Global
Amazon bags record $886.6 million European Union data fine
Lately, tech companies are getting a lot of sticks from regulators globally due to data violations. Tech companies in China like Alibaba, Didi ...
Global
Baraka raises $4 million seed, launches investment app to connect retail investors in Middle East with US markets
Dubai-based fintech Baraka has raised $4 million in a seed round from Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, Nuwa Capital, ...
Global
European Banking Authority 2021 stress level shows capital base increase by banks
The European Banking Authority (EBA) has published the results of its 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries, ...
Global
Philippines: Peppermint gets granted financial lending licence
Securities Exchange Commission in the Philippines has granted Peppermint a financial lending licence, allowing it to offer alternative non-bank micro-enterprise loans. The financial lending service – ...
Global
Brazil: BCB publishes details about Open Banking phase 2
The Central Bank of Brazil has published a new set of dates and details regarding the country’s push towards phase 2 of Open Banking. Information on the ...
Global
UK: Payment Systems Regulator launches Digital Payments Initiative
UK-based PSR has announced a new initiative to understand potential barriers to the take-up of digital payments and identify potential solutions. The initiative will be ...
Global
Mastercard Outlines Plans for Cryptocurrencies, Stablecoins, Central Bank Digital Currencies
Mastercard’s CEO has outlined the company’s plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). “We want ...
Global
Square to acquire Australian fintech Afterpay in $29B deal
Jack Dorsey’s digital payments firm Square is expanding competition with global payments giants like PayPal by acquiring a major Australian lending company. Square announced Sunday ...
Global
Financial regulators urgently need to get a grip on ‘Big Tech’ -BIS
Central banks and financial regulators urgently need to get to grips with the growing influence of ‘Big Tech’, according to top officials from ...
Global
Brazilian Central Bank Projects ‘Significant Migration’ to Digital Payments – Director
A significant migration from paper currency to digital means of payment will take place in the next few years, according to João Manoel ...