UK

News

Monzo Aims for £4 Billion Valuation

Monzo, a fintech unicorn based in the United Kingdom, is set to achieve a £4 billion valuation as part of its latest funding round.

News

Barclays to Return £10 Billion to Investors in Overhaul

Barclays Plc announced its activity plans for the near future, which include taking measures to reduce costs, structural reorganization, and returning at least £10 billion to shareholders.

Finance & Economics

NatWest Sees Revenue Dropping

NatWest Group expects its revenue this year to likely decline because the business of this company is currently under pressure due to falling interest rates.

News

UK Falls Into Recession

The recession has become an economic reality in the United Kingdom, as evidenced by official data published by the Office for National Statistics (ONS) on Thursday, February 15.

Finance & Economics

UK Inflation Holds at 4%

In the United Kingdom, inflation remained at 4% in January, demonstrating what corresponds to such a concept as stability.

News

Revolut Launches Phone Plans for Travelers

Revolut, based in the United Kingdom and operates in the sphere of financial technologies, announced the launch of phone plans.

News

Barclays to Acquire Tesco Bank

Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, operating infrastructure, deposits, and unsecured personal loans.

Fintech & Ecommerce

Bank of England Governor Andrew Bailey Embraces AI

Governor of the Bank of England Andrew Bailey agrees with the opinion of the House of Lords that artificial intelligence should not be perceived as a risk to business.

Finance & Economics

Bank of England Opens Prospect of Rate Cuts in 2024

For the first time since the beginning of the coronavirus pandemic, the Bank of England opened the door to cut interest rates, confirming forecasts that the inflation rate will reach the target level in the coming spring, and warning of the likelihood of renewed price pressure.

Finance & Economics

Probability of Interest Rate Cut by Bank of England Grows

The Bank of England on Thursday, February 1, is likely to keep the interest rates at 5.25%, keeping this indicator within what can be described as sustainable stability.

Fintech & Ecommerce

Revolut Launches Cross-Border Mobile Wallets

Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.

News

India Is Among Top Fintech Cluster Hubs Globally

The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.

News

Aldi Introduces App-Free Payments at Checkout-Free Store

Customers at the checkout-free concept Aldi store in London can now simply tap their contactless payment card or mobile phone at a barrier to enter the store.

Fintech & Ecommerce

Zilo Raises £25 Million in Series A

British asset and wealth management software provider Zilo has announced that it has managed to raise 25 million pounds in a Series A funding round.

News

NatWest Launches Intellectual Property-Based Lending

NatWest Group has launched a new loan offer for fast-growing businesses.

News

Fintech Funding in US and UK Sees Sharp Decline in 2023

Inflation, increased interest rates, geopolitical instability, and other macroeconomic challenges brought US and UK fintechs 36% and 63% less money last year, respectively.