United Kingdom

An Insider on Open Banking’s Power to Deliver Faster Payments
An Insider on Open Banking’s Power to Deliver Faster Payments
April 21, 2023  |  Faster Payments

Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as...

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UK FinTechs Seek Government Support After SVB Collapse
UK FinTechs Seek Government Support After SVB Collapse
April 16, 2023  |  Startups

British FinTech startups are concerned their country has lost its standing in the financial world. According to a Saturday (April 15) report by the Financial...

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Tesco Offers 90 Million Personalized Coupons to Maintain Customer Loyalty
Tesco Offers 90 Million Personalized Coupons to Maintain Customer Loyalty
April 13, 2023  |  Earnings

As inflation ate into Tesco’s profits, the grocer’s couponing efforts helped keep customers coming back. The British multinational grocery giant shared in its financial results...

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Revolut Board Concerned About ‘Misstated’ Revenues
Revolut Board Concerned About ‘Misstated’ Revenues
March 30, 2023  |  Digital Banking

Revolut’s response to an audit of its books has reportedly drawn criticism from its board. Earlier this month, the British FinTech had announced that an...

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France’s Numeral Takes On UK’s Fight Against IBAN Discrimination
France’s Numeral Takes On UK’s Fight Against IBAN Discrimination
March 14, 2023  |  Payment Methods

French payments platform Numeral is joining the U.K.’s fight against IBAN discrimination. The banking aggregation and payment automation platform announced Tuesday (Mar. 14) it was...

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Binance Suspending Crypto Transfers for UK Customers
Binance Suspending Crypto Transfers for UK Customers
March 14, 2023  |  Cryptocurrency

Binance is halting cryptocurrency withdrawals and deposits for its British customers. The move comes one month after the company temporarily suspended dollar trading, and marks...

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HSBC Pays One Pound to Purchase Silicon Valley Bank UK
HSBC Pays One Pound to Purchase Silicon Valley Bank UK
March 13, 2023  |  Banking

Banking giant HSBC is set to acquire the U.K. arm of failed lender Silicon Valley Bank. HSBC announced the purchase Monday (Mar. 13) morning, saying...

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Digital Bank Zopa Looks to M&As After $93M Fundraise
Digital Bank Zopa Looks to M&As After $93M Fundraise
February 02, 2023  |  Digital Banking

U.K. digital bank Zopa is looking to expand after raising $93 million in an equity round. The funding, announced Thursday (Feb. 2) in a news...

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UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
December 30, 2022  |  Cryptocurrency

In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda...

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