Barclays Replaces Branches With Banking Pods
Bank Barclays, based in the UK, opts for semi-permanent bank cells, abandoning traditional branches.
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FCA Accuses Three Money Transfer Companies of Price Fixing
The UK Financial Supervision Authority (FCA) said that Dollar East, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited have established a policy of fixed prices charged to customers in Glasgow for transferring money from Great Britain to Pakistan.
Metro Bank Launches Digital Car Loan
UK-based Metro Bank is joining the auto financing market with a new digital car loan offer
Nova Credit Allowed to Provide Credit References in the UK
Nova Credit is a cross-border consumer credit bureau that uses first-party data to enable immigrant consumers to apply for financial services using their international credit history
HSBC Gets Warning for Open Banking Malfunctions
HSBC Bank again faced claims from the British Competition and Markets Authority for publishing false information through its Open data API.
UK Inflation Falls for Second Consecutive Month
In the UK, a decrease in the inflation rate has been recorded for the second month in a row.
New Technologies to Secure Authorized Payments, Zelle Scams
Authorized payments are one of the favorite targets for fraudsters, according to Aite-Novarica Group, they account for two out of five cases of fraud and losses for financial institutions.
BNPL Demand Soars in UK
Demand for BNPL (Buy Now Pay Later) solutions rose across all age groups in the UK, as living costs increase
Businesses Adopting Blockchain Despite Crypto Turbulence
A recent survey revealed that nearly 90% of businesses deploy blockchain technology in some capacity and plan to invest in blockchain in 2023
ATM Withdrawals Up First in Decade
Nationwide Building Society has recorded ATM withdrawals climb for the first time in 13 years as UK citizens try to minimize their spending by budgeting with cash
European Stocks Outperform US Peers
Typically lagging behind on the global market scene, European stocks have shown tremendous gains in the past couple of months, more than double the growth of their US counterparts
UK Fintech Funding Slashed by 8%
Fintech funding in the UK remained ahead of the levels seen in Europe and Asia amid a sharp global slowdown, but still decreased about 8% compared to its 2021 value
UK Offers Tax Exemption for Foreign Crypto Investors
Starting Jan. 1 2023, foreign investors purchasing crypto through local UK investment managers or brokers are exempt from additional tax
UK’s сryptocurrency race. Everything you need to know about Britcoin
In April this year, the British finance minister Rishi Sunak announced the UK’s plan to launch a “Britcoin” or a central-bank-backed digital currency. The objective, Sunak said, was to help overcome some of the challenges facing cryptocurrencies such as Bitcoin. To kick off, the minister said a joint Treasury-Bank of England task force was being […]
Which Countries Use Polymer Banknotes
Polymer banknotes were first widely adopted in Australia. The country introduced them as currency in 1988, during its bicentennial year. By 1996, Australia had entirely switched to these plastic notes. Romania became the first European country to issue a polymer banknote in 1999. By 2003, it had also switched entirely to polymer currency, following in […]
