EMEA

FCA Cautions Holiday Shoppers Against Rise in Loan Fee Scams
FCA Cautions Holiday Shoppers Against Rise in Loan Fee Scams
December 22, 2022  |  Fraud Prevention

The U.K.’s financial regulator has warned consumers to be wary of Christmas scams. With inflation in the double figures, many in the country are turning...

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Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
December 22, 2022  |  Acquisitions

Fintech Galaxy has acquired the Egyptian open banking platform Underlie for an undisclosed sum. The Dubai-based financial technology firm announced the acquisition in a press...

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BoE Says Blockchain Not Yet Critical to Financial System
BoE Says Blockchain Not Yet Critical to Financial System
December 22, 2022  |  Blockchain

The BoE has said blockchain technology isn’t yet a critical infrastructure in the financial system. But it holds open the possibility that some blockchains may...

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Amazon Cautioned by European Court of Justice in Louboutin Case
Amazon Cautioned by European Court of Justice in Louboutin Case
December 22, 2022  |  Retail

The European Court of Justice has sided with luxury brand Louboutin in a lawsuit against Amazon. Reached for comment Thursday morning (Dec. 22), an Amazon...

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Biometrics and Passkey Adoption Seen Strengthening Payment Authentication Defenses
Biometrics and Passkey Adoption Seen Strengthening Payment Authentication Defenses
December 22, 2022  |  Authentication

Despite being the weakest link in cybersecurity, passwords remain the most common digital authentication method. It’s a challenge that Fast Identity Online (FIDO), a global...

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Will Buy Now, Pay Later for Business Find Its New Year Niche?
Will Buy Now, Pay Later for Business Find Its New Year Niche?
December 21, 2022  |  Buy Now Pay Later

Businesses looking for cash flow flexibility are increasingly leveraging buy now, pay later (BNPL) tools. “Businesses need to create runways for themselves … and if...

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German eCommerce Sales Buck Christmas Trend, Shrink 16.8%
German eCommerce Sales Buck Christmas Trend, Shrink 16.8%
December 21, 2022  |  Retail

German eCommerce sales have seen a double-digit decline in the lead-up to Christmas. The numbers, reported by the German Federal Association for eCommerce (bevh), reveal...

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EU Cracks Down on Phone Number Masking to Protect Consumers
EU Cracks Down on Phone Number Masking to Protect Consumers
December 21, 2022  |  Fraud Prevention

Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment...

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$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
December 21, 2022  |  B2B Payments

Nigerian online furniture store Taeillo now has $2.5 million in funding raised to ramp up production. The Lagos-based investment company Aruwa Capital Management, a female-founded...

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