July 28, 2020FinTech Revolut is working with Decision Tech, a price-comparison technology company, to launch a new service to help users compare — and switch — providers of gas, electricity, broadband, mobile and ...
July 28, 2020Amazon Inc. is planning to expand Amazon Fresh, its grocery delivery service, to millions of members in the United Kingdom (U.K.) by year’s end, the company announced.
Starting Tuesday (July 28) ...
July 24, 2020Britain’s stores have become the envy of the retail world.
Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened.
In June, sales ...
July 21, 2020A panel established to grow the United Kingdom’s financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21).
“The U.K. ...
July 9, 2020After realizing that shoppers would not likely go back to their old habits following a pandemic that has reshaped retail, two large United Kingdom retailers said they would eliminate over ...
July 2, 2020The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance, according to Sky News.
The program ...
June 30, 2020The pandemic has accelerated consumer preferences for contactless payments, leaving merchants scrambling to process higher volumes while remaining compliant with rules for strong customer authentication (SCA). In the latest Merchants ...
June 24, 2020Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported.
“We never thought we ...
June 10, 2020Goldman Sachs’ consumer digital bank Marcus is facing a nice problem to have (at least on the surface) in Britain. News emerged Wednesday (June 10) that the unit isn’t taking ...
June 8, 2020United Kingdom officials gave a California software company access to the private personal data of millions of British residents to answer questions around COVID-19, CNBC reported.
The National Health Service (NHS) provided ...
May 29, 2020Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike, founder of QuantRes, Yahoo! Finance ...
May 18, 2020After a financial watchdog raised the issue, banks in Britain are looking into whether they pressed businesses into giving them more work in exchange for loans amid the pandemic. Lenders, ...
April 12, 2020A mobile app to track the coronavirus is being developed by NHSX, the technology arm of Britain’s National Health Service (NHS), in coordination with Google and Apple, according to numerous ...
March 30, 2020The U.S. retail picture is bleak in this time of COVID-19. But the U.K. may be even worse. Data from February shows the U.K. economy was already sliding into declines ...
March 30, 2020U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on Sunday (March 29).
The real estate ...
March 27, 2020Amid fears over COVID-19, Travelex is closing down British bureaus for approximately eight weeks or a greater amount of time. The foreign exchange firm is also in discussions for sustained ...
March 27, 2020As shoppers stockpile items over the COVID-19 crisis, U.K. grocer Tesco will let shoppers order up to 80 items through the internet. The cap of 80 had been put into place so ...
March 26, 2020U.K. government officeholders and companies have chastised financial institutions for requiring personal guarantees for emergency loans that are backed by the state. The mandate puts much of the risk that the ...
March 20, 2020A U.K. law firm, Mishcon de Reya, has warned attorneys who are working from home to turn off their smart speakers while they’re talking to clients so the conversations don’t ...
March 16, 2020In today’s top news, factory production in China experienced its worst decline in 30 years, and Apple Card users will be allowed to skip March payments without incurring interest. Plus, ...
February 26, 2020Checkout.com, which works in global payment solutions, has made an acquisition in French payment company ProcessOut, the company said in an emailed press release. Financial terms of the deal were ...
February 25, 2020With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China. The U.K. grocer had created ...
February 25, 2020Online marketplace eBay has announced that it’s going to expand its “management of payments” to the United Kingdom, which will mean more payment options for customers, according to a release.
The ...
February 24, 2020In today’s top news, TurboTax creator Intuit is reportedly buying Credit Karma, and JPMorgan Chase is looking to open a digital bank in the U.K. by the end of the ...
February 20, 2020Google users in the U.K. will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction, according to officials, according to ...
February 14, 2020The increasing number of businesses using cards over cash could prompt some companies in the U.K. to stop using cash altogether after hundreds of years with that as the primary ...
February 11, 2020In the U.S., President Trump’s Fiscal Year 2021 budget, sitting at $4.8 trillion as of this week, proposes expanding the Treasury Department’s oversight of cryptocurrency. The budget, released Monday (Feb. ...
February 7, 2020Robinhood, the investment app that upended its market by elimination of commissions on stock trades is bringing its brand of disruption to the United Kingdom.
The UK launch is anticipated for ...
February 5, 2020With the infrequent closing of one of its stores, IKEA is expected to shutter a British location as the retailer says the store had a “substantially lower” number of shoppers than first ...
January 31, 2020Today marks a red letter day in Europe, to be sure. Perhaps especially so for FinTechs across the Pond.
Right into Brexit, which takes effect today (Jan. 31), data compiled by ...
January 29, 2020The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology ...
January 28, 2020In today’s top payments news, the U.K.’s Financial Conduct Authority (FCA) is questioning banks about a recent spike in overdraft fees, Yandex launches 15-minute grocery delivery in Moscow and Casper’s ...
January 28, 2020When one thinks of the world’s great cities for fashion, a few likely suspects always seem to make the list. Milan, Paris, New York, London and, in recent years, Beijing. ...
January 24, 2020In a setback to Takeaway.com’s purchase of Just Eat, Britain’s competition watchdog has launched a probe into the buyout, delaying the multi-billion dollar deal.
Takeaway.com fought a months-long battle against rival ...
December 30, 2019U.K.’s high streets have been hit with the hardest times in a quarter of a century with the closure of 16,000 stores this year and 140,000 jobs lost, according to ...
December 16, 2019Uber is planning to ring in 2020 with increased investment in electric bikes and scooters, with an emphasis on Europe, CNBC reported on Monday (Dec. 16).
Although Uber has said it ...
December 9, 2019The Competition and Markets Authority (CMA) will decide on Wednesday (Dec. 10) if Amazon’s quest to acquire a stake in Deliveroo — among the U.K.’s most thriving startups — can ...
December 6, 2019Makers of luxury goods, as well as beauty firms, are aiming to bring in shoppers who are moving away from malls and other venues. Some firms are revamping their brick-and-mortar locations to ...
December 3, 2019Retailers in the U.K. enjoyed a strong Black Friday despite forecasts that the holiday would leave shopping malls empty. Barclaycard reported an “outstanding” Black Friday in comparison to last year ...
December 2, 2019HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers.
The Competition and Markets Authority (CMA) reported that both banks failed to comply with new regulations that ...
FinTech Revolut is working with Decision Tech, a price-comparison technology company, to launch a new service to help users compare — and switch — providers of gas, electricity, broadband, mobile and ...
