EMEA

Swedish Lenders Shore Up Defenses Against Fraud
Swedish Lenders Shore Up Defenses Against Fraud
February 13, 2024  |  Security & Fraud

Amid growing fraud attacks by organized crime rings, Swedish lenders are moving to adjust product offerings and increase surveillance. Fraud has grown to become the...

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OpenAI‘s Sam Altman Says UAE Could Test Potential Global Rules for AI
OpenAI‘s Sam Altman Says UAE Could Test Potential Global Rules for AI
February 13, 2024  |  artificial intelligence

The United Arab Emirates (UAE) is reportedly positioning itself as a leader in regulating and testing artificial intelligence (AI) technologies. Sam Altman, CEO of OpenAI, said...

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Finom Raises $54 Million to Expand Digital Business Banking Solution
Finom Raises $54 Million to Expand Digital Business Banking Solution
February 13, 2024  |  Investments

Finom has raised 50 million euros ($53.6 million) in Series B financing to expand its digital business banking solution in the European Union (EU). The...

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EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
February 12, 2024  |  Banking

Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,”...

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Visa and Egyptian Banks Co Partner on Remittance Solutions
Visa and Egyptian Banks Co Partner on Remittance Solutions
February 12, 2024  |  Partnerships

Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to...

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Revolut Adds UK Phone Plans to Bolster Super App Mission
Revolut Adds UK Phone Plans to Bolster Super App Mission
February 12, 2024  |  Mobile Applications

Revolut is reportedly introducing phone plans in its bid to become a “super app.” The plans, open to customers in the FinTech’s home country of...

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This Week in AI: Enterprise Acceleration, EU Rulemaking and Defeating Deepfakes
This Week in AI: Enterprise Acceleration, EU Rulemaking and Defeating Deepfakes
February 09, 2024  |  artificial intelligence

Artificial intelligence (AI) is changing everyday life, heralding a paradigm shift beyond smarter chatbots. And the technology is showing no signs of slowing down —...

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Barclays to Acquire Tesco Bank, Partner With Tesco Stores
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
February 09, 2024  |  Acquisitions

Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition...

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PayPal Explores Offline Payments as DMA Looms
PayPal Explores Offline Payments as DMA Looms
February 08, 2024  |  Payment Methods

Is PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as new European Union regulations go into effect for its...

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