UK - page 19

News

Binance Suspends Sterling Deposits and Withdrawals

The Binance crypto exchange announced the decision to temporarily stop deposits and withdrawals in pounds sterling.

News

Experian to Pilot Credit-Building Service

Experian will pilot a new service for “credit invisibles”– people with little to no credit history – to get better access to mainstream financial services and start their credit-building journey

News

Bank of London Offers to Buy Silicon Valley Bank’s UK Operations

The Bank of London has taken the initiative to acquire the British operations of the Silicon Valley Bank, which closed at the end of last week.

News

Numeral Launches in UK to Help Fintechs Access EU Markets

The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.

News

Yapily and Zilch Partner on Affordable Credit Solutions in UK

Yapily and Zilch announced the beginning of cooperation to provide affordable lending solutions to UK residents.

News

Lloyds Invests £10 Million in Digital ID Firm Yoti

Lloyds Banking Group has invested 10 million pounds for the development of the digital identification company Yoti.

News

Nationwide Overhauls Payment Processing With Accenture and Form3

Nationwide Building Society has partnered with Accenture and A2A platform provider Form3 to transform its digital payments infrastructure through the introduction of a cloud platform.

Fintech & Ecommerce

Smart Lending Fintech Abound Raises £500 Million

Abound, a fintech company based in the UK has reported raising funds for 500 million pounds as a result of a combination of debt and equity financing.

News

Bybit Rolls Out Crypto-To-Fiat Debit Card

Crypto exchange Bybit has launched the first phase of the rollout of Mastercard crypto-to-fiat debit card, which supports a number of blue-chip cryptocurrencies

News

UK Government Announces Delay to Pension Dashboard Initiative

The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.

Fintech & Ecommerce

Innovate Finance Calls For Expanded Open Banking

The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.

Finance & Economics

UK Challenger and Specialist Bank SME Lending Hits Record High

In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.

News

Klarna to Introduce Charges for Late Payments

Swedish fintech company Klarna has announced the start of charging late payments from customers in the UK.

News

Belfast Awards £18.9 Million Grant for Cyber AI Hub

The Minister of State of Northern Ireland, Steve Baker, announced the decision of the UK government to allocate investment funds for 18.8 million pounds for the development of the security industry in this country.

News

NatWest and NAB Recommend Australia to Create Organization Modeled on OBIE

NatWest Bank and National Australia Bank (NAB) of Australia announced the need to consider the possibility of creating an organization in the Australian financial system like the British OBIE, which would help ensure the maximum level of efficiency of interaction between industry representatives and regulatory authorities.

News

Car Finance Fintech Carmoola Closes £8.5 Million Series A

The British company Car finance fintech Carmoola announced that it managed to attract investments in the amount of 8.5 million pounds following the results of the Series A financing round.