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.
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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.
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.
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.
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.
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
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.
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
Amazon Teams With YouLend
Amazon on Tuesday, June 20, announced the beginning of cooperation with the YouLend embedded financing platform.
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.
Backbase Acquires Digital Wealth Platform Nucoro
Backbase, a global provider of banking software, has acquired London-based firm Nucoro.
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.
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.
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.
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
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