EMEA

Machine Learning Helps Expand Credit Access In Emerging Markets
Machine Learning Helps Expand Credit Access In Emerging Markets
January 29, 2023  |  Digital-First Banking

Artificial intelligence (AI) is helping increase access to financial services in Africa. In recent years, advances in machine learning, a type of AI, have had...

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FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
January 29, 2023  |  Consumer Finance

Klarna’s new “Money Story” highlights the importance of reviewing spending patterns. The new feature works like a Spotify-style year in review, but instead of showing...

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Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
January 29, 2023  |  Regulation

The U.S. Justice Department is continuing its investigation into Visa’s debit card practices. The payments giant is cooperating with the probe, which is “seeking additional documents...

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Bestway Acquires Stake in Sainsbury’s
Bestway Acquires Stake in Sainsbury’s
January 27, 2023  |  Acquisitions

In a major U.K. retail deal, Bestway has taken a 3.45% stake in Sainsbury’s. The deal, the details of which were reported in a filing...

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Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
January 27, 2023  |  Economy

Jeremy Hunt has outlined his vision to make the U.K. “the world’s next Silicon Valley.” In a speech on Friday (Jan. 27), the chancellor of...

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Barcelona Bans Dark Stores in Blow to Q-Commerce 
Barcelona Bans Dark Stores in Blow to Q-Commerce 
January 27, 2023  |  Delivery

Barcelona is banning dark stores in a blow to the city’s quick commerce sector. As reported by Reuters on Friday (Jan. 27), city hall approved...

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Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
January 27, 2023  |  Acquisitions

Trustly has closed its acquisition of Ecospend to grow its offerings in the United Kingdom. The acquisition brings together Trustly’s global payments platform for digital...

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Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
January 27, 2023  |  Personnel

Global Processing Services (GPS) has added two members to its leadership team. The global payments technology platform has appointed former Visa executive Jim McCarthy to...

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H&M Earnings Slump as Fast-Fashion’s Four-Way Fight Takes a Toll
H&M Earnings Slump as Fast-Fashion’s Four-Way Fight Takes a Toll
January 27, 2023  |  Retail

The fast-fashion wars got intense in 2022 as relative newcomer Shein outpaced a competitive set, including H&M, Uniqlo and Zara, setting up a battle for...

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