Atom Bank Raises £30M, Gets Ready for IPO
The latest funding round brought the bank £30 million from BBVA, Toscafund, and Infinity Investment Partners, in preparation for a 2024 IPO
News - page 198
Great Opportunities For Embedded Finance in the European Mobility Sector Revealed
Research conducted by Solaris and the Handelsblatt Research Institute analyzes the potential of the most popular mobility providers in Germany, France, Italy and Spain to offer financial services
PayPal to Introduce Optional Gambling Transaction Blocking Software
In a move that will please both the gambling industry and consumers, PayPal has announced that it will release software that will allow customers to block gambling-related transactions.
Cybercriminals Will Look Away from BTC: Kaspersky
Although crypto-related cybercrime won’t slow down in 2023, crooks will look for alternatives to Bitcoin as a source of payment, as regulation and tracking improves
OECD Says Global Economy May Avoid Recession in 2023, More Interest Rate Hikes Needed
ECB should narrow the interest-rate gap with the US Fed, as inflation is unlikely to fall back quickly
Credit Card Payments in South Korea to Reach $900 Billion by 2026: GlobalData
Credit cards are the most preferred payment choice in South Korea, worth nearly 80% of total card payments value in 2022
Apple & Google Face Thorough Antitrust Probe of Mobile Market Power in the UK
British competition regulator is deepening its investigation into the market power of Apple and Google, suspecting they might restrict competition on mobile devices
Hong Kong Warns That Stablecoin Volatility Can Affect Traditional Financial Systems
Systematic shocks within the crypto ecosystem risk to have knock-off effects upon traditional financial institutions
Transport for London Works on Next Generation Transport Payments Solution
An upgrade to TfL’s revenue collection system will combine its Oyster closed-loop transit card with an account-based contactless ticketing
RBI to Launch Retail CBDC Pilot
Another digital rupee pilot will supplement the current national payment system
UK Startup Griffin Launches BaaS Sandbox
Griffin’s sandbox environment is officially out of beta and ready for exploration
Genesis Is in Hot Water but Doesn’t Plan Bankruptcy Yet
FTX sudden collapse has sent ripples across the crypto industry. Will Genesis become the next in line for a bankruptcy filing?
The Global Economic Trading Patterns Are Rapidly Shifting
Russia’s invasion of Ukraine and China’s continuous lockdowns are encouraging a trade and investment renaissance between the US and Europe
Slush Revokes Immigram’s Win Due to Operations in Russia
The Slush 100 Pitching Competition, a new program for early-stage founders, announced that it decided to revoke the win of Immigram—a UK-based company with Russian roots.
What’s Up with FTX? Creditors and Investors Hold their Breaths
Fresh data reveals a more detailed overview of FTX’s financial problems
Savings of US Consumers Slowly Shrink but They Can Still Fuel a Year of Healthy Spending
The pandemic-related relief helped US citizens build up a small nest egg – now the recession is wearing the savings out
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