EMEA

Cash Remains King for Swiss Households: National Bank Survey

The typical Swiss carries 133 francs (135) around in cash and prefers debit cards to credit cards and online payments, a survey by the Swiss central bank showed, underscoring the traditional Swiss fondness for banknotes. FILE PHOTO: The new 50 Swiss Franc note seen on a screen of the Swiss National Bank (SNB), April 6, […]

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British FX Firm Currencies Direct Pilots Ripple Tech

A foreign exchange (FX) brokerage based in the UK has announced that it successfully tested distributed ledger startup Ripple’s xRapid product, which uses the digital asset XRP.

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U.S. Banks May Be at Risk From Italy’s Political Turmoil

The ripples from Italy’s political turmoil are reaching American shores. U.S. banks are coming under pressure in pre-market trading as the Mediterranean nation prepares for a fresh election that may become a de facto referendum on its membership in the euro currency union.

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Tap to Tip: Buskers Start Offering Contactless Card Payments

London is to introduce a contactless payment scheme for buskers in what organisers say is a world first. Busk in London, a Mayor of London initiative, has partnered with technology company iZettle to give card readers to performers.

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Bank of England Open to Idea of Central Bank-Issued Digital Currency

Mark Carney, the governor of the United Kingdom’s central bank – the Bank of England – spoke on a recent panel in Stockholm on the future of central banking where he stated that he is open-minded about the idea of a central-bank-issued digital currency.

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Adyen Confirms an IPO in Amsterdam, Valuing the Payments Giant at $7B-$11B

The floodgates are definitely open for IPOs in the tech world right now, and the latest is coming out of Europe.

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Banking by Mobile App ‘To Overtake Online by 2019’

Image copyright Getty Images More consumers will use apps on their smartphone than a computer to do their banking by as early as next year, according to forecasts.Last year, 22 million people managed their current account on their phone, industry analyst CACI said.

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UK Payments Community Calls on Open Banking to Do More to Enable Access for Fintechs

A UK payments industry trade body is calling on the Open Banking Implementation Entity (OBIE) to force banks to do more to enable access for fintech firms. The Open Banking era, enabling Brits to share their banking data with trusted third parties, has gotten off to a subdued start in its first few months.

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GDPR Versus Open Banking: Two Sides of the Same Coin

Two hotly anticipated legislations of 2018, PSD2 and GDPR, are products of a new digital dawn. The former was met with wholehearted embrace from a host of third party fintech startups and the wider banking community who envisioned a more customer-centric and competitive Open Banking sector; ripe ground for healthy innovation.

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A Practical Guide to the European Union’s GDPR for American Businesses

The European Union’s General Data Protection Regulation (GDPR) will take effect next week, on May 25, 2018. The GDPRs impact extends far beyond existing data protection measures and affects business of all sizes from solopreneurs to the largest corporations.

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French Banks to Introduce P2P Mobile Payments

Paylib, the mobile wallet developed by a consortium of French banks, is set to introduce person-to-person payments utilising customer phone numbers. BNP Paribas is the first bank to roll out the P2P option, enabling users to send cash to friends by simply keying in a phone number.

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UK Cryptocurrency Body Calls for Regulatory Intervention to Legitimize the Market

The UK cryptocurrency community is calling on the Government and the Financial Conduct Authority to toughen up rules governing the trading of virtual currencies and to issue licenses to firms which demonstrate compliance.

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