uk

New Era for UK Open Banking As Labour Plans to Boost Adoption
New Era for UK Open Banking As Labour Plans to Boost Adoption
July 05, 2024  |  Banking

Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the...

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Online Gambling Firms’ Safeguards Differ in US and UK
Online Gambling Firms’ Safeguards Differ in US and UK
July 03, 2024  |  Regulation

Online gambling firms FanDuel and BetMGM are reportedly not offering in the United States some of the safeguards they have implemented in the United Kingdom. The two companies...

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Revolut Chair Not Ready to Commit to Going Public in UK
Revolut Chair Not Ready to Commit to Going Public in UK
July 03, 2024  |  Digital Banking

Revolut’s chair is not ready to commit to an initial public offering (IPO) in London. Speaking to the Financial Times (FT) Tuesday (July 2), Martin Gilbert praised pending...

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Revolut Revenues Jump 95% With Addition of 12 Million Customers
Revolut Revenues Jump 95% With Addition of 12 Million Customers
July 02, 2024  |  Digital Banking

Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...

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NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
June 20, 2024  |  Acquisitions

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the...

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UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
June 10, 2024  |  Fraud Prevention

The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. The Payment Systems Regulator told PYMNTS Monday (June 10) that it still...

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UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
June 07, 2024  |  Legal

Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings —...

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Sainsbury’s Brands Argos, Habitat, TU Add Klarna BNPL Options
Sainsbury’s Brands Argos, Habitat, TU Add Klarna BNPL Options
June 07, 2024  |  Buy Now Pay Later

Sainsbury’s is now offering shoppers in the United Kingdom the option of using Klarna’s buy now, pay later (BNPL) payment methods at the online checkouts...

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5 Things to Watch as Open Banking Gains Ground in the US
5 Things to Watch as Open Banking Gains Ground in the US
June 06, 2024  |  Regulation

Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from...

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