EMEA

FCA Exploring Implications of Big Tech Entry Into Financial Services

FCA Exploring Implications of Big Tech Entry Into Financial Services
FCA Exploring Implications of Big Tech Entry Into Financial Services
October 25, 2022  |  Big Tech

As the likes of Google and Apple have diversified their offering to include payments and other financial services, the U.K.’s Financial Conduct Authority (FCA) is...

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Report: Stablecoin Caps are Being Reconsidered as MiCA Vote Nears
Report: Stablecoin Caps are Being Reconsidered as MiCA Vote Nears
October 25, 2022  |  Regulation

The caps placed on stablecoins in the Markets in Crypto Assets Regulation (MiCA) legislation that is now being considered by the European Parliament are reportedly...

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Biometrics Offers MENA Customers Frictionless, Secure Online Authentication
Biometrics Offers MENA Customers Frictionless, Secure Online Authentication
October 25, 2022  |  Biometrics

Along with the pressure to speed up digital transformation at the onset of the pandemic, businesses around the world soon realized that the acceleration would...

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Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
October 24, 2022  |  Buy Now Pay Later

The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers...

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Dutch B2B Lending Platform Floryn Secures $64M From NatWest
Dutch B2B Lending Platform Floryn Secures $64M From NatWest
October 24, 2022  |  Investments

Floryn, a Netherlands-based online lending firm for small- to medium-sized businesses (SMBs), announced on Friday (Oct. 21) that it has raised 65 million euros ($64...

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Mobile Money-Telecom Decoupling to Bolster Interoperability, Benefit Africa’s PSPs
Mobile Money-Telecom Decoupling to Bolster Interoperability, Benefit Africa’s PSPs
October 24, 2022  |  Mobile Wallets

As part of the ongoing separation of Airtel Africa’s mobile money business from the parent telecommunications company, Airtel Kenya’s division has become the latest to...

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Credit Suisse Settles French Tax Case for $235M
Credit Suisse Settles French Tax Case for $235M
October 24, 2022  |  AML

Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. Get the Full Story Complete...

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EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
October 24, 2022  |  Retail

Dek: The decision to scrap a VAT exemption for travelers to the U.K. will be felt most by the country’s luxury retailers, which are largely...

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Moneyhub Raises $39M, Plans International Expansion
Moneyhub Raises $39M, Plans International Expansion
October 24, 2022  |  Investments

U.K.-based payments platform Moneyhub has raised $39.5 million as it looks to expand its offerings amid the region’s continued embrace of open finance. Get the...

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