April 12, 2024
Bunq Raises $31 Million After Quadrupling User Deposits in 2023
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority...
April 12, 2024
UK Judge Rules App Developers’ Suit Against Apple Can Proceed
Apple lost its bid to have part of a lawsuit in the United Kingdom dismissed. The lawsuit was filed on behalf of 1,500 U.K.-based app developers and alleged that Apple charged them unfair...
April 11, 2024
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. The Securities and Exchange Commission (SEC), the Office of the...
April 11, 2024
Mimo Launches Financial Management Platform for Small Businesses, Accountants
Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. The platform helps these businesses simplify global payments, cash...
April 11, 2024
AI Big Tech Investments Spark UK Antitrust Concerns
The United Kingdom’s Competition and Markets Authority (CMA) has raised concerns over the investments in artificial intelligence (AI) by leading technology firms, including Alphabet’s Google, Apple, and Microsoft. According to a...
April 10, 2024
European Retailers Awake to the Click-and-Mortar™ Shoppers
Last week, Intersport Deutschland, Germany’s largest sports retailer, announced plans to open 100 new retail storefronts across the country over the next six years, bringing the total number of shops...
April 09, 2024
EBay Uses AI to Deliver Personalized Recommendations to Fashion Shoppers
EBay has launched an artificial intelligence (AI) enhancement that helps fashion consumers “shop the look.” This feature uses consumers’ shopping history to present them with items and outfits that match...
April 09, 2024
Blockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments. The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the companies said in a Tuesday...
April 09, 2024
Microsoft to Invest $2.9 Billion for AI Projects in Japan
Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
The Global Digital Shopping Index: United Kingdom Edition examines how consumers’ shopping habits and preferences in the country are shifting amid historic social and economic change. It reveals how merchants can develop digital strategies to navigate the shifting retail landscape in the U.K. The report, a PYMNTS and Cybersource collaboration, is based on a survey of 2,044 consumers and 561 merchants in the U.K. and is part of a larger series examining four key markets around the world.