Germany

How the World Does Digital: Germany Lags in Digital Engagement
How the World Does Digital: Germany Lags in Digital Engagement
July 18, 2024  |  Connected Economy

As the largest economy in the European Union, Germany surprisingly ranks near the bottom in digital engagement among the 11 countries studied in PYMNTS Intelligence’s...

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Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
June 21, 2024  |  B2B Payments

Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The...

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Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
June 04, 2024  |  Partnerships

Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing...

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Brite Expands Instant A2A Payments, Payouts Solutions to Germany
Brite Expands Instant A2A Payments, Payouts Solutions to Germany
April 24, 2024  |  Faster Payments

Brite Payments now enables instant account-to-account (A2A) payments and payouts in Germany. The Swedish FinTech already offers these Brite Instant Payments in the Nordics, Baltics...

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Commerzbank Fined for Money Laundering Compliance Failure
Commerzbank Fined for Money Laundering Compliance Failure
April 22, 2024  |  AML

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Security & Fraud

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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Germany to Deliver Benefits Via Payment Cards Rather Than Cash
Germany to Deliver Benefits Via Payment Cards Rather Than Cash
April 12, 2024  |  Disbursements

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This...

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Tide to Launch Financial Platform for Small Businesses in Germany
Tide to Launch Financial Platform for Small Businesses in Germany
March 12, 2024  |  SMBs

Tide will launch its business financial platform in Germany, aiming to serve small businesses in Europe’s largest economy.  Already available in the United Kingdom and...

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Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
February 21, 2024  |  Regulation

Germany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes after several firms improved their controls, BaFin Executive Director...

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