United Kingdom

Update: UK Adoption of Embedded Lending Falls Short of Potential
Update: UK Adoption of Embedded Lending Falls Short of Potential
September 23, 2024  |  SMBs

Embedded lending promises convenient, streamlined access to financing within merchant and business platforms. This proves especially impactful for individuals and microbusinesses and small businesses (MSBs)...

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UK Neobank Monzo Customer Count Exceeds 10 Million
UK Neobank Monzo Customer Count Exceeds 10 Million
August 06, 2024  |  Digital Banking

British digital bank Monzo says it has more than 10 million personal customers.  This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached...

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UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024  |  Banking

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated...

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British Payments Sector Protests Fraud Reimbursement Rules
British Payments Sector Protests Fraud Reimbursement Rules
May 15, 2024  |  Security & Fraud

The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to...

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UK Drafting AI Regulations, But Not Rushing to Introduce Them
UK Drafting AI Regulations, But Not Rushing to Introduce Them
April 15, 2024  |  artificial intelligence

The United Kingdom has reportedly begun to draft regulations to govern artificial intelligence (AI). Policy officials are in the early stages of drafting legislation, but...

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Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
February 20, 2024  |  Fintech Investments

Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine...

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PayPal Gets Approval to Offer Crypto-Asset Activities in UK
PayPal Gets Approval to Offer Crypto-Asset Activities in UK
November 01, 2023  |  Digital-First Banking

PayPal received approval from the Financial Conduct Authority (FCA) on Tuesday (Oct. 31) to offer crypto-asset activities in the United Kingdom. The FCA has implemented stricter rules on marketing crypto...

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Bank Push Payment Scams Now 40% of UK Fraud
Bank Push Payment Scams Now 40% of UK Fraud
October 31, 2023  |  Security & Fraud

Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s...

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Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers
October 06, 2023  |  Biometrics

As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding...

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