NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
UK
Starling Bank Enables ‘Hide References’ to Aid Economic Abuse Victims
Starling Bank launched an unprecedented feature that enables abuse victims to switch off intimidating and offensive payment references that can accompany bank transfers
Standard Life Partners Moneyhub for Open Finance Integration
Standard Life is teaming up with Moneyhub to roll out the open financial instrument Money Mindset.
UK Neobank Monzo Records First Monthly Profits
British neobank Monzo said that it managed to achieve profitability.
NatWest to Let UK Merchants Accept Contactless Payments on Android Smartphones
NatWest Bank announced the launch of a software solution for retail outlets (SoftPOS).
Barclays Bank Invests £3 Million in Trade Ledger
Barclays Bank has directed investments of 3 million pounds to the development of Trade Ledger.
Moonfire Raises $115 Million for AI-Centric Early-Stage Startups
Moonfire Ventures announced that it managed to attract investment funds for $115 million, which will be used to financially support startups in the field of artificial intelligence that are at the early development stage.
Coinbase Introduces Zero Trading Fee Subscription
Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
BT to Cut 55,000 Jobs
Telecommunications giant BT has announced its intention to cut 55,000 jobs by the end of this decade.
Obie Raises $26 Million for Insurance Solutions
Obie announced the attraction of investment funds for $26 million following the results of the Series B financing round.
Vodafone to Cut 11,000 Jobs
Vodafone announced its intention to lay off 11 thousand employees.
Amazon Workers Launch Battle to Unionize in Britain
Employees at Amazon at a large warehouse located in the UK reported about unionization.
In UK Ransomware Payments Nearly Double in One Year
In the UK, payments by companies to ransomware programs have almost doubled over the past year.
UK Extradites Autonomy Co-Founder Mike Lynch to US
British technology entrepreneur Mike Lynch has been extradited to the United States, where he will be charged with committing illegal acts.
Revolut CFO Resigns Citing Personal Reasons
Revolut’s chief financial officer retired two years after starting work in the British fintech industry.
UK Food Bank Uses QR Codes and Biometrics to Distribute Food to Those in Need
Already available in a trial mode, the innovative food bank initiative enables people fighting personal crises and poverty to spend dedicated charitable funds at local grocery stores using QR code payment technology
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