The U.K. has another challenger bank in operation. BFC Bank has launched in the market to provide cross-border payments and account services for small businesses and payment service providers, the company said Wednesday (March 14). Its services include multi-currency accounts and foreign exchange services. In...
New research suggests the upcoming General Data Protection Regulation (GDPR) could threaten small businesses in the U.K. if they find themselves out of compliance with the data protection rules. Reports in SmallBusiness.co.uk Thursday (Dec. 7) said research released by insurance company Zurich in its “SME...
May 10, 2018
Britain’s financial watchdog, the Financial Conduct Authority (FCA), has come under attack from former small business owners who have complained about being mistreated by big banks. According to Reuters, during questioning from the Treasury Committee, the former business owners said the FCA was unable to handle serious complaints against the lenders it regulates. The questioning […]
