Tag: John Glen
Klarna valuation falls 85% as investors grow wary of the BNPL...
Klarna’s valuation has suffered a dramatic fall in one year, from $46bn to $6.5bn, an 85% decrease as the BNPL sector begins to warn...
New BNPL regulatory framework vital for protection of consumers
The UK Government’s tightening of restrictions over the BNPL sector has been widely welcomed by the payment industry.
Forming the new regulatory framework for BNPL...
Affordability checks at the heart of UK’s new BNPL regulations
The UK government has tightened the regulations around the BNPL sector, increasing the level of affordability checks that are required from merchants.
The sector has...
The FCA gains new powers to ensure availability of cash
As the role of cash continues to evolve within the UK payment ecosystem, the FCA has been strengthened with new powers to bolster the...
Link rolls out Cashback Without Purchase scheme across UK
UK cash machine operator Link has announced the rollout of its Cashback Without Purchase programme across the UK after an initial 12-month pilot period.
The...
UK Government continues commitment to fintech with strategic review
Further affirming its focus on the sustainability and growth of the fintech sector, the UK government has announced The independent Fintech Strategic Review, which...
Northern Ireland recruits new Fintech Envoy
Andrew Jenkins, director of mobility data and analytics company Arity, has been announced as the Northern Ireland governments’ new fintech envoy.
Northern Ireland currently boasts...
HM Treasury praises UKGC’s ‘supervisory insights’ on tackling AML
HM Treasury has praised the UK Gambling Commission (UKGC) for its contribution of research and insights, submitted on its UK ‘supervision report’ related to...
US and UK strengthens fintech relationship
Fintech relationships between companies in the US and UK has been given a boost due to the establishment of a Financial Innovation Partnership (FIP).
The...
