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.
UK - page 21
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
a16z Crypto Expands to UK
A “predictable business environment” is one of the main factors behind a16z crypto decision to expand to the UK
FCA Introduces Crypto Advertising Limits
The UK Financial Conduct Authority (FCA) is going to introduce tougher rules for the marketing of crypto assets, designed to ensure those who buy crypto understand the risk
NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
Starling Bank Enables ‘Hide References’ to Aid Economic Abuse Victims
Starling Bank launched an unprecedented feature that enables abuse victims to switch off intimidating and offensive payment references that can accompany bank transfers
Standard Life Partners Moneyhub for Open Finance Integration
Standard Life is teaming up with Moneyhub to roll out the open financial instrument Money Mindset.
UK Neobank Monzo Records First Monthly Profits
British neobank Monzo said that it managed to achieve profitability.
Barclays Bank Invests £3 Million in Trade Ledger
Barclays Bank has directed investments of 3 million pounds to the development of Trade Ledger.
Coinbase Introduces Zero Trading Fee Subscription
Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
BT to Cut 55,000 Jobs
Telecommunications giant BT has announced its intention to cut 55,000 jobs by the end of this decade.
