Europe

Tourists Told Card Payments ‘Help Greece’s Financial Recovery’

Greece’s revenue authority is running a new campaign to tell millions of visiting tourists about claiming receipts while in the country.

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Contactless Payments Become Top Choice for UK Adults

Research from comparison website GoCompare Money has shown that contactless payments have become the top choice for UK adults, with more than 75 using this method of payment in the past year.

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Could Europe Become a Fintech Hub?

A number of technologies and new regulations are poised to disrupt the incumbent financial system. So much so that the emerging field of financial technologies has earned itself the fintech’ portmanteau.

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Brits Still in the Dark on Open Banking

Nearly three quarters of Brits (72) have no idea what open banking is, with less than three in 10 ( 28) aware of the new initiative, which launched in January this year. Open banking enables banking providers to share information on current accounts with trusted third parties, such as apps and websites, if customers give […]

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UK Fintech Investment Exceeds US and China

More money was invested in UK financial technology (fintech) than in the same sector in the US and China in the first half of this year, according to KPMG. Fuelled by the 12.9bn deal that saw Vantiv acquire WorldPay, investment in UK fintech in the first half of 2018 reached 16bn, compared with 14bn in […]

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Revealed: The U.K. Banks Most People Are Switching To

Halifax, Nationwide, HSBC and Starling Bank have gained the most current account customers in the first three months of 2018, as people vote with their feet and leave their previous providers, new figures from Bacs reveal.

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Nearly a Million Fed-up U.K. Customers Switched Banks in the Past Year

Nearly a million fed-up customers switch banks in the past year as they blame branch closures, IT meltdowns and vanishing cash machines Customers have been unable to access accounts after computer meltdowns Barclays, Lloyds, RBS, Santander and TSB saw customers closing their accounts Between July 1 and June 30, 965,317 people moved their bank accou.

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The World’s Biggest Name in Cryptocurrency Is…Lithuania?

One great thing about the cryptocurrency market, a major advance in mobile payments technology, is that it’s brought a substantial quantity of surprises along with it. Yes, we’ve seen some bizarre new developments, but one of the strangest was a report sent our way about Lithuania’s unexpected primacy in the field.

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Switzerland Seeks to Regain Cryptocurrency Crown

Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.

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Digital Payments: Banks Are Building a Super-Speed Money Highway in the Nordics

The biggest Nordic banks expect to launch a new piece of financial infrastructure next year (2019), promising to dramatically speed up international transfers in one of the world’s most technologically advanced regions. The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency.

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Rise or Fall? The Evolution of the European Fintech Industry

Although technology in financial services has been present in the industry for decades- from ATMs to chip and pin-it’s only in the last few years that the concept of fintech has become a fixture and gained significant traction in Europe.

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UK Banks May Have Two Days to Recover From IT Failures

British banks and other financial services firms have three months to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyber attacks.

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