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Brexit
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2.5KBrexitUK Preps For No-Deal Brexit Via Customs, Clearing Houses
The U.K. continues to prepare for the possibility of a no-deal Brexit by making sure its clearing houses and customs procedures can...
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4.6KInternationalProspect Of ‘No Deal’ Brexit Has FinTechs Scrambling
Deal or no deal? No, not the game show, because in the case of “no deal,” it seems like no one wins....
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5.1KB2B PaymentsBarclays Shifts 15 Pct Of Assets To Dublin In Brexit Plan
U.K. financial institution Barclays has moved about 15 percent of its total assets to Dublin in anticipation of Brexit, reports in the...
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4.9KB2B PaymentsTradeshift Eyes Brexit In Plummet Of B2B Payments Volume
Cross-border corporate payments and supply chain management company Tradeshift says Brexit is to blame for a plummeting of business-to-business transactions, reports said...
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5.1KLoansEurozone Banks Expect Credit Standards On Business, Home Loans To Tighten
The European Central Bank warned Tuesday (January 22) that eurozone banks are planning on tightening credit standards when it comes to business...
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4.3KInternationalUK Mortgages, Credit Demand To Decline Pre-Brexit
British lenders say that leading up to Brexit, they expect the largest drop in demand for credit cards and mortgages than they’ve...
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3.8KB2B PaymentsGovernment Suppliers To See A Few Changes Post-Brexit
In a historic defeat, U.K. Prime Minister Theresa May saw a dramatic rejection of her Brexit deal on Tuesday (Jan. 15), adding...
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4.9KInternationalBrexit A Bust – And A Blow To UK’s FinTech Role?
Down for the count, where the tally is 432 to 202. And for Brexit, the question now becomes: What’s next? The news came...
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4.4KBrexitConsumer Lending In UK Declines Amid Brexit Uncertainty
The pre-Brexit decline in the U.K. economy is showing further signs as lending to consumers in the country increased at the slowest...
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3.0KInternationalEuropean Bank Stocks Down A Collective 25 Percent
It’s been a difficult year for European banks, and shares in 2018 were the worst since the eurozone crisis, according to the...
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4.7KB2B PaymentsEleven Banks Cleared For Piece Of $1B RBS Fund
Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business...
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4.5KRetailGlobal Economic Uncertainty May Affect Final Lap Of US Holiday Shopping Season
Even though it’s off to a strong start, troubles in Europe and a global consumer slowdown could adversely affect the final stretch...
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3.6KRegulationSEC 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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4.7KB2B 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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3.7KRegulationEBA 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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2.7KEconomyConsumer 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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28.9KBrexitEBA: 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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3.9KToday 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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3.9KBrexitWhat 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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3.2KB2B 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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4.5KB2B 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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4.2KRetailSizzle 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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2.7KBrexitBrexit 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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2.0KBrexitLondon 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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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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4.4KB2B 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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4.4KRegulationUS 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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2.5KBrexitBrexit 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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4.2KBrexitAs 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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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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4.0KAppleApple 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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2.7KEconomyUK, 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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3.3KB2B 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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9.7KBrexitBrexit 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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2.6KBrexitNo-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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4.9KNewsFive 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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5.2KB2B 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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3.3KB2B 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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4.3KNewsMarqeta 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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8.7KBrexitJaguar 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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3.2KB2B 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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3.9KBrexitUK 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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3.1KB2B 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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2.9KInternationalBank 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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3.5KBrexitNo 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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4.9KInternationalSwedish 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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2.5KInternationalUK 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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4.0KSizzle/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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3.7KB2B 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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2.9KB2B 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...
