U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.

Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform

Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
September 21, 2020  |  Partnerships

Swedish open-banking platform Tink and U.K.-based OpenWrks have entered into a strategic partnership that includes Tink acquiring OpenWrks’ aggregation platform for an undisclosed sum. Get...

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British Retail Sales Volumes Climb 0.8 Pct In August
British Retail Sales Volumes Climb 0.8 Pct In August
September 18, 2020  |  Retail

Retail sales volumes in Great Britain rose by 0.8 percent in August in contrast to July, marking the fourth straight month of expansion, according an...

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Pay.UK’s Answer Pay And Mastercard Execute Successful First Transaction
Pay.UK’s Answer Pay And Mastercard Execute Successful First Transaction
September 17, 2020  |  Payments Innovation

British payments firm Pay.UK’s Answer Pay service and new enrollee Mastercard have successfully completed their first post-testing transaction involving Answer Pay’s “Request to Pay” service,...

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Tesco Bank Debuts Digital Payment Platform For 2.6M Credit Card Customers
Tesco Bank Debuts Digital Payment Platform For 2.6M Credit Card Customers
September 15, 2020  |  Digital Payments

Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 million credit...

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UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
September 14, 2020  |  Legal & Regulation

The United Kingdom’s financial regulator has closed the book on seven of 14 criminal investigations into the breach of money laundering rules, the Financial Times...

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 
Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax;...
September 08, 2020  |  Legal & Regulation

Here’s the latest news for Big Tech’s Google, Amazon, Apple and Facebook, which are coming under increasing scrutiny from legislators and regulators the world over....

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UK Banks Retool Branch Locations For Office Space Use
UK Banks Retool Branch Locations For Office Space Use
August 30, 2020  |  Real Estate

As the U.K.’s banks reconfigure their branches to accommodate a COVID-19 world, some are converting portions of the underused real estate into office space. Get...

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Railsbank To Buy Wirecard’s UK Operations
Railsbank To Buy Wirecard’s UK Operations
August 28, 2020  |  Partnerships

Wirecard Card Solutions Ltd. has announced plans to sell its U.K. operations more than two months after the disgraced German payments company filed for insolvency....

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