British Banks news and trends

Travelex Attack Forces UK Banks To Halt Foreign Currency Service
Security & Fraud // January 09, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. 9). The attack occurred on New Year’s Eve. On Jan. 2, Travelex...

UK Challenger Bank Tandem Acquires Pariti For Money Management
Partnerships / Acquisitions // March 14, 2018

U.K. challenger bank Tandem has acquired Pariti, a money management app that has collected 95,000 users. Co-founded by FinTech veteran Ricky Knox, Tandem also recently purchased Harrods Bank, which enabled the startup to achieve its goals of moving into the U.K. banking market. That acquisition gave...

Quick Reads
UK Treasury Wants Revolut to Go Public on London Exchange

August 18, 2024
The British treasury wants London-based FinTech Revolut to go public in its home country. That’s according to a report Friday (Aug. 16) by the Financial Times (FT), which says the treasury plans to play up the London market’s appeal in discussions with Revolut, now the most valuable FinTech in the U.K.  Treasury officials told the […]

Travelex Attack Forces UK Banks To Halt Foreign Currency Service

January 09, 2020
Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports...

UK Challenger Bank Tandem Acquires Pariti For Money Management

March 14, 2018
U.K. challenger bank Tandem has acquired Pariti, a money management app that has collected 95,000 users. Co-founded by FinTech veteran Ricky Knox, Tandem also recently purchased Harrods Bank, which enabled the...