uk

UK Cyber Agency: AI Will Lead to More Ransomware Attacks
UK Cyber Agency: AI Will Lead to More Ransomware Attacks
January 24, 2024  |  Cybersecurity

The threat of ransomware could soon grow thanks to the rise of artificial intelligence. That’s according to a new report by the United Kingdom’s National...

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UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
January 18, 2024  |  Banking

British grocer Sainsbury’s is planning to slowly but surely phase out its banking business. The move follows a strategic review of the company’s banking arm, the supermarket chain...

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Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
January 05, 2024  |  Cryptocurrency

Cryptocurrency exchanges Coinbase, Crypto.com and Gemini have implemented risk assessments and finance tests for their users in the United Kingdom.  These measures are a response to new regulations set by...

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AI Can’t Patent Inventions, UK Supreme Court Rules
AI Can’t Patent Inventions, UK Supreme Court Rules
December 20, 2023  |  Artificial Intelligence

The British court has ruled that a scientist cannot patent inventions created by an AI. The ruling by the U.K. Supreme Court is a “landmark” decision in...

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Treyd Expands Inventory Financing Solution to Ireland 
Treyd Expands Inventory Financing Solution to Ireland 
December 18, 2023  |  B2B Payments

Swedish-based FinTech company Treyd has expanded its “sell first, pay suppliers later” service to Ireland.  “This marks a fantastic opportunity for Irish SMEs [small- to medium-sized enterprises]...

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FCA CEO Says UK Rules Already Address Challenges of AI
FCA CEO Says UK Rules Already Address Challenges of AI
December 12, 2023  |  Artificial Intelligence

The Financial Conduct Authority (FCA) in the United Kingdom said Tuesday (Dec. 12) that the country already has a robust framework in place to tackle...

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UK Considering Ways to Close ‘Advice Gap’ for Small Investors 
UK Considering Ways to Close ‘Advice Gap’ for Small Investors 
December 08, 2023  |  Personal Finance

The United Kingdom’s Financial Conduct Authority (FCA) and government are considering ways to allow the delivery of more advice and support to consumers to support their...

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UK Antitrust Regulator Eyes Microsoft-OpenAI Partnership
UK Antitrust Regulator Eyes Microsoft-OpenAI Partnership
December 08, 2023  |  ANTITRUST

The United Kingdom’s Competition and Markets Authority (CMA) is gathering information on the partnership between Microsoft and OpenAI.  The regulator aims to determine if “recent developments” have resulted in a...

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Can the EU Get Its Digital Act Together?
Can the EU Get Its Digital Act Together?
December 06, 2023  |  David S. Evans

Where’s the European Union when it comes to AI? It has the world’s second-largest GDP — $18.4 trillion in 2023. Its 448 million population is more than 100...

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