Tagged: united kingdom

March 20, 2025 @ 7:53 am By Omar Faridi  |  

Under 35s are embracing a ‘spend now, save later’ mindset when it comes to planning ahead in their finances – with a quarter (25%) having £500 or less saved. This, according to research findings from UK’s NatWest. While 18–35-year-old Brits have an “average of £9,579… Read More

March 20, 2025 @ 7:52 am By Omar Faridi  |  

Innovate Finance has responded to the UK Financial Conduct Authority’s (FCA) consultation DP 24/4 on Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets. According to UK Finance, the regime is an important one, essentially regulating so-called “Shit Coins” that offer little or… Read More

March 19, 2025 @ 12:08 pm By JD Alois  |  

Rachel Reeves, Chancellor of the Exchequer, will deliver the annual Spring Statement next week, with expectations of dramatic changes to the UK government’s economic policy. Reeves is anticipated to seek a balancing act of slashing government red tape and reducing government expenditures while adopting policies… Read More

March 19, 2025 @ 10:37 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender serving smaller businesses, has written to the Chancellor of the Exchequer, Rachel Reeves, asking her to include IFISAs in the ISA discussion. IFISAs, or innovative finance individual savings accounts, aim to allow alternative investments in retirement accounts. An IFISA can also… Read More

March 19, 2025 @ 10:19 am By JD Alois  |  

The Chancellor of the Exchequer, Rachel Reeves, has announced that the Digital Gilt Instrument (DIGIT) or UK Gilts, which leverages distributed ledger technology (DLT), will move forward. The Chancellor stated: “The UK is leading the way on digital innovation, and the creation of DIGIT will help to… Read More

March 19, 2025 @ 10:09 am By JD Alois  |  

Chancellor of the Exchequer Rachel Reeves has met with a group of top Fintechs in advance of next week’s Spring Statement, according to a report from Sky News. This follows an announcement about the UK government’s new policy of slashing red tape and reducing regulatory… Read More

March 19, 2025 @ 9:23 am By JD Alois  |  

CrowdProperty, a real estate investment platform, says it has launched a new product that will help developers gain greater financial flexibility. The “accelerated funding solution” or REAL (Residential Expertise Accelerating Lending) seeks to help developers overcome the challenge of slow and complex property development finance… Read More

March 18, 2025 @ 8:21 am By Omar Faridi  |  

UK Finance released its Plan for Growth, a blueprint designed to amplify the financial services sector’s role in driving the UK’s economic agenda. Submitted to the government earlier in March of this year, the suggested plan consolidates key insights from industry body UK Finance’s diverse… Read More

March 17, 2025 @ 11:19 am By JD Alois  |  

In advance of next week’s Spring Statement, Trustfull CEO Marko Maras has shared his opinion that anti-fraud measures should be one of the topics covered by the Chancellor of the Exchequer, Rachel Reeves. Maras says that AI-driven fraud is increasing the amount of fraud perpetrated… Read More

March 17, 2025 @ 10:00 am By JD Alois  |  

The UK is in regulatory reduction mode. The Chancellor of the Exchequer, Rachel Reeve, is scheduled to meet with top regulators as she pursues a policy of slashing red tape. The goal is to “make Britain the best place to do business and drive economic growth.” It… Read More

March 17, 2025 @ 7:56 am By Omar Faridi  |  

Marygold & Co., a money management app, has launched, simplifying personal finance and money management. The app aims to overhaul the UK‘s outdated banking system, characterized by a failure to understand how “intertwined our finances are with our day-to-day lives.” To achieve this, Marygold is… Read More

March 14, 2025 @ 5:10 pm By JD Alois  |  

Artificial intelligence or AI is the new hotness as everyone rushes to get a piece of the action. While more and more firms are leveraging the technology, AI remains in its infancy, with predictions of greatness still largely unrealized. This is not the only time… Read More

March 14, 2025 @ 4:47 pm By Omar Faridi  |  

Fasanara Digital, which is reportedly the $275M AuM crypto division of alternative credit specialist Fasanara Capital ($4.5B AuM) has launched a multi-strategy platform, which went live on Saturday 1 March with “an initial $36m under management. ” The Managed Account Platform (MAP) is currently allocated “across… Read More

March 14, 2025 @ 8:26 am By Omar Faridi  |  

The UK FinTech Awards 2025 shortlist has been unveiled, spotlighting a diverse range of companies and individuals driving innovation across the financial technology sector. This year’s entries reached a record high, reflecting the growing strength and competitiveness within the UK’s fintech ecosystem. The shortlist, announced… Read More

March 14, 2025 @ 8:24 am By Omar Faridi  |  

MorganAsh recently hosted a webinar featuring Jess Trueman, Head of Business Development at Smart Money People, alongside James Edmond and Martin Grimwood, to explore how businesses can enhance their board reporting on vulnerable customer data under the Consumer Duty framework. The discussion centered on aligning… Read More

March 13, 2025 @ 4:56 pm By Omar Faridi  |  

In a significant policy reversal, the UK’s Financial Conduct Authority (FCA) has scrapped its controversial proposal to routinely “name and shame” firms under investigation. In the US, it is common for regulators to name the firms or individuals under investigation. If a case is settled… Read More

March 13, 2025 @ 8:33 am By Omar Faridi  |  

The North East of England continues to drive regional growth for the UK, according to the latest NatWest UK Regional Growth Tracker for February. The index is said to be the “fact-based” indicator of regional economic health published each month, offering a snapshot of “performance… Read More

March 13, 2025 @ 8:14 am By Omar Faridi  |  

Development finance lender Magnet Capital has received further financial backing from existing funding partner, Shawbrook to expand its reach to more customers and support further growth. Based in London, Magnet Capital specializes in “supporting smaller builders and developers in the UK market who are often… Read More

March 12, 2025 @ 5:01 pm By JD Alois  |  

Financial management Fintech Mimo says it has raised $8.5 million in equity capital and $125+ million in “embedded finance.” Mimo is short for Money in, Money out. Mimo was founded in 2023 by Henrik Grim (CEO), Alexander Gernandt Segerby (CPO), and Andreas Meisingseth (CTO). The… Read More

March 12, 2025 @ 11:05 am By Tony Zerucha  |  

This past week, United Kingdom cashflow management platform Lenkie announced £49 million in Series A funding. The round, which includes £4 million in equity and a £45 million debt facility, was led by a “large US private credit fund focused on supporting lenders internationally.” Lenkie… Read More