Tags UK

Tag: UK

Banks refuse to reimburse fraud if consumer ignores any warning message

Banks are refusing to cover losses in fraud cases if they can prove they show fraud warnings at the point of purchase, according to a study from Which? Money.

FCA chief says tech giants need to collaborate to protect consumers

The chief executive of the UK’s Financial Conduct Authority (FCA) has stated tech giants need to collaborate with the regulator to better protect consumers.

Monese reportedly close to becoming UK’s latest challenger bank unicorn

UK challenger bank monese is reportedly set to become the latest FinTech unicorn as it gets close to a £100m investment round.

What will happen to UK FinTech after Brexit?

Britain is officially leaving the EU on January 31. The question is if the UK’s FinTech scene is ready.

The European Commission wants to give the UK a worse trading...

Signing a great trade deal with the EU after Brexit might be trickier for Boris Johnson than he lets on.

NEX Group founder Michael Spencer becomes major investor in Element Ventures’...

Element Ventures is the name of a new fund aimed at supporting the UK’s FinTech industry. Now it has been revealed that Michael Spencer, founder of the NEX Group, has invested £25m into the new £100m fund.

Revolut eyeing funding round which would bring its valuation to $5bn

UK challenger bank Revolut is reportedly eying a new funding round which would value the business at $5bn (£3.85bn).

Why German Getsafe dared to launch in the UK just days...

Brexit has caused a lot of uncertainty for FinTech firms. However, those worries have not stopped Getsafe from venturing into Britain.

Should banks face heavy fines for IT failures?

Despite the large adoption of digital banking services in the UK, many providers do not have safeguards in place for if their services go down. In the event of a system failure, it can mean millions of customers are left in the dark about their finances, unable to check accounts or even complete transactions.

Most website cookies in UK don’t meet GDPR compliance

Most cookies used in the UK do not consent to European data privacy and GDPR requirements, according to a new study from Aarhus University, MIT and UCL.