uk

Unions to UK Banks: Get Ready to Retrain AI-Displaced Workers
Unions to UK Banks: Get Ready to Retrain AI-Displaced Workers
August 27, 2024  |  Artificial Intelligence

Unions in the United Kingdom want the country’s banks to be ready to retain workers displaced by artificial intelligence. At the U.K.’s Trades Union Congress...

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UK Banks Struggle With ‘Ambiguous’ Fraud Reimbursement Rules
UK Banks Struggle With ‘Ambiguous’ Fraud Reimbursement Rules
August 21, 2024  |  Security & Fraud

Banks, FinTechs and payments companies in the United Kingdom are reportedly struggling with the country’s new fraud rules. The entities have until Oct. 7 to...

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Revolut Valued at $45 Billion in Secondary Share Sale
Revolut Valued at $45 Billion in Secondary Share Sale
August 16, 2024  |  Digital Banking

Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. The British FinTech launched the secondary share sale...

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TaluCard Unveils Biometric Payment Card, App for Visually Impaired Consumers
TaluCard Unveils Biometric Payment Card, App for Visually Impaired Consumers
August 14, 2024  |  Biometrics

TaluCard plans to launch a physical biometric payment card and complementary app designed to provide an accessible and secure payment solution for users with visual...

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ClearBank Expands Clearing and Embedded Banking Services to Europe
ClearBank Expands Clearing and Embedded Banking Services to Europe
August 09, 2024  |  Banking

Embedded banking firm ClearBank expanded from the United Kingdom to Europe. The newly established ClearBank Europe N.V. is headquartered in the Netherlands and has a...

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UK’s CMA Launches Merger Inquiry Into Amazon Partnership With Anthropic
UK’s CMA Launches Merger Inquiry Into Amazon Partnership With Anthropic
August 08, 2024  |  ANTITRUST

Amazon’s partnership with artificial intelligence company Anthropic is being investigated by the United Kingdom’s competition and markets regulator. The Competition and Markets Authority (CMA) launched...

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UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024  |  Security & Fraud

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls...

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British Banks Cut Costs as Interest Rates Begin to Decline
British Banks Cut Costs as Interest Rates Begin to Decline
August 02, 2024  |  Banking

The largest banks in the United Kingdom are reportedly cutting costs to protect profits as interest rates begin to decline. The moves come as the...

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Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
August 01, 2024  |  Partnerships

Mastercard and U.K. neobank Ampere teamed up to enhance the latter’s services for small businesses. The collaboration expands Ampere’s services and transfers offering, allowing its...

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