UK - page 7

News

UK Inflation Falls to 2%

In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.

Fintech & Ecommerce

Fintech Zilch Taps Deutsche Bank to Raise £100 Million Debt

Fintech company Zilch Technology Ltd., which is based in the United Kingdom, raised 100 million pounds ($127 million) as part of the deal on securitized debt financing.

Science & Technology

CuspAI Raises $30 Million

CuspAI, a company based in Cambridge, United Kingdom, was able to secure $30 million.

News

UK Unemployment Hits 2.5-Year High

In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.

Science & Technology

UK Tech Bosses Urge Focus on AI Skills in High-Stakes Election

Currently, in the United Kingdom, local executives in the technology area and entrepreneurs declare their desire for the next government of this country to focus on the development of skills related to artificial intelligence and on fiscal measures aimed at providing conditions for the implementation of the economic growth process.

Fintech & Ecommerce

Monzo Reports First Profitable Year

Neobank Monzo has recorded the first profitable year in its entire history, as a result of which this virtual lender, relying on positive financial indicators, is now planning to scale up its activities.

News

Visa Launches AI-Powered Fraud Detection Service in UK

Visa has launched a real-time artificial intelligence-based fraud detection service in the United Kingdom.

Finance & Economics

UK Inflation Slows

In the United Kingdom, the inflation rate in April was the lowest in almost three years.

News

UK Regulators Fine Citi

In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.

Science & Technology

UK Seeks to More Transparency Into AI Models

The media reports that local authorities in the United Kingdom are currently working to increase the transparency of the training process by technology companies of their artificial intelligence models.

News

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

News

Monzo Raises $190 Million

British neobank Monzo on Wednesday, May 8, announced that it had managed to raise investments for $190 million.

Finance & Economics

Zopa Bank Reports £4 Billion in Customer Deposits

Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.

Fintech & Ecommerce

Bank of England Urges UK Payment Companies to Upgrade Operational Resilience

Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.

News

NatWest Issues First IP-Backed Loan to Sci-Net

The new High Growth IP Loan that Sci-Net secured from NatWest has been developed in cooperation with specialist IP evaluation company Inngot to help unlock the funding gap for high-growth firms.

News

Barclays Reports Earnings

On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.