Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today the completion of the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business of Piraeus Bank (Bank) in Greece.

Small and medium-sized businesses can access working capital loans up to £3 million, make secure international payments and expand into new geographies within days

Following publication of the Bank of England and FCA’s Artificial Intelligence Public-Private Forum (AIPPF) final report on AI in financial services, Gery Zollinger, Head of Data Science & Analytics at Avaloq, assesses the best ways to support ethical use of AI by financial firms.

NI tax hike acts as another blow to savers in cost-of-living squeeze

Savers and Employers alike should be making use of Salary Sacrifice to manage rising costs

Leading mortgage technology provider Twenty7Tec today announces that it has appointed Tony Prestedge to its Board as a Non-Executive Director.

Prior to his most recent role as Deputy CEO at Santander, Mr Prestedge spent 12 years at Nationwide, occupying a variety of roles including Chief Operating Officer and Deputy CEO, and has also held the role of Managing Director of Home Finance at Barclays.

Global technology provider Arrow Electronics has announced an EMEA distribution agreement with Network as a Service (NaaS) provider Megaport. The agreement makes Megaport’s private Software Defined Network platform available to companies in EMEA looking to modernise their networks and accelerate digital transformation.

The European investment platform Robo.cash introduces new commercial loans, which will be provided by the company of Robocash Group in Sri Lanka. Now platform users will be able to invest in loans for a period of 3 years at 12.5% with monthly interest payments. 

• Planet is combining with Proximis, Datatrans, protel Hotelsoftware and Hoist Group, to create a unique vertical technology provider for commerce enablement.
• Operating in more than 120 markets, the combined company will organise by key customer verticals.
• Majority owners Advent International (‘Advent’) and Eurazeo invest to power new growth strategy.
• Former PayPal executive Brent Warrington appointed as Planet’s Chief Executive Officer (‘CEO’) to lead the newly combined company.

Central banks in two large markets tightened their grips on major payment providers.

Tencent’s WeChat Pay is facing a potential multimillion yuan fine over an alleged violation of anti-money laundering and know your customer (KYC) rules, a source familiar with the matter told the Wall Street Journal.