British Prime Minister Boris Johnson has told finance industry representatives, regulators and trade associations that he wants a tough next round of sanctions on Russia, Reuters said. Johnson reportedly met with regulators and heads of top banks and finance sector industry groups, intending to talk...
In today’s top Europe, Middle East, and Africa news, a coalition has asked EU lawmakers for changes in the Digital Markets Act to allow consumers to sue tech giants for law violations, while global payments platform Flywire Corporation has collaborated with Adapt IT Education to digitize cross-border education...
In today’s top Europe, Middle East and Africa news, Meta is facing an order to suspend data transfers to the United States by the European Union, while Russia’s Ministry of Finance has released a cryptocurrency draft law. Plus, B2B commerce startup Marketforce raised $40 million in a...
In today’s FinTech news, SoFi expands its banking services, while U.K. FinTech CEOs ask to overhaul regulations. London embedded finance startup Weavr raised funds, while the London Stock Exchange Group acquired an all-in-one trading management solutions platform. Over in Africa, Osahon Akpata, Ecobank’s head of...
American banks do not expect to see an impact on their business – or wider risk contagion – due to the sanctions the U.S. and other nations are levying against Russia over the crisis in Ukraine, Reuters reported Tuesday (Feb. 22). Sources inside the banking...
In times of war — or of armed conflicts that are wars in all but name — payments can be weaponized (after a fashion). Or, to put it another way, it remains to be seen whether sanctions against Russia, specifically shutting off ties with U.S....
Members of Parliament took aim at the United Kingdom’s financial regulatory bodies Monday (Feb. 21), alleging they have failed to combat fraud and accused them of being too cozy with financial institutions (FIs), Investment Week reported. At a hearing before the Treasury Committee, staff from...
Chinese authorities have said the biggest state-owned firms and banks need to start a fresh round of checks on financial exposure and other links to Ant Group, Bloomberg reported Monday (Feb. 21). This has started up a fresh round of scrutiny into billionaire Jack Ma’s...
Tencent has said it isn’t facing a major regulatory crackdown, refuting online speculation, according to a Monday (Feb. 21) report from Bloomberg. The company issued an “unusually aggressive” response to said speculation, with Zhang Jun, its head of public relations, saying nothing was going on....