ECB to monitor Digital Transformation Efforts at Banks
The European Central Bank plans to conduct targeted reviews and inspections due to the identification of shortcomings in the digital transformation strategies of banks.
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KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
Unbanked and Mastercard to Partner on Crypto Card Issuance in Europe
Unbanked and Mastercard have agreed to cooperate to accelerate the process of issuing decentralized finance (DeFi) cards in Europe.
ECB Reveals Euro Area Lending Trends
January 2023 euro area bank lending survey by European Central Bank (ECB) revealed significant tightening in credit standards for all loan categories along with subdued business loan demand
Hackers Access to Personal Data of 37M T-Mobile Сustomers
In a financial report published on Thursday, T-Mobile said that hackers gained access to the storage of personal data of 37 million customers.
EU Postpones MiCA Crypto Regulation Vote to April
EU lawmakers have re-scheduled their vote on landmark crypto regulation bill MiCA to April 2023. Its key provisions cover transparency, disclosure, authorisation and supervision of crypto transactions
60% of Card Payments in Europe are Contactless
European Central Bank (ECB) has conducted “Study on the payment attitudes of consumers in the euro area (SPACE) 2022”, revealing the growth of contactless card payments in the EU
European Stocks Outperform US Peers
Typically lagging behind on the global market scene, European stocks have shown tremendous gains in the past couple of months, more than double the growth of their US counterparts
Are Startups Going Out of Fashion?
Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?
