uk

UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
February 21, 2023  |  Digital Banking

About 10% of U.K.’s population used open banking services in January. Data from a recent report by Open Banking Limited (OBL) shows that the number...

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HSBC Profits Jump 90% as Interest Rates Rise
HSBC Profits Jump 90% as Interest Rates Rise
February 21, 2023  |  Earnings

Banking giant HSBC is hopeful the interest rates that led to a huge jump in profits will last into this year. The London-based bank reported...

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UK Open Banking Users Swell to 7M  
UK Open Banking Users Swell to 7M  
February 20, 2023  |  Digital-First Banking

More than a million British customers used open banking for the first time in January. The addition of 1.2 million first-time users during the month...

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Asda Cuts Final Grocery Ties to Walmart 2 Years After Spin-Off
Asda Cuts Final Grocery Ties to Walmart 2 Years After Spin-Off
February 17, 2023  |  Retail

As grocers look to lay solid foundations for their digital futures, Asda is dropping Walmart. The United Kingdom-based supermarket chain announced Thursday (Feb. 16) that it is partnering with digital...

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Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
February 17, 2023  |  Retail

British auto marketplace Cazoo is selling its German subscription business two years after buying it.  The decision, announced in a Friday (Feb. 17) statement, comes after the online...

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French Startup Brigad Raises $35M to Close Hospitality Staffing Gap
French Startup Brigad Raises $35M to Close Hospitality Staffing Gap
February 16, 2023  |  Gig Economy

French startup Brigad has raised $35 million to expand its freelancer staffing platform. The company, which connects hospitality and healthcare workers to businesses in need, announced the funding on...

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UK Edges Closer to BNPL Regulation as Consultation Kicks Off
UK Edges Closer to BNPL Regulation as Consultation Kicks Off
February 15, 2023  |  BNPL

The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by...

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Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic
Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic
February 14, 2023  |  Security & Fraud

The U.K. has been experiencing a widespread payments fraud epidemic in recent years. Authorized push payment (APP) fraud, for example, increased 40% between 2020 and...

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Europe’s Challenger Banks Jostle For Under-18 Market Share
Europe’s Challenger Banks Jostle For Under-18 Market Share
February 13, 2023  |  Digital-First Banking

With more and more consumers embracing digital-first banks, the under-18 crowd presents the next generation of customers.  But digital banking products for minors have not...

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