PYMNTS-MonitorEdge-May-2024

uk

UK Government Breaks With EU, Takes Pro-Innovation AI Approach
UK Government Breaks With EU, Takes Pro-Innovation AI Approach
February 26, 2024  |  Artificial Intelligence

There’s a global race going on with artificial intelligence at its center. It isn’t just a race between multibillion-dollar, or trillion-dollar, private enterprises looking to...

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Zilch Unveils BNPL Plan for ‘Significant Purchases’
Zilch Unveils BNPL Plan for ‘Significant Purchases’
February 22, 2024  |  BNPL

British buy now, pay later (BNPL) firm Zilch has launched a new credit payment product. The company says its “Pay over 3 months” product, announced Thursday...

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Revolut Adds UK Phone Plans to Bolster Super App Mission
Revolut Adds UK Phone Plans to Bolster Super App Mission
February 12, 2024  |  Mobile Applications

Revolut is reportedly introducing phone plans in its bid to become a “super app.” The plans, open to customers in the FinTech’s home country of...

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True Layer Teams With Worldline on Payments Orchestration
True Layer Teams With Worldline on Payments Orchestration
January 31, 2024  |  Partnerships

Open banking payments network TrueLayer is offering its products via Worldline’s payment orchestration platform. Beginning Wednesday (Jan. 31), Worldline Payment Orchestration merchants can enable TrueLayer’s payment products including Payments, Payouts...

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UK Treasury: ‘Privacy Is Paramount’ in Digital Pound Decision
UK Treasury: ‘Privacy Is Paramount’ in Digital Pound Decision
January 25, 2024  |  CBDC

The Bank of England and the British Treasury remain undecided on the digital pound. But a new report by the two institutions makes two things...

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UK Cyber Agency: AI Will Lead to More Ransomware Attacks
UK Cyber Agency: AI Will Lead to More Ransomware Attacks
January 24, 2024  |  Cybersecurity

The threat of ransomware could soon grow thanks to the rise of artificial intelligence. That’s according to a new report by the United Kingdom’s National...

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UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
January 18, 2024  |  Banking

British grocer Sainsbury’s is planning to slowly but surely phase out its banking business. The move follows a strategic review of the company’s banking arm, the supermarket chain...

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Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
January 05, 2024  |  Cryptocurrency

Cryptocurrency exchanges Coinbase, Crypto.com and Gemini have implemented risk assessments and finance tests for their users in the United Kingdom.  These measures are a response to new regulations set by...

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AI Can’t Patent Inventions, UK Supreme Court Rules
AI Can’t Patent Inventions, UK Supreme Court Rules
December 20, 2023  |  Artificial Intelligence

The British court has ruled that a scientist cannot patent inventions created by an AI. The ruling by the U.K. Supreme Court is a “landmark” decision in...

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