UK fintech Starling to axe 130 roles in AI-powered simplification drive Fintech Starling is gearing up to cut some 130 roles in a bid to streamline its operations following a fall in profit over the last year. The London-based fintech told staff this week it would restructure its banking and tech operations as it leveraged AI across operations ahead of an influx of new projects. It said [...]
UK fintechs send rallying cry as industry slips in global ranking Fintech UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told Morning Wire the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
‘We welcome Renters’ Rights Bill. It’ll make us up our game’: Goodlord CEO William Reeve Opinion Bring on the Renters' Rights Bill says Goodlord CEO William Reeve, as he tells us about his career, City highlights and industry changes.
Financial Conduct Authority plans to ‘put public back in IPO’ May 13, 2025 After a torrid few years for the London Stock Exchange, the Financial Conduct Authority is opening new avenues to boost initial public offerings (IPOs). The City regulator told industry stakeholders at the London Stock Exchange’s annual IPO Forum last week, it would “put the P back into IPO,” sources attending the event told Morning Wire. [...]
Augmentum leads fundraise for Peel Hunt-backed Retailbook May 12, 2025 Investment platform Retailbook has secured a £4.5m fundraise as the Peel Hunt-backed firm attempts to survive a lacklustre spell for the UK’s capital markets. The business, which helps retail investors get access to share issues normally reserved for institutional investors, has seen investors such as Augmentum Fintech join its list of shareholders. Previous investors in [...]
UK government acting ‘too slow’ on growth agenda, says City boss February 11, 2025 While Tim Levene is supportive of the government’s growth agenda, the fintech boss feels things are moving too slowly for the City to be hopeful of a boost to equity markets anytime soon. The CEO of Augmentum Fintech said he has already met Chancellor Rachel Reeves three times since the election, including attending the government’s [...]
Why Lab-grown meat is a win for the UK’s investment industry July 17, 2024 With news today that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win.
City boss: Labour backs fintech, but must urge pension funds to invest more in Britain June 25, 2024 Labour are backing the UK fintech industry but could turbocharge the sector by pushing pension funds to invest in Britain, Tim Levene said.
Augmentum Fintech backs new FX trading platform June 25, 2024 Augmentum Fintech has built up a multimillion pound stake in London-based peer-to-bank FX trading platform LoopFX.