FCA Takes Action Against Fraudulent Promotions
Over the past year, the British Financial Conduct Authority (FCA) has decided to block more than 8 thousand advertisements and marketing campaigns that somehow mislead consumers.
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Unbanked and Mastercard to Partner on Crypto Card Issuance in Europe
Unbanked and Mastercard have agreed to cooperate to accelerate the process of issuing decentralized finance (DeFi) cards in Europe.
Zopa Bank Raises £75 Million
Zopa Bank has announced the receipt of financing in the amount of 75 million pounds for the implementation of the next stage of expansion of the scale of activities in the UK market.
GBPT Stablecoin Integrates into 18,000 ATMs in UK
Thousands of crypto ATMs in the United Kingdom now allow customers to withdraw cash for GBPT, a stablecoin backed by British pound
Barclays Replaces Branches With Banking Pods
Bank Barclays, based in the UK, opts for semi-permanent bank cells, abandoning traditional branches.
FCA Accuses Three Money Transfer Companies of Price Fixing
The UK Financial Supervision Authority (FCA) said that Dollar East, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited have established a policy of fixed prices charged to customers in Glasgow for transferring money from Great Britain to Pakistan.
Metro Bank Launches Digital Car Loan
UK-based Metro Bank is joining the auto financing market with a new digital car loan offer
Nova Credit Allowed to Provide Credit References in the UK
Nova Credit is a cross-border consumer credit bureau that uses first-party data to enable immigrant consumers to apply for financial services using their international credit history
HSBC Gets Warning for Open Banking Malfunctions
HSBC Bank again faced claims from the British Competition and Markets Authority for publishing false information through its Open data API.
UK Inflation Falls for Second Consecutive Month
In the UK, a decrease in the inflation rate has been recorded for the second month in a row.
New Technologies to Secure Authorized Payments, Zelle Scams
Authorized payments are one of the favorite targets for fraudsters, according to Aite-Novarica Group, they account for two out of five cases of fraud and losses for financial institutions.
BNPL Demand Soars in UK
Demand for BNPL (Buy Now Pay Later) solutions rose across all age groups in the UK, as living costs increase
Businesses Adopting Blockchain Despite Crypto Turbulence
A recent survey revealed that nearly 90% of businesses deploy blockchain technology in some capacity and plan to invest in blockchain in 2023
ATM Withdrawals Up First in Decade
Nationwide Building Society has recorded ATM withdrawals climb for the first time in 13 years as UK citizens try to minimize their spending by budgeting with cash
European Stocks Outperform US Peers
Typically lagging behind on the global market scene, European stocks have shown tremendous gains in the past couple of months, more than double the growth of their US counterparts
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