U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday (May 8). The total funding marks the single-largest round for a European FinTech in the...
British FinTech Revolut has unveiled a stand-alone cryptocurrency exchange for professional crypto traders. Revolut X, announced Tuesday (May 7), is designed to compete with other top exchanges by offering easy on and off ramping, and low fees, according to a Tuesday blog post from the...
Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer protection law. Considered the first of its kind globally, the rule sets a precedent in safeguarding consumers...
London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The company, which was formerly known as Statement, has compared 1.5 billion pounds (about $1.9 billion) in card turnover for small...
March 12, 2024
When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, has left observers wondering whether that island may be sinking. This, as the U.K.’s first Global Fraud Summit, hosted by the Home Secretary, kicked off […]
February 26, 2024
There’s a global race going on with artificial intelligence at its center. It isn’t just a race between multibillion-dollar, or trillion-dollar, private enterprises looking to commercialize and scale their AI...
July 17, 2023
China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology companies from complying with Beijing’s...
June 27, 2023
How does one tame the hyper-rapid advance of the disruptive technical beast? While marketplace innovations have always played the proverbial “hare” to the regulatory “tortoises” of national governments when it...
May 08, 2024
The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under investigation. Despite criticism from industry bodies and lawmakers, the FCA told the Treasury Committee Wednesday (May 8) that it remains committed to its initiative, Reuters reported Wednesday. The FCA unveiled its plans […]
May 08, 2024
U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday...
May 07, 2024
British FinTech Revolut has unveiled a stand-alone cryptocurrency exchange for professional crypto traders. Revolut X, announced Tuesday (May 7), is designed to compete with other top exchanges by offering easy...
May 02, 2024
London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The company, which was formerly known...
