The global fintech investments remained flat during the first half of 2022.
In total, the UK financial technology sector attracted $9.1 billion in the mentioned period.

Wednesday, 20/07/2022 | 11:24 GMT by Bilal Jafar

Institutional FX

Digital Broker GCEX Introduces 24/7 Forex Trading

The FX trading is mirrored after the company's cryptocurrency trading.
GCEX already offers all-hour crypto trading.

Wednesday, 20/07/2022 | 07:30 GMT by Solomon Oladipupo

Brokers

Capital.com Adds 1 Million New Users in Q2, Injects £2.5M into UK Business

The broker witnessed a significant jump in its UK revenue.
The trading volume by UK traders jumped 18 percent in Q2.

Tuesday, 19/07/2022 | 09:18 GMT by Arnab Shome

Retail FX

UK Court Closes Down Genesis11, Says Online Broker Is Unregulated

At least seven investors lost £263,000.
The Official Receiver of the Public Interest Unit has been appointed as the liquidator.

Monday, 18/07/2022 | 14:35 GMT by Solomon Oladipupo

Executives

UK Regulator FCA Appoints Six Directors to Bolster Three-Year Plan

The directors are to help the FCA deliver on its three-year plan.
The plan seeks to prevent harm, set higher standards and promote competition.

Tuesday, 05/07/2022 | 17:31 GMT by Solomon Oladipupo

News

UK Firm Transact365 Achieves 300% Year-on-Year Growth

Its chargeback ratio stands at 0.004%.
The growth is recorded in its third year of European operations.

Wednesday, 29/06/2022 | 19:42 GMT by Felipe Erazo

Retail FX

Britons Lost over £1.3 Billion to Online Scams in 2021

There was a jump of 39 percent in authorized push payment (AAP) fraud.
Scammers took advantage of the pandemic to trap victims.

Wednesday, 29/06/2022 | 11:00 GMT by Arnab Shome

FinTech

Tax Violation: FCA Opens Investigation on Wise’s CEO after £365k Fine

In September 2021, the FCA listed Kaarmann as one of several 'deliberate tax defaulters'.
Wise will fully cooperate with the FCA, report says.

Monday, 27/06/2022 | 13:53 GMT by Solomon Oladipupo

News

Tether to Launch GBP-Pegged Stablecoin

The new stablecoin will be pegged to GBP at a 1:1 ratio.
It is scheduled for an early July launch.

Wednesday, 22/06/2022 | 09:55 GMT by Arnab Shome

Payments

UK Payments Regulator to Launch Review on Visa and Mastercard Fees

Fees charged by these two card companies have increased five-fold since Brexit.
The regulator wants to understand the rationale behind the rise in fees.

Tuesday, 21/06/2022 | 08:07 GMT by Arnab Shome

Retail FX

FCA Says London-Based Trading Platform Profit FX Is Not Authorized

FCA says victims will not have access to the Financial Ombudsman Service.
Website says Profit FX offers forex, metal, indices and energies trading.

Monday, 20/06/2022 | 13:04 GMT by Solomon Oladipupo

Analysis

FCA Speeds Up Unused Permission Cancellation: How Does It Impact Brokers?

Brokers will have 28 days to rectify their operations if the FCA notices unused permissions.
It will further strengthen customer protection measures in the country.

Thursday, 16/06/2022 | 09:50 GMT by Arnab Shome

CryptoCurrency

Fiat Republic Becomes EMI after Paybase Acquisition, Raises $2.5m

The funding raise was led by Credo Ventures.
Fiat Republic has also partnered with a leading US bank.

Wednesday, 08/06/2022 | 09:00 GMT by Solomon Oladipupo

Regulation

UK to Test Blockchain Technology in Traditional Market Activities

It will be deployed in activities such as trading and settlement of stocks and bonds.
The plan is set to take place next year.

Tuesday, 07/06/2022 | 19:47 GMT by Felipe Erazo

News

LHV UK Parent Raises €35 Million as It Seeks UK Banking License

The funds will be used to capitalize on the new UK bank.
The proceeds were raised with a rights issue.

Tuesday, 07/06/2022 | 08:18 GMT by Arnab Shome

Regulation

FCA Speeds Up Cancellation of Unused Financial Services Permissions

The unused granted permission can be canceled within 28 days of the first notice.
It will issue two warnings to the companies before canceling permissions.

Thursday, 19/05/2022 | 11:38 GMT by Arnab Shome

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