PYMNTS-MonitorEdge-May-2024

uk

New UK Law Spotlights Weak Security Features in Smart Devices
New UK Law Spotlights Weak Security Features in Smart Devices
May 02, 2024  |  Cybersecurity

Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security...

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Tuza Raises $5 Million for Business Card Payments Comparison Site
Tuza Raises $5 Million for Business Card Payments Comparison Site
May 02, 2024  |  Investments

London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The...

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UK’s Non-London FinTechs Fight for Funding
UK’s Non-London FinTechs Fight for Funding
May 02, 2024  |  Startups

In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting...

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Europe’s AI Paradox: Slow Adoption, Big Ambitions
Europe’s AI Paradox: Slow Adoption, Big Ambitions
May 02, 2024  |  artificial intelligence

Despite Europe’s reputation as a tech laggard, a cadre of companies is making big bets on artificial intelligence (AI).  While the region has been slow to...

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Grocery Shoppers Across Continents Demand Personalized Rewards
Grocery Shoppers Across Continents Demand Personalized Rewards
April 30, 2024  |  Loyalty & Rewards

No matter which side of the Atlantic they are on, grocery shoppers want loyalty programs with smarter, more relevant messaging, and merchants across the United Kingdom...

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BoE Urges UK Payment Firms to Upgrade Operational Resilience
BoE Urges UK Payment Firms to Upgrade Operational Resilience
April 30, 2024  |  Payments As A Service

Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank...

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Iris Partners With Amazon Business on Procurement for UK Schools
Iris Partners With Amazon Business on Procurement for UK Schools
April 26, 2024  |  Partnerships

Iris Software Group has launched an integration with Amazon Business that will help schools in the United Kingdom streamline and automate their purchasing process.  This integration will...

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This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024  |  artificial intelligence

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information...

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As British Regulators Scrutinize Microsoft and Amazon AI Deals, Industry Braces for Impact
As British Regulators Scrutinize Microsoft and Amazon AI Deals, Industry Braces for Impact
April 24, 2024  |  artificial intelligence

British antitrust authorities are soliciting opinions on the implications of partnerships between tech giants Microsoft and Amazon and smaller generative artificial intelligence (AI) model developers amid growing...

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