uk

UK Drivers File GDPR Lawsuit Against Uber
UK Drivers File GDPR Lawsuit Against Uber
March 22, 2019  |  Ridesharing

Four U.K. Uber drivers are filing a lawsuit against the company for alleged violations of EU’s General Data Protection Regulation (GDPR) law, according to a...

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FCA: No-Deal Brexit Poses Risks To Financial Sector
FCA: No-Deal Brexit Poses Risks To Financial Sector
March 21, 2019  |  Brexit

The Financial Conduct Authority (FCA) warned Thursday (March 21) that a no-deal Brexit poses risks to the financial sector and the customers these firms serve,...

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Tandem Bank Launches New Automatic Savings Account
Tandem Bank Launches New Automatic Savings Account
March 20, 2019  |  Consumer Finance

U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. According to a report in...

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UK Complaints Body Gets Nod To Increase FinTech Fines
UK Complaints Body Gets Nod To Increase FinTech Fines
March 08, 2019  |  Regulation

Britain’s Financial Conduct Authority (FCA) has said the Financial Ombudsman Service, which handles complaints from financial companies and customers, will be able to raise fine...

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PayPal Hits £1B UK SMB Lending Milestone
PayPal Hits £1B UK SMB Lending Milestone
March 06, 2019  |  Alternative Finances

PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United Kingdom through its...

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Adyen Launches Direct-To-Merchant Payment Service
Adyen Launches Direct-To-Merchant Payment Service
February 20, 2019  |  Digital Payments

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking. In a press release,...

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Visa, Lloyds Pilot New Cash Scheme To Boost Access
Visa, Lloyds Pilot New Cash Scheme To Boost Access
February 19, 2019  |  Banking

Lloyds Banking Group, the U.K. bank, announced Tuesday (Feb. 19) a partnership with Visa in which the two have launched a new pilot scheme aimed...

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UK Lawmakers, Regulators Call For Cash System Overhaul
UK Lawmakers, Regulators Call For Cash System Overhaul
February 12, 2019  |  Financial Inclusion

Lawmakers and regulators in the U.K. called for an overhaul of the cash system in the country to avoid people from being completely shut out. Reuters, citing...

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UK FinTechs Garnered Record VC, PE Investments In 2018
UK FinTechs Garnered Record VC, PE Investments In 2018
February 12, 2019  |  Fintech Investments

The U.K. FinTech market had a strong showing in 2018, with venture capital and private equity investments hitting $3.3 billion. According to Innovate Finance, that...

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