UK - page 20

Fintech & Ecommerce

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 […]

Finance & Economics

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.

News

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).

Finance & Economics

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.

News

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.

Reports

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

News

Tesco Considers Selling Its Banking Arm

Currently, the British supermarket chain Tesco is considering selling its banking division.

News

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.

Reports

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

News

Beware of Romance Fraud: £16.6 Million Stolen in H1 2022

Love is in the air – on Valentine’s Day, UK Finance’s Take Five to Stop Fraud campaign is warning people to stay alert to online romance fraud, which has caused losses of £16.6 million in the first half of 2022

Reports

KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge

KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months

Finance & Economics

Digital Asset Protection Provider Coincover Raises $30 Million

Coincover, a UK-based provider of digital asset protection services, has reported raising $30 million in funding.

Fintech & Ecommerce

Identity Decisioning Fintech Alloy Launches in UK

US fintech Alloy has announced the launch of activities in the British financial services market as part of a project to expand its presence in the EMEA region.

News

Wales Issues Tender for National Mobility App

Transport for Wales (TfW) announced a tender for the development of a national Mobility-as-a-Service (MaaS) mobile application.

Finance & Economics

TSB Pilots Banking Pods

The British commercial bank TSB established cooperation with the Note Machine company in order to create banking pods instead of traditional local branches.

News

BNPL Firm Zilch Forms Partnership With StepChange

BNPL company Zilch, which is based in London, has reached an agreement on cooperation with a charitable organization StepChange, which specializes in providing consulting services on issues related to debt management.