Tagged: uk

November 7, 2026 @ 9:48 am By Omar Faridi  |  

UK-based digital bank Monzo is weighing a new fundraising round that would price the company at approximately £7.5 billion, according to people familiar with the matter. The move follows the breakdown of takeover discussions with Brazilian fintech Nubank and the stalling of separate talks to… Read More

November 5, 2026 @ 5:09 pm By Omar Faridi  |  

London-based digital bank Revolut has solidified its position as Europe’s most valuable private company after completing a secondary share sale that places a $115 billion valuation on the business—a 53 percent jump from the $75 billion figure set in a similar transaction roughly a year… Read More

November 5, 2026 @ 3:21 pm By Omar Faridi  |  

The UK’s National Cyber Security Centre has judged that artificial intelligence-enabled malware is highly likely to feature in a ransomware attack against the country’s critical national infrastructure by the end of 2028. The assessment, released on 3 November 2026 as part of the NCSC’s State… Read More

November 5, 2026 @ 7:20 am By Omar Faridi  |  

UK digital bank Starling is preparing for a change at the top after its chief executive, Raman Bhatia, informed the board privately that he no longer wishes to continue leading the business. The development, reported by the Financial Times on 4 November 2026, comes roughly… Read More

October 30, 2026 @ 6:06 am By Omar Faridi  |  

UK’s Financial Conduct Authority (FCA) has obtained a High Court order that bars cryptocurrency exchange HTX—previously known as Huobi—from knowingly promoting cryptoasset services in violation of UK rules to customers based in the country. The development, announced by the regulator in late October 2026, marks… Read More

October 29, 2026 @ 11:09 am By JD Alois  |  

Yesterday, Chancellor John Healey delivered the Autumn Budget, which aims to ease some of the UK economy’s challenges, and provided a litany of policy updates. The UK economy has grown tepidly. Meanwhile, government spending has been rising, driving up debt. Consumers and businesses remain under… Read More

October 29, 2026 @ 8:27 am By Omar Faridi  |  

UK’s digital bank Monzo has officially entered the Spanish market, marking its first major expansion onto the European continent outside the UK and Ireland. The London-headquartered fintech, which has grown into one of the UK’s leading neobanks since its founding in 2015, announced the launch… Read More

October 29, 2026 @ 2:47 am By Omar Faridi  |  

A substantial majority of travel intermediaries view foreign exchange expenses as a significant operational hurdle, yet relatively few maintain precise records of these outlays, according to industry research shared by Fintech firm Modulr. According to the latest insights from Modulr, this gap in visibility raises… Read More

October 28, 2026 @ 9:11 pm By Omar Faridi  |  

The Bank of England has required an external examination of the procedures Revolut uses to clear new financial products, according to reporting by the Financial Times. The central bank’s Prudential Regulation Authority (PRA) issued a section 166 order earlier this year, shortly after the fintech obtained… Read More

October 28, 2026 @ 7:52 am By Omar Faridi  |  

Visa (NYSE: V) and Mastercard (NYSE: MA), the two dominant global payment networks, found themselves targeted by a pair of proposed collective proceedings in the United Kingdom’s Competition Appeal Tribunal. The actions, initiated by Commercial and Interregional Card Claims I Limited and Commercial and Interregional… Read More

October 26, 2026 @ 11:10 am By JD Alois  |  

Chancellor John Healey will deliver the first Autumn Budget under the new Prime Minister Andy Burnham, and while the broader mission remains to provide solace to a population that is fatigued by the higher cost of living and businesses in need of more growth, Labour… Read More

October 26, 2026 @ 8:32 am By Omar Faridi  |  

Digital bank Revolut has begun providing unsecured personal loans to customers in the United Kingdom, marking a key expansion into traditional consumer credit. UK chief executive Francesca Carlesi confirmed the development to Reuters, positioning the company—widely regarded as Europe’s highest-valued startup—to contest a profitable lending… Read More

October 26, 2026 @ 6:28 am By Omar Faridi  |  

S&P Global Ratings has delivered a notable milestone for the UK-based digital bank Revolut by assigning it an inaugural long-term issuer credit rating of BBB+ with a Positive outlook. Issued on 22 October 2026, the assessment marks the first time a major credit agency has… Read More

October 24, 2026 @ 11:23 am By Barry James  |  

As the UK House of Lords Financial Services Regulation Committee kickoff the first evidence session of their inquiry into Regulatory Sandboxes this week (with written submissions closing Friday) in this, the first of a short series, in which we will map, diagnose, and work out… Read More

October 24, 2026 @ 11:06 am By Omar Faridi  |  

Barclays (LON: BARC) has disclosed plans to eliminate roughly 5,000 positions across its global operations by the close of 2026, equivalent to about 5 percent of its total workforce. The lender reported a headcount of approximately 93,000 employees at the end of 2025. Of the… Read More

October 23, 2026 @ 5:33 pm By Omar Faridi  |  

European financial supervisors have reached out to Google following a significant cloud computing disruption earlier this week that temporarily disabled online services at multiple major banks. The outage, which occurred on Tuesday and persisted for several hours, stemmed from a power-related incident at a third-party… Read More

October 22, 2026 @ 11:02 pm By Omar Faridi  |  

The United Kingdom’s Financial Conduct Authority (FCA) opened two parallel consultations seeking industry input on decentralised finance (DeFi) and the boundaries of its forthcoming cryptoasset regime. The moves form part of the regulator’s ongoing preparation for the full crypto framework, which is scheduled to take… Read More

October 22, 2026 @ 2:55 pm By Omar Faridi  |  

Chinese prosecutors have applied to seize roughly 61,896 Bitcoin and associated digital assets currently held by British authorities, linking them to a large-scale fundraising fraud. The Tianjin No. 2 Intermediate People’s Court accepted the application in late September and issued a public notice in mid-October,… Read More

October 22, 2026 @ 9:22 am By Omar Faridi  |  

Standard Chartered (LON: STAN) announced that it has signed definitive agreements to acquire Zodia Custody. This step follows the earlier acceptance of the bank’s non-binding offer by Zodia Custody’s shareholders and noteholders. Completion remains conditional on regulatory approvals and standard closing requirements. Under the agreements,… Read More

October 21, 2026 @ 10:31 am By Omar Faridi  |  

Evidence continues to mount on both sides of the Atlantic that banks are limiting services available to cryptocurrency users. A newly released report from Stand With Crypto UK, titled Blocked: Britain’s Crypto Access Problem, details the scale of difficulties faced by customers in the United… Read More