EMEA

NatWest to End BNPL Option Due to Lower-Than-Expected Use
NatWest to End BNPL Option Due to Lower-Than-Expected Use
March 08, 2024  |  BNPL

NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years...

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Qonto to Acquire Regate, Add Financial Tools for Accountants
Qonto to Acquire Regate, Add Financial Tools for Accountants
March 07, 2024  |  Acquisitions

European business finance solution firm Qonto plans to acquire French FinTech company Regate. The deal is expected to close within weeks, Qonto said in a Thursday...

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Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
March 07, 2024  |  Acquisitions

The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday...

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Apple/Epic Spat Gets EU Attention as DMA Takes Effect
Apple/Epic Spat Gets EU Attention as DMA Takes Effect
March 07, 2024  |  Apple

The European Commission wants answers about Apple’s ejection of Epic Games from its App Store. The commission (EC) has “requested further explanations” from the iPhone maker about the move, the Financial Times reported...

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Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
March 06, 2024  |  Regulation

Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  The firm told...

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Spain to Sam Altman’s Worldcoin: Stop Collecting User Data
Spain to Sam Altman’s Worldcoin: Stop Collecting User Data
March 06, 2024  |  Cryptocurrency

Spain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March 6) from the Spanish Data Protection Agency (AEPD) also blocks...

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Revolut CEO: London Could Lose FinTech Hub Status
Revolut CEO: London Could Lose FinTech Hub Status
March 06, 2024  |  International

Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub. Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the...

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EU Competition Chief Margrethe Vestager Says DMA’s Priority is App Stores
EU Competition Chief Margrethe Vestager Says DMA’s Priority is App Stores
March 05, 2024  |  Regulation

The new Digital Markets Act (DMA) will reportedly focus first on app stores. European Union (EU) competition chief Margrethe Vestager told Bloomberg TV Tuesday (March 5)...

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UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
March 05, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority will investigate the use of personal guarantees by lenders for small business loans. The investigation was sparked by a “super complaint”...

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