uk

Elavon Spends $300M For Sage Pay
Elavon Spends $300M For Sage Pay
November 18, 2019  |  Partnerships / Acquisitions

U.S. Bancorp subsidiary Elavon is acquiring U.K. payments gateway Sage Pay for $300 million, according to reports on Monday (Nov. 18). The deal comes as...

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Revolut Seeks $500M To Staff Global Expansion
Revolut Seeks $500M To Staff Global Expansion
November 12, 2019  |  Digital Banking

Revolut, a British-based banking app, wants to raise $500 million to continue hiring and expanding into new markets, according to a report by Reuters. The digital...

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Royal Mint Launches 18-Karat Gold Mastercard With Unlimited Spend
Royal Mint Launches 18-Karat Gold Mastercard With Unlimited Spend
October 11, 2019  |  Mastercard

The Royal Mint announced that it is partnering with Mastercard and Accomplish Financial to launch a solid gold payment card. The 18-karat gold Raris card...

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Kazakh FinTech Defers London IPO On ‘Unfavorable’ Market Conditions
Kazakh FinTech Defers London IPO On ‘Unfavorable’ Market Conditions
October 08, 2019  |  IPO

Kazakh FinTech group Kaspi.kz has decided to postpone its U.K. initial public offering (IPO), which was poised to be the biggest IPO by a central...

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Finance Minister: UK To Exit EU On Oct. 31
Finance Minister: UK To Exit EU On Oct. 31
September 30, 2019  |  Brexit

U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). “Hopefully...

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What Brexit Uncertainty Will Mean For Ireland’s FinServ Future
What Brexit Uncertainty Will Mean For Ireland’s FinServ Future
September 19, 2019  |  Global Payments

The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the day after the...

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Facebook Lobbied UK For Libra Support Pre-Launch
Facebook Lobbied UK For Libra Support Pre-Launch
September 18, 2019  |  Cryptocurrency

Before it publicly released its plans for Libra, Facebook met with the Finance Ministry, the central bank and regulators in the U.K. about the proposed...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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Global Banks Plan For No-Deal Brexit
Global Banks Plan For No-Deal Brexit
August 30, 2019  |  Brexit

International financial institutions in the U.K. are getting ready for changes as it becomes more likely there will be a no-deal Brexit in October, Bloomberg...

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