U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.

UK Retail Up 0.6 Percent Despite Bureaucratic Instability
UK Retail Up 0.6 Percent Despite Bureaucratic Instability
November 05, 2019  |  Retail

October retail spending was up 0.6 percent in the U.K. compared to October 2018, in spite of the turmoil over Brexit and the upcoming general...

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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft
Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM...
November 05, 2019  |  Bitcoin

The U.K.’s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies...

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UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
UK MPs Urge Audit Legislation To Avoid High-Profile Collapses
November 04, 2019  |  B2B Payments

U.K. lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’...

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CYBG Officially Renamed As Virgin Money UK
CYBG Officially Renamed As Virgin Money UK
November 01, 2019  |  B2B Payments

British financial institution CYBG was bought by Virgin over a year ago, and on Thursday (Oct. 31), it was renamed Virgin Money UK. Get the...

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UK Regulators Want First-Time Payments Delay To Avert Fraudsters
UK Regulators Want First-Time Payments Delay To Avert Fraudsters
November 01, 2019  |  Bank Regulation

U.K. legislators are calling for a mandatory 24-hour waiting period on all first-time payments between bank accounts as a way to reduce fraud, Reuters reported...

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Commonwealth Trade Bank Overhauls Infrastructure
Commonwealth Trade Bank Overhauls Infrastructure
October 31, 2019  |  B2B Payments

The U.K.’s Commonwealth Trade Bank is planning to overhaul its trade finance infrastructure and has announced a new partner to support the initiative. Get the...

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Revolut To Extend Open Banking APIs To QuickBooks Users
Revolut To Extend Open Banking APIs To QuickBooks Users
October 30, 2019  |  Partnerships / Acquisitions

Revolut for Business will now allow businesses registered in the U.K. to make a direct and secure connection into the Intuit QuickBooks Online accounting platform...

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London FinTech TrueLayer Partners With Visa
London FinTech TrueLayer Partners With Visa
October 29, 2019  |  Partnerships / Acquisitions

London API provider TrueLayer is collaborating with Visa, which now has a minority stake in the FinTech as part of a $35 million Series C...

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Coconut Connects With UK SMB Bank Accounts
Coconut Connects With UK SMB Bank Accounts
October 28, 2019  |  B2B Payments

Smart accounting app Coconut aims to automate bookkeeping for self-employed and small businesses (SMBs) around the U.K. Get the Full Story Complete the form to...

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