European banks are imploring the European Commission not to give in to the demands of FinTech firms and cancel the implementation of new rules that would ban screen-scraping. Finextra reports that earlier this month, 60 organizations representing a diverse cross-section of European FinTech businesses protested against...
Donald Trump’s immigration policies may or may not be good for America. But, the world’s biggest travel companies claimed, they are definitely bad for tourism. Dara Khosrowshahi, chief executive of Expedia, noted that the situation is sufficiently dire that firms like his are “preparing for...
Getting the week off with a bit of a bang, it looks like some European payments power players are joining up to take on the market. According to reports, Swedish payment start-up Klarna has confirmed that it has acquired German payments firm BillPay. BillPay was owned...
Big banks, since the halcyon days of the Great Recession, have had a long sit in the naughty chair — widely maligned as the bad guys from Main Street to the annual World Economic forum in Davos. But this year — though much at Davos is...
Though there was some initial hope that London’s status as an international financial service hub would persist unaffected by the Brexit — that possibility is seemingly increasingly less likely. Following U.K. Prime Minister Theresa May’s speech on the Brexit last week, a “flurry of senior...
Britain’s largest software group by sales, Sage, is looking for a buyer for its North American payments business as part of a turnaround strategy. Sage specializes in accounting and payroll software for clients in more than 20 countries. In a brief statement last week, Sage confirmed it...
London’s tech leaders are concerned about what the city’s future as an international finance hub will be in a post-Brexit world — and are officially looking for answers from Prime Minster Theresa May’s government. Nine leading U.K.-based tech investors and business leaders wrote to May looking...
Even while the U.S. is seeing a resurgence of sorts in initial public offerings, Europe may be seeing a bit of a slide. Reuters reported on Tuesday (Oct. 11) that two European companies have scuttled their intentions to come public, citing the oft-repeated refrain (by other...
Just over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co., planned to install a three-meter robotic arm,...