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Brexit
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676RegulationSEC Head Begs EU, UK To Stabilize Post-Brexit Plan
Jay Clayton, the chief of the U.S. Securities and Exchange Commission (SEC), urged European Union and U.K. lawmakers to prepare for a...
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999B2B PaymentsKenya Gets Ready To Unveil Sandbox Policy
Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe,...
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1.2KRegulationEBA To Banks: Prepare For Brexit
The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of...
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1.0KEconomyConsumer Spending In UK Falls In November Despite Black Friday
Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. According...
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3.3KBrexitEBA: No-Deal Brexit Would Hurt UK Payment Firms
Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late...
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2.0KToday In DataToday In Data: The ‘Two Steps Forward, One Step Back’ Dance In Payments And Commerce
While progress is always ongoing in payments and commerce, its path isn’t always straightforward or even. In China, mobile payments adoption has...
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2.2KBrexitWhat Delayed Brexit Vote Means For Financial Services
A critical vote on Brexit has been delayed in Britain’s parliament. What happens next is anyone’s guess, and might even include the...
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1.6KB2B PaymentsBrexit To Slash UK FinServ Exports To EU
A new report from think tank Centre for European Reform has warned that the U.K.’s financial services exports to the European Union...
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2.3KB2B PaymentsBrexit’s Looming FX Risk For SMBs
Yea or nay for Theresa May’s Brexit plan comes next week, via Parliament’s Dec. 11 vote. SMBs reliant on cross-border trade are exposed...
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2.5KRetailSizzle Of The Week: New York’s Holiday Pop-Up Explosion
With the holiday season now officially upon us, there things that one can reasonably expect to see a lot of for the...
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1.5KBrexitBrexit Spooks Investors In Mall Landlord Intu
Although a Brexit deal is in the works, three companies have backed out of a potential £2.9 billion buyout of mall landlord Intu...
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1.2KBrexitLondon Could Lose Billions In Banking Assets As A Result Of Brexit
Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as...
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2.5KB2B Payments
Banks Prep For Brexit-Induced Corporate Loan Defaults
U.K. banks are looking to prepare business clients ahead of Brexit in anticipation for tightened access to financing, Reuters reported on Tuesday...
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2.9KB2B PaymentsLate Payments Help Sink UK SME Confidence
In the U.K., the twin barrels of Brexit and late payments have helped erode confidence in growth prospects, according to Dun &...
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2.5KRegulationUS Looks For Int’l Support On Crypto-Linked Crime
The United States, through U.S. Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to...
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1.5KBrexitBrexit Is (Finally) Approved, Awaits Parliamentary Vote
European Union leaders have approved a treaty with Theresa May outlining Brexit terms with the U.K. According to the Wall Street Journal,...
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2.9KBrexitAs March Looms, Brexit Impact On Financial World Still Uncertain
Brexit is still being hammered out. Much remains to be done, and amid political wrangling, the future of what financial services will...
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2.7KBrexit
Brexit Plan Could Alienate UK FIs
The United Kingdom and the European Union have come to an agreement that will give London’s financial center basic access to the...
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2.4KAppleApple NFC Is Center Of Debate For UK Brexit Digital ID Proposal
Smartphones and NFC could help European citizens gain residency in the post-Brexit U.K. But there seems to be a hurdle, and it...
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1.9KEconomyUK, European Union Make Progress On Deal Talks
The U.K. and the European Union are reportedly making progress on a deal that would give London access to the EU markets...
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1.8KB2B PaymentsEuropean CFOs Scramble To Issue Debt Ahead Of Brexit, ECB Changes
European chief financial officers are issuing more debt as they brace for market volatility ahead of Brexit and changes coming from the...
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6.6KBrexitBrexit A Boon For Blockchain?
As U.K. gears up to leave the EU, questions arise over cross-border trade and payments. Might technology be a salve? One study from...
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1.8KBrexitNo-Deal Brexit Could Spark UK Economic Recession
Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P)...
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3.0KNewsFive At Five: Uber Eats Sets A New Target
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest ambition from...
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2.6KB2B PaymentsRBS Allocates $2.6B To Help SMBs Prepare For Brexit
With fears mounting over supply chain and financial disruptions as a result of Brexit, the Royal Bank of Scotland (RBS) has reportedly...
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2.5KB2B PaymentsFleet Drivers Brace For Brexit Complexities
A no-deal Brexit scenario would bury fleet companies in “red tape and paperwork,” according to the Freight Transport Association’s Head of European...
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2.4KNewsMarqeta Expanding Overseas, Sets Up Shop In The UK
Marqeta, a U.S. financial technology startup backed by Goldman Sachs, is expanding overseas. Investing.com, citing a Reuters report, said that the company,...
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5.3KBrexitJaguar CEO: Hard Brexit Could Spark Huge Job Losses
The CEO of Jaguar Land Rover has warned that key industries will be destroyed by a hard Brexit. Last month it was...
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2.1KB2B PaymentsEU Businesses Ready For Major Money Moves Ahead Of Brexit
European Union (EU)-based businesses that have obtained financial instruments from U.K. banks may be forced to move those derivatives in preparation for...
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2.5KBrexitUK IPO Market Could Dry Up For Remainder Of The Year
Aston Martin and Funding Circle, two high-profile companies that went public in London, aren’t fairing well as public companies — which bankers...
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1.9KB2B PaymentsGovernment Procurement Preps For No-Deal Brexit
The U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s proposals...
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2.1KInternationalBank Of England’s Carney Signals He Will Stay On Past His Term
With the U.K. gearing up to leave the European Union, the country got a little bit of stability when Bank of England...
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2.1KBrexitNo Brexit Could Prompt No Payments From UK
Britain could potentially withhold some payments to the European Union if a deal to help the country leave Brexit doesn’t happen before...
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2.7KInternationalSwedish Krona Continues To Fall Amid Other Currency Upheavals
The currency decline continues: The Swedish krona fell Wednesday (Aug. 29) against the euro, the fifth straight day that has happened. The...
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1.6KInternationalUK Bank Acct Services At Risk Post-Brexit
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if...
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2.9KSizzle/FizzleMarketplace Merchants Sing The Blues
There’s a lot of sizzle in marketplaces. In fact, they have made tiny businesses into big ones, as even the tiniest one-man operation...
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2.4KB2B PaymentsHitachi Finds Surge In Entrepreneurs Fearing Collapse
Hitachi Capital Business Finance has found a surge in the portion of small and medium-sized businesses (SMBs) that fear collapse of their...
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1.9KB2B PaymentsSmall Firms Up Global Trade Volume Despite FX Threats
New data from WorldFirst shows small businesses (SMBs) in the U.K. are pressing past threats looming from Brexit and increasing their global...
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2.1KEuropeBrussels Rebuffs UK Post-Brexit FinServ Plan
Brussels has rejected the U.K.’s proposals on how to govern London’s access to the European market after Brexit. According to the Financial Times,...
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3.7KB2B PaymentsA Global View Of Small Business Optimism
What’s it like to be a small business owner? It depends where one is based, according to the latest data. In Europe,...
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3.2KPartnerships / AcquisitionsFinTech And FIs, Paired And Global, Sandbox By Sandbox
A whopping $613 billion in cross-border B2B payments is nothing to sneeze at, and the Banking Circle buyout gives the nod to...
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4.1KBank RegulationBad Loans Slow Banks In FinTech Race
FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority...
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2.6KBrexitUK To Launch Program Aimed At Keeping FinTechs In The Country
Aiming to prevent startups from defecting after London leaves the European Union, the U.K. government is offering startups a bunch of perks...
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3.2KB2B PaymentsCorporate Treasurers On The Lookout For FinTech, PSD2 And Brexit
Corporate treasurers gathered for the Association of Corporate Treasurers (ACT) annual conference last week, and there, treasury professionals made clear where their...
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6.0KRetailBank Won’t Lend To Malls In The U.K.
Amid a difficult year for retail in Britain, a large lender now says it won’t lend to shopping centers in the country. Deutsche...
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2.7KB2B PaymentsAmazon Says UK SMBs Feeling The Benefits Of Tech
Amazon U.K. released its latest survey of small business (SMB) sentiment in the country, finding an increase in confidence the company attributes...
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2.4KRegulationICOs On US Lawmakers’ Radar, As Ban Mulled
Initial coin offerings, or ICOs, have been on the receiving end of much criticism and a growing amount of regulatory scrutiny. Now...
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2.8KB2B PaymentsUK Corporates Brace For Weaker Sterling, Slower Economic Growth
Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K. harder than expected, reports in Reuters...
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2.6KB2B PaymentsFinServ Executives Frustrated With Lack Of Regulatory Harmony
President Donald Trump and Brexit unsurprisingly dominate the conversation among executives surveyed by Duff & Phelps for its 2018 Global Regulatory Outlook...
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3.1KB2B PaymentsSMBs Feel Neglected By Banks — But Lack Unbiased Information To Switch
U.K. small businesses (SMBs) have made it clear they’re willing to switch financial service providers to access the financial services they need...
