Zopa Bank Reports £4 Billion in Customer Deposits
Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.
UK
Bank of England Urges UK Payment Companies to Upgrade Operational Resilience
Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.
The Rise of Build-to-Rent: A New Frontier in the UK’s Property Investment Landscape
In recent years, the UK’s property market has seen a transformative shift with the rise of the build-to-rent (BTR) sector. This model, which focuses on constructing residential properties specifically for rental purposes, is rapidly gaining traction.
NatWest Issues First IP-Backed Loan to Sci-Net
The new High Growth IP Loan that Sci-Net secured from NatWest has been developed in cooperation with specialist IP evaluation company Inngot to help unlock the funding gap for high-growth firms.
Barclays Reports Earnings
On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.
ComfortDelGro Gets Green Loan From DBS to Accelerate Decarbonization of its UK Bus Fleet
SGD 100 million loan facility provided by DBS will be used to make the global operator ComfortDelGro’s bus fleet greener in the UK.
UK Economy Demonstrates Growth
In the United Kingdom, gross domestic product (GDP) showed an increase of 0.1% in February compared with the result for January.
UK Retail Sales Demonstrate Positive Dynamic
In the United Kingdom, retail sales in the first two months of the current year turned out to be higher than preliminary expectations.
Revolut Launches Point of Sale iPad App
British neobank Revolut has rolled out an iPad POS application for the hospitality industry which combines payment processing with analytics.
NatWest to End BNPL Product
NatWest has announced its intention to stop the Buy Now, Pay Later (BNPL) product.
Nationwide Building Society to Acquire Virgin Money
The bank Nationwide Building Society, which is based in the United Kingdom, plans to acquire retail lender Virgin Money.
Revolut CEO Warns About Risk for London Status as FinTech Hub
Revolut’s new CEO in the United Kingdom is committed to being sure that London does not lose its status as a fintech technology hub in the future.
Neobank Monzo Raises $430 Million
Digital bank Monzo, which is based in the United Kingdom, on Tuesday, March 5, announced that it had managed to raise new capital for $430 million from investors.
Jeremy Hunt Announces New UK Manufacturing Funding
Chancellor of the Exchequer of the United Kingdom Jeremy Hunt on Monday, March 4, announced new funding designed to support the UK manufacturing sector.
SumUp Reportedly Aims to Raise $1.1 Billion to Refinance Debt
The media reports that the SumUp payment company, which is based in London, intends to raise €1 billion ($1.1 billion) from private creditors.
Monzo Aims for £4 Billion Valuation
Monzo, a fintech unicorn based in the United Kingdom, is set to achieve a £4 billion valuation as part of its latest funding round.
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