Tagged: united kingdom

February 13, 2025 @ 7:45 am By Omar Faridi  |  

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

February 13, 2025 @ 7:37 am By Omar Faridi  |  

Data shared by Regtech Sumsub shows that three quarters of UK dating app users have come across deepfakes, “19% have personally been deceived by one, and 22% have had someone close to them misled by AI.” Regtech Sumsub pointed out that in the last five… Read More

February 12, 2025 @ 8:33 am By Omar Faridi  |  

Bitpanda has reached another regulatory milestone, securing approval from the UK’s Financial Conduct Authority (FCA) to operate in the United Kingdom. Bitpanda is a top Fintech success story emerging from Austria. Alongside the MiCAR license, this means that Bitpanda will aim to cement its position… Read More

February 11, 2025 @ 12:03 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has launched options trading in the UK. Jordan Sinclair, President of Robinhood UK, said that options trading in the UK has been historically difficult due to high fees and complicated platforms. Their service is said to be both affordable and accessible for their… Read More

February 11, 2025 @ 7:59 am By Omar Faridi  |  

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds’ broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive… Read More

February 11, 2025 @ 6:29 am By JD Alois  |  

British Business Investments will provide £25 Million to Shire Leasing and Shire Securities. The goal is to support smaller firms, specifically in the agriculture, business services, manufacturing, and construction sectors. The British Business Bank stated that it has had a successful operating relationship with Shire… Read More

February 10, 2025 @ 2:17 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it had almost 20,000 financial advertisements pulled or changed during 2023 – almost double the year prior. The FCA specifically mentioned promotions involving crypto, debt, and “claims management company” (CMC). CMCs came from 46 authorized CMC firms, affecting… Read More

February 10, 2025 @ 1:10 pm By Omar Faridi  |  

Financial Cloud, a provider of enterprise software solutions, partnered with bank payment company GoCardless to improve payments for financial service providers in the United Kingdom. This collaboration will see GoCardless’ Direct Debit payments and Instant Bank Pay (IBP), its open banking payment feature for “one-off… Read More

February 9, 2025 @ 8:58 am By Omar Faridi  |  

CapitalRise has reported a strong financial performance, achieving growth across all aspects of its business, despite challenging market conditions that led the company to prioritize bridging finance in the first half of the year. The prime property finance platform recorded a trading profit of £105,000… Read More

February 8, 2025 @ 8:29 am By Omar Faridi  |  

Online payments firm Paysafe (NYSE: PSFE) is reportedly considering a sale after receiving takeover interest, according to a Bloomberg report. The company has enlisted the help of a financial advisor to explore its options, although deliberations are ongoing, and no decision has been made. Paysafe… Read More

February 7, 2025 @ 6:05 am By Omar Faridi  |  

Digital-only financial providers (such as neobanking platforms like Monzo, Starling Bank and Revolut as well as fintechs like Klarna), expanded their overall reach from 16% of adults back in 2018 to a significant 50% in 2024 according to research from RFI Global, the data and… Read More

February 6, 2025 @ 11:30 am By JD Alois  |  

The Bank of England has cut benchmark rates by 25 basis points to 4.5%, a move anticipated by markets. The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024,… Read More

February 5, 2025 @ 11:45 pm By Omar Faridi  |  

Data from Experian finds that over 10 million people who hold a credit card with interest may be able to save “£1,391.69 in interest payments” annually by switching their existing balances to a balance transfer card (BT card) with a better deal. Experian’s data reveals… Read More

February 4, 2025 @ 8:15 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) announced that it has obtained VASP registration in the United Kingdom issued by the Financial Conduct Authority (FCA). Obtaining VASP registration in the UK is a crucial step for cryptocurrency businesses, as it allows them to operate legally and offer services to customers…. Read More

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

Total private equity investment activity in the UK rose by 4.4% in 2024, with deal values increasing to their “highest level for two years,” according to the  UK Private Equity Review from KPMG UK. This increase was as a result of a more “stable economic… Read More

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