In today’s top Europe, Middle East, and Africa news, Switzerland put neutrality on hold and froze all of Russia’s assets due to the invasion of Ukraine; Apple is facing its sixth weekly fine of $5.7 million for what a Dutch regulator called the tech giant’s...
Online tax and FinTech software provider Clear has been getting into lending and has rolled out its new invoice discounting product for small- to medium-sized businesses (SMBs), Economic Times reported Monday (Feb. 28). Per the report, Clear’s new product for invoice discounting will be available...
Switzerland is breaking with neutrality and freezing all of Russia’s assets in the country in a move to adopt the West’s sanctions against Russia due to the invasion of Ukraine, according to a press release from The Federal Council of Switzerland on Monday (Feb. 28)....
Barclays Bank Plc has been fined 783,800 pounds ($1 million) by the United Kingdom’s financial regulatory body for its failure to oversee Premier FX, the collapsed payments firm. The penalty stems from the London-based multinational bank’s agreement to cover the losses of Premier FX, the...
Citigroup reported Monday (Feb. 28) that its total exposure to Russian assets was at $5.4 billion at the end of December 2021, down from $5.5 billion three months earlier. As Reuters reported, that exposure accounted for 0.3% of the banking giant’s assets last year. Citigroup...
War is waged with tanks, bullets and air attacks — and also with banks as battlefields, interest rates as weapons of economic mass destruction. A fusillade of sanctions by the west against Russia, and its aggression against Ukraine, is having its desired impact. The United...
Crafts-focused marketplace Etsy on Monday (Feb. 28) canceled all balances owed by sellers in Ukraine on its platform, totaling almost $4 million in listing fees, transaction fees and more, as the country is in under attack by Russia. It’s the latest step by big business...
Consumers in Latin America are trading cable TV for streaming subscriptions, pushing platforms to offer innovative payment experiences to remain competitive. In the Digitizing Payments In Latin America Playbook, Paul Del Pin of streaming and entertainment provider Paramount explains why offering a diverse mix of...
The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s assault of Ukraine. Lithuania has become a success story: a country that created an ecosystem to really attract FinTechs. With...
