EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

Belgian Regulator Fines Google $681K Over Privacy Violations
Belgian Regulator Fines Google $681K Over Privacy Violations
July 14, 2020  |  Google

Google is objecting to a fine issued by Belgium’s privacy watchdog, the latest for alleged violations from a European privacy regulator. The Data Protection Authority...

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Google Caves On Data To Get Fitbit Merger Approval
Google Caves On Data To Get Fitbit Merger Approval
July 13, 2020  |  Google

Google, trying to meet regulators halfway, offered to pledge not to use fitness data to help it target ads in its purchase of Fitbit, Reuters...

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Amazon Retracts Request For Employees To Remove TikTok From Phones
Amazon Retracts Request For Employees To Remove TikTok From Phones
July 10, 2020  |  Amazon Technology

After asking employees to remove the TikTok app from their phones Friday morning (July 10), Amazon later said it sent the staff memo in error, The Wall...

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Deep Dive: How Open Banking Helps Accelerate B2B Payments
Deep Dive: How Open Banking Helps Accelerate B2B Payments
July 03, 2020  |  API

Open banking is shaking up the financial industry and is poised to revolutionize the way banks share data with each other as well as with third-party app developers,...

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Audit Standards On Hot Seat In Wake Of Wirecard Scandal
Audit Standards On Hot Seat In Wake Of Wirecard Scandal
July 02, 2020  |  Security & Fraud

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard...

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US Bank On Improving B2B Payments Via Open Banking
US Bank On Improving B2B Payments Via Open Banking
July 02, 2020  |  API

B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. Embracing open banking can help, but many financial institutions have...

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BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
July 01, 2020  |  Security & Fraud

The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head...

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EU Awaits Launch Of Payments Network Challenger This Week
EU Awaits Launch Of Payments Network Challenger This Week
July 01, 2020  |  International

A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks, Electronic Payments International...

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Deep Dive: How SMBs Can Brace For Changing Digital Payment Regulations
Deep Dive: How SMBs Can Brace For Changing Digital Payment Regulations
July 01, 2020  |  Bank Regulation

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s...

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