U.K.

Europe's PSD2 data-sharing standards are meant to foster cooperation in the market, but banks are getting more competitive as they seek to plug a revenue drain the new rules threaten.

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.

Ulster Bank customers in the Republic of Ireland were left fuming as a second problem with the bank’s digital systems emerged only a week after the last mess, slowing down payments.

In one of the biggest fundraising rounds for a European fintech this year, Revolut Ltd., a U.K. startup that provides digital banking, received $250 million.

Contactless payments have become increasingly popular in the U.K. over the past couple of years due to the advantages they offer in terms of speed and ease of payment — but despite this, much of the U.K. public does not trust the format.

Companies that handle sensitive customer data have even more to worry about when making an acquisition. Not only do they have to be sure the acquired company has good security, but they can't let their guard down even after the acquisition closes.

The U.K.’s late payments culture and its resulting impact on suppliers has many worrying about whether their clients are the next Carillion, a U.K. construction giant whose collapse left approximately 30,000 SMEs with millions of pounds in unpaid invoices.

TransferWise is the first nonbank to become a member of the U.K.’s Faster Payments service (FPS), but with Brexit on the horizon, it has to make sure it is similarly invested in other markets.

Despite its popularity — or perhaps because of it — the cryptocurrency exchange Coinbase has been at the front lines of many of the issues plaguing the cryptocurrency market. Its new e-money license in the U.K. could go a long way to easing some of those pains.

Mobile payments provider iZettle is adding an e-commerce platform that will expand merchants' capabilities to accept payments in-store and online.

A fight between U.K. retailers and credit-card companies that has lasted five years and spawned wildly different court rulings reached a London appeals court Monday that could determine the fates of lawsuits potentially worth billions.

Paysafe is buying iPayment Holdings, a processor with a similar focus in the U.S.

A Cambridge professor has found how an 1816 legal ruling can be used to trace stolen bitcoins, thus potentially making it easier for governments to legislate bitcoin exchanges.

U.K.-based companies WorldRemit and Lebara have formed a strategic partnership that will give Lebara’s 3 million mobile telecom customers direct access to WorldRemit’s digital money transfer service.

British banks that deal with the Russian oligarchs and companies on a new American sanctions list will face "consequences," according to a senior U.S. Treasury official.

It's no surprise that London topped the chart of "Cashless Capitals" in a recent study, considering its status as a major fintech hub of the U.K. But this wasn't enough to make it the country's contactless capital.

Checkout.com has used alternative fees and a high-touch approach to build a market for its online payments toolkit in Europe. Now it's come to the U.S., where the likes of Stripe and Braintree already own a sizable chunk of the market.

So far, U.K. fintechs' options range from relocating to other countries to finding ways to offset negative effects by attempting to “Brexit-proof” their businesses. The latter option can still be a substantial undertaking.

The U.K. government has committed to a 5G Urban Connected Communities Project for a city-wide trial of 5G wireless technology as part of the fourth phase of the government’s 5G strategy. This trial should spark substantial investment in new payments technology.

The one thing more valuable to consumers than their bank accounts might be their internet access — and a new version of the ‘Trickbot’ trojan targets both.