Bank of England Keeps Interest Rates Steady
The Bank of England on Thursday, September 19, decided to keep interest rates at the same level.
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Meta Resumes AI Training in UK
After a lengthy pause caused by regulatory hurdles, Meta will begin training its AI models using public content shared by adult UK citizens on Facebook and Instagram.
AWS to Invest $10 Billion in UK Data Centres
Unit of Amazon, which specializes in cloud computing and is called Amazon Web Services (AWS), on Wednesday, September 11, announced its intention to invest 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years.
US, EU and UK Sign International AI Framework Convention
The joint AI treaty is the next global move towards unifying national goals and values related to artificial intelligence, human rights and democracy.
UK Regulator Reportedly Cuts Fraud Reimbursement Plan
The media reports that currently in the United Kingdom, the local payment regulator is abruptly cutting its compensation plan for victims of fraud.
Robinhood Launches Stock Lending for British Customers
Robinhood has announced the launch of a new stock lending offering for customers in the United Kingdom.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Lloyds Bank and Cleareye Launch Partnership
Lloyds Bank announced the start of a partnership with the artificial intelligence platform Cleareye.ai.
UK Banks Reportedly Struggle With New Fraud Rules
Currently, in the United Kingdom, according to media reports, hundreds of local financial institutions and fintech companies are making every possible effort to ensure that their activities comply with the new anti-fraud rules in the payment transaction area.
Revolut Signs Agreements With Investors for Secondary Share Sale
Revolut has signed secondary share sale agreements with investors.
UK Inflation Demonstrates Growth
In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.
Economists Forecast UK Inflation to Rise
Experts interviewed by the media predict that statistical data will be released this week, indicating an acceleration in the growth of inflation in the United Kingdom.
Neobank Monzo Customer Base Exceeds 10 Million
Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.
Lloyds Hires AWS Exec to Lead AI and Analytics Division
Rohit Dhawan was appointed by Lloyds Banking Group as Director of AI (artificial intelligence) at the Group’s new AI Centre of Excellence, bringing together experts in Data Science, Behavioral Science, ML Engineering, Advanced Analytics and AI Ethics.
UK Cancels $1.7 Billion of Computing Projects
In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).
UK Banks Cut Costs
The largest local financial institutions in the United Kingdom have started to cut costs.
