Amid a challenging economic landscape, the U.K.’s Financial Conduct Authority (FCA) has unveiled its Business Plan for the 2024-2025 fiscal year, marking the culmination of its three-year strategic roadmap. One of the focal points of this plan, particularly from a digital innovation perspective, is the imperative to combat financial crime. PYMNTS...
French Device-as-a-Service startup Fleet has expanded into Germany, aiming to optimize the lifecycle of workplace equipment for companies and startups there. Already operating in France and Spain, Fleet’s expansion into Germany marks another milestone in its growth journey, EU Startups reported Thursday (Sept. 14). The company was...
Nokia will deploy new digital infrastructure connecting Southern and Eastern Africa. The Finnish telecommunications company announced on Thursday (Feb. 2) that it has been selected by the pan-African technology group Liquid Intelligent Technologies (LIT) to deploy an optical transport network connecting Kenya, Uganda, Rwanda, the...
Europe’s airlines are bouncing back from the pandemic-induced collapse of international travel. At least, some of them are. In a recently published trading update, British low-cost airline EasyJet announced an increase in passenger count to 5.43 million in December, representing a “load factor” of 87%....
The Kenyan government is pushing for a nationwide digital ID scheme. But the years-long implementation so far has been beset with complications. The government’s attempts to create a nationwide ID scheme go back years, following close to two decades of consolidating data from different population...
FinTech Optasia, Ecobank and MTN are partnering to launch a mobile money microloan service in Guinea. In a Thursday (Jan. 26) press release, the Dubai-based FinTech announced that the services will be offered to MTN’s subscribers in the country under the Ecobank product name “Prêt...
Czech investment firm McWin is set to acquire a majority stake in restaurant business L’Osteria. In a statement on Tuesday (Jan. 24), McWin said it will purchase a majority stake in the Italian restaurant chain, subject to regulatory approval. Although McWin did not state the...
A digital euro should complement, not replace, other electronic payment methods or cash. So said European Central Bank (ECB) Executive Board Member Fabio Panetta in a Monday (Jan. 23) speech to the European Parliament’s Committee on Economic and Monetary Affairs. “Our priority for the digital...
The EURM token is the latest euro-denominated stablecoin endorsed by Spain’s central bank. The new digital euro will be issued by Spanish FinTech Monei, which has been authorized by the Banco de España (BDE) to test the stablecoin in its regulatory sandbox, Spanish media has...
