Sections
Europe
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2.3KGerman Gov’t Snaps Up Tech Firms To Prevent Foreign Acquisitions
Germany is planning to temporarily take stakes in high-tech companies in order to stop investors from non-EU countries from acquiring them. The...
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1.7KEU Consumer Confidence Declines To Lowest Point Since December
Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. According...
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2.2KEU Executive Branch Calls For More ‘Technological Sovereignty’
The European Union’s executive branch has called for urgent action to reverse what it believes is the region’s heavy reliance on computer...
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3.3KVestager: EU Should Proceed With No-Deal Digital Tax
In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital...
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1.8KEU Begins Antitrust Probe Into Amazon, Fines Qualcomm
Margrethe Vestager, the EU’s competition commissioner, is preparing to leave office with a bang, launching an investigation into Amazon while also preparing...
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1.9KVolkswagen Rolls Out WeShare In Berlin
With a new carsharing service that is like GM’s Maven or Car2Go but has all-electric vehicles, Volkswagen is rolling out WeShare in...
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2.6KEuropean Commission Investigates Past Money Laundering Cases
A European Union (EU) official has revealed that the European Commission (EC) is taking a close look into past money laundering cases...
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1.9KECB Policymaker Calls Bank Consolidation ‘Desirable’
A European Central Bank (ECB) policymaker has called bank mergers in the EU “desirable,” but admits that it’s ultimately up to individual...
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3.4KFrench Lower Parliament Passes Big Tech Tax Bill
France’s lower parliament has passed a proposed tax that targets the revenue of tech giants like Google, Amazon and Facebook. Last month,...
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3.3KBrexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of...
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4.2KUK Retailers’ Holiday Sales Have Worst Performance In A Decade
Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail...
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3.5KFrance To Move Ahead With Tech Tax In January
France, which had vowed to start taxing Google, Apple, Facebook, and Amazon in December if the European Union failed to agree on...
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9.1KUK Retailers Dealing With Slow Holiday Shopping Season
U.K. retailers are warning of a bad holiday shopping season. Mike Ashley, head of the Sports Direct chain, warned that the situation...
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3.7KMacron, French Banks Agree Not To Raise Bank Fees
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that...
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3.7KSweden’s Central Bank Favors Digital Currency
As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing...
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3.4KEU Cracks Down On Passport Sales Due To Money Laundering
The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to...
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4.6KCitizens Advice Files Complaint With British Regulator
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers...
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3.3KECB President Says No To Digital Euro
With cash use still popular in Europe, and the technology behind digital money remaining fragile, the European Central Bank (ECB) doesn’t intend...
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6.2KECB Wants ‘Single Agency’ For AML Enforcement
Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering...
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3.4KWhy The New eIDAS Regs In The EU Could Be A Game Changer
The EU, in concept, is meant to create a single, free-trade zone where consumers can move goods and services easily and without...
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7.2KHow A Single Digital ID Will Become EU’s Commerce Passport
When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM...
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7.8KEurope Seeks SWIFT Alternative
To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing...
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3.5KUK Debt Advice Providers Lack Funding To Keep Up With Demand
As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers...
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4.3KUK Card Services Get A Closer Look From Regulators
The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on...
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3.1KRevamped UK Payment System Embraces Blockchain
A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). According to...
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3.6KBrussels Rebuffs UK Post-Brexit FinServ Plan
Brussels has rejected the U.K.’s proposals on how to govern London’s access to the European market after Brexit. According to the Financial Times,...
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4.3KWhy An Insurance Startup Is Targeting Foreign Drivers In The UK
A startup in the United Kingdom called Marshmallow has raised $1.2 million in seed funding as it tries to use digital technology...
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4.6KSWIFT Caught Up In The Squeeze Over The Iran Deal
SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over...
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4.4KLendix Notches $37M Amid European Expansion
After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing...
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1.3KEU Proposes Tougher Stance On Foreign Investments
In response to an increase of Chinese acquisitions of European rivals, the European Parliament’s international trade committee has approved a proposal calling...
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4.0KEU Countries Push For Tech Funding To Compete With US And China
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund...
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5.1KFlywire Expands With New London HQ
Flywire, a provider of global payment and receivables solutions, has announced a major expansion of its U.K. and European operations and team....
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7.2KThe European Banking Authority Plans ‘Roadmap’ For FinTech Regulation
While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on...
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5.7KEU Proposed Law Aims To Make Friends With FinTech
As the European Union (EU) prepares for the U.K.’s exit from the bloc next year, the EU’s executive is set to propose...
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3.6KLatvian Member Of ECB Snared In Corruption Probe
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime...
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5.5KBrussels Proposes Licenses To Support Fintech Sector
In an attempt to compete against the U.S. and Asia in the financial technology sector, Brussels will propose pan-EU licenses to help...
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7.4KMore EU Countries Get Instant Credit Transfers Through SEPA
The European Payments Council has announced the launch of its Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables...
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6.9KA New UK FinTech Is Looking For A Banking License
Revolut — a U.K.-based financial technology firm — said Wednesday that it has applied for a European banking license, making it the...
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4.9KEU 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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5.7KWhy 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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EU 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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4.3KMoney 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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4.6KVantiv 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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4.6KEurope, 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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4.5KSamsung 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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2.2KU.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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4.0KEuropean 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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4.4KAs 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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5.4KKlarna 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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4.5KTech 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...
