EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

Takeaways From the EU’s Instant Payment Mandate

Takeaways From the EU’s Instant Payment Mandate
Takeaways From the EU’s Instant Payment Mandate
December 18, 2022  |  Real-Time Payments

The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant...

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European Banks Pay for Anti-Money Laundering Failures
European Banks Pay for Anti-Money Laundering Failures
December 15, 2022  |  AML

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...

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Amazon Deal With EU Gives Rivals More Website Real Estate
Amazon Deal With EU Gives Rivals More Website Real Estate
December 15, 2022  |  Retail

A new European Union-Amazon deal will force the retailer to alter its business practices. The company has agreed to a settlement with regulators in Europe...

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Bank of Italy Chooses Algorand for Blockchain Project
Bank of Italy Chooses Algorand for Blockchain Project
December 13, 2022  |  Blockchain

The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be...

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2023 Budget Strengthens France’s Ability to Tax Big Tech
2023 Budget Strengthens France’s Ability to Tax Big Tech
December 12, 2022  |  Taxes

Following slow progress on international agreements, France has doubled down on its digital service tax. First announced in 2019 and implemented in 2020, the digital...

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EU FinTechs Target Industry-Specific B2B Security Concerns
EU FinTechs Target Industry-Specific B2B Security Concerns
December 11, 2022  |  Cybersecurity

Depending on the industry, business-to-business (B2B) payments require different security measures to safeguard their systems. And with fraud remaining a top concern for B2B firms, ...

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EU Says Meta Needs to Change Targeted Ad Practices
EU Says Meta Needs to Change Targeted Ad Practices
December 06, 2022  |  Legal & Regulation

European privacy regulators say Meta shouldn’t require users to accept ads based on online activity. The ruling could limit the data the social media giant can use to...

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Italy’s Central Bank Clashes With Government Over Cash Policy
Italy’s Central Bank Clashes With Government Over Cash Policy
December 05, 2022  |  Cash

Italy’s central bank is warning the new government about the risks of a cash-heavy economy. As new Prime Minister Giorgia Meloni’s government looks to ease...

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