Rapyd Acquires PayU to Accelerate Expansion Plans
The $610 million acquisition deal enables Rapyd to continue its global expansion across emerging markets in Central and Eastern Europe and Latin America
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Finance Magnates London Summit (FMLS:23)
Registration for the Finance Magnates London Summit 2023 is officially open! Join the excitement and mark your calendars because the Finance Magnates London Summit 2023 (FMLS:23) is just around the corner! With registration now open, it’s time to secure your spot at the most anticipated event of the year. Ever since its inception in 2012, […]
Bloom Money Raises Funds to Digitize Microcredit Finance
The British fintech company Bloom Money has announced that it has managed to raise investment funds for 1 million pounds to digitize the informal financial management system used by ethnic communities around the world.
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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.
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.
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.
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.
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