EMEA

Capchase Secures $114 Million to Provide Funding for SaaS Businesses
Capchase Secures $114 Million to Provide Funding for SaaS Businesses
May 21, 2024  |  Startups

Capchase received a 105-million-euro (about $114 million) credit facility warehouse led by Deutsche Bank to support flexible financing for software-as-a-service (SaaS) businesses in the United Kingdom and Europe....

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European Council Approves AI Act, Says It Sets Global Standard
European Council Approves AI Act, Says It Sets Global Standard
May 21, 2024  |  artificial intelligence

The European Council (EC) has approved the Artificial Intelligence (AI) Act, saying this law is the first of its kind in the world and may set a global...

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UK Regulator Opens the Door for Credit Card Data Reporting Mandates
UK Regulator Opens the Door for Credit Card Data Reporting Mandates
May 21, 2024  |  Credit Cards

Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator...

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Stripe Steps Up UK Expansion With London Office
Stripe Steps Up UK Expansion With London Office
May 21, 2024  |  Digital Payments

Stripe is reportedly opening a new London location as part of a larger U.K. expansion. This new office will house 250 workers from the payments company’s engineering, sales,...

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Report: US and UAE Plan AI Partnerships
Report: US and UAE Plan AI Partnerships
May 21, 2024  |  Artificial Intelligence

The United States and the United Arab Emirates are reportedly strengthening their artificial intelligence ties. Omar Sultan Al Olama, the UAE’s state minister for AI, said his...

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Visa and Mastercard Face Calls for More Transparency in UK
Visa and Mastercard Face Calls for More Transparency in UK
May 21, 2024  |  Credit Cards

The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. The Payment Systems Regulator (PSR) said Tuesday (May 21) that it is proposing that both companies...

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UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
May 17, 2024  |  Regulation

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that...

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Klarna and Nets Team on BNPL for Nordic eCommerce Merchants
Klarna and Nets Team on BNPL for Nordic eCommerce Merchants
May 15, 2024  |  Buy Now Pay Later

Buy now, pay later (BNPL) firm Klarna and payments service provider Nets partnered to bring more payment options to merchant clients in Sweden, Norway and Denmark. Through the collaboration, eCommerce merchants can...

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Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
May 15, 2024  |  Cross-border Payments

Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to...

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