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 region. “We’re excited to continue growing our global presence by establishing roots in London, one of the most important financial centers of the...
Visa Europe is on a mission — and the latest step in that mission hit the ground today. Today (March 21) the company launched its “Cashfree and Proud” campaign, which aims to inspire consumers to switch to contactless payments, if they have not already. Targeting...
London-based bank HSBC announced on Friday (March 18) that it has officially kicked off the search for a new chairman. The bank confirmed the nomination committee of its board is leading the search efforts and plans to have a new a successor for current Chairman...
The Royal Bank of Scotland is cutting costs by scaling back its in-person services and making a move towards using digital “robo-advisors,” resulting in the loss of about 550 jobs. After posting its eighth successive net annual loss, the state-backed bank plans to remove nearly...
Europe’s arguably better-run answer to Square, iZettle, has decided to broaden the purview of its business beyond the mPOS systems that put it on the map. The Sweden-based firm has decided to move into SMB financing and will be offering its small business customers an opportunity...
The European Commission is considering a slew of changes to how it monitors money laundering as part of its fight to cut off easy financing for terrorist organizations. Pushed onto the agenda by the upswing in terrorist violence in the EU over the last several...
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 sees the elderly being preyed upon by their slightly more tech-savvy friends and family is as well. The U.K.’s Action for Elderly Abuse...
Since the words “Turkish prison” are more or less synonymous with “terrifyingly awful conditions,” it is in some sense unsurprising that a Turkish hacker is currently looking at a 334-year sentence for stealing some credit card data. Whatever else can be said about the criminal...
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 and Homebase Owner Home Retail Group. Sainsbury’s reportedly made the move in November 2015, but it was rejected. Sainsbury further noted the deal...
