Germany Falls Into Recession
Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.
Germany
Patient21 Raises $108 Million to Expand Digital Health Platform
Patient21, a German startup operating in the field of digital healthcare, announced plans to start working in new markets after attracting investment funds for $108 million.
Coinbase Introduces Zero Trading Fee Subscription
Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
Moss and Deutsche Bank Partner on Payments via Expense Management Platform
The media reports that Moss has established a partnership with Deutsche Bank.
Vodafone to Cut 11,000 Jobs
Vodafone announced its intention to lay off 11 thousand employees.
SAP and Google Cloud Introduce Comprehensive Open Data Offering
SAP and Google Cloud have expanded the scope of the partnership and presented a comprehensive open data offer.
Triodos Bank’s 2035 Emission Reduction Targets Validates as Science-Based
The Initiative to Achieve Science-Based Targets (SBTi) confirmed that Triodos Bank’s intentions to reduce the level of harmful emissions to zero have sufficient arguments to recognize this plan as justified.
Finanzguru Raises $14 Million to Bolster Financial Advice Platform
The German company Finanzguru announced that it managed to attract investment funds for $ 14 million following the results of the next round of financing led by PayPal Ventures.
VR Payment and Hawk AI Join Efforts to Prevent Financial Crime With AI
VR Payment, part of the cooperative financial group Volksbank Raiffeisenbanken and DZ BANK Group, partnered with AML and fraud prevention software provider Hawk AI to fight financial crime
Mercedes-Benz and Visa Launch In-Car Payments in Germany
Mercedes-Benz has rolled out the Mercedes Pay+ feature in cooperation with Visa to enable in-car payments for digital services and on-demand hardware upgrades
Klarna and Schufa Pilot BNPL Over-Indebtedness Protection Solution
BNPL fintech leader Klarna is starting a six-month pilot project with German private credit bureau Schufa for Buy Now Pay Later service customers to be better protected against over-indebtedness
German DekaBank to Begin Offering Bitcoin
DekaBank has partnered with METACO to provide crypto exposure to institutions.
JPMorgan Preps German Digital Bank
JPMorgan Chase & Co. plans to launch a digital bank in Germany.
German Antitrust Regulator Investigates PayPal
Germany’s antimonopoly regulator has launched an investigation into PayPal.
European Governments to Increase Borrowing by 10% in 2023
Investors expect European countries to flood the market with new debt in 2023 as the governments will shield their economies from high energy costs
BMW Introduces In-Car Parking Payments
BMW drivers in two European countries can find parking spaces and pay for parking, using its in-vehicle infotainment system or My BMW app
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