fintech digest
UK Fintech Tackles Cost-of-Living Crisis, MLETR Revolutionises Global Finance & More
Research Team
15 December 2023
How UK fintech will combat the cost-of-living crisis
The UK fintech sector forms a crucial part of the British economy. In the last 15 years, firms have revolutionised people’s financial lives by reducing costs, enabling innovation, and enhancing security.
What Edinburgh Reforms? UK Fintech Startups Call for ‘Overdue’ Consumer Credit Action
The Startup Coalition, formerly known as the Coalition for a Digital Economy (Coadec), is demanding bold action and ‘political leadership’ to reshape the landscape of consumer credit regulation. It says regulators have hindered best customer outcomes, failed to accommodate innovation and technology by delaying progress on changes and let down fintechs.
MLETR – A pioneering reform and its potential to transform global trade and finance
Negotiable Instruments have played an enduring and pivotal role in the financial landscape. Operating on the principle of irrevocable and unconditional promise to pay along with characteristics of transferability by endorsement and delivery.
UK SMEs Grapple with £20,000 in Unpaid Invoices as Late Payments Surge, Reveals Payit
SMEs account for nearly two thirds (61 per cent) of UK employment. Late payments have taken a toll across the country, with SMEs also reporting that over a third (36 per cent) of payments in an average month arrive late.
UM&G Investments leads $30 million seed round in crypto startup GFO-X
M&G Investments has led a $30 million seed round in digital asset trading startup Global Futures and Options (GFO-X) ahead of its forthcoming go-live.