uk

Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
June 23, 2023  |  Amazon

Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After...

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Rumored Bids for Ocado Underscore Digital Shift in Grocery Segment
Rumored Bids for Ocado Underscore Digital Shift in Grocery Segment
June 22, 2023  |  Acquisitions

Deal making spotlights the inroads digital technologies are poised to make in the grocery space. U.K.-based online grocery firm Ocado has reportedly been attracting interest from several...

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What the US Can Learn From the UK About Push Payments Fraud
What the US Can Learn From the UK About Push Payments Fraud
June 22, 2023  |  Security & Fraud

The U.K. banking industry is currently facing a new wave of regulations aimed at tackling push payment fraud. In an interview with Karen Webster, Form3 CEO Michael Mueller said...

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Modulr Expands Embedded Payments Offerings to France and Spain
Modulr Expands Embedded Payments Offerings to France and Spain
June 21, 2023  |  Digital Payments

Modulr has reportedly expanded its embedded payments offerings to France and Spain. With this expansion and a layer of localization, French and Spanish firms can use...

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Expend Integrates Visa Business Card Transactions Into Expense Management Platform
Expend Integrates Visa Business Card Transactions Into Expense Management Platform
June 20, 2023  |  Spend Management

London-based Expend has integrated Visa Business Card transactions into its spend and expense management platform. With this new Expend Card Connect feature, Visa Business Card debit and...

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ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide Offers Instant Payments to UK and EU Merchants
June 19, 2023  |  Real-Time Payments

ACI Worldwide has launched its instant payments solution for merchants in Europe and the U.K. ACI Instant Pay will let merchants in these areas accept instant...

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Investor Molten Ventures Cuts 40% off Revolut’s Valuation
Investor Molten Ventures Cuts 40% off Revolut’s Valuation
June 15, 2023  |  Business

Revolut’s struggle to land a U.K. banking license continues to cost the London-based FinTech. Molten Ventures, a venture capital firm that has invested in Revolut,...

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AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
June 15, 2023  |  Regulation

By Danni Yu & Benjamin Cedric Larsen Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these...

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GoCardless Cuts Staff by 15% in Push to Profitability
GoCardless Cuts Staff by 15% in Push to Profitability
June 13, 2023  |  Personnel

U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday...

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