UK Government Announces Delay to Pension Dashboard Initiative
The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.
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Innovate Finance Calls For Expanded Open Banking
The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.
UK Challenger and Specialist Bank SME Lending Hits Record High
In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.
Klarna to Introduce Charges for Late Payments
Swedish fintech company Klarna has announced the start of charging late payments from customers in the UK.
Belfast Awards £18.9 Million Grant for Cyber AI Hub
The Minister of State of Northern Ireland, Steve Baker, announced the decision of the UK government to allocate investment funds for 18.8 million pounds for the development of the security industry in this country.
NatWest and NAB Recommend Australia to Create Organization Modeled on OBIE
NatWest Bank and National Australia Bank (NAB) of Australia announced the need to consider the possibility of creating an organization in the Australian financial system like the British OBIE, which would help ensure the maximum level of efficiency of interaction between industry representatives and regulatory authorities.
Car Finance Fintech Carmoola Closes £8.5 Million Series A
The British company Car finance fintech Carmoola announced that it managed to attract investments in the amount of 8.5 million pounds following the results of the Series A financing round.
Exploring the Benefits of Open Banking Initiative for Internet Security: How It Can Help Protect Users in the UK
Changes in the financial sector are the way to improve all areas of life. The fact is that such tools can be seen everywhere today, even in gambling. In essence, open banking simplifies customers’ lives and makes such interactions more secure. How is this possible, and does it help players in the virtual world? Let’s […]
Natwest Waives Customer Charges for Pocket Money Cards
Natwest Bank customers will continue to enjoy free access to prepaid children’s debit cards from this financial institution.
Mastercard and Visa to Face Another Card Interchange Class Action Suit
Mastercard and Visa are preparing for the fact that in the near future, they will once again have to become defendants in the proceedings in the framework of a multibillion-dollar lawsuit on the fact of fees for multilateral exchange (MIFs).
Crypto Startup Klink Finance Gains EU Licence
Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.
UK Open Banking Users Swell to 7 Million
In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.
Barclays Reveals Contactless Payments Trends
New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022
Tesco Considers Selling Its Banking Arm
Currently, the British supermarket chain Tesco is considering selling its banking division.
FCA Grants UK E-Money License to Payoneer
The Payoneer company, which specializes in providing financial services for cross-border transactions, got the license for electronic money (EMI) with the approval of the Financial Supervision Authority (FCA) in Great Britain.
UK Fintech Investment Declines 56% in 2022
UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year
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