News

Banking
FinTechs Throw API Lifelines to Banks to Meet Commercial Client Needs
February 14, 2022

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Investments
B2B eCommerce Site-Building Firm Hullabalook Nets $8M
February 13, 2022

London-based B2B software company Hullabalook, which works on retailers’ eCommerce site building, has raised £6 million ($8.2 million) in a Series A funding round, the company announced Feb. 8. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
UK Regulators Warn Banks to Safeguard Again Lending Discrimination if Using AI, ML
February 13, 2022

Banks using artificial intelligence (AI) to approve loan applications have been warned by U.K. financial regulators that they can only deploy that technology if they can show it won’t be discriminatory towards minorities, the Financial Times reported Sunday (Feb. 13). Get the Full Story Complete...

Banking
TD Bank Freezes 2 Bank Accounts Supporting Canadian Protests
February 13, 2022

Toronto-Dominion Bank (TD) has frozen two personal bank accounts that had C$1.4 million deposited to support protesters of the Canadian government’s pandemic measures, a report from Reuters said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Delivery
Takeaway.com Chief Denies Plan to Sell Grubhub
February 13, 2022

Jitse Groen, CEO of Just Eat Takeaway, has said the company’s plan to delist its shares from the Nasdaq doesn’t mean it’s planning to sell Grubhub, Reuters reported Sunday (Feb. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Spanish Banking Group Sabadell Considers Selling Payments Business
February 13, 2022

Banco de Sabadell will be looking into selling its payments business, Bloomberg reported Friday (Feb. 11), citing anonymous sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

International
Italy’s UniCredit Weighs Strategy Amid Bid Rumors for BPM
February 13, 2022

Italy’s second-largest bank, UniCredit, is weighing its options following reports it was making moves to snag rival Banco BPM. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

B2B Payments
Today in B2B: BNPL Takes Over for Corporate Cards; Global Payments Puts Netspend up for...
February 11, 2022

Today in B2B payments, buy now, pay later (BNPL) becomes an alternative to corporate credit cards, and Global Payments tries to sell Netspend again after failing to get the $2 million it sought in 2020. Plus, MetaCX brings business value to the metaverse, and U.S....

International
EMEA Daily: UAE Approves New Digital Bank Wio; EU Media Regulators Seek Rules to End...
February 11, 2022

In today’s top Europe, Middle East and Africa news, the Central Bank of the United Arab Emirates has approved a new digital banking platform supported by state holding company ADQ; Media regulators in the European Union are considering new rules to end misinformation on Spotify. Get...