Lloyds Banking Group Continues to Close Its Branches
The last bank in the town of South Essex will close in August this year.
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HSBC Announces Increase in Profits from Purchase of Silicon Valley Bank’s UK Business
Banking giant HSBC reported that its profit increased by $ 1.5 billion after the acquisition of the British business of the Silicon Valley Bank.
Sotheby’s Metaverse Launches P2P Secondary NFT Marketplace
The Web3 arm of the famous auction house Sotheby’s has introduced another platform for trading digital art in the form of NFT
HumanForest Raises $15 Million to Grow UK eBike Business
The British micro-mobility company HumanForest announced that it managed to attract investment funds in the amount of $ 15 million for the development of e-bike technology.
Microsoft Xbox Chief Seeks to Reassure Game Staff on Activision
Microsoft Corp. Executives They tried to assure employees of the Xbox gaming division of the possibility of approving the planned purchase of Activision Blizzard Inc. for $ 69 billion, noting that success in games depends not only on the deal.
UK Takes Aim at Problem Gambling With Regulation Updates
At the time of the last revision of the regulations on gambling-related activities, by the British authorities, was not yet an iPhone, which in a certain sense became a symbol of a new technological era that introduced new attributes, opportunities, and realities into space of human life.
UK Wants New Regulator to Tackle Big Tech
In the UK, a new regulator will appear in the foreseeable future, whose activity will be to supervise technology giants, including Amazon and Google.
Barclays Unveils Govt-Funded Support Programme for UK Tech
Barclays Eagle Labs has announced the official launch of a program to support British technology companies.
UK and India Seek to Further Strengthen Fintech Collaboration
A new report by the Indian-British Financial Partnership (IUKFP), a leading forum for cooperation in the field of financial services between India and the UK, outlined ways to activate and strengthen cooperation between the two countries in the field of fintech.
Bank of England Finds New Use Cases for DLT in Synchronised Settlement
The Bank of England and the Bank for International Settlements announced the successful completion of a pilot project based on DLT.
Al Hilal Bank Partners With BLME to Bring Digital UK Banking to UAE
Al Hilal Bank customers in the UAE now have a quick and simple way to access digital banking services as if they were in the UK
Yonder Secures £62.5 Million in Series A Funding
Startup Yonder, which specializes in issuing Rewards credit cards, has secured equity of 12.5 million pounds and a credit line of 50 million pounds to expand operations.
UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
Bank of England Says Stablecoin Use Need Limits
The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.
Lloyds Bank Launches PayMe for Instant B2B Payouts
Lloyds Bank has announced the launch of a new service through which businesses can make one-time payments in cases where there is no information about the details of the recipient.
UK FinTechs Seek Government Support After SVB Collapse
In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.
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