UK - page 14

Science & Technology

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.

Finance & Economics

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.

News

UK Touts £21 Million Fund to Extend AI Deeper Into National Health Service

The UK government has announced the allocation of funding in the amount of 21 million pounds to National Health Service (NHS) trusts.

Fintech & Ecommerce

TikTok Looks to Challenge Amazon and Shein With New E-Commerce Initiative

TikTok has confirmed the testing of a new shopping section in the Trendy Beat app, in which users can purchase products supplied by the parent company ByteDance.

News

Customer Demand for Sustainability Banking Tools Far Exceeds Supply: Research

Almost 40% of UK citizens would like their financial institution to offer banking tools to track their sustainability impact

Fintech & Ecommerce

ACI Worldwide Offers Instant Payments to UK and EU Merchants

ACI Worldwide has announced the launch of its instant payment solution for merchants in the UK and Europe.

News

Interest-Only Mortgages Shrink in UK: Report and Forecast

UK Finance observed a further reduction in the size and risk profile of the interest-only mortgage book in 2022, as customers continued to repay their loans on or ahead of schedule

Fintech & Ecommerce

Amazon Teams With YouLend

Amazon on Tuesday, June 20, announced the beginning of cooperation with the YouLend embedded financing platform.

News

Binance Cancels UK Registration

Binance cancels registration in the UK amid regulatory checks.

Blockchain & Crypto

BIS and Bank of England Complete CBDC Project

The pilot project of using the central bank’s digital currency (CBDC), in which the Bank of England (BoE) and the Bank for International Settlements (BIS) participated, has been completed.

News

Backbase Acquires Digital Wealth Platform Nucoro

Backbase, a global provider of banking software, has acquired London-based firm Nucoro.

News

Synthesia Joins Unicorn Club Amid Flurry of AI Investments

The British company Synthesia, which specializes in developments in the field of artificial intelligence, announced that following the results of the Series C financing round, it managed to raise investment funds in the amount of $90 million.

News

Sunak Pitches UK as Home of AI Safety Regulation

British Prime Minister Rishi Sunak on Monday, June 12, during a speech at a technical conference in London, called the United Kingdom the center of artificial intelligence and regulation of the technology sector.

Science & Technology

Sunak Keeps Up Push to Make UK Leader in AI Regulation

British Prime Minister Rishi Sunak on Monday, June 12, according to information available to the media, will make a statement, which will be a continuation of his consistent public campaign aimed at promoting the claim that the United Kingdom should become a leader in regulating of the development and dissemination of artificial intelligence.

Fintech & Ecommerce

HSBC Launches Startup and Tech-Focused Innovation Banking Unit

HSBC rebrands and expands previously acquired SVB UK as the HSBC Innovation Banking unit to provide banking services to the startup, investor, and broader tech community