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FCA flags poor AI practice and calls for clearer warnings
The FCA has set out what it considers good and poor practice in firms' use of AI, citing untested outputs, excluded vulnerable consumers and governance bolted on after launch. It also wants AI providers to spell out the limits of what their models say about money.
CMA proposes cheaper iPhone contactless access for UK rivals
The CMA wants Apple to open iPhone contactless to rival wallets on fair, cheaper terms, and says no competing iPhone contactless wallet has launched using the existing UK arrangements. It is a proposal: the consultation closes on 17 November 2026.
SAP Pay opens to UK businesses inside SAP Cloud ERP
SAP says SAP Pay is now generally available to UK users of SAP Cloud ERP, moving approved invoices into payment and reconciliation in one workflow. Its payments subsidiary Tereina has yet to be matched to a UK regulatory record.
What is moving money now
Essential reporting and plain-English analysis from across UK finance.
View all- 01 / UK Fintech
FCA talks leave Polymarket and Kalshi short of a UK route
The FCA has reportedly engaged with prediction-market operators as Polymarket and Kalshi consider UK entry, but the UK's retail binary-options ban and separate Gambling Commission licensing rules mean a launch is far from assured.
- 02 / Payments and open banking
ApprovalMax adds AI checks for unusual supplier bills
ApprovalMax has launched AI tools that compare supplier bills against a company's own previous activity with a supplier and flag unusual amounts or patterns, though human approvers still make the final call.
- 03 / Explainers & Guides
What PSD3 means for UK businesses taking payments in Europe
PSD3 and the EU's Payment Services Regulation are still provisional, not UK law. Here's what they would change, and where UK merchants and payment firms serving EU customers could still feel it.
- 04 / Fintech News
Revolut hunts for a signature scent as it builds physical spaces
Revolut is hunting for an agency to design a signature scent as it builds a Barcelona store and a Copenhagen airport lounge, extending its brand beyond the app. No fragrance, agency, UK location or launch date has been confirmed.
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UK open banking tops 1bn payments as Pay by Bank goes recurring
UK open banking has passed 1 billion cumulative payments, but the real test is whether commercial variable recurring payments can turn Pay by Bank into a genuine subscription alternative.
eToro connects eligible UK accounts to ChatGPT, Claude and Grok
eToro has launched connectors letting eligible UK customers link their investment account to ChatGPT, Claude and Grok, with eToro saying proposed trades require the customer's review and approval before they go ahead.
Revolut boss favours New York as primary IPO venue
Revolut's Nik Storonsky says New York is his target for a primary listing, but no final flotation decision has been announced and an IPO is not expected before 2028.