PYMNTS-MonitorEdge-May-2024

uk

British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
July 12, 2024  |  Banking

British consumers have more complaints about the banking sector across the board than they did a year ago. Complaints about the sector reached their highest...

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Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
July 12, 2024  |  Retail

As Walmart looks to hold its own against Amazon’s growing lead in retail, the company is leaning into its food and beverage stronghold, leveraging automation...

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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024  |  Economy

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour...

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Amazon Warned to Improve UK Grocery Supplier Relations
Amazon Warned to Improve UK Grocery Supplier Relations
July 11, 2024  |  Retail

A British regulator wants Amazon to improve its relations with grocery suppliers. The Groceries Code Adjudicator (GCA) said Thursday (July 11) that it could open an investigation if the...

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Shein Promises $271 Million Investment in EU and UK Before Potential IPO
Shein Promises $271 Million Investment in EU and UK Before Potential IPO
July 10, 2024  |  Investments

Shein reportedly pledged a $271 million, five-year investment in Europe and the United Kingdom. The planned investment comes as the fast-fashion retailer is preparing for...

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British Business Bank Boost Government-Backed Loans to Small Businesses
British Business Bank Boost Government-Backed Loans to Small Businesses
July 08, 2024  |  SMBs

The British Business Bank, the U.K. government’s economic development bank, has launched a new program designed to support access to finance for smaller U.K. businesses. The Growth...

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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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