UK - page 12

Fintech & Ecommerce

Amazon Offers Up Marketplace Rule Change to Solve UK Antitrust Issues

Amazon agreed to the proposal to change the mechanism for processing information about competitors’ sales and introduce the practice of equal interaction with all sellers operating on the virtual platform of the e-commerce giant in the UK.

News

NatWest CEO Steps Down

The chief executive officer of NatWest Group Plc, Alison Rose, is resigning amid a scandal related to the fact that this financial institution closed the account of Nigel Farage, a politician-turned-pundit.

Society & Lifestyle

Spotify Raises Its Premium Subscription Price

Streaming service Spotify has announced an increase in the cost of an individual tariff plan without advertising, to which 200 million people have subscribed.

Society & Lifestyle

Apple Considers Removing Messaging Services from UK

The media reports that Apple has taken a position of radical rejection of updates to the Investigatory Powers Act, which was proposed by the British government.

Fintech & Ecommerce

UK Regulator to Roll Out Isolated Environment for Testing Financial Apps

The Financial Conduct Authority of the United Kingdom (FCA) intends in the foreseeable future to provide companies with access to an isolated technological environment in which firms will be able to test the functioning of their digital products at an early stage of development.

News

Netflix Reduces Availability of Ad-Free Plan

Netflix announced a restriction on the availability of the cheapest monthly tariff plan, which provides for the absence of advertising.

Science & Technology

Isometric Allocates $25 Million to Build Science Platform Focused on Carbon Removal

According to the results of the funding round, the London-based startup Isometric received investment funds for $25 million, which will be used to implement initiatives in the field of combating climate change.

News

UK Watchdog Targets Finfluencers and Crypto Memes

UK Financial Conduct Authority (FCA) proposes to bring crypto memes and financial influencers (finfluencers) in compliance with the local advertising laws

Society & Lifestyle

Stability AI Co-Founder Says About Forcing Sale of Stake in Company

The co-founder of Stability AI sued this company, stating that manipulation was used against him, containing deception at its core, because of which he was forced to sell his stake in the company for $100.

Events

Open Banking Expo UK & Europe

If Open Banking, Open Finance, Open Data or Open Banking Payments is your thing, Open Banking Expo is your must-attend event of 2023. The event SOLD OUT in 2022. Grab a pass in time to unravel the complexities and opportunities that lie ahead in a dynamic open ecosystem against the recent backdrop of the JROC recommendations and […]

Finance & Economics

Monzo Evaluates Possible Merger With Lunar

The British mobile bank Monzo is currently assessing the potential prospects of a merger with the Danish financial institution Nordic peer Lunar Group A/S, as reported by the media concerning sources aware of the relevant intentions of the digital lender.

News

Prolific Raises $32 Million to Train and Stress-Test AI Models

The London-based startup Prolific, which operates in the field of artificial intelligence, announced the raising of investment funds in the amount of $32 million following the results of the financing round.

News

Nine British Banks Sign Up to New AI Tool for Tackling Scams

Mastercard has launched sales of an artificial intelligence-based tool with which financial institutions can record customers’ attempts to transfer money to fraudsters.

News

HSBC Tests Quantum Tech in London to Guard Against Hacks

HSBC Holdings Plc will be the first British financial institution to test an advanced data protection system.

Finance & Economics

UK Reportedly to Make Overseas Banks Replace Branches With Subsidiaries

The media reported that the Central bank of Great Britain is currently studying the possibility of introducing new restrictive measures against international financial institutions that operate in this country.

News

NatWest Launches Incentives for New and Expanded Business Accounts

NatWest has developed preferential offers for UK businesses that already have or are just opening accounts with this financial institution.