Revolut, the global financial technology company has today announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow. Revolut has over 45 million customers globally.

The Derivatives Service Bureau (DSB), the global golden source of reference data for OTC derivatives, today released data indicating industry readiness for the start of UK UPI (Unique Product Identifier) reporting on 30 September 2024 under revised UK EMIR rules. The UPI is reported to trade repositories so regulators can monitor the build-up of systemic risk across the OTC derivatives market. 

Gresham Technologies, a global leader in innovative financial technology solutions, which recently completed a take-private and merger with Alveo, is pleased to announce its rebranding to "Gresham”.

This change marks a significant milestone in the company’s evolution and highlights Gresham’s commitment to a future of innovation and customer success as it embarks on an exciting new chapter.

PensionBee is pleased to announce the appointment of Lisa Picardo as Chief Business Officer UK.
In the newly created role, Lisa will facilitate the ongoing execution of the company’s strategy and corporate development in the United Kingdom. Lisa is a member of the Department for Work and Pensions’ Small Pots Delivery Group and represents PensionBee at the Association of British Insurers. Lisa will continue to report to Romi Savova, PensionBee Group plc’s Chief Executive Officer.  

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The global surge in Artificial Intelligence (AI) investments propelled by the increased demand in rising digital industries, from digital health and future finance to cybersecurity and public services, has ignited a race among businesses to secure specialized talents, sustain the relentless pace of their tech innovations, and their position among the early adopters of AI.

NeoXam, a global leader in Data Management, Performance, Reporting, Portfolio Management, and Investment Accounting Software, announces the signing of an agreement to pursue the acquisition of 

Yonder, the UK-based rewards credit card company, has successfully raised £23.4 million in its latest funding round to fuel its team growth, enhance rewards, and fast-track international expansion. The funding comes from new and existing investors, including Jigsaw VC, RTP Global, LocalGlobe, Northzone, and Seedcamp.

The Bank of England is expected to maintain current interest rates on Thursday as it waits for clearer indications that inflation risks are under control. Instead, attention will shift to decisions regarding bond sales, which may influence Finance Minister Rachel Reeves’ upcoming first budget. While British inflation remained stable in August, it accelerated in the crucial services sector, leading analysts to anticipate a slower decline in interest rates compared to the United States and the euro zone.

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