EMEA

Kraaft Raises $3 Million to Expand Contractor Messaging App
Kraaft Raises $3 Million to Expand Contractor Messaging App
October 04, 2023  |  Investments

Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. According to a report Wednesday (Oct. 4) by EU Startups, the French company will...

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Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
October 04, 2023  |  Partnerships

Fiserv has expanded its longstanding partnership with Swift to improve the speed and visibility of cross-border payments. The global provider of payments and financial services technology...

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Boohoo Group’s Shares Drop as Fast-Fashion Retail Industry Faces Challenges
Boohoo Group’s Shares Drop as Fast-Fashion Retail Industry Faces Challenges
October 03, 2023  |  Retail

Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to...

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EU Official: ‘Dystopian’ Fears Shouldn’t Guide AI Regulation
EU Official: ‘Dystopian’ Fears Shouldn’t Guide AI Regulation
October 03, 2023  |  Artificial Intelligence

A top European Union official is warning against letting “dystopian” fears govern artificial intelligence (AI) rulemaking. Věra Jourová, the European Commission’s vice president for values...

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Weavr to Close Its Recently Acquired Open Banking Payments App
Weavr to Close Its Recently Acquired Open Banking Payments App
October 02, 2023  |  B2B Payments

London-based embedded finance provider Weavr has said it will close its open banking payments app, Comma. The company acquired the app in March and will close...

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Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
September 29, 2023  |  Apple

Apple has reportedly soft launched an iPhone Wallet app integration that provides users in the United Kingdom with their current account balances and transaction histories. This...

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Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
September 29, 2023  |  Legal

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated...

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Global Merchants See Sales Boost With Modern Cross-Border Payments Infrastructure
Global Merchants See Sales Boost With Modern Cross-Border Payments Infrastructure
September 29, 2023  |  eCommerce

The pandemic era ushered in many favorable trends for global eCommerce businesses, but times have changed, says Pranav Sood, EMEA executive GM at payments firm...

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Report: Travelex Owners Assess Buyer Interest for Potential Sale
Report: Travelex Owners Assess Buyer Interest for Potential Sale
September 28, 2023  |  Acquisitions

British currency exchange company Travelex is reportedly considering a sale. The owners of Travelex, including former bondholders who gained control through a debt restructuring, are working with...

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