uk

FCA Fines Al Rayan and Guaranty Trust Banks For AML Failures
FCA Fines Al Rayan and Guaranty Trust Banks For AML Failures
January 11, 2023  |  Security & Fraud

The FCA has fined Al Rayan and Guaranty Trust banks over anti-money laundering (AML) failures. In the first penalty, announced by the U.K.’s Financial Conduct Authority on...

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UK Central Bank Warns Lenders of ‘Prolonged’ Period of Stress
UK Central Bank Warns Lenders of ‘Prolonged’ Period of Stress
January 11, 2023  |  Debt

The Bank of England said financial institutions should expect more scrutiny of their credit portfolios. “The operating environment for firms remains challenging,” the central bank...

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India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
January 11, 2023  |  Cross-border Payments

India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time...

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Tech Firms Usher in Next-Gen AR Glasses for European Creators
Tech Firms Usher in Next-Gen AR Glasses for European Creators
January 10, 2023  |  emea

Recent Big Tech moves highlight advancements in the design of augmented reality (AR) glasses. While the concept has been around for a while — it’s...

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Digital ID Aims to Simplify Brits’ Use of Public Services
Digital ID Aims to Simplify Brits’ Use of Public Services
January 10, 2023  |  Authentication

The United Kingdom is preparing legislation to help people prove their identity online. In a draft legislation to support identity verification published this month, the...

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Amazon to Shutter Three UK Warehouses
Amazon to Shutter Three UK Warehouses
January 10, 2023  |  Amazon

Amazon will close three of its U.K. warehouses in favor of newer fulfillment centers. The company said Tuesday (Jan. 10) the closures will affect warehouses...

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UK TravelTech Firms Streamline API Connections for Booking Websites
UK TravelTech Firms Streamline API Connections for Booking Websites
January 09, 2023  |  API

On the surface, booking a hotel online appears simple and straightforward. But behind the scenes, numerous technically mediated interconnections between booking websites and hotels are...

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Small Businesses Could Get Better Shot at UK’s $360B Procurement Spend
Small Businesses Could Get Better Shot at UK’s $360B Procurement Spend
January 09, 2023  |  emea

Pending U.K. legislation could boost small businesses’ access to the government’s massive pool of procurement money. The Procurement Bill is designed to make it easier...

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Meta’s $1.6B Kenya Court Case Revives Online Safety Debate
Meta’s $1.6B Kenya Court Case Revives Online Safety Debate
January 05, 2023  |  Meta

Kenya has taken center stage as governments worldwide debate how to regulate social media algorithms. Specifically, all eyes are on the Kenyan High Court, where...

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