In a historic defeat, U.K. Prime Minister Theresa May saw a dramatic rejection of her Brexit deal on Tuesday (Jan. 15), adding renewed uncertainty as to how the U.K. and the European Union (EU) will coexist after the U.K.’s departure later this year. Get the...
Coconut, a U.K.-based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Concerns over IT and cyber risk may be speed bumps for FinTechs desiring a national stage, as the Fed eyes access to the nuts and bolts of payments infrastructure. And separately, Asia has held meetings on cross-border collaboration, while the U.K. sees opportunity in the...
U.K. challenger banks Tide and ClearBank are teaming up to apply for a portion of the $1 billion made available by Royal Bank of Scotland (RBS) to promote banking competition, Tide announced Monday (Jan. 14). Together, Tide, which targets small and medium-sized businesses (SMB) with its financial...
It’s now been a year since Open Banking officially came into the U.K. financial services market, but the regulatory initiative seems more of a natural progression for the sector rather than a sudden disruption. FinTech adoption is surging among consumers, particularly in areas like money...
Citi‘s latest report on how the corporate finance world plans to navigate volatility in 2019 suggests chief financial officers (CFOs) have a role model toward which to look: the so-called “tech titans.” Get the Full Story Complete the form to unlock this article and enjoy...
Netherlands-based factoring company Factris has announced the completion of its takeover of Lithuanian firm DEBIFO, the companies said Monday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
U.S. investors have placed new funds with U.K.-based corporate payments and treasury technology company AccessPay, reports in The Telegraph said on Sunday (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain. Now, the bank...
