- May 2, 2024
Despite Europe’s reputation as a tech laggard, a cadre of companies is making big bets on artificial intelligence (AI).
While the region has been slow to embrace AI in critical sectors like ...
- April 30, 2024
No matter which side of the Atlantic they are on, grocery shoppers want loyalty programs with smarter, more relevant messaging, and merchants across the United Kingdom and the United States are ...
- April 30, 2024
Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks?
Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there is ...
- April 26, 2024
Iris Software Group has launched an integration with Amazon Business that will help schools in the United Kingdom streamline and automate their purchasing process.
This integration will enable 5,254 Iris customers to purchase ...
- April 26, 2024
This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, ...
- April 24, 2024
British antitrust authorities are soliciting opinions on the implications of partnerships between tech giants Microsoft and Amazon and smaller generative artificial intelligence (AI) model developers amid growing concerns about competition and innovation ...
- April 17, 2024
B2B credit card platform Pliant is planning to expand after raising $19 million.
The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s total Series A financing to north ...
- April 15, 2024
The United Kingdom has reportedly begun to draft regulations to govern artificial intelligence (AI).
Policy officials are in the early stages of drafting legislation, but the government is unlikely to introduce ...
- April 15, 2024
The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody.
“We are now working at pace to deliver the legislation to put our final proposals for our regime ...
- April 12, 2024
Apple lost its bid to have part of a lawsuit in the United Kingdom dismissed.
The lawsuit was filed on behalf of 1,500 U.K.-based app developers and alleged that Apple charged them unfair commissions ...
- April 9, 2024
Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments.
The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the companies said in a Tuesday (April ...
- April 4, 2024
Klarna is reportedly sending fewer British customers to debt collectors after introducing late fees.
The share of accounts in the United Kingdom using the Swedish company’s pay-in-3 buy now, pay later (BNPL) ...
- March 26, 2024
Amid a challenging economic landscape, the U.K.’s Financial Conduct Authority (FCA) has unveiled its Business Plan for the 2024-2025 fiscal year, marking the culmination of its three-year strategic roadmap.
One of the focal points of this plan, ...
- March 14, 2024
Ryft, a payment platform for marketplaces and digital platforms, has partnered with American Express.
“We are now enabling our merchants within the UK to accept payments from Amex Cards,” Ryft said in ...
- March 14, 2024
Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.
“The launch means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card ...
- March 12, 2024
When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, ...
- March 12, 2024
The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they ...
- March 8, 2024
NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering.
This move comes less than two years after the British bank’s summer 2022 ...
- March 7, 2024
The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion.
The boards of the two companies reached a preliminary agreement to the deal on Thursday (March 7), saying their merger would ...
- March 6, 2024
Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub.
Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the British capital risks losing out to ...
- March 5, 2024
The United Kingdom’s Financial Conduct Authority will investigate the use of personal guarantees by lenders for small business loans.
The investigation was sparked by a “super complaint” from the Federation of Small Businesses, spotlighting ...
- March 5, 2024
UK digital bank Monzo has been valued at $5 billion following a $430 million funding round.
The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and existing investors Passion Capital and Tencent, Monzo said in ...
- February 28, 2024
Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about money laundering.
The company’s CEO, Daniel ...
- February 27, 2024
Finland-based payment processor Enfuce is expanding its operations in the United Kingdom.
The FinTech said in a Tuesday (Feb. 27) press release that it received an electronic money institution (EMI) license ...
- February 26, 2024
There’s a global race going on with artificial intelligence at its center.
It isn’t just a race between multibillion-dollar, or trillion-dollar, private enterprises looking to commercialize and scale their AI systems ...
- February 22, 2024
British buy now, pay later (BNPL) firm Zilch has launched a new credit payment product.
The company says its “Pay over 3 months” product, announced Thursday (Sept. 22), does what its name ...
- February 20, 2024
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round.
The digital bank, which currently has over nine million U.K. personal current account customers, ...
- February 12, 2024
Revolut is reportedly introducing phone plans in its bid to become a “super app.”
The plans, open to customers in the FinTech’s home country of Great Britain, are a first for ...
- January 31, 2024
Open banking payments network TrueLayer is offering its products via Worldline’s payment orchestration platform.
Beginning Wednesday (Jan. 31), Worldline Payment Orchestration merchants can enable TrueLayer’s payment products including Payments, Payouts and Signup+ in the U.K. and ...
- January 25, 2024
The Bank of England and the British Treasury remain undecided on the digital pound.
But a new report by the two institutions makes two things clear: a central bank digital currency ...
- January 24, 2024
The threat of ransomware could soon grow thanks to the rise of artificial intelligence.
That’s according to a new report by the United Kingdom’s National Cyber Security Centre, which said in ...
- January 18, 2024
British grocer Sainsbury’s is planning to slowly but surely phase out its banking business.
The move follows a strategic review of the company’s banking arm, the supermarket chain said in a statement Thursday (Jan. 16), which ...
- January 5, 2024
Cryptocurrency exchanges Coinbase, Crypto.com and Gemini have implemented risk assessments and finance tests for their users in the United Kingdom.
These measures are a response to new regulations set by the U.K. government, which require crypto ...
- December 20, 2023
The British court has ruled that a scientist cannot patent inventions created by an AI.
The ruling by the U.K. Supreme Court is a “landmark” decision in the U.K. about whether artificial intelligence ...
- December 18, 2023
Swedish-based FinTech company Treyd has expanded its “sell first, pay suppliers later” service to Ireland.
“This marks a fantastic opportunity for Irish SMEs to embrace a fresh approach to ...
- December 12, 2023
The Financial Conduct Authority (FCA) in the United Kingdom said Tuesday (Dec. 12) that the country already has a robust framework in place to tackle the challenges of artificial intelligence ...
- December 8, 2023
The United Kingdom’s Financial Conduct Authority (FCA) and government are considering ways to allow the delivery of more advice and support to consumers to support their investment and pension decisions.
“The gap ...
- December 8, 2023
The United Kingdom’s Competition and Markets Authority (CMA) is gathering information on the partnership between Microsoft and OpenAI.
The regulator aims to determine if “recent developments” have resulted in a merger situation and if a merger ...
- December 6, 2023
Where’s the European Union when it comes to AI?
It has the world’s second-largest GDP — $18.4 trillion in 2023. Its 448 million population is more than 100 million greater than the U.S. It is ...
- November 30, 2023
Much like its fictional namesake, trading platform Robinhood is now a part of the United Kingdom.
The company marked its international debut Thursday (Nov. 30) as it began offering brokerage services ...