uk

U.K. Adds 350 Sanctions Against Russia

U.K. Adds 350 Sanctions Against Russia
U.K. Adds 350 Sanctions Against Russia
March 15, 2022  |  Cross-border Payments

The British government on Tuesday (March 15) added 350 new listings under its slate of Russian sanctions and nine new listings under its ongoing list...

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Lloyds to Divide Its Three Units Into Five
Lloyds to Divide Its Three Units Into Five
March 15, 2022  |  Banking

Lloyds Banking Group will divide its three units into five as part of a restructuring plan, Reuters reported Tuesday (March 15). Get the Full Story...

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Today in Retail: Discount Stores Become More Popular as Inflation Rises; UK Modernizes ‘Basket of Goods’ to Reflect Consumption Habits
Today in Retail: Discount Stores Become More Popular as Inflation Rises; UK Modernizes ‘Basket of...
March 14, 2022  |  Retail

Today in retail, SoftBank sells $1 billion in shares of eCommerce platform Coupang while brand aggregator Flummox raises $12.9 million to invest in its portfolio....

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Men’s Suits, Doughnuts Out, Jog Bras, Pet Supplies In As UK Modernizes Inflation Basket
Men’s Suits, Doughnuts Out, Jog Bras, Pet Supplies In As UK Modernizes Inflation Basket
March 14, 2022  |  Retail

At a time when the U.S. barometer of inflation — the Consumer Price Index — is running at a 40+ year high of 7.9% and...

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Merchants Risk Losing Customers as New UK SCA Rules Kick Off 
Merchants Risk Losing Customers as New UK SCA Rules Kick Off 
March 14, 2022  |  Authentication

On Monday, March 14, new strong customer authentication (SCA) rules will apply in the U.K. and merchants that didn’t implement these new rules risk customer...

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UK Watchdog Orders Crypto ATM Agents to Pull Plugs
UK Watchdog Orders Crypto ATM Agents to Pull Plugs
March 11, 2022  |  Cryptocurrency

All of the cryptocurrency ATMs currently available in the U.K. are operating illegally and are being warned by the Financial Conduct Authority (FCA) to cease...

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EMEA Daily: Telecom MTN Looks for Investors in FinTech Unit; UK-Based Open Finance Partnership Platform mmob Raises $6.6M
EMEA Daily: Telecom MTN Looks for Investors in FinTech Unit; UK-Based Open Finance Partnership Platform...
March 09, 2022  |  Cross-border Payments

In today’s top Europe, Middle East, and Africa news, South African telecom MTN is seeking minority investors after separating its FinTech unit from its traditional...

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UK-Based Open Finance Partnership Platform mmob Raises $6.6M
UK-Based Open Finance Partnership Platform mmob Raises $6.6M
March 09, 2022  |  Investments

mmob, the London-based embedded finance network, has completed a 5 million pound ($6.58 million) seed funding round, the company announced Wednesday (March 9) in a...

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