UK

News

UK Unemployment Hits 2.5-Year High

In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.

News

UK Tech Bosses Urge Focus on AI Skills in High-Stakes Election

Currently, in the United Kingdom, local executives in the technology area and entrepreneurs declare their desire for the next government of this country to focus on the development of skills related to artificial intelligence and on fiscal measures aimed at providing conditions for the implementation of the economic growth process.

Articles

NatWest Introduces Mastercard Business Savings to UK Debit Cards

NatWest Group, a UK-based banking firm serving commercial, retail, and private banking markets, recently partnered with Mastercard to reward small businesses with savings perks. The company introduced Mastercard Business Savings to its business debit card holders in the UK. The move aims to provide small and medium businesses with valuable savings opportunities. It offers cashback […]

Fintech & Ecommerce

Monzo Reports First Profitable Year

Neobank Monzo has recorded the first profitable year in its entire history, as a result of which this virtual lender, relying on positive financial indicators, is now planning to scale up its activities.

News

Visa Launches AI-Powered Fraud Detection Service in UK

Visa has launched a real-time artificial intelligence-based fraud detection service in the United Kingdom.

Finance & Economics

UK Inflation Slows

In the United Kingdom, the inflation rate in April was the lowest in almost three years.

News

UK Regulators Fine Citi

In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.

News

UK Seeks to More Transparency Into AI Models

The media reports that local authorities in the United Kingdom are currently working to increase the transparency of the training process by technology companies of their artificial intelligence models.

Finance & Economics

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

News

Monzo Raises $190 Million

British neobank Monzo on Wednesday, May 8, announced that it had managed to raise investments for $190 million.

News

Zopa Bank Reports £4 Billion in Customer Deposits

Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.

News

Bank of England Urges UK Payment Companies to Upgrade Operational Resilience

Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.

Articles

The Rise of Build-to-Rent: A New Frontier in the UK’s Property Investment Landscape

In recent years, the UK’s property market has seen a transformative shift with the rise of the build-to-rent (BTR) sector. This model, which focuses on constructing residential properties specifically for rental purposes, is rapidly gaining traction.

News

NatWest Issues First IP-Backed Loan to Sci-Net

The new High Growth IP Loan that Sci-Net secured from NatWest has been developed in cooperation with specialist IP evaluation company Inngot to help unlock the funding gap for high-growth firms.

Finance & Economics

Barclays Reports Earnings

On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.

News

ComfortDelGro Gets Green Loan From DBS to Accelerate Decarbonization of its UK Bus Fleet

SGD 100 million loan facility provided by DBS will be used to make the global operator ComfortDelGro’s bus fleet greener in the UK.