UK - page 5

Finance & Economics

Bank of England Keeps Interest Rates Steady

The Bank of England on Thursday, September 19, decided to keep interest rates at the same level.

Science & Technology

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.

Science & Technology

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.

News

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.

News

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.

News

Robinhood Launches Stock Lending for British Customers

Robinhood has announced the launch of a new stock lending offering for customers in the United Kingdom.

Science & Technology

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.

Fintech & Ecommerce

Lloyds Bank and Cleareye Launch Partnership

Lloyds Bank announced the start of a partnership with the artificial intelligence platform Cleareye.ai.

News

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.

News

Revolut Signs Agreements With Investors for Secondary Share Sale

Revolut has signed secondary share sale agreements with investors.

Finance & Economics

UK Inflation Demonstrates Growth

In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.

News

Economists Forecast UK Inflation to Rise

Experts interviewed by the media predict that statistical data will be released this week, indicating an acceleration in the growth of inflation in the United Kingdom.

Fintech & Ecommerce

Neobank Monzo Customer Base Exceeds 10 Million

Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.

News

Lloyds Hires AWS Exec to Lead AI and Analytics Division

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.

Science & Technology

UK Cancels $1.7 Billion of Computing Projects

In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).

News

UK Banks Cut Costs

The largest local financial institutions in the United Kingdom have started to cut costs.