PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

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PYMNTS

JANUARY 21, 2021

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

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PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. European Central Bank Outlines Use Cases for Digital Euro. for General Motor's Credit Card Business. Goldman to Pay $2.5B billion in spending per year.

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PYMNTS

JANUARY 20, 2021

Euro area banks have cut back on lending, as the pandemic continues to threaten the economy. At the same time, however, big problems are building over their earlier loans to small and medium-sized businesses (SMBs). The WSJ said that regulators fear a new wave of SMB defaults could mean big losses for European banks.

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PYMNTS

APRIL 9, 2019

Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have to make moves to boost the economy. At the end of 2018, by contrast, 9 percent of banks reported an increase.

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PYMNTS

APRIL 30, 2020

JPMorgan Chase was the biggest saver of funds in an effort by banks around the world to get ahead of a spate of bad loans they believe is coming. The banks, combined, have set aside $66 billion for the prospect, which is likely due to the number of corporations that may have to default due to the virus’ economic destruction.

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Lending Comparison Regional Capital 188

PYMNTS

OCTOBER 18, 2020

Recent restrictions on day-to-day life from the COVID-19 pandemic will also have to come with financial aid, according to European Central Bank President Christine Lagarde , Reuters reports. For service companies, momentum has been strangled since August and business services have contracted since September.

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The Paypers

APRIL 22, 2024

Reuters reports that the European Central Bank (ECB) has decided to instruct Italy-based UniCredit to scale down its business activities with Russia.

Report 36

Report 36

PYMNTS

MAY 20, 2020

The European Central Bank (ECB) is the European Union’s foremost regulatory body. The network is also a key component of its broader drive to harmonize the European financial system. The network is also a key component of its broader drive to harmonize the European financial system. Best-Laid Plans.

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PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

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PYMNTS

APRIL 9, 2020

In a collaboration with Visa , Ireland’s Billhop has announced a new service aimed at making it easier for businesses to pay their B2B suppliers via commercial card, even when vendors don’t accept them. The company has rolled out its service in the U.K. and Sweden, it noted. ”

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PYMNTS

NOVEMBER 10, 2020

Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland. The new license from Ireland’s financial services regulator will enable SumUp to offer its services across 26 European countries.

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Fintech Regulation Cards Google 245

PYMNTS

OCTOBER 13, 2020

While coronavirus infections continue to rise in Europe, they'll likely have less of an economic impact this time around, Klaas Knot , Dutch central bank president and European Central Bank board member, said on Tuesday (Oct. Meanwhile, Business 20 warned recently that the global economy was in deep trouble.

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PYMNTS

DECEMBER 1, 2020

The Central Bank of Iceland (CBI) is debuting a new instant pay platform with partnership with SIA , a European company specializing in high-tech payment services and infrastructures, according to a press release.

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PYMNTS

MAY 22, 2020

real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under. This decline in economic activity has tightened cash flows for businesses and consumers alike.

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PYMNTS

JANUARY 14, 2021

At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. As quoted by Reuters, she termed the cryptocurrency a “highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.”

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PYMNTS

DECEMBER 1, 2020

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while Velo Labs is working with Visa and Lightnet on lending in Asia. Iceland Central Bank Debuts Instant Payments.

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Lending Digital Banking Policies System 140

PYMNTS

DECEMBER 1, 2020

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Virgin Money, Redspire Team On Business Banking. Iceland Central Bank Debuts Instant Payments.

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PYMNTS

OCTOBER 8, 2020

In today’s top news in digital-first banking, Revolut is rolling out a new feature to encourage youth to stash cash, while the Bank of Korea has indicated that it plans to start testing distribution of its digital currency next year. Bank Of Korea To Begin Testing Distribution Of Digital Currency. Wells Fargo & Co.

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PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

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PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. The shift could drastically change how customers feel about having physical money stored in banks, according to the report. at the cutting edge of payments innovation.

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Innovation National Regulation Report 259

PYMNTS

DECEMBER 28, 2020

In today’s top news in digital-first banking, financial regulators in China are moving to check the influence of Jack Ma’s Ant Group, while the second pilot of a digital yuan by the People’s Bank of China has concluded. Plus, a Brexit deal has been reached between the United Kingdom and the European Union. It is fair.

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PYMNTS

OCTOBER 2, 2020

Its funding occurs as the country gears up for its busy festival season. European Central Bank Outlines Use Cases For Digital Euro. That was the message of the European Central Bank (ECB). Amazon recently reportedly put $152 million into its Amazon Seller Services division in India. of Singapore.

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Payments Security Report Online 198

PYMNTS

JANUARY 20, 2021

Today in B2B payments, European banks pull back spending, while WEX collaborates with MYOB. European Banks Lend Less, Fearing Bad Loans During Pandemic. Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. 19) announcement.

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Lending Payments Fintech Survey 161

PYMNTS

JANUARY 22, 2021

In light of the ongoing pandemic and worsening economic status in Europe, the European Council on Thursday (Jan. A double-dip recession for the eurozone economy is looking increasingly inevitable,” Chris Williamson, IHS Markit’s chief business economist, said in the release. mirrored that of the Eurozone, with the U.K.

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PYMNTS

SEPTEMBER 15, 2020

In other news, European Central Bank (ECB) policy makers received a present of the globe’s first so-called “collectible digital coin” by email, Bloomberg reported. Vitas Vasiliauskas , the governor of Lithuania’s central bank, told Bloomberg, “I’m curious how popular this is going to be among Governing Council members.”.

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Bitcoin Texas blockchain Florida 238

TheGuardian

MAY 4, 2023

The European Central Bank has increased its benchmark interest rate by a quarter of a percentage point in an effort to bring down persistent inflation. Business – live updates Continue reading. The ECB president, Christine Lagarde, said: 'The inflation outlook continues to be too high for too long.'

Video 51

Video 51

Chris Skinner

FEBRUARY 9, 2018

Things we’re reading today include … Banking’s Great Comedy Double-Act European Central Bank wakes up to digital currency ‘concern’ God complex of the world’s 29th richest man who can’t stop meddling with other countries’ affairs RBS hits back at claim bosses misled MPs on small business mistreatment (..)

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PYMNTS

OCTOBER 16, 2020

In today’s top news in digital-first banking, Mizuho Bank, JCB and Fujitsu will pilot a blockchain-based identification system, while BBVA participated in an instant payments experimental effort in the U.K. Japan's Fujitsu, JCB, Mizuho Bank Test Blockchain-Based ID System.

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PYMNTS

JULY 14, 2020

An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The move by the Bank for International Settlements (BIS) comes as Facebook gears up to launch a cryptocurrency, Libra.

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PYMNTS

NOVEMBER 10, 2020

Nigeria-based Kuda , which operates its own mobile-first challenger bank, now has $10 million after a funding round in what TechCrunch reported is the biggest seed round ever raised in Africa. Kuda's bank works with customers and will soon add a capability for small businesses.

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PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. This might disrupt transaction banking and financial market intermediation.”.

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PYMNTS

JANUARY 30, 2020

The European Central Bank (ECB) data showed on Wednesday (Jan. 29) that lending to euro zone companies fell to a two-year low at the end of last year as bank loans to households grew, according to Reuters. Recent numbers reveal some stabilization has resulted, but the cash flow from banks to businesses was only at 0.7

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Lending Data Policies Company 130

PYMNTS

MARCH 18, 2020

The coronavirus is spurring trade groups to ask for aid and governments to provide assistance for banks. As shops shuttered to curb the coronavirus’ spread, the HDE retail association of Germany asked for the government to provide tax relief and state aid as soon as possible to prevent companies from going out of business, Reuters reported.

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Taxes National Report Retail 130

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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PYMNTS

FEBRUARY 25, 2020

The consumer confidence index, which measures people’s assessment of the business and labor environment, rose less than expected for the month of February, according to a report by CNBC. The present situation index, which measures the current business and labor environment, went to 165.1, 25) shows that the index came in at 130.7,

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PYMNTS

MARCH 17, 2020

While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities. Hungary announced earlier this month that its new instant payments system is now live across banks in the nation.

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Payments National blockchain System 245