Private Banking Startup Kashet Raises £5.4 Million
Kashet startup, whose offices are located in the UK and Switzerland, came out of hiding after raising £5.4 million in investment funds following the results of an entry-level funding round.
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Lloyds Bank to Move Trade Finance Documentation to Blockchain
Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients
Barclays Bank to Trim More Branches
Barclays Bank continues to actively implement a policy of abandoning the use of traditional branches.
CryptoUK Calls On Government to Intervene Over Bank Restrictions
The CryptoUK Trade Association has sent a letter to the UK government expressing deep concern over the recent actions of banks to restrict purchases of cryptocurrencies.
BoE Plans to Change SMB Lending
Bank of England has revealed its plans to change the capital treatment for small business (SMB) lending, calling for a more risk-based approach
UK Tax Authorities Change the Way Crypto Profits Should Be Filed
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
FCA Takes Aim at Payment Firms Over Unacceptable Risks
The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.
NatWest Sets Daily Crypto Purchase Limits
NatWest has become the latest British bank to decide on restrictions for customers buying cryptocurrency.
Binance Suspends Sterling Deposits and Withdrawals
The Binance crypto exchange announced the decision to temporarily stop deposits and withdrawals in pounds sterling.
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
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.
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.
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.
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.
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.
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.
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