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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.
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.
UK challenger bank monese is reportedly set to become the latest FinTech unicorn as it gets close to a £100m investment round.
Signing a great trade deal with the EU after Brexit might be trickier for Boris Johnson than he lets on.
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.
UK challenger bank Revolut is reportedly eying a new funding round which would value the business at $5bn (£3.85bn).
Brexit has caused a lot of uncertainty for FinTech firms. However, those worries have not stopped Getsafe from venturing into Britain.
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 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.