UK Inflation Drops
In September, the United Kingdom recorded a sharp decrease in the inflation rate.
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UK Economy Returns to Growth
In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment.
Tensions Rise Between UK Banks and Tech Companies
Currently, in the United Kingdom, there is an increase in tension between banks and technology companies specializing in the implementation of activities in the social media area, in the context of the question of which party should be responsible for paying compensation to people who have become victims of fraudulent crimes in the Internet space.
UK FinTech Constitutes 65% of All European Deals in H1 2024
While overall funding in the European fintech sector declined by 25% year-on-year, UK companies dominate the scene, accounting for 65% of all deals in the region.
UK Financial Regulator Fines Starling Bank
In the United Kingdom, the financial regulator fined local digital lender Starling Bank for 29 million pounds ($38.5 million).
Do Revenues and Sales Depend on a Variety of Payment Methods?
In an effort to boost sales, merchants strive to provide excellent customer experience and utmost payment flexibility. But does the variety of payment methods available on the e-commerce platform account for bigger revenues or scare customers away? We’re here to analyse a possible connection and decide whether the focus on payment variety is worth the […]
DailyPay Plans to Expand Earned Wage Access Services to UK
DailyPay will expand its earned wage access (EWA) services to the United Kingdom in the current fall.
Bank of England Keeps Interest Rates Steady
The Bank of England on Thursday, September 19, decided to keep interest rates at the same level.
Meta Resumes AI Training in UK
After a lengthy pause caused by regulatory hurdles, Meta will begin training its AI models using public content shared by adult UK citizens on Facebook and Instagram.
AWS to Invest $10 Billion in UK Data Centres
Unit of Amazon, which specializes in cloud computing and is called Amazon Web Services (AWS), on Wednesday, September 11, announced its intention to invest 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years.
US, EU and UK Sign International AI Framework Convention
The joint AI treaty is the next global move towards unifying national goals and values related to artificial intelligence, human rights and democracy.
UK Regulator Reportedly Cuts Fraud Reimbursement Plan
The media reports that currently in the United Kingdom, the local payment regulator is abruptly cutting its compensation plan for victims of fraud.
Robinhood Launches Stock Lending for British Customers
Robinhood has announced the launch of a new stock lending offering for customers in the United Kingdom.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Lloyds Bank and Cleareye Launch Partnership
Lloyds Bank announced the start of a partnership with the artificial intelligence platform Cleareye.ai.
UK Banks Reportedly Struggle With New Fraud Rules
Currently, in the United Kingdom, according to media reports, hundreds of local financial institutions and fintech companies are making every possible effort to ensure that their activities comply with the new anti-fraud rules in the payment transaction area.
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