Tag: UK
UK’s PRA fines HSBC £57m for “historic depositor protection failings”
HSBC was fined £57.4 million by the UK’s Prudential Regulation Authority (PRA).
Fine issued to HSBC's European holding company (HBEU) and UK subsidiary...
Dutch challenger Bunq prepares for UK relaunch as it reports first full year of profitability
Business Move: Bunq, the Dutch digital challenger, applies for an Electronic Money Institution (EMI) license in the UK.
Financial Success: Reported a net...
GFT cultivates core banking capabilities with acquisition of Colombia’s Sophos Solutions
GFT Technologies Acquisition:GFT Technologies is set to acquire Sophos Solutions, a Colombian core banking vendor, from Advent International.
The deal is expected...
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
Cost Reduction Target: The program aims...
UK fintech ieDigital snaps up AI tech provider Abaka
ieDigital to acquire Abaka for an undisclosed sum
Abaka offers an AI-powered recommendation engine for personalized financial services
Utilizes machine learning and behavioral...
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
Safty Raises €11.3 MillionDanish fintech Safty secures €11.3 million in an investment round led by Upfin.
The investment includes participation from experienced...