locations beginning in… Read More

January 29, 2025 @ 7:49 am By Omar Faridi  |  

Vyne, a London-based real-time account-to-account payments platform, has announced that it will be winding down its UK operations effective April 22. This decision comes just months after Vyne was acquired by Tarabut, a Middle Eastern fintech company. According to a statement released recently on Vyne’s… Read More

January 28, 2025 @ 11:41 am By JD Alois  |  

Grey and Clear Junction will partner on global payments, according to a company release. Grey is a graduate of Y-Combinator in 2022. The Fintech aims to provide banking services in emerging markets. Current products include multi-currency accounts, real-time money transfers, and virtual cards. Grey targets… Read More

January 28, 2025 @ 10:14 am By JD Alois  |  

The UK government is looking to alter how defined benefit pension plans are managed by allowing excess funds to be funneled to private firms. This should also help boost economic growth in an economy that needs a bit of help. Today, Prime Minister Keir Starmer… Read More

January 28, 2025 @ 9:56 am By Omar Faridi  |  

An analysis by iwoca, one of Europe’s SME lenders, reveals that among major economies, SMEs believe that the UK offers the “least support” for businesses and performs the “worst” at creating wealth. Almost a quarter of SMEs (24%) identified the UK “as the worst compared… Read More

January 28, 2025 @ 8:16 am By Omar Faridi  |  

LendInvest (LSE: LINV), a UK property finance business, announces it passed a key milestone with over £5bn in Funds Under Management (FUM). The FUM total now reportedly stands at £5.14bn, boosted by a “£500 million upsize from one of the business’s existing institutional investors.” Today’s FUM… Read More

January 28, 2025 @ 8:11 am By Omar Faridi  |  

Supporting smaller businesses in the UK is crucial because they are the backbone of the nation’s economy, contributing significantly to employment, innovation, and regional development. That’s why Funding Circle UK are pleased to have played a part in this effort through a key partnership. Together,… Read More

January 27, 2025 @ 8:44 am By Omar Faridi  |  

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking for UK residents, offered a multi-currency app and debit card. Users could hold and transact in over… Read More

January 27, 2025 @ 7:50 am By Omar Faridi  |  

Adclear, a Regtech startup dedicated to transforming compliance processes for fast-growing fintech companies, has raised £510,000 in pre-seed funding. Investors Haatch, Force Over Mass, and Founders Capital have backed the venture to support Adclear’s mission of automating financial services marketing compliance. The company addresses the… Read More

January 26, 2025 @ 3:22 pm By Omar Faridi  |  

Investment platform Lightyear has made an entry into the UK Individual Savings Account (ISA) market by launching two products: a 4.75% Cash ISA and a Stocks & Shares (S&S) ISA. Designed to help UK consumers grow their wealth, these ISAs aim to prioritize flexibility, transparency,… Read More

January 26, 2025 @ 12:15 pm By Omar Faridi  |  

Research from embedded finance firm Weavr, conducted through Censuswide, revealed that workers lose around £690 million every year in unclaimed and unpaid expenses in the United Kingdom. Surveying more than 500 office workers based in the UK, Weavr found that 81% of respondents say they… Read More

January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

January 25, 2025 @ 5:22 pm By Omar Faridi  |  

The Bank of London has missed the deadline for filing its 2023 accounts with Companies House, marking a significant issue for the financial institution. The accounts were due by December 31, 2024, but the bank has yet to file them, causing concern among stakeholders. According… Read More

January 25, 2025 @ 5:19 pm By JD Alois  |  

Andreessen Horowitz’s crypto business, or a16zcrypto, is exiting the UK market. a16z opened its London office in 2023, intending to create a Crypto Startup School accelerator program. Via X, Anthony Albanese, head of crypto at a16z, said that while they are excited about crypto development in… Read More