Uk news and trends

Report: UK Orders Apple to Allow Access to User Data

February 07, 2025
Apple building
UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
Security & Fraud // February 07, 2025

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 withdrawal or amendment of twice as many financial promotions in 2024 as it did the year before, according to a...

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

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 London initial public offering (IPO) by nearly 25%. The online fast-fashion retailer may cut its valuation to $50 billion, which...

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

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 the U.S., Executive Chair Ana Botin announced Friday (Jan. 31), per a report by Reuters. Sources told the news outlet...

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

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 the Travel Ledger platform. The capability comes from a new integration of Travel Ledger’s industry-specific B2B billing and settlement capabilities...

Interviews & Exclusives
44% of UK Consumers Plan to Use Digital Wallets Beyond Payments

December 02, 2024
In recent years, digital wallets have become an essential tool for making online payments, but their uses are quickly expanding. In the U.K., nearly half of consumers (44%) expect to continue using digital wallets in the next three years, with Gen Z and millennials leading the charge. According to a PYMNTS Intelligence report, “Digital Wallets […]

From Outdated to Automated: UK Eyes Massive Healthcare Transformation

September 26, 2024
What is necessary for organizational success isn’t always easy. And as the U.K. National Health Service’s (NHS) recent 2.5 billion pound procurement request for its Digital Workplace Solutions 2 mega-framework shows,...

What the US Can Learn From Europe’s Digital Wallet Renaissance

September 03, 2024
Digitization over the past decade-plus has transformed the back office with next-generation software solutions. But it’s not just the back office; innovations like digital wallets have been transforming the proverbial...

3 Big Ideas From PYMNTS Intelligence’s Digital Wallets UK Report

July 25, 2024
In the United Kingdom, digital wallets are not just tools for online payments; they are rapidly evolving into versatile companions for everyday tasks and transactions. A recent PYMNTS Intelligence Report,...

Quick Reads
Report: UK Orders Apple to Allow Access to User Data

February 07, 2025
Apple is reportedly facing an order from British authorities to give the government a way to access global user data stored in its cloud services. The authorities asked the tech giant in January, in an undisclosed order, to remove the encryption it uses to secure the data, Bloomberg reported Friday (Feb. 7), citing an unnamed source. They […]

UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions

February 07, 2025
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 withdrawal or amendment of twice...

Report: Shein Considers 25% IPO Valuation Cut After Tariff Increase

February 07, 2025
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 London initial public offering (IPO)...

Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization

January 31, 2025
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 the U.S., Executive Chair Ana...