Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that the probe is specifically focused on the bank’s adherence to know-your-customer (KYC) rules, which are...
B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe, the companies said in a Thursday (July 20) press release. This strategic collaboration will bring...
The SEPA Instant Credit Transfer (SCT Inst) continues to gain traction in Europe amid uneven growth across the region. Introduced in November 2017, the intra-European payments scheme, also known as SEPA Instant, was built on the existing SEPA architecture with the promise of ultra-fast euro...
British auto marketplace Cazoo is selling its German subscription business two years after buying it. The decision, announced in a Friday (Feb. 17) statement, comes after the online used car dealer informed investors earlier this year of belt-tightening plans that will involve layoffs and the closure of some of its...
January 04, 2023
Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was a deciding factor for businesses when looking for banking partners, for example, and four-fifths of companies say that real-time payments have the power to fundamentally reshape how they conduct business. […]
April 29, 2024
Austria says the time has come to regulate artificial intelligence (AI) use in weapons systems. Left unchecked, such technology could create “killer robots,” officials in the Alpine country said as they hosted a conference on the issue, per a Monday (April 29) Reuters report. “We cannot let this moment pass without taking action. Now is the time […]
February 22, 2024
Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that...
July 21, 2023
B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe,...
July 27, 2022
Helu.io, a budgeting and financial reporting platform for small- to medium-sized businesses (SMBs), announced the close of its Series A funding round, which raised over 9.8 million euros ($10 million)....
