Today in Europe, the Middle East and Africa, the U.K’s Competition and Markets authority announced that Meta is set to sell Giphy following the authority’s antitrust ruling. Meanwhile, Wise upgraded its outlook for 2022 against a backdrop of increased transaction fees for customers. Wise Hike...
Last month, when then-Chancellor of the Exchequer Kwasi Kwarteng announced sweeping tax cuts in the U.K., the currency markets reacted with swift retribution for what was perceived as a reckless decision that prioritized free market zeal over fiscal responsibility. In the weeks since, the government...
Today in Europe, the Middle East and Africa (EMEA), Coinbase has hired a new managing director for EMEA, and Samsung is launching its digital wallet in 11 new markets. Coinbase Picks up Solarisbank Exec to Drive Growth in Europe Coinbase hired the former chief operating...
Today in Europe, the Middle East and Africa, Italian banking group, Mediobanca announced it has made two acquisitions in the BNPL space., and the emirate of Ajman launched a new government payment portal in the metaverse. Mediobanca Doubles Down on BNPL With 2 New Investments...
Today in Europe, the Middle East and Africa, Mastercard announced an investment in Egypt’s FinTech-focused venture capital platform nClude and HSBC launched a new digital receivables finance solution. HSBC, Trade Ledger Launch Digital Receivables Finance Tool London-based Lending-as-a-Service FinTech Trade Ledger on Tuesday (Oct. 11)...
In today’s Europe, the Middle East and Africa (EMEA) news, Bank of America extended its “Pay by Bank” offering in Europe and Majid Al Futtaim launched a new rewards solution with help from i2c. BofA Extends ‘Pay by Bank’ to Euro Payments Bank of America...
Today in Europe, the Middle East and Africa, President Biden’s latest executive order offers a ray of hope for American tech businesses that rely on transatlantic flows and HSBC launched a new digital platform for trade finance. Biden Executive Order Aims to Protect US-EU Data...
Today in Europe, the Middle East and Africa, Adyen has tapped Tink to enable open banking payments, and Google announced its intention to launch a new cloud region in South Africa. Expanded Tink Partnership Brings Open Banking Payments to Adyen The open banking platform, Tink,...
Europe plans to use every means it can to keep its financial system stable amid threats to its energy supplies with Russia’s war in Ukraine still ongoing, Bloomberg wrote. The report cited EU financial services commissioner Mairead McGuinness saying that while the financial system has...