U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024  |  Banking

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated...

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UK Neobank Starling Profits Soar 55% for Third Year in the Black
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024  |  Digital Banking

Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing...

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FI Operational Resiliency Goes Proactive as UK Regulations Loom
FI Operational Resiliency Goes Proactive as UK Regulations Loom
April 22, 2024  |  Regulation

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational...

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Mind the Gap: Hiding Digital Features Costs UK Merchants Sales
Mind the Gap: Hiding Digital Features Costs UK Merchants Sales
March 20, 2024  |  VISA

Integrating online features and in-store shopping is reshaping the shopping experience in the U.K. However, more than one-quarter of U.K. merchants don’t offer the digital...

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Boohoo Group’s Shares Drop as Fast-Fashion Retail Industry Faces Challenges
Boohoo Group’s Shares Drop as Fast-Fashion Retail Industry Faces Challenges
October 03, 2023  |  Retail

Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to...

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Fraudulent UK COVID Loans Jump in Value
Fraudulent UK COVID Loans Jump in Value
September 14, 2023  |  Fraud Attack

The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the...

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Open Banking’s US Success Will Be Use-Case Specific
Open Banking’s US Success Will Be Use-Case Specific
September 01, 2023  |  Banking

At first glance the latest open banking stats coming out of the U.K. might hint at a seismic shift in payments across the pond. And...

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Apple Threatens to Remove Messaging Services From UK
Apple Threatens to Remove Messaging Services From UK
July 20, 2023  |  Apple

Apple has reportedly taken a tough stance against the British government’s proposed updates to the Investigatory Powers Act (IPA) 2016. The tech giant has said it...

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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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