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UK to finalise crypto regulatory framework by early 2025

News | Online & Mobile Banking | 22 Nov 2024

The United Kingdom has moved forward with its plans to introduce a draft regulatory framework for cryptocurrency assets in early 2025.

cryptocurrency, regulation, stablecoin, digital assets

Brazilian fintech Nubank considers domicile move to the UK

News | Online & Mobile Banking | 21 Nov 2024

Nubank has considered shifting its legal base to the UK, an initiative that will mark an important step in Britain’s push to encourage more tech firms to move to the country.

expansion, banking, financial services, financial institutions

UK Chancellor to reform financial services and scale growth

News | Online & Mobile Banking | 15 Nov 2024

The UK Chancellor has announced their plans to introduce a suite of reforms to ensure the growth and development of the region’s financial services sector. 

regulation, financial services, financial institutions, expansion, financial inclusion

UK Government unveils National Payments Vision

News | Payments General | 15 Nov 2024

The UK Government has released its National Payments Vision, outlining objectives for the nation's payments sector.

payments , Open Banking, online payments, digital payments, regulation

UK officers break up GBP 55 million money laundering ring in Hackney

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

A proactive investigation launched by UK police has uncovered an international network of ML via Chinese underground banking, valued at GBP 55 million.

fraud management, fraud detection, online fraud, fraud prevention, money laundering

The SME Finance Taskforce develops an action plan to drive UK economic growth

News | Online & Mobile Banking | 02 Aug 2024

The SME Finance Taskforce has announced the development of an action plan that is focused on accelerating the UK economic growth. 

partnership, Open Banking, Open Finance, banking, online banking, mobile banking, digital banking, financial services, financial institutions, SMEs

The UK's plans for Smart Data

News | Payments General | 24 Apr 2024

The UK government has published its plans which include the actions that are set to take place over the coming period for advancing a Smart Data economy. 

regulation, financial data, data sharing, data, investment

Chinese fraud victims seek to recover USD 4.3 billion worth of Bitcoin

News | Payments General | 15 Apr 2024

Victims of an investment fraud scheme in China have sought to recover USD 4.3 billion in Bitcoin held by the United Kingdom’s Government.

compliance, fraud management, fraud detection, cryptocurrency, crypto, crypto asset, Bitcoin

US, UK probe USD 20 bln crypto flows through Russia exchange

News | Cryptocurrencies | 29 Mar 2024

US and UK authorities have analysed cryptocurrency transactions exceeding USD 20 billion that flowed through a Russia-based virtual exchange.

cryptocurrency, financial sanctions, cryptocurrency exchange, transactions , compliance, regulation

The UK government to publish National Payments Vision

News | Online & Mobile Banking | 12 Mar 2024

The UK government has announced its initiative to publish a National Payments Vision, in order to accelerate the development of the local payments ecosystem. 

product launch, payments , ecommerce, banking, mobile banking, digital banking, online banking, financial services, financial institutions

UK grants law enforcement expanded powers over crypto assets

News | Cryptocurrencies | 04 Mar 2024

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

cryptocurrency, digital assets, financial crime, regulation

Moneyhub to provide Open Banking to the UK government

News | Online & Mobile Banking | 12 Feb 2024

Moneyhub has announced that it has been named as a supplier of CCS’s Open Banking Dynamic Purchasing System framework for the UK government

partnership, Open Banking, Open Finance, banking, online banking, mobile banking, digital banking, financial services, financial institutions

UK and Switzerland form important financial deal post-Brexit

News | Online & Mobile Banking | 21 Dec 2023

The UK has agreed to sign a financial services deal with Switzerland to facilitate business between financial firms and high-net-worth individuals.

partnership, financial institutions, Brexit, financial services

The UK launches a new fintech investment fund

News | Online & Mobile Banking | 18 Aug 2023

The United Kingdom has launched a new fintech investment fund to support companies at the growth stage of their funding cycles.

fintech, funding, investment, startup

UK Government considers offering Open Banking through GOV.UK Pay

News | Online & Mobile Banking | 11 Aug 2023

The UK Government has revealed its intention to implement Open Banking into the GOV.UK Pay system as part of its ongoing development plans.

Open Banking, Open Banking payments, online payments, payment methods

Veriff secures UKDIATF certification

News | Digital Identity, Security & Online Fraud | 12 Jul 2023

Estonia-based identity verification provider Veriff has secured certification against the UK government’s Digital Identity and Attributes Trust Framework.

certification, fraud management, fraud detection, fraud prevention, identity theft, identity verification, digital identity

UK Government considers new regulations for ESG ratings providers

News | Online & Mobile Banking | 31 Mar 2023

The UK Government has released a consultation paper that focuses on the introduction of new regulations for providers of ESG ratings.

regulation, compliance, ESG, sustainability

UK taxpayers to file separate crypto profits from 2025

News | Cryptocurrencies | 17 Mar 2023

The UK Government has announced that taxpayers will need to file their crypto profits separately when filing returns from 2025 onwards.

tax bill, cryptocurrency, digital assets, compliance, regulation

UK government reveals crypto regulation plans

News | Cryptocurrencies | 01 Feb 2023

The UK government has revealed its plans to fully regulate crypto asset activities as part of the UK’s efforts to become a global crypto hub.

regulation, compliance, crypto asset, cryptocurrency, stablecoin