UK Archives - FortuneZ

UK’s Fintech Sector Secures $4.1 Billion Investment in 2020

January 20, 2021

The fintech companies in the UK attracted £3 billion ($4.1 billion) investment in 2020, the highest figure across Europe. The mentioned amount was invested across a total of 408 deals last year. The US remain...

UK FCA Develops Temporary Crypto Registration Scheme Due to Backlog

December 16, 2020

UK FCA develops temporary crypto registration scheme due to backlog. The United Kingdom Financial Conduct Authority has provided provisional registrations to crypto-asset companies that have already submitted...

David Avgi’s New Venture UNIPaaS Gets UK Payment Institution License

December 16, 2020

UNIPaaS, the newly founded payments company by SafeCharge’s former CEO, has gained a payment institution license from the United Kingdom’s Financial Conduct Authority (FCA). According to the regulatory direc...

UK Drafting Stablecoin Regulations Proposal And Researching CBDC

November 10, 2020

UK drafting stablecoin regulations proposal and researching CBDC. The United Kingdom Treasury Department has announced that it is preparing legislation to control private stablecoins. It is also investigating...

UK Casinos Suggests Alcohol Ban To Evade “Catastrophic” Closures

October 12, 2020

UK casinos suggest alcohol ban to evade "catastrophic" closures. In the new round of COVID restrictions being imposed by the government, the venues that employ 14,000 people and earned £1.3bn for the Treasury...

Wirecard Winding Down UK Operations, Railsbank to Buy Business

August 28, 2020

Wirecard Card Solutions Limited (WCS), the UK subsidiary of now collapsed German fintech Wirecard AG, has officially decided to wind down its business as local rival Railsbank agreed to purchase card technolo...

Liquidators Appointed for London Capital Group Holdings

August 26, 2020

The High Court of Justice in the United Kingdom has appointed Paul Atkinson (IP No. 9314) and Glyn Mummery (IP No. 8996) both of FRP Advisory Trading Limited as Joint Liquidators of London Capital Group Holdi...

UK Crypto Firms To Potentially Face Anti-Money Laundering Reporting Requirements

August 25, 2020

UK crypto firms to potentially face anti-money laundering reporting requirements. The Financial Conduct Authority proposed, in a consultation paper released this month, to expand annual financial crime monito...

JPMorgan Chase To Launch UK Digital Bank In Q1 2021

August 25, 2020

JPMorgan Chase is set to launch its UK digital challenger, which includes a range of savings and loan products under its Chase brand in the UK, in the first quarter of 2021, Sky News reports. The Wall Street...

Rival Railsbank Bids for Wirecard’s UK Business

August 21, 2020

As collapsed fintech Wirecard is looking to sell its global arms, rival Railsbank has placed the latest bid to purchase its United Kingdom-based subsidiary, Wirecard Card Solutions (WCS). This came after the...