Search Results for "UK"
23 results for "UK"
Deals 20
Steward Raises €4.6M for AI-Driven AML/KYC Compliance Platform
Steward, a US- and UK-based AI-driven AML/KYC compliance platform, raised €4.6 million in funding led by Motive Partners. The platform uses AI to automate anti-money laundering and know-your-customer processes for financial institutions.
b1Bank Partners with Covecta to Deploy AI Agents for Banking Operations
Louisiana community bank b1Bank partnered with UK fintech Covecta to implement AI agents that automate deposit and loan operations. The system is forecasted to go live approximately eight weeks from agreement. This partnership signals growing AI adoption among community banks.
Mastercard Launches BIN Sponsor Plus Program in the UK
Mastercard launched its BIN Sponsor Plus program in the UK, accrediting four founding sponsor banks—Transact Pay, PSI Pay, IDT Financial Services, and Edenred Payment Solutions. The program provides enhanced standards, training, and ecosystem access to support fintech card programs. It accelerates market entry for fintechs that lack full issuer licensing.
Bourn Raises £3.5M with NatWest for SME Embedded Payments Platform
UK fintech Bourn raised £3.5 million (~$4.4M) with involvement from NatWest Group to scale its SME working capital and payments platform. The bank-fintech funding relationship highlights the embedded finance trend where traditional banks back infrastructure fintechs. Bourn's platform serves small businesses with integrated payment and capital solutions.
NatWest Opens Applications for AI-Focused 2026 Fintech Programme
NatWest Group opened applications for its 2026 Fintech Programme, a 12-week initiative targeting pre-Series A and Series A UK fintechs using AI to enhance financial services. The program offers collaboration with NatWest, mentorship from senior executives, and access to innovation hubs. It builds on 2025 successes including Tunic Pay's fraud prevention pilot integrated into NatWest's mobile app.
Five UK Banks Pilot Bank Accounts for Homeless Without Fixed Address
Lloyds, NatWest, Barclays, Nationwide, and Santander partnered with charity Shelter to pilot bank accounts for homeless individuals, waiving fixed address requirements. The initiative is part of the UK's Financial Inclusion Strategy. It demonstrates embedded finance principles applied to underserved populations.
Kashimi Raises $1.36M to Expand A2A Payment Infrastructure via Open Banking
Lithuanian fintech Kashimi raised $1.36 million in pre-seed funding to expand its open banking payment infrastructure. The company offers a single API enabling account-to-account payments across European, UK, and US banks. It serves PSPs, lenders, and digital wallets with streamlined bank connectivity.
Moka United Selects Algbra Labs to Launch RUUT Digital Bank in UK
Moka United selected Algbra Labs to introduce its digital banking brand RUUT to the UK market, targeting the Turkish diaspora. The partnership aims to deliver a fully operational platform within six months.
Swan Raises €42M Series B Extension for European BaaS Expansion
Paris-based embedded banking fintech Swan raised €42 million in additional Series B funding in January 2025. The round brings Swan's total equity to €100 million since its 2019 founding. The funds will support expansion into the UK and Belgium, hiring of 80 new staff, and enhancement of its BaaS platform with SMB offerings and custom card programs.
Adyen and Spendesk Partner to Accelerate Embedded Finance for SMBs
Adyen and Spendesk announced a partnership to develop embedded finance services including business bank accounts and card issuing for medium-sized businesses. Spendesk will leverage Adyen's BaaS platform and banking licenses in the UK, EU, and US to accelerate 2025 product launches. The collaboration enables customized payments including Apple Pay and Google Pay support.
nCino to Acquire UK SaaS Platform FullCircl for Client Lifecycle Management
nCino, a banking software provider, announced its acquisition of FullCircl, a UK-based SaaS platform specializing in client lifecycle management, onboarding, and compliance for financial institutions. The deal builds on a 2023 partnership focused on commercial banks in the UK and Europe. This strengthens nCino's embedded compliance and onboarding capabilities for bank-fintech ecosystems.
XYB Partners with IBM to Deliver Coreless Banking on IBM Cloud
Coreless banking fintech XYB partnered with IBM to offer its modular banking platform on IBM Cloud for Financial Services. The partnership helps banks modernize core systems through componentized, API-driven modules. It targets compliance with upcoming UK FCA resilience rules and EU DORA regulations.
HSBC and Tradeshift Launch SemFi Embedded Finance Venture for SMEs
HSBC launched SemFi by HSBC, a joint venture with Tradeshift, to provide embedded finance solutions such as payments, trade, and invoice financing for SMEs on e-commerce platforms. The venture initially targets the UK market and combines HSBC's global banking scale with startup agility. SemFi embeds digital invoice financing, virtual cards, and payment solutions into B2B marketplaces.
Form3 Raises $60M Series C Extension for Cloud Payment Infrastructure
UK-based payments technology provider Form3 raised $60 million in a Series C extension in September 2024, with British Patient Capital as a new investor. The funding will support product development and expansion of its cloud-based API-first payment processing platform for banks and fintechs. Form3's infrastructure enables financial institutions to modernize payment processing via APIs.
OakNorth Receives Fed and NYDFS Approval for US Representative Office
UK-based fintech lender OakNorth received approval from the Federal Reserve and New York State Department of Financial Services to open a US Representative Office. This allows OakNorth to market its products in the US as a stepping stone toward pursuing a full US banking charter.
Morpheus Launches UK Bridging Loan Platform with Open Banking and Digital KYC
Morpheus launched as a UK bridging loan provider in June 2024, offering loans up to £750,000 powered by digital KYC, open banking integrations, and biometric verification. The fintech aims to modernize short-term property lending with embedded finance technology.
Ember Partners with HSBC UK to Offer Embedded Tax Services for Businesses
British accounting automation startup Ember partnered with HSBC UK to provide embedded tax services directly within HSBC's online business banking platform. The partnership allows HSBC's business customers to access Ember's tax automation offerings without leaving their banking environment. The deal followed Ember's £5 million funding round in May 2024.
SaaScada Selected to Power Payment Products for UK EMI The Payment Firm
UK e-money institution The Payment Firm selected SaaScada's core banking engine as middleware to power its payment services. The partnership enables virtual IBAN-linked accounts for SMEs and individuals, with plans for multi-currency accounts, cross-border payments, and card issuing. SaaScada's event sourcing architecture allowed backend middleware and APIs to be developed in just three months.
Griffin Bank Obtains Full UK Banking License for BaaS Platform
Griffin Bank, a UK-based banking-as-a-service platform, obtained its full banking license in March 2024 after roughly one year of regulatory review. The license enables Griffin to offer fintech companies a full-stack solution for embedded banking, payments, and wealth solutions with automated compliance. This marks a significant milestone for the UK BaaS market.
Bulgaria's Paynetics Acquires UK Digital Bank Novus
Embedded finance provider Paynetics acquired Novus, a B-Corp certified UK digital bank. The deal expands Paynetics' banking capabilities in the UK market. This is a notable example of a BaaS/embedded finance player acquiring a licensed banking entity to deepen its service offering.