uk

As Bank Branches Shutter, UK Regulators Push New Cash ‘Access’ Rules
As Bank Branches Shutter, UK Regulators Push New Cash ‘Access’ Rules
September 16, 2024  |  Cash

Cash may not be king in the digital age, but the dollars and the coins are still essential. Regulators and central banks, through new laws...

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UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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Revolut Sees Jump in Scam Complaints as APP Fraud Grows
Revolut Sees Jump in Scam Complaints as APP Fraud Grows
September 11, 2024  |  Security & Fraud

Revolut enjoys the distinction of being the most valuable FinTech in Europe. But as a report Wednesday (Sept. 11) by Bloomberg News points out, the company has...

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Unregistered Crypto ATMs Lead to Landmark UK Prosecution 
Unregistered Crypto ATMs Lead to Landmark UK Prosecution 
September 10, 2024  |  Legal

A British regulator has charged a London man for operating several unlicensed crypto ATMs. Olumide Osunkoya, 45, has been charged with a running series of...

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Lloyds Calls for Swift End to British Car Loan Investigation
Lloyds Calls for Swift End to British Car Loan Investigation
September 09, 2024  |  Regulation

A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that...

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HSBC Reportedly Considers Commercial-Investment Bank Merger
HSBC Reportedly Considers Commercial-Investment Bank Merger
September 09, 2024  |  Banking

Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery’s effort...

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Cantaloupe Expands Self-Service Commerce Capabilities With SB Software Acquisition
Cantaloupe Expands Self-Service Commerce Capabilities With SB Software Acquisition
September 09, 2024  |  Acquisitions

Cantaloupe, a global provider of self-service commerce technology, expanded its capabilities and market reach by acquiring SB Software, a provider of vending and coffee management...

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Global AI Treaty Sparks Debate on Innovation vs. Regulation
Global AI Treaty Sparks Debate on Innovation vs. Regulation
September 06, 2024  |  Artificial Intelligence

A new international artificial intelligence treaty signed by the United States, the United Kingdom and the European Union has rekindled a debate over the future...

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UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
September 06, 2024  |  Regulation

The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes...

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