uk

UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
February 07, 2025  |  Cybersecurity

The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the...

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Report: Shein Considers 25% IPO Valuation Cut After Tariff Increase
Report: Shein Considers 25% IPO Valuation Cut After Tariff Increase
February 07, 2025  |  IPO

The imposition of tariffs on small packages imported to the United States from China reportedly led Shein to consider cutting its valuation in a potential...

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Report: 60% of UK Merchants Request One-Click Checkout
Report: 60% of UK Merchants Request One-Click Checkout
February 07, 2025  |  Payment Methods

For online merchants — no matter in which country they operate, no matter what they are selling — there are two sides to what might...

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Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization
Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization
January 31, 2025  |  Personnel

Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank’s lead in...

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Travel Ledger Integrates Revolut to Facilitate Travel Industry B2B Payments
Travel Ledger Integrates Revolut to Facilitate Travel Industry B2B Payments
January 29, 2025  |  B2B Payments

Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s services to automatically settle B2B payments with partners directly through...

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Report: Revolut Builds New Commercial Real Estate Lending Business Unit
Report: Revolut Builds New Commercial Real Estate Lending Business Unit
January 28, 2025  |  Real Estate

Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business...

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Open Banking Ltd. to Support UK’s Launch of Variable Recurring Payments
Open Banking Ltd. to Support UK’s Launch of Variable Recurring Payments
January 23, 2025  |  Digital Payments

Two U.K. regulators said Thursday (Jan. 23) that an independent company, Open Banking Limited, will play a key role in advancing the effort to launch...

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Apple and Google Under Scrutiny for Potential Antitrust Violations in the UK
Apple and Google Under Scrutiny for Potential Antitrust Violations in the UK
January 23, 2025  |  ANTITRUST

Apple and Google, the tech giants behind massive mobile ecosystems, are facing dual antitrust probes in the U.K. The investigations, launched by the U.K. Competition...

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UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Legal & Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

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