Banks in the European Union could have an instantaneous payment system by 2020, according to a Reuters report of June 26. According to the report, real-time payments have been possible in the euro zone since 2017, but only about half of the banks in the bloc adhered to the initiative.…
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FinTecSystems received the BaFin permit as an account information service as well as a payment initiation service. In the competition of the Fintechs the Munich can now offer their services from the digital bank information to the payment initiation regulated. They are very happy about the BaFin permit. They have…
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The Viennese startup Refurbed has raised fresh capital. The proud sum of two million euros will be borne in part by the Londonbased VC Atomico, which was founded by Skype co-founder Niklas Zennström. Atomico is one of the largest European VCs and also invested in the payment startup Klarna. But…
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If there was any doubt about Apple’s future direction, they have been eliminated since Monday’s event: the focus was only on services: there were no hardware renewals. In addition to a bored news app, Apple introduced a gaming flat rate and a new video streaming service. And of course: the…
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In an open letter entrepreneurs from 16 countries warn of drastic consequences. The startup association renews its criticism. No legislative proposal is currently shaking waves like the EU’s copyright reform, which the European Parliament is due to vote on next week. For Saturday, demonstrations are planned in numerous cities –…
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In Spain, the chain of success began. When Pagantis was born in 2011, his idea was to develop a leading business in the country, as its CEO Rolf Cederström recalls. “We were pioneers in online consumer credit and after the strong demand from our international merchants and partners, we are…
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The European nation presented a new bill that includes a legal framework for the securities issued through the blockchain network. The Luxembourg parliament Chamber of Deputies passed the bill with 58 members who voted in support of the legislature. The bill’s document says that Bill 7364 aims to provide financial…
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It is not usual for a company to tell you to use competitive products or services. But Google will start doing it very soon. The European Union accused the technological giant of taking advantage of the dominance of its operating system in mobile phones. Which is being used to promote…
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Amazon achieved record revenues in Europe last year of 27,888 million euros, 12% more than a year earlier. Despite this, the company’s holding company managed to get Luxembourg, the country where it is domiciled, a tax refund of 241 million euros. This is due to the fact that tax credits…
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The European Supervisory Authorities EBA, Esma and Eiopa have published two opinions in response to requests made by the European Commission in its Fintech Action Plan. In one of them, they urge to introduce legislative improvements to carry out a correct management of ICT risks in the financial field. Which…
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