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UniCredit’s Commerzbank stake acquisition fuels European banking consolidation rumours

UniCredit’s 9% stake in Commerzbank has sparked fresh takeover speculation and renewed hopes for European banking consolidation, as Germany reduces ...

September 11, 2024
5 minutes

PayPal and Shopify expand partnership for seamless e-commerce transactions

PayPal and Shopify have expanded their partnership to enhance online payment processing in the U.S. PayPal will now process credit and debit card tr...

September 10, 2024
3 minutes

UK trust in banks trails Europe and US over fraud and data security concerns

Trust in UK banks has hit a low, with British consumers expressing significantly more concern over the safety of their financial data than their count...

September 10, 2024
3 minutes

The BNPL boom: The impact on consumers and the economy

The Buy-Now-Pay-Later (BNPL) market is experiencing a remarkable surge, driven by fintech giants such as Klarna, Afterpay, and Affirm. As these compan...

September 9, 2024
5 minutes

Bank of London caught off guard by HMRC petition over unpaid tax

The Bank of London faced an unexpected tax issue but quickly secured £42 million in new financing. Leadership changes followed, with Stephen Bell bec...

September 9, 2024
3 minutes

UK signs first international treaty to implement AI safeguards

The US, EU, and Israel are also among the signatory nations of the Council of Europe's Framework Convention on Artificial Intelligence. The treaty see...

September 6, 2024
2 minutes

Mastercard and barq collab to expand digital payment services in Saudi Arabia

Mastercard and barq team up to empower its customers with industry-leading payment acceptance solutions through Mastercard Gateway. ...

September 6, 2024
3 minutes

Wirecard executives ordered to pay €140 million in damages

Munich court holds former Wirecard CEO Markus Braun and two other executives accountable for financial misconduct, ordering them to pay €140 million...

September 5, 2024
2 minutes

SOFTWARE SPOTLIGHT

PayPal Ventures Embarks on AI Journey with Strategic Rasa Investment

This venture not only marks PayPal's inaugural investment in the AI sphere but also introduces its AI Fund, dedicated to fostering innovation by suppo...