Revolut — a U.K.-based financial technology firm — said Wednesday that it has applied for a European banking license, making it the latest of several digital-only firms looking to compete more actively with larger, traditional lenders. Revolut has been making its prepaid card offering for...
EU antitrust authorities have launched an investigation into whether Dutch and Polish banking associations and their members are blocking FinTech companies from accessing customer account data. According to a Reuters news report, spokesmen from both associations confirmed that the two bodies were the targets of...
Anyone who has ever been accused of wasting money with the phrase “flushed it down the toilet” will likely be tickled to know that somewhere in Switzerland, two women have taken that old adage quite seriously. Following a report from UBS that concluded that rich...
Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./Google, based on their local revenue rather than their local profits. According to The Street, although there was no specific tax rate given, the funds raised...
The head of Europol is calling for tighter controls after the organization found that money laundering goes mostly uninvestigated, despite the fact that it has reached record numbers across the region. Reuters reported news that while European banks flagged almost one million transactions suspected of laundering...
Worldpay has granted its U.S. buyer Vantiv a week-long extension to get its takeover bid in order. Vantiv has already agreed to buy the former RBS unit for 7.7 billion pounds ($10.17 billion) on July 5th with an agreement to have a formal bid completed...
Europe sets the pace for fashion, finance … and fraud? As EMV gains traction in the States, the chip card revolution on the Continent has already largely been completed. And the bad guys are increasingly plying the fraudulent transaction game online. TSYS offers up a few data...
Samsung’s venture capital arm has announced it will use a $150 million global funding round to invest in Europe’s startup scene. CNBC reported news that Samsung NEXT, with the fund raised in January, will target early stage startups in Europe for investment or acquisition, focusing...
It seems things have not turned out quite as expected for Theresa May and her Conservative government in the U.K. The plan was to call early elections, pick up more Conservative seats in Parliament and enter into Brexit negotiations with a more powerful mandate to...