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US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
August 14, 2024  |  artificial intelligence

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as...

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EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap
EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap
August 14, 2024  |  Regulation

European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. A pair of trade organizations — the European Banking Federation and Payments Europe —...

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Trustly UK Transaction Value Hits $16 Billion for H1 2024
Trustly UK Transaction Value Hits $16 Billion for H1 2024
August 13, 2024  |  Digital Payments

Open banking payments firm Trustly says it has seen a surge in transaction value. The company announced Tuesday (Aug. 13) that it processed 13.1 billion pounds ($16 billion)...

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Balderton Capital Pulls In $1.3 Billion for EU Tech Firms
Balderton Capital Pulls In $1.3 Billion for EU Tech Firms
August 12, 2024  |  Investments

Revolut investor Balderton Capital has raised $1.3 billion for European tech startups. The London-based firm announced the funding — divided between its $615 million Early Stage Fund IX and...

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Legacy Treasury Management Systems Ill-Equipped as Markets Enter Real-Time Era
Legacy Treasury Management Systems Ill-Equipped as Markets Enter Real-Time Era
August 08, 2024  |  B2B Payments

When it comes to contemporary business operations, complexity is nearly unavoidable. The bigger a business gets, the more borders it crosses and peers it acquires,...

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Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
August 08, 2024  |  Cybersecurity

Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). That’s because of the Digital Operational Resilience Act (DORA), which...

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UK Neobank Monzo Customer Count Exceeds 10 Million
UK Neobank Monzo Customer Count Exceeds 10 Million
August 06, 2024  |  Digital Banking

British digital bank Monzo says it has more than 10 million personal customers.  This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached...

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UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
UK’s National Crime Agency Shuts Down Platform Enabling Scam Calls
August 02, 2024  |  Security & Fraud

The United Kingdom’s National Crime Agency (NCA) reported Thursday (Aug. 1) that it shut down a platform that was used to make 1.8 million scam calls...

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AI Regulations: EU Probes, Unilever Prepares, Utah Innovates
AI Regulations: EU Probes, Unilever Prepares, Utah Innovates
July 30, 2024  |  artificial intelligence

Artificial intelligence (AI) regulation takes center stage as the EU investigates X’s (formerly Twitter) data practices, Unilever adopts a proactive stance and Utah targets mental...

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