Europe

Contactless Topples Chip & Pin as UK’s Top Payment Choice

Contactless payments have become the most popular form of card transaction in the UK for the first time, new figures have revealed. The latest figures say that contactless has now overtaken Chip & Pin payments, having already toppled cash transactions earlier this year. The company estimates that 38.

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Italy Banking Association Completes Trial of Blockchain Based System

The Italian Banking Association (ABI) has announced that they have successfully completed the first trial phase of their blockchain-based interbank system, according to reports issued by Italian financial media outlet Ansa.

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Mobile Bank N26 Launches in the UK and Plans US Expansion by Early 2019

German app-only bank N26 has launched in the U.K. and is eyeing another expansion to the U.S. in the first quarter of 2019. The Berlin-based firm, which is backed by Chinese tech giant Tencent, German insurer Allianz and PayPal co-founder Peter Thiel, said on Thursday that its services are now available in Britain, on a […]

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Danske Bank Testing New Wearable Payment Solution

FastPay is Danske Bank’s new payment solution that lets you wear your payment chip in a wristband, on a keyring or on your watchstrap so that you can make contactless payments without having to reach for your card.In the future, you will not need to take out your payment card to pay when you are […]

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How Can Blockchain Thrive in the Face of European GDPR Blockade?

It has been just over four months since the European Union enacted the General Data Protection Regulation (GDPR), a piece of legislation that was designed to protect the data of those living in the EU, but also one that conflicts directly with blockchain.

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EU Banks Back Launch of Open Banking Europe PSD2 Directory

EBA Clearing subsidiary Preta has signed up 40 banks and tech firms to Open Banking Europe, an initiative launched in June last year to create a centralised PSD2 directory. With the backing of major European banks, Open Banking Europe is seeking to address regulatory concerns about the interoperability of bank data sharing initiatives under PSD2.

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Barclays Launches European Digital Corporate Banking Platform

Barclays has rolled out a new digital platform in Western Europe as part of a wider move to boost its corporate banking operations in the region. The new platform is designed to bring the products and processes already enjoyed by Barclays’ UK corporate banking clients to those domiciled in Europe.

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App-Only Banks Rise in Europe and Aim at Traditional Lenders

Tom Blomfield, a founder and the chief executive of Monzo, a banking start-up in Britain. The internet lets you run these traditional businesses at a fraction of the cost, he said.

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Switzerland Tries to Stem Blockchain Exodus by Improving Access to Banks

In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts.

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Outage Fever Strikes UK Banks

A spate of online banking glitches has hit the UK’s leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

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Cryptocurrency ‘Wild West’ Must Come to an End, UK Lawmakers Say

U.K. lawmakers have said they want to clamp down on the Wild West cryptocurrency market and prepare Britain as a legitimate home for the trading of digital currencies.

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China UnionPay to Enter European Market

The world’s largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.

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