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.

Citigroup Fined $56M In UK For Regulatory Reporting Miss

Citigroup Fined $56M In UK For Regulatory Reporting Miss
Citigroup Fined $56M In UK For Regulatory Reporting Miss
November 26, 2019  |  Bank Regulation

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate...

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Late Payments Epidemic Continues To Have Ripple Effects In Europe
Late Payments Epidemic Continues To Have Ripple Effects In Europe
November 25, 2019  |  B2B Payments

The data show that late payments continue to have significant impact across the UK – and firms are devoting at least one work week a...

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UK’s Magway Aims To Build Tunnels For Package Delivery
UK’s Magway Aims To Build Tunnels For Package Delivery
November 14, 2019  |  Delivery

A U.K. startup has proposed building a system of tunnels in the U.K. to deliver as many as 600 million packages a year to the...

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Xero Overhauls Payments For Faster Transactions
Xero Overhauls Payments For Faster Transactions
November 13, 2019  |  B2B Payments

New Zealand’s cloud-based accounting firm Xero is overhauling payments to integrate with TransferWise, Stripe and GoCardless, Xero said in a press release Wednesday (Nov. 13)....

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MarketInvoice Rebrands To Expand Business Finance Offering
MarketInvoice Rebrands To Expand Business Finance Offering
November 12, 2019  |  B2B Payments

MarketInvoice is rebranding to reflect its expansion beyond invoice financing for small businesses. Get the Full Story Complete the form to unlock this article and...

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Deutsche Bank Admits Widespread Payment Failures To BoE
Deutsche Bank Admits Widespread Payment Failures To BoE
November 12, 2019  |  Bank Regulation

Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts, the Financial Times...

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Deliveroo Adds Pickup Option For Restaurant Orders
Deliveroo Adds Pickup Option For Restaurant Orders
November 11, 2019  |  Cross-border Payments

U.K.-based on-demand food delivery service Deliveroo is expanding its platform to include a pickup option, TechCrunch reported on Monday (Nov. 11). Get the Full Story...

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HSBC’s Digital SMB Banking Platform Launches In Beta
HSBC’s Digital SMB Banking Platform Launches In Beta
November 11, 2019  |  B2B Payments

U.K. lender HSBC made progress in the launch of its digital banking platform for small businesses, Kinetic, which is now operating in beta phase, Reuters...

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