EMEA

Europe's PSD2 data-sharing standards are meant to foster cooperation in the market, but banks are getting more competitive as they seek to plug a revenue drain the new rules threaten.

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.

The bank and European air carriers are hoping to cut into air fare payment fees that are as high as $8 billion per year.

Ulster Bank customers in the Republic of Ireland were left fuming as a second problem with the bank’s digital systems emerged only a week after the last mess, slowing down payments.

In one of the biggest fundraising rounds for a European fintech this year, Revolut Ltd., a U.K. startup that provides digital banking, received $250 million.

Contactless payments have become increasingly popular in the U.K. over the past couple of years due to the advantages they offer in terms of speed and ease of payment — but despite this, much of the U.K. public does not trust the format.

Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.

Companies that handle sensitive customer data have even more to worry about when making an acquisition. Not only do they have to be sure the acquired company has good security, but they can't let their guard down even after the acquisition closes.

The U.K.’s late payments culture and its resulting impact on suppliers has many worrying about whether their clients are the next Carillion, a U.K. construction giant whose collapse left approximately 30,000 SMEs with millions of pounds in unpaid invoices.