uk

UK’s FCA Defends Proposal to Disclose Companies Under Investigation
UK’s FCA Defends Proposal to Disclose Companies Under Investigation
May 08, 2024  |  Regulation

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under...

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Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
May 08, 2024  |  Investments

U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion,...

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Revolut Debuts Crypto Exchange for Professional UK Traders
Revolut Debuts Crypto Exchange for Professional UK Traders
May 07, 2024  |  News

British FinTech Revolut has unveiled a stand-alone cryptocurrency exchange for professional crypto traders.  Revolut X, announced Tuesday (May 7), is designed to compete with other...

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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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