EMEA

Apple/Epic Spat Gets EU Attention as DMA Takes Effect
Apple/Epic Spat Gets EU Attention as DMA Takes Effect
March 07, 2024  |  Apple

The European Commission wants answers about Apple’s ejection of Epic Games from its App Store. The commission (EC) has “requested further explanations” from the iPhone maker about the move, the Financial Times reported...

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Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
March 06, 2024  |  Regulation

Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  The firm told...

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Spain to Sam Altman’s Worldcoin: Stop Collecting User Data
Spain to Sam Altman’s Worldcoin: Stop Collecting User Data
March 06, 2024  |  Cryptocurrency

Spain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March 6) from the Spanish Data Protection Agency (AEPD) also blocks...

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Revolut CEO: London Could Lose FinTech Hub Status
Revolut CEO: London Could Lose FinTech Hub Status
March 06, 2024  |  International

Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub. Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the...

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EU Competition Chief Margrethe Vestager Says DMA’s Priority is App Stores
EU Competition Chief Margrethe Vestager Says DMA’s Priority is App Stores
March 05, 2024  |  Regulation

The new Digital Markets Act (DMA) will reportedly focus first on app stores. European Union (EU) competition chief Margrethe Vestager told Bloomberg TV Tuesday (March 5)...

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UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
March 05, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority will investigate the use of personal guarantees by lenders for small business loans. The investigation was sparked by a “super complaint”...

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Monzo Valued at $5 Billion as Neobank Plans Expansion
Monzo Valued at $5 Billion as Neobank Plans Expansion
March 05, 2024  |  Digital-First Banking

UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...

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Apple Fined $1.9 Billion For ‘Abusive’ App Store Rules
Apple Fined $1.9 Billion For ‘Abusive’ App Store Rules
March 04, 2024  |  Apple

The European Commission has fined Apple 1.8 billion euros ($1.95 billion) for abusing its place in the music streaming market. The record fine, announced by the commission (EC) Monday (Mar....

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Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
March 01, 2024  |  Partnerships

Mastercard partnered with Loop, a digital payments technology company licensed by the Saudi Central Bank, to launch credit card and payment solutions in Saudi Arabia. Loop will use...

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