Rohit Dhawan was appointed by Lloyds Banking Group as Director of AI (artificial intelligence) at the Group’s new AI Centre of Excellence, bringing together experts in Data Science, Behavioral Science, ML Engineering, Advanced Analytics and AI Ethics.
In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).
The largest local financial institutions in the United Kingdom have started to cut costs.
Barclays on Thursday, August 1, published the results of its operations for the second quarter of the current year.
The media reports that currently, the dominant point of view among experts is that shortly the Bank of England is highly likely to warn investors that they should not bet on launching the process of consistently cutting interest rates if its policymakers decide this week on a sharp lowering of the cost of borrowing.
The Fractile startup, which is based in the United Kingdom, reported that it managed to raise $15 million in seed funding.
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
Revolut startup, which operates in the fintech industry, on Thursday, July 25, announced the receipt of a banking license in the United Kingdom.
The media reports that Revolut is currently preparing for a share sale that would value it at $45 billion.
The media reports that Revolut refused to reimburse thousands of customers in the United Kingdom after how they were defrauded.
A slowdown in the rate of wage growth was recorded in the United Kingdom.
Thought Machine’s next-generation core banking platform, Vault Core, will power Ethos real-time Shariah-compliant financial solutions available on mobile devices.
Data from the Calastone fund network shows that in the United Kingdom, investors added a record 11.4 billion pounds ($14.5 billion) to private equity funds in the first six months of the current year.
The head of Revolut, a financial technology industry giant based in the United Kingdom, Nikolay Storonsky, said he was optimistic about the prospects that this company would receive a banking license from the UK authorities.
The economy of the United Kingdom left the territory of the materialization of the negative recession scenario ahead of the time that experts and analysts predicted.
The media reports that Revolut is currently planning a sale of shares and seeking a valuation, which would be close to that of Lloyds Banking Group.
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