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AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses

AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
June 15, 2023  |  Legal & Regulation

By Danni Yu & Benjamin Cedric Larsen Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these...

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GoCardless Cuts Staff by 15% in Push to Profitability
GoCardless Cuts Staff by 15% in Push to Profitability
June 13, 2023  |  Personnel

U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday...

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HSBC Innovation Banking Debuts in UK
HSBC Innovation Banking Debuts in UK
June 12, 2023  |  Banking

British banking giant HSBC has officially launched a revamped version of Silicon Valley Bank UK. After weeks of teasing an innovation-focused version of SVB UK...

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Investors Bullish on Farfetch After Strong Results Announced in May
Investors Bullish on Farfetch After Strong Results Announced in May
June 09, 2023  |  Retail

Shares of luxury eCommerce retailer Farfetch have been on the rise. The British luxury goods merchant’s shares rose as much as 15% Friday amid elevated trading volume,...

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UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
June 08, 2023  |  Credit Cards

Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by...

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UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023  |  Legal & Regulation

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. That’s according to Great Britain’s Payment Systems Regulator (PSR) which on Wednesday (June...

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Stitch Fix Looks to Exit UK and Cut Back US Distribution
Stitch Fix Looks to Exit UK and Cut Back US Distribution
June 07, 2023  |  Retail

Stitch Fix is considering withdrawing from the British market as it rethinks its business. The online personal styling service said in an earnings announcement Tuesday (June 6) that...

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Report: Barclays Explores Payments Business Revamp
Report: Barclays Explores Payments Business Revamp
June 07, 2023  |  Banking

U.K. banking giant Barclays is reportedly considering major changes to its payments operations. The bank has spoken with consultants to determine whether it should expand some of...

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