EMEA

Wirex Courts Wealthier Customers With Wirex Private
Wirex Courts Wealthier Customers With Wirex Private
April 18, 2023  |  Cryptocurrency

Payments and cryptocurrency ecosystem Wirex has launched a private service aimed at wealthier consumers. Wirex Private, announced Tuesday (April 18), is aimed “at Wirex’s growing segment of affluent customers,”...

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European Commission Proposes Devoting $1.2 Billion to New Cybersecurity Initiatives
European Commission Proposes Devoting $1.2 Billion to New Cybersecurity Initiatives
April 18, 2023  |  Cybersecurity

The European Commission has proposed devoting 1.1 billion euros (about $1.2 billion) to new cybersecurity initiatives. The proposal of the European Union Cyber Solidarity Act...

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Mytheresa Hopes to Carve Space in China’s Luxury Market
Mytheresa Hopes to Carve Space in China’s Luxury Market
April 18, 2023  |  Retail

Germany’s Mytheresa is reportedly hoping to court shoppers in China’s busy luxury space. CEO Michael Kliger said the upscale eCommerce company will begin employing personal...

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UK Could Intro Crypto Laws Within 12 Months
UK Could Intro Crypto Laws Within 12 Months
April 18, 2023  |  Cryptocurrency

England could have laws governing the cryptocurrency sector in place within a year. That’s according to Andrew Griffith, economic secretary to the U.K. Treasury, who...

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Merchants Hold Payments Partners Accountable to Changing ROI Expectations
Merchants Hold Payments Partners Accountable to Changing ROI Expectations
April 18, 2023  |  Partnerships

Entering new markets can be nerve-racking for merchants, especially when the teams in charge of expansions must make a case for return on investment (ROI)...

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Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
April 18, 2023  |  Artificial Intelligence

When it comes to artificial intelligence (AI)-driven credit decision-making, Chirag Shah, founder and CEO at U.K. FinTech lender Nucleus Commercial Finance, is of the view...

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Bank of England Hints at Limits on Stablecoin Payments  
Bank of England Hints at Limits on Stablecoin Payments  
April 17, 2023  |  Cryptocurrency

Rattled by the collapse of Silicon Valley Bank, the crypto winter of 2022, and unnerved at the prospect of crypto assets being widely used as...

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Yonder Raises $77 Million to Expand Credit Offering Beyond London
Yonder Raises $77 Million to Expand Credit Offering Beyond London
April 17, 2023  |  Credit Cards

British credit card startup Yonder has raised £62.5 million (about $77 million) to continue its growth. The firm will invest £12.5 million in growing its...

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Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
April 17, 2023  |  Banking

Turkey’s central bank is reportedly taking measures to protect the value of the country’s currency. The measures include asking banks to limit the amount of...

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