uk

N26 Has $2.7B Valuation After Latest Funding Round
N26 Has $2.7B Valuation After Latest Funding Round
January 10, 2019  |  Digital Banking

N26, the European mobile bank operator, announced Thursday (January 10) that it has raised $300 million in venture funding, led by Insight Venture Partners. In a press...

READ MORE >
Consumer Lending In UK Declines Amid Brexit Uncertainty
Consumer Lending In UK Declines Amid Brexit Uncertainty
January 04, 2019  |  Brexit

The pre-Brexit decline in the U.K. economy is showing further signs as lending to consumers in the country increased at the slowest pace in close...

READ MORE >
Visa Inks Deal To Buy UK-Based Earthport For $250.6M
Visa Inks Deal To Buy UK-Based Earthport For $250.6M
December 27, 2018  |  VISA

Visa, the payments company, is acquiring U.K.-based Earthport, which facilitates international transactions for banks and companies. Reuters, citing Visa, reported Visa International Service Association is paying $250.6...

READ MORE >
Eight UK Credit Unions Went Out Of Business In 2018
Eight UK Credit Unions Went Out Of Business In 2018
December 26, 2018  |  Loans

Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. are shuttering at the fastest tempo in years, amid fears that...

READ MORE >
Out With The Old, In With The New
Out With The Old, In With The New
December 26, 2018  |  Today In Data

Five years is not a long time, but an awful lot can change in that time frame. Consumers these days expect to dip their card...

READ MORE >
Ant Financial Could Acquire UK’s WorldFirst For $700M
Ant Financial Could Acquire UK’s WorldFirst For $700M
December 26, 2018  |  Partnerships / Acquisitions

Ant Financial, the affiliate of Alibaba, is in discussions to pay around $700 million for U.K. payments company WorldFirst. The Financial Times reported that if...

READ MORE >
Uber Faces Fine From France For 2016 Data Breach
Uber Faces Fine From France For 2016 Data Breach
December 20, 2018  |  Security & Fraud

The French Data Protection Authority said Thursday (Dec. 20) that it fined Uber $460,000 over its 2016 data breach that exposed the data on 57...

READ MORE >
UK Trials Facial Recognition Tech During The Holidays
UK Trials Facial Recognition Tech During The Holidays
December 18, 2018  |  Safety and Security

Police in the United Kingdom are planning to use facial recognition over the holidays in highly-populated areas to find criminals, according to reports. Police plan...

READ MORE >
UK Watchdog Takes Heat Over Lloyds’ SMB Compensation Plan
UK Watchdog Takes Heat Over Lloyds’ SMB Compensation Plan
December 18, 2018  |  B2B Payments

The U.K. Financial Conduct Authority (FCA) is facing renewed criticism, this time over its handling of the program set up by Lloyds Bank to compensate...

READ MORE >