EMEA

EU Launches Delivery Hero and Glovo Antitrust Investigation
EU Launches Delivery Hero and Glovo Antitrust Investigation
July 23, 2024  |  ANTITRUST

Delivery Hero and its Spanish unit Glovo are under investigation by Europe’s antitrust watchdog. The European Commission (EC) announced Tuesday (July 23) that it will probe whether the relationship between the two...

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Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management Change
Emirates NBD Says Middle East’s Digital-First Approach Forces Treasury Management Change
July 23, 2024  |  Banking

The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically...

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International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
July 22, 2024  |  Regulation

A top global financial watchdog says the “shadow banking” sector needs more regulation. Writing Monday (July 22) to a group of finance ministers and central...

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Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
July 19, 2024  |  Meta

A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company’s WhatsApp violated the country’s data and privacy laws. The Federal...

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Meta’s AI Retreat May Signal EU Regulatory Minefield
Meta’s AI Retreat May Signal EU Regulatory Minefield
July 19, 2024  |  artificial intelligence

Facebook parent Meta’s decision to withhold its latest multimodal artificial intelligence (AI) model from the European Union highlights the growing chasm between Silicon Valley innovation...

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Bank of England: CHAPS Payment System Service Restored After Outage
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024  |  Payment Methods

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it...

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Global Regulators Race to Tame the Wild West of AI
Global Regulators Race to Tame the Wild West of AI
July 17, 2024  |  artificial intelligence

From Washington to Brussels, policymakers are scrambling to rein in artificial intelligence’s (AI) rapid advance. As the Federal Communications Commission (FCC) targets AI-powered robocalls and...

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UK Regulators Investigating Benefits, Risks of Digital Wallets
UK Regulators Investigating Benefits, Risks of Digital Wallets
July 15, 2024  |  Payment Methods

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial...

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