EMEA

EU Tech Sector Sees $400B in Market Cap Wiped Out
EU Tech Sector Sees $400B in Market Cap Wiped Out
December 07, 2022  |  Investments

Europe’s tech sector saw $400 billion in value erased this year. That’s according to a new report by the London-based venture capital (VC) firm Atomico,...

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Adidas Puts Best Shoe Forward With Personalized Digital Payments
Adidas Puts Best Shoe Forward With Personalized Digital Payments
December 07, 2022  |  Digital Payments

To flip the Adidas tagline, nothing is impossible when you have great digital payment options. Speaking with PYMNTS as part of the ACI Merchant Series,...

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Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
December 06, 2022  |  CBDC

The Central Bank of Nigeria has redefined ATM withdrawal limits to encourage digital currency usage. In a Tuesday (Dec. 6) press release, the CBN said...

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Wirecard Trial Sets Up FTX Parallels and Enron Echoes 
Wirecard Trial Sets Up FTX Parallels and Enron Echoes 
December 06, 2022  |  Digital Payments

Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might...

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Curve Secures $1Billion Credit Facility to Fund Consumer Loans
Curve Secures $1Billion Credit Facility to Fund Consumer Loans
December 06, 2022  |  Buy Now Pay Later

Curve has secured a $1 billion credit facility from Credit Suisse. The U.K.-based FinTech will use the money to fund its consumer lending product, Curve...

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UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
December 06, 2022  |  Regulation

The FCA has proposed new measures to clamp down on unfair or misleading financial marketing. The proposals, outlined in a consultation paper published on Tuesday...

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Contis Brand Retires Following Embedded Finance Merger With Solaris
Contis Brand Retires Following Embedded Finance Merger With Solaris
December 06, 2022  |  emea

Following last year’s merger with Solaris, the Contis brand is being retired. In a press release on Tuesday (Dec. 6), Solaris wrote that the Banking-as-a-Service...

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FSB to Enhance Monitoring of DeFi-Specific Vulnerability Indicators 
FSB to Enhance Monitoring of DeFi-Specific Vulnerability Indicators 
December 06, 2022  |  Cryptocurrency

The Financial Stability Board (FSB) is stepping up its monitoring of crypto-assets and decentralized finance (DeFi).  During its Monday and Tuesday (Dec. 5 and 6) meeting in...

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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  |  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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