On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of the FinTech industry. In it, they suggest that although open banking is popular with consumers, regulators may need to step...
India’s central bank is setting up a FinTech department to drive innovation, oversee the exchange of cryptocurrencies and develop regulations for the release of its upcoming central bank digital currency (CBDC), according to multiple media reports on Monday (Jan. 10). The Reserve Bank of India...
In today’s top Europe, Middle East and Africa news, Telkom, the South African wireless provider, has launched an app for its mobile money product, and London FinTech Starling Bank said it was boycotting advertising on Facebook and Instagram. Plus, Google and Apple’s search alliance reveals the...
U.K.-based microchip maker Arm has been looking into suspicious payments to senior executives at its Chinese joint venture Arm China, which it owns with a Chinese investment firm, according to a Telegraph report Thursday (Jan. 6). Arm’s technology has to do with smartphones, tablets and...
The United Kingdom’s competition watchdog has launched an investigation into NEC Software Solutions’ acquisition of Capita Secure Solutions and Services. The Competition and Markets Authority (CMA) announced on Wednesday (Jan. 5) that it has filed an initial enforcement order under the Enterprise Act 2002. The...
India’s quick commerce startup Dunzo raised $240 million in a funding round led by Reliance Retail Ventures Limited, with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital, according to multiple media reports. The company also counts Google as an earlier investor. Reliance...
Ghana-based health tech startup mPharma has raised $35 million to build a chain of community pharmacies across Africa as it races to be the primary healthcare service provider for millions, TechCrunch reported Wednesday (Jan. 5). Co-founder and CEO Gregory Rockson told the news organization that...
London-based hospitality management platform theUp.co has raised $9.4 million (€8.3 million) on its mission to lead innovation in the hospitality sector, EU-Startups reported Tuesday (Jan. 5). The investment comes from high profile investors, including German herbal spirits company Jägermeister, former Monzo Bank CEO Thomas Blomfield and...
The European Banking Authority (EBA) says banks in the European Union are blocking asylum seekers and other customers in misguided attempts to adhere to anti-money laundering (AML) regulations. As Reuters reported Wednesday (Jan. 5), banks have grown much more cautious as regulators around the world...
