uk

UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

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Groceries Keep Deliveroo Customers Coming Back as Restaurant Takeout Slips   
Groceries Keep Deliveroo Customers Coming Back as Restaurant Takeout Slips   
January 19, 2023  |  Delivery

Rising prices have negatively impacted Deliveroo shoppers’ loyalty, but expanded grocery options are driving frequency. The United Kingdom-based food delivery service shared on a call with analysts...

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Cazoo Targets Higher Margins as Used Car Market Shrinks
Cazoo Targets Higher Margins as Used Car Market Shrinks
January 18, 2023  |  Earnings

Cazoo has revealed plans to shake up its U.K. business. In a Wednesday (Jan. 18) earnings statement, the online auto seller announced a revised strategic...

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TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
January 17, 2023  |  Regulation

A five million euro fine for privacy violations welcomes TikTok to an expensive club. It’s not the first time the Chinese company has been fined...

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Sainsbury’s Teams Up With Just Eat for Deliveries
Sainsbury’s Teams Up With Just Eat for Deliveries
January 16, 2023  |  Partnerships

Just Eat users in the United Kingdom will soon be able to order from Sainsbury’s for grocery delivery. Over 175 stores will be included in...

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UK Mortgage Payments Hit Highest Level Since 2008
UK Mortgage Payments Hit Highest Level Since 2008
January 13, 2023  |  Real Estate

Mortgage costs relative to income in the United Kingdom have risen to their highest level in years. The latest data published by mortgage lender Nationwide...

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UK’s 6 Largest Banks Complete Open Banking Roadmap
UK’s 6 Largest Banks Complete Open Banking Roadmap
January 13, 2023  |  Digital-First Banking

The UK’s competition authority has announced the near completion of the country’s open banking roadmap. In a statement released on Thursday (Jan. 12), the Competition and Markets...

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Resilient UK FinTech Investment Landscape Unfazed by 2022 Decline
Resilient UK FinTech Investment Landscape Unfazed by 2022 Decline
January 12, 2023  |  Fintech Investments

U.K. FinTechs received $12.5 billion in investment in 2022, 8% less than the year prior. According to research published by Innovate Finance, an independent industry...

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Babylon Health Delivers 1M+ Telehealth Appointments, Easing Pressure on NHS
Babylon Health Delivers 1M+ Telehealth Appointments, Easing Pressure on NHS
January 12, 2023  |  Healthcare

In the year to October 2022, Babylon Health facilitated over a million U.K. telehealth appointments. As the U.K.-founded digital-first health service provider revealed during a...

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