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
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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