Fintech Funding in US and UK Sees Sharp Decline in 2023
Inflation, increased interest rates, geopolitical instability, and other macroeconomic challenges brought US and UK fintechs 36% and 63% less money last year, respectively.
UK - page 9
HSBC Reportedly Joins Ranks of Suitors for Tesco Banking Arm
HSBC has joined the list of financial institutions that are participating in a kind of race for the right to acquire Tesco Bank.
UK Executives Urge Bank of England to Cut Rates
In the United Kingdom, the executives of local companies appealed to the Bank of England to lower interest rates shortly, arguing that this decision by the financial regulator would be able to support the country’s weakening economic system after the so-called depressed confidence turned out to be at a four-month low.
UK Ethnic Minority Businesses Are Twice More Ambitious Than SMEs Overall
Recent UK research showed that almost 6 in 10 ethnic minority-owned businesses (EMBs) have ambitions to both grow and take risks, significantly higher than the overall percentage of SMEs nationwide (27%).
Revolut Reports Revenue of More Than $1 Billion in 2022
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
UK Inches Closer to Technical Recession
The United Kingdom’s economic system is currently on a path that could end in recession.
Yoti Receives Funding From HSBC
Digital identity company Yoti has received debt financing for 12.5 million pounds from HSBC and another 7.5 million pounds of convertible debt financing from existing shareholders.
UK Supreme Court Says About Impossibility of Call AI as Inventor
The Supreme Court of the United Kingdom ruled that, from a legal point of view, it is not possible to designate artificial intelligence as an inventor to ensure patent rights.
UK’s Economy Shrinks
The economy of the United Kingdom in October this year showed a contraction that turned out to be stronger than expected.
UK Regulator Proposes Cap on Mastercard, Visa Interchange Fees
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
SumUp Raises $300M in Growth Funding
British fintech startup SumUp has raised a fresh funding round that brings the company valuation close to $8.6 billion.
UK Regulator to Review Microsoft and OpenAI Partnership
The British competition watchdog has formed the basis for launching an investigation into the partnership between Microsoft and OpenAI, which created the world’s most popular artificial intelligence-based chatbot called ChatGPT.
Jeremy Hunt Blames Brexit for Instability
British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.
Robinhood App Now Available in UK
UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.
Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical
A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.
UK’s Nottingham Files for Bankruptcy
Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.
Breaking News
© 2025 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.