Tagged: united kingdom

April 23, 2024 @ 9:43 pm By Omar Faridi  |  

According to PensionBee’s latest Pension Confidence Index, Brits feel more positive than negative about their retirement prospects, for the first time in six months. Positive pension sentiment has “surged in the last three months, with the Pension Confidence Indicator soaring to +22 in March 2024.”… Read More

April 23, 2024 @ 8:24 am By Omar Faridi  |  

CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA), proudly announces a partnership with Zodia Markets, a UK headquartered digital asset trading business, backed by Standard Chartered…. Read More

April 22, 2024 @ 8:45 am By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK, says that inflation could soon “return to target, but risks remain.” Yael Selfin points out that the overall outlook for inflation “remains broadly positive, however there are several risks which could cause a setback.” Yael Selfin adds that Oil prices have… Read More

April 22, 2024 @ 8:25 am By Omar Faridi  |  

Manchester Digital has launched its new Manifesto for the Northern Tech Economy, in advance of the Greater Manchester Mayoral elections on 2nd May. They are calling on the new Mayor of Greater Manchester “to seize the opportunity to turbocharge the northern tech economy with the… Read More

April 22, 2024 @ 8:24 am By Omar Faridi  |  

Chris Pacey is said to have more than 20 years’ experience with deep technical knowledge of receivables and ABL products. Prior to joining ThinCats, Chris was working as Head of Relationship Management at ABN AMRO Commercial Finance. Chris will work alongside the ThinCats business development… Read More

April 22, 2024 @ 8:22 am By Omar Faridi  |  

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes… Read More

April 22, 2024 @ 8:20 am By Omar Faridi  |  

UK’s Allica Bank is pleased to share that their firm achieved their first full year of profitability in 2023. Just three years since Allica Bank opened their doors to lending, it makes them one of the fastest fintechs in the UK to do so, the… Read More

April 20, 2024 @ 10:34 am By Omar Faridi  |  

Allica Bank says it is on a mission to give established businesses in the UK the banking they deserve. Allica Bank explains that it aims to “offer no-nonsense business banking built especially for firms with 5-250 employees, providing dedicated relationship manager support backed up with… Read More

April 20, 2024 @ 7:52 am By Omar Faridi  |  

SRM Europe, a subsidiary of SRM (Strategic Resource Management, Inc.) providing business advisory services across the United Kingdom and Europe, is pleased to announce the acquisition of Accourt Payments Specialists, a provider of payments consulting and strategic services. With a strong track record in payments,… Read More

April 19, 2024 @ 6:45 am By Omar Faridi  |  

UK-based Fintech Wise (LSE:WISE) has shared key updates from January-March 2024. The Wise Q1 2024 update has released important highlights for the Fintech platform. Here’s a few highlights: Wise says it helped customers “save an estimated £447,518, 882 in Q1.” Wise further claims that it… Read More

April 19, 2024 @ 6:44 am By Omar Faridi  |  

British Patient Capital has reportedly made a £7m investment in Wagestream – a financial benefits provider – as part of a £17.5m funding round. The investment was alongside other co-investors “including Lombard Odier Investment Managers and existing investor, Northzone.” With investment from social impact funds… Read More

April 18, 2024 @ 9:01 am By JD Alois  |  

CrowdProperty, a property investment platform, has announced a new feature called Instant Decision in Principle (iDIP). This feature aims to speed up the financing process for developers. The feature will be officially revealed at the Property Investor Show in London this weekend. CrowdProperty explains that… Read More

April 18, 2024 @ 8:38 am By Omar Faridi  |  

Revolut, the global financial app with more than 40 million customers worldwide, has  announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights. The report, based on extensive internal research and data analysis, “aims to shed light… Read More

April 18, 2024 @ 8:20 am By Omar Faridi  |  

With the UK rethinking its approach to AI legislation, Scott Dawson, Head of Strategic Partnerships at DECTA, an end-to-end payments solutions provider, has shared insights focused on examining what a divergence in the UK and the EU’s legislative approach in AI could mean. Scott Dawson,… Read More

April 17, 2024 @ 11:00 am By Omar Faridi  |  

Mambu, a cloud banking platform, and Leeds Building Society, the fifth largest building society in the UK, have entered a strategic partnership to help Leeds modernize its core banking system. By using Mambu, underpinned by Amazon Web Services (AWS), Leeds Building Society will have “an… Read More

April 17, 2024 @ 8:57 am By JD Alois  |  

Property funding marketplace CapitalRise has revealed a £6.5 million loan to develop the Mews House in the exclusive Mayfair neighborhood. The land is being issued in partnership with real estate debt and equity adviser Vishal Dixit, Arc & Co. The project plans to convert the existing layout… Read More

April 17, 2024 @ 8:20 am By Omar Faridi  |  

Innovate UK and the British Business Bank have further strengthened their collaboration by signing a Memorandum of Understanding (MoU). As partners dedicated to fostering innovation and growth of UK businesses “across the country, this new collaboration will see the two organizations working even more closely… Read More

April 17, 2024 @ 7:46 am By Omar Faridi  |  

Latest NatWest Regional PMI survey data showed business activity rising almost universally across the UK in March, “supported by a general upturn in demand.” Trends in employment remained “more mixed, with just over half of areas seeing growth in job numbers amid still-strong cost pressures.”… Read More

April 16, 2024 @ 1:36 pm By JD Alois  |  

European investment crowdfunding platform Seedrs is reporting that it raised £ 12.7 million from more than 6,000 investors via public campaigns during the month of March. Including all avenues of investment; primary offerings, secondary offerings, funds, and private deals, the number moves higher to £21.4… Read More

April 16, 2024 @ 11:12 am By Omar Faridi  |  

UK Finance has announced work on a new UK Regulated Liability Network (RLN) experimentation phase with eleven of its members. The UK RLN is envisaged as a common ‘platform “for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger… Read More