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Europe
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2.0KEU Banks Investigated For Blocking FinTech Access To Customer Data
EU antitrust authorities have launched an investigation into whether Dutch and Polish banking associations and their members are blocking FinTech companies from...
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2.3KWhy Would Someone (Literally) Flush ~$100K Down The Toilet?
Anyone who has ever been accused of wasting money with the phrase “flushed it down the toilet” will likely be tickled to...
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4.3KEU Wants US Tech Giants To Pay Revenue Tax
Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./Google, based on...
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2.1KMoney Laundering Reaches Record Numbers In Europe
The head of Europol is calling for tighter controls after the organization found that money laundering goes mostly uninvestigated, despite the fact...
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2.3KVantiv Gets An Extension On Worldpay Bid
Worldpay has granted its U.S. buyer Vantiv a week-long extension to get its takeover bid in order. Vantiv has already agreed to...
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2.5KEurope, CNP Fraud Trendsetter?
Europe sets the pace for fashion, finance … and fraud? As EMV gains traction in the States, the chip card revolution on the...
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2.5KSamsung Announces $150M Investment Fund For European Startups
Samsung’s venture capital arm has announced it will use a $150 million global funding round to invest in Europe’s startup scene. CNBC...
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1.5KU.K. Election Surprise Throws Brexit Fate Into Doubt
It seems things have not turned out quite as expected for Theresa May and her Conservative government in the U.K. The plan...
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2.6KEuropean Banks Warn Against Reversing Screen-Scraping Ban
European banks are imploring the European Commission not to give in to the demands of FinTech firms and cancel the implementation of...
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2.6KAs Trump Policies Depress Tourism, Hotels And Airlines Turn To Discounting
Donald Trump’s immigration policies may or may not be good for America. But, the world’s biggest travel companies claimed, they are definitely...
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4.0KKlarna Snaps Up BillPay
Getting the week off with a bit of a bang, it looks like some European payments power players are joining up to...
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3.2KTech Takes A Talking To At Davos For Its Effect On Jobs
Big banks, since the halcyon days of the Great Recession, have had a long sit in the naughty chair — widely maligned as...
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Bankers Talk Brexit And Jobs Exodus At Davos
Though there was some initial hope that London’s status as an international financial service hub would persist unaffected by the Brexit —...
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3.7KSage Considering Sale Of North American Business Unit
Britain’s largest software group by sales, Sage, is looking for a buyer for its North American payments business as part of a...
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2.9KLondon’s Tech Leaders Press For Answers About Post-Brexit Plans
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...
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3.0KEU Market Volatility Sidelines IPOs
Even while the U.S. is seeing a resurgence of sorts in initial public offerings, Europe may be seeing a bit of a...
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Post-Brexit Pains Hitting Many Industries
Just over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples...
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2.7KLydia Bags $7.8 Million For P2P Payments
Lydia — a French P2P payments start-up — has grabbed $7.8 million for expansion in other European countries. The service is designed to allow...
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British CEOs Considering Exits, Post-Brexit
Seventy-five percent of British bosses are debating whether to shuffle their companies out of the country. That’s according to a survey of...
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5.4KUK Importers Being Hit By Brexit
The impact of the U.K.’s historic vote to leave the European Union on the U.K. economy is still anyone’s guess, but U.K....
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2.4K5,500 UK Groups Using EU ‘Passporting’ Are Facing Serious Difficulties
London has long been one of the world’s biggest financial services cities, and in the post-EU era, that status has only become...
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4.6KThe UK Welcomes The ‘Plastic Fiver’ Into Circulation
After five years of development, the Bank of England will be crossing a major milestone today (Sept. 13) when it comes to...
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3.7KPayday Loan Complaints Spike In The UK
The first six months of 2016 have not been good for U.K. payday lenders’ relationships with their client base — complaints have gone...
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2.1KPaysafe Eyes Expansion Following Big Beat On Earnings
After a revenue-doubling first half of 2016, Paysafe is launching a new digital wallet product that will help firms sell items like...
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8.6KU.K. Bank Account Switching Down 5%
Despite their very best efforts with ever more enticing inducements – banks in the United Kingdom just don’t quite seem to be...
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4.4KSquare Gearing Up To Expand Into Europe
Square, the payments company run by Jack Dorsey, Twitter’s CEO, could be gearing up to expand into Europe. Earlier on Monday (July...
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2.9KLondon Fund Manager Singing The Brexit Blues, Loudly
Richard Buxton, a top money manager in London, is predicting the Brexit fallout to be nothing short of “horrible” in ways that...
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4.7KTerrorism’s Economic Impact on French Tourism
When terrorism on the scale of the Nice attack happens, it is not possible to calculate some of the harms. The loss...
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2.5KBrexit Spurs Data Privacy Problems
The EU has notoriously strict data privacy rules – email, pictures, health records – under the law all must be transferred within...
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3.3KEU, US Find Common Ground On Data Transfer Pact
Changes to strengthen the data transfer pact between the European Union and the U.S. were agreed upon late last week. Not only...
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2.3KPYMNTS Daily Data Dive: Brexit Edition
Today is the day when Britain will decide if they should remain a part of the EU or strike out again on their own....
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2.5KEurope A New Stomping Ground For Unicorns?
For the magical land of (sustainable) unicorns look to … the continent? The storied $1 billion valuation club, home to tech startups...
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3.5KHungary May Go Hungry For Uber Soon
After months of protests, Hungary has finally passed legislation that could block Uber‘s service in the nation of 10 million. The new...
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2.3KEuropean Commission Approves Visa-Visa Europe Takeover
It looks like Visa and Visa Europe will be a single entity by the end of the month. The proposed takeover deal...
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2.0KAustin Reed Can’t Find A Buyer, Will Close All 120 Stores
That another apparel retailer has bit the dust isn’t news in and of itself. A few times every week, the retail headlines...
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2.1KU.K. Retail Enthusiasm Bottoms Out
Facing what local reports are calling a “triple threat” retailers across the pond are reporting a distinct lack of enthusiasm for what...
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5.8KFormer EU Regulator Joins Uber’s Public Policy Board
Uber is preparing to fight bigger battles in Europe and elsewhere as an end to its regulatory battles appears to be a...
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6.8KKlarna Is Making The Jump To Real-World Commerce
Klarna — a Swedish payments provider for eCommerce businesses — is making the jump from the digital to the physical world. Later...
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4.9KEU Charges Google With Abusing Its Android Dominance
The European Commission has informed Google of its preliminary view that the company has, in breach of EU antitrust rules, abused its dominant position...
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4.4KPayPal Credit Goes Interest-Free In The UK
PayPal is launching PayPal Credit today in the U.K., which means, going forward, British consumers will have the option of leveraging a...
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4.0KRipple Expands Into Europe’s Financial Epicenter
FinTech startup Ripple announced its debut in Europe with the opening of a new office in London, which will serve the growing banking demands in the...
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7.4KVisa Europe Pushes Contactless Payments
Visa Europe is on a mission — and the latest step in that mission hit the ground today. Today (March 21) the...
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6.4KHSBC On Hunt For New Chairman
London-based bank HSBC announced on Friday (March 18) that it has officially kicked off the search for a new chairman. The bank...
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2.2KRBS Slashes Jobs In Digital Push
The Royal Bank of Scotland is cutting costs by scaling back its in-person services and making a move towards using digital “robo-advisors,”...
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3.6KiZettle Moves On SMB Financing
Europe’s arguably better-run answer to Square, iZettle, has decided to broaden the purview of its business beyond the mPOS systems that put...
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4.2KEuropean Commission Considering Tougher Money Laundering Rules
The European Commission is considering a slew of changes to how it monitors money laundering as part of its fight to cut...
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Tap-And-Go Cards Set Off ‘Family Fraud’ Boom In UK
As the use of tap-and-go cards is steadily on the rise in the U.K., it seems a particular species of fraud that...
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3.1KWhy One Hacker Is Facing 334 Years For 54 Credit Cards
Since the words “Turkish prison” are more or less synonymous with “terrifyingly awful conditions,” it is in some sense unsurprising that a...
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1.9KUK’s Second Biggest Grocery Chain Rebuffed In Acquisition Attempt
In U.K. retail intrigue news, the U.K.’s second largest supermarket group, Sainsbury’s, has been shot down in its takeover attempt for Argos...
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Uber’s European Challenges Continue
While Uber continues to expand throughout most of the world, cultural impasses are proving to be an obstacle for the ridesharing powerhouse...
