British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached its first full year of profitability and amid an increasing embrace of connected banking. “What a milestone to add to...
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is...
The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to the British economic secretary to the Treasury, Bim Afolami, to push back against the rules, Bloomberg News reported, citing a...
The United Kingdom has reportedly begun to draft regulations to govern artificial intelligence (AI). Policy officials are in the early stages of drafting legislation, but the government is unlikely to introduce a bill until late 2024 or early 2025, after an AI conference that will...
July 29, 2024
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is 15% of the entire U.K. population. If 15% of the […]
October 06, 2023
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct....
October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time...
December 30, 2022
In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda and in 2023 will continue...
August 06, 2024
British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached its first full year of profitability and amid an increasing embrace of connected banking. “What a milestone to add to an already brilliant year,” CEO TS Anil said in a […]
May 15, 2024
The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to the British economic secretary to...
April 15, 2024
The United Kingdom has reportedly begun to draft regulations to govern artificial intelligence (AI). Policy officials are in the early stages of drafting legislation, but the government is unlikely to...
February 20, 2024
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account...
