U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.

UK Competition Watchdog Issues Second Warning to Monzo Over Breach of Retail Banking Regulations
UK Competition Watchdog Issues Second Warning to Monzo Over Breach of Retail Banking Regulations
February 01, 2022  |  Regulation

The United Kingdom’s competition watchdog has issued a warning to U.K. challenger bank Monzo over a breach of retail banking regulations under the Retail Banking...

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SumUp Seeks Fresh Capital at $22B Valuation
SumUp Seeks Fresh Capital at $22B Valuation
January 26, 2022  |  Investments

London-based global payments service provider SumUp could launch a fundraising round that would value the company at about 20 billion euros (about $22 billion), Bloomberg...

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UK Challenger Banks Facilitate Loan Access With Credit Builder Tools
UK Challenger Banks Facilitate Loan Access With Credit Builder Tools
January 25, 2022  |  International

Credit invisible customers and businesses often face an uphill battle when accessing credit in the United Kingdom because they have little or no credit history...

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London-Based Zilch Blasted for Promoting BNPL to Buy Pizza
London-Based Zilch Blasted for Promoting BNPL to Buy Pizza
January 20, 2022  |  Buy Now Pay Later

Consumer finance company Zilch is catching heat for encouraging U.K. consumers to use buy now, pay later (BNPL) plans to buy cheap supermarket pizzas and...

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Interchange Fees Back in US Antitrust Spotlight Post Amazon UK Visa Card Ban Reversal
Interchange Fees Back in US Antitrust Spotlight Post Amazon UK Visa Card Ban Reversal
January 19, 2022  |  Credit Cards

In the U.K., Amazon’s ban on Visa cards has been abandoned, but the ripple effects may last long and reach far. To that end, some...

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UK’s FCA Issued $775M in Fines in 2021
UK’s FCA Issued $775M in Fines in 2021
January 17, 2022  |  International

A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million)...

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Amazon UK Changes Course, Decides to Accept Visa After All
Amazon UK Changes Course, Decides to Accept Visa After All
January 17, 2022  |  Amazon

After deciding to drop Visa as a payment option in the U.K. effective Wednesday (Jan. 19), Amazon has reversed its position and emailed customers to...

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Open Banking Series: Challenges for Banks, FinTechs
Open Banking Series: Challenges for Banks, FinTechs
January 12, 2022  |  Digital Banking

Open banking is all about sharing data, but what data are banks legally bound to share, and which third-party providers (TPPs) have the right to...

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NVIDIA, Arm Tell UK Competition Watchdog Why It Should Approve Their Deal
NVIDIA, Arm Tell UK Competition Watchdog Why It Should Approve Their Deal
January 12, 2022  |  Partnerships / Acquisitions

Silicon Valley chip maker NVIDIA and United Kingdom chip designer Arm are fighting back as a U.K. competition regulator considers blocking NVIDIA’s proposed $40 billion...

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