January 23, 2023
Property Partner changes its name to highlight latest investment # Better, a well-known US-based digital real estate company, invested £2.4 million to drive the rebranding of Property Partner into the London Property Exchange. The company’s name change to London House Exchange reflects its role as real estate stock exchange.
The London Residential Exchange has rebranded under its original name since its inception in 2014, highlighting the fact that it is the first stock exchange for individual property.
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January 23, 2023
UK and Thailand Partnership Seeks to Digitise Trading Environment # It is driven by the Electronic Transactions Development Agency (ETDA) and the UK’s Center for Digital Trade and Innovation (C4DTI). The groups' common goal is to promote business development between the UK and Thailand.
The new cooperation initiative between C4DTI and ETDA aims to develop trade between the United Kingdom and Thailand in an environmentally friendly way. The Foreign and Commonwealth Office has provided funding for this initiative.
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January 19, 2023
Dublin-based fintech making UK student loans enters voluntary liquidation # Future Finance Loan Corporation, a Dublin-based financial technology company that raised $485 million (€450 million) in debt and equity over the past 10 years, has stopped lending and declared voluntary liquidation to give its owners their money back.
On January 12, the company started to close down in a planned way. Since 2013, it had mostly given medium-sized student loans to people in the UK.
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January 18, 2023
Data.ai reveals a new leader among the most downloaded financial apps in the United Kingdom # Data.ai found that, in 2022, Chase UK showed the largest growth in downloads among financial apps in the United Kingdom. Neobank, which was released by JP Morgan in September 2021, came in first in its State of Mobile 2023 study, beating out competitors Revolut (which came in second) and Monzo (which came in third).
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January 15, 2023
Revolut assembles behavioural team after criticism of its corporate culture # After being criticized, Revolut assembles a behavioural team to improve the corporate culture. All this struggle is much needed for the company to receive an UK banking licence since the United Kingdom is one of the key territories the firm operates in.
On Friday, the company’s management unveiled a series of new initiatives designed to foster a more “human” approach to a contentious workplace that has reportedly driven away some employees.
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