EMEA

i2c, Visa Team for FinTech Processing Across MENA
i2c, Visa Team for FinTech Processing Across MENA
March 29, 2022  |  Partnerships

i2c Inc., which provides digital payment and banking technology, on Tuesday (March 29) partnered with Visa to become a FinTech processor in the Middle East-North...

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UK to Propose New Crypto Rules While FCA Closes Registration
UK to Propose New Crypto Rules While FCA Closes Registration
March 29, 2022  |  Regulation

The Financial Conduct Authority (FCA) is ending its Temporary Registration Regime (TRR) for crypto asset businesses on March 31, and those companies that are not...

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Challenger Bank Lunar Plans $146M Acquisition of Instabank
Challenger Bank Lunar Plans $146M Acquisition of Instabank
March 29, 2022  |  Acquisitions

Challenger bank Lunar is acquiring digital bank Instabank for 132 million euros (about $146 million), a move that will increase Lunar’s reach in Norway and...

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French Court Fines Google $2M for ‘Abusive’ Developer Practices
French Court Fines Google $2M for ‘Abusive’ Developer Practices
March 29, 2022  |  Regulation

A French court has fined Google $2.2 million (€2 million) for what the country’s government has described as “abusive” dealings with developers on its app...

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South Korea to Access Western Union with ICB App For Cross-Border Payments
South Korea to Access Western Union with ICB App For Cross-Border Payments
March 29, 2022  |  Cross-border Payments

Western Union has launched its transfer services in South Korea with FinTech ICB Co. Ltd.’s mobile app, the international cross-currency money mover announced Monday (March...

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Consumer Lending Rose in the UK, Fueled by Record Credit Card Borrowing
Consumer Lending Rose in the UK, Fueled by Record Credit Card Borrowing
March 29, 2022  |  Loans

Lending to consumers in Britain swelled in February, the most in five years, the Bank of England (BoE) announced Tuesday (March 29). The rise was...

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Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
March 29, 2022  |  Regulation

The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2)...

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EMEA Daily: Apple Now Faces $55M in Fines; Ted Baker Declines Sycamore’s Takeover Offers
EMEA Daily: Apple Now Faces $55M in Fines; Ted Baker Declines Sycamore’s Takeover Offers
March 28, 2022  |  International

In today’s top Europe, Middle East and Africa news, the Dutch antitrust watchdog has fined Apple $55 million for failure to allow Netherlands-based dating app...

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UK Ransomware Attacks Up 100% in 2021
UK Ransomware Attacks Up 100% in 2021
March 28, 2022  |  Cybersecurity

Ransomware attacks reported to the Information Commissioner’s Office (ICO) in the U.K. doubled last year to 654 from 326 in 2020, according to a report...

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