In today’s top stories from Europe, the Middle East and Africa, the U.K. looks at overhauling its decades-old Consumer Credit Act to reduce costs for businesses. Also, TikTok’s live-shopping service loses a number of influencers in Britain, while rewards company Ascenda forms a partnership with...
The European Central Bank (ECB) will be eyeing the effects of digitization, including ways to “stay at the technological frontier and satisfy consumers’ demand for immediacy while preserving our sovereignty,” ECB Board Member Fabio Panetta said in a keynote speech during the European Payments Council’s...
In today’s top stories from Europe, the Middle East, and North Africa, the U.K. restates its wish to become a global crypto hub, while an EU official calls on Europe’s parliament to adopt new crypto trading regulations. Also, pan-African VC fund Launch Africa raises $36.3...
In today’s top stories from Europe, the Middle East and Africa, trade finance bank Neotrade is expanding its trade finance services for SMBs in the U.K. Also, Google is starting to allow its direct competitors to run ads on YouTube to comply with new EU...
In the world of Islamic banking, the intrinsic difficulty of interpreting texts written over a thousand years ago in light of modern innovations means it isn’t always easy to find consensus over whether financial tools and practices comply with Sharia. Disagreements over which financial instruments...
In today’s top stories from Europe, the Middle East and Africa, the European Union prepares new rules for buy now, pay later (BNPL) companies that would reduce their transparency requirements. Also, the Bank of England gives out a report card to lenders on their plans...
Three of the U.K.’s biggest lenders need to do more to show they could fail without harming customers and taxpayers, the Bank of England (BOE) said Friday (June 10). According to the Financial Times, the BOE conducted its first assessment of whether HSBC, Lloyds Banking...
In today’s top stories from Europe, the Middle East and Africa, Western Union teams up with cloud banking platform Mambu to provide digital banking products in Europe. Also, ADQ launches a $100 million fund to promote tech innovation in Jordan, and Swedish eCommerce platform Juni...
Hello Pay has created a new turnkey suite of business solutions for small- to medium-sized businesses (SMBs) and entrepreneurs that will enable growth, cut costs and increase their financial access, according to a Financial IT report Wednesday (June 8). Hello Pay’s SoftPOS offering allows users...