United Kingdom

Trustly Acquires Ecospend
Trustly Acquires Ecospend
May 30, 2022  |  Acquisitions

Global pay platform Trustly, which works on account-to-account (A2A) transactions, has bought open banking platform Ecospend as a way for Trustly to breach a huge...

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Sterling Bond Market Falls as Rates Rise, Forecasting UK Credit Crunch
Sterling Bond Market Falls as Rates Rise, Forecasting UK Credit Crunch
May 29, 2022  |  Europe

The U.K. credit market isn’t doing so well, Bloomberg reported Saturday (May 28), citing numerous troubles. Get the Full Story Complete the form to unlock...

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UK BNPL Firm Tranch Preps for US Launch With $4.2M
UK BNPL Firm Tranch Preps for US Launch With $4.2M
May 23, 2022  |  BNPL

Tranch, a U.K. buy now, pay later (BNPL) platform for SaaS sellers and professional services providers, says it has raised $4.25 million in pre-seed equity...

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UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
May 18, 2022  |  Security & Fraud

The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with...

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CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022  |  CFPB

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered...

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UK Financial Regulator Staff Stage First-Ever Strike
UK Financial Regulator Staff Stage First-Ever Strike
May 04, 2022  |  Personnel

Personnel at the U.K. Financial Conduct Authority (FCA) went on strike on Wednesday (May 4) for the first time in history, according to a statement...

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Klarna Seeks to Appease UK Regulators With Credit Reporting 
Klarna Seeks to Appease UK Regulators With Credit Reporting 
May 04, 2022  |  BNPL

Klarna is moving ahead of potential regulation in Buy Now, Pay Later (BNPL) in the U.K. The company announced in a blog post on May...

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UK Regulators’ Path for AI Starts With Auditing Algorithms
UK Regulators’ Path for AI Starts With Auditing Algorithms
May 02, 2022  |  artificial intelligence

The Digital Regulation Cooperation Forum (DRCF), a group of four U.K. regulators, published last week, April 28 two documents where it provided businesses with guidance...

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W2, Visa Team Up on UK Business Compliance Tools
W2, Visa Team Up on UK Business Compliance Tools
April 28, 2022  |  VISA

Regulatory compliance software platform W2 is teaming up with payments behemoth Visa to offer “enhanced compliance solutions and tools for U.K. Platinum and Infinite business...

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