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 a draft law aimed at boosting the FinTech market throughout the region. Get the Full Story Complete the form to unlock this article...
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime Minister Māris Kučinskis confirmed that Rimšēvičs has been detained, but has offered no official details on the case. Get the Full Story Complete...
In an attempt to compete against the U.S. and Asia in the financial technology sector, Brussels will propose pan-EU licenses to help FinTech companies operate across the bloc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Payments Council has announced the launch of its Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables nearly 600 payment service providers from eight European countries to offer instant payment solutions. Get the Full Story Complete the form to unlock...
Revolut — a U.K.-based financial technology firm — said Wednesday that it has applied for a European banking license, making it the latest of several digital-only firms looking to compete more actively with larger, traditional lenders. Get the Full Story Complete the form to unlock...
EU antitrust authorities have launched an investigation into whether Dutch and Polish banking associations and their members are blocking FinTech companies from accessing customer account data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Anyone who has ever been accused of wasting money with the phrase “flushed it down the toilet” will likely be tickled to know that somewhere in Switzerland, two women have taken that old adage quite seriously. Get the Full Story Complete the form to unlock...
Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./Google, based on their local revenue rather than their local profits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The head of Europol is calling for tighter controls after the organization found that money laundering goes mostly uninvestigated, despite the fact that it has reached record numbers across the region. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
