Crypto Startup Klink Finance Gains EU Licence
Klink Finance, a crypto startup based in London, has received initial permission to provide services in the European Union.
UK - page 19
UK Open Banking Users Swell to 7 Million
In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.
Barclays Reveals Contactless Payments Trends
New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022
Tesco Considers Selling Its Banking Arm
Currently, the British supermarket chain Tesco is considering selling its banking division.
FCA Grants UK E-Money License to Payoneer
The Payoneer company, which specializes in providing financial services for cross-border transactions, got the license for electronic money (EMI) with the approval of the Financial Supervision Authority (FCA) in Great Britain.
UK Fintech Investment Declines 56% in 2022
UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year
Beware of Romance Fraud: £16.6 Million Stolen in H1 2022
Love is in the air – on Valentine’s Day, UK Finance’s Take Five to Stop Fraud campaign is warning people to stay alert to online romance fraud, which has caused losses of £16.6 million in the first half of 2022
KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
Digital Asset Protection Provider Coincover Raises $30 Million
Coincover, a UK-based provider of digital asset protection services, has reported raising $30 million in funding.
Identity Decisioning Fintech Alloy Launches in UK
US fintech Alloy has announced the launch of activities in the British financial services market as part of a project to expand its presence in the EMEA region.
Wales Issues Tender for National Mobility App
Transport for Wales (TfW) announced a tender for the development of a national Mobility-as-a-Service (MaaS) mobile application.
TSB Pilots Banking Pods
The British commercial bank TSB established cooperation with the Note Machine company in order to create banking pods instead of traditional local branches.
BNPL Firm Zilch Forms Partnership With StepChange
BNPL company Zilch, which is based in London, has reached an agreement on cooperation with a charitable organization StepChange, which specializes in providing consulting services on issues related to debt management.
FCA Takes Action Against Fraudulent Promotions
Over the past year, the British Financial Conduct Authority (FCA) has decided to block more than 8 thousand advertisements and marketing campaigns that somehow mislead consumers.
Unbanked and Mastercard to Partner on Crypto Card Issuance in Europe
Unbanked and Mastercard have agreed to cooperate to accelerate the process of issuing decentralized finance (DeFi) cards in Europe.
Zopa Bank Raises £75 Million
Zopa Bank has announced the receipt of financing in the amount of 75 million pounds for the implementation of the next stage of expansion of the scale of activities in the UK market.
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