EMEA

Europe’s Lenders See ‘Bank Walk’ as Consumers Pull Savings
Europe’s Lenders See ‘Bank Walk’ as Consumers Pull Savings
May 04, 2023  |  Banking

European consumers are reportedly pulling their savings from bank accounts as they seek better deals. As Reuters reported Thursday (May 4), this phenomenon has emerged as some...

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Europe’s 28 Million Small Businesses Get Ready for PayFac Version 2.0
Europe’s 28 Million Small Businesses Get Ready for PayFac Version 2.0
May 04, 2023  |  Digital Payments

The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28...

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MENA’s AgriTech Revolution Captures VC Attention and Dollars
MENA’s AgriTech Revolution Captures VC Attention and Dollars
May 04, 2023  |  Startups

Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion...

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Fraud Detection Firm BioCatch Adds Permira to Investors List
Fraud Detection Firm BioCatch Adds Permira to Investors List
May 03, 2023  |  Security & Fraud

BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel...

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Fortellix Raises $43 Million to Expand Its Automatic Driving Validation Tech
Fortellix Raises $43 Million to Expand Its Automatic Driving Validation Tech
May 03, 2023  |  artificial intelligence

Fortellix has raised $43 million to expand its products for the automated driving sector. The Israeli company, which makes safety-driven verification and validation technology for automated...

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Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
May 03, 2023  |  artificial intelligence

Microsoft’s chief economist says illegal artificial intelligence use is a matter of “when,” not “if.” “I am confident AI will be used by bad actors,...

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Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
May 03, 2023  |  Investments

Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May...

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Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
May 03, 2023  |  Security & Fraud

Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Today’s digitized payments landscape has given bad actors an increasingly sophisticated array...

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CBDC Skepticism in Europe Paves Path for Tokenized Deposits
CBDC Skepticism in Europe Paves Path for Tokenized Deposits
May 03, 2023  |  CBDC

A spate of bank runs and controversies over central bank digital currencies (CBDCs) may further pave the way for tokenized deposits. The issues surrounding CBDCs...

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