Navigating the Next Phase: UK Insurtech’s Trajectory and Future Trends
Amid the dynamic shifts and technological transformations shaping the insurance sector, the United Kingdom emerges as a key hub for insurtech innovation. Aman Behzad, MD of Royal Park Partners – a fintech-focused corporate finance advisory firm – offers valuable insights and expertise to navigate the complex terrain of the insurance industry’s transformation. Aman Behzad, MD […]
67% of all Crypto Transactions in the UAE Exceeded $1million; Reveals Chainalysis Report
The majority of crypto transactions in the UAE exceed values of $1million, blockchain data platform Chainalysis has revealed in its fourth annual ‘Geography of Cryptocurrency’ report. Overall in the UAE, 67 per cent of all cryptocurrency transactions were for institutional investments (values exceeding $1million), followed by professional investments (values between $10,000 to $1million) – while retail […]
Backbase Partners With FrankieOne to Help Customers Securely Access Digital Financial Services
Backbase, the engagement banking firm, has joined forces with FrankieOne, an Australian identity verification and fraud prevention platform provider, to enable banks and credit unions in Australia and New Zealand to onboard customers and members seamlessly. The Backbase and FrankieOne partnership combines Backbase’s personalised banking experience platform with FrankieOne’s robust identity verification solutions, making it […]
Economic Conditions hit 79% of Non-Bank Lenders Hard, but Specialised Firms Continue to ‘Thrive’
Difficult economic conditions continue to hit non-bank lenders hard, as 79 per cent report that the economy has had a negative impact on their operations; according to a new report by business data API provider Codat. A Codat study of 115 business lenders in the US and UK found that digital lenders are also seeing a […]
MENA Fintech Association Develops MEA Fintech Regulations With Policy & Regulations Working Group
The MENA Fintech Association (MFTA), the not-for-profit organisation dedicated to fostering fintech innovation across the Middle East and Africa, has announced the establishment of its Policy & Regulations Working Group. The newly established Policy and Regulations Working Group assumes a pivotal role in facilitating collaboration. This is especially the case among think tanks, legal experts, […]
‘Uncoordinated’ UK Grant Schemes Cause Confusion About Home Energy Efficiency Options, Says Snugg
Seventy-five per cent of Brits planning to sell property in the next 12 months would consider energy efficiency changes to increase its value, new research from home efficiency innovation platform Snugg has revealed. Average house prices are continuing to fall and rising mortgage rates are blocking out potential buyers. As a result, potential sellers may now […]
UK Fintech News Roundup: The Latest Stories 27/09
Every Wednesday, we delve into the latest fintech updates from across the UK. This week brings updates from Ebury, Visa, Which?, Legal & General and iplicit. UK SMEs increase pace of debt repayments in 2023 Throughout the first half of 2023, SMEs saw net lending decrease by £5.3billion. New research by Ebury, the UK fintech […]
Coinbase Registers as Crypto Exchange With Bank of Spain as it Continues International Expansion
Coinbase has registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain and has obtained the necessary licenses. As a result, the crypto exchange platform can now offer its full suite of products and services to both retail and corporate clients across Spain. Coinbase explained that its AML registration with the […]
Hong Kong Securities and Futures Commission Reinforces Virtual Asset Rules After JPEX Debacle
Hong Kong’s Securities and Futures Commission (SFC) is implementing a series of enhanced measures to reinforce information dissemination and investor education, following recent concerns regarding unregulated virtual asset trading platforms (VATPs). The news swiftly follows a high-profile case involving unlicensed crypto exchange JPEX, which SFC has accused of misleading investors. It believes that JPEX was […]
Currencycloud Established in Chinese Cross Border Payment Market as Customer Growth Triples
According to research from the global investment bank, Goldman Sachs, Chinese international payments have doubled in the last decade. Capitalising on this growth, and in turn, accelerating cross-border payments further since setting up its headquarters in the region, Currencycloud has tripled its customer growth rate. In 2021, Currencycloud, the cloud-based B2B cross-border payments platform established […]
