Tag: UK

Invest tech, Trading

UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards

January 8, 2024

Via: Blockchain News

The United Kingdom’s cryptocurrency landscape is undergoing significant changes as it aligns with the Financial Services and Markets Act. This pivotal development, marking a substantial shift in regulatory approach, aims to apply rigorous standards, akin to those in traditional financial […]

Invest tech, RegTech

Redefining Regulation: Innovate Finance Urges UK to Prioritise Fintech Innovation

August 18, 2023

Via: The Fintech Times

In a proactive step, Innovate Finance has articulated its vision in response to HM Treasury’s recent call for strategies on refining and gauging the success of UK financial regulators’ new competitiveness objectives. This dialogue comes on the heels of the […]

Invest tech, Trading

First Crypto Exchange Registered in the UK by FCA Since UK Treasury Consultation

June 14, 2023

Via: The Fintech Times

Since the UK Treasury marked the next stage of the UK’s approach to crypto regulation with its consultation in February, no exchange has been registered by the FCA. Bitstamp is the first. The Bitstamp group’s accomplishment is even more impressive […]

Invest tech, Trading

UK, Thailand to improve trading

January 20, 2023

Via: ThePaypers

The UK Centre for Digital Trade and Innovation (C4DTI) and the Electronic Transaction Development Agency (ETDA) have partnered to improve trading between the UK and Thailand. As detailed in the press release, the partnership project is funded by the Foreign […]

Invest tech, RegTech

UK regulators fine TSB £48.6m over “operational resilience failings”

December 20, 2022

Via: FinTech Futures

The FCA states that following the update, while the data for the bank’s corporate and customer services was migrated successfully to the new IT platform, the platform “immediately experienced technical failures” leading to “significant disruption” in TSB’s banking services, including […]

Banking Tech, Digital Lending and Credit

More Than Half of UK SMEs Believe Access to Finance Will Become Harder

October 27, 2022

Via: The Fintech Times

The credit environment will be challenging for the foreseeable. Over the next three years, almost half (46 per cent) of SMEs believe accessing credit/finance/borrowing will get more difficult. This level of perceived difficulty rises to 64 per cent for those […]

Paytech, Wholesale

Lloyds Bank partners Billhop for B2B payments

October 21, 2022

Via: FinTech Futures

Billhop says that the partnership will enable Lloyds Bank’s clients to “overcome common card-payment barriers stemming from low card acceptance rates on the supplier side”. Businesses will be able to pay all invoices using the bank’s Commercial Card, including invoices […]