Meet Finn — bunq’s new GenAI chatbot
Today, Dutch neobank bunq launched its generative AI platform — Finn. Running on open large language models (LLMs) from OpenAI and Meta, the new chatbot function is designed to help…
Solving the SME cash flow crisis: It’s time for late payments to end
In the intricate web of business activity in the UK, the relationship between large corporations and SMEs plays a pivotal role in shaping the economic landscape. With SMEs accounting for 99.9%…
Payments startup SumUp bags €285M amid fintech funding plunge
2023 has been a tough funding year for European fintech startups, with raised capital dropping 70% drop in H1 compared to the same period in 2022. But against this backdrop,…
Europe’s battle against the rising media power of Silicon Valley
It’s a question as old as the tech industry itself: can Europe compete with Silicon Valley? This reared up again in my mind for two main reasons. The first is…
Nokia sues Amazon, HP over video patent infringement
Nokia has taken legal action against Amazon and HP over their alleged “unauthorised use” of the company’s video streaming-related technologies. In a blogpost, Nokia’s Chief Licencing Officer Arvin Patel alleged…
Amazon to launch ‘sovereign’ European cloud amid data privacy concerns
Amazon has announced the launch of independent cloud services for Europe, in what seems to be an attempt to allay fears over EU data sovereignty. The tech giant will be…
Google to pay €3.2M yearly fee to German news publishers
Google has agreed to pay German publishers €3.2mn per year for publishing their content on its News search engine. The compensation is part of an interim agreement between the tech…
UK investigates Amazon, Microsoft cloud services over market dominance concerns
The UK’s competition watchdog (CMA) has opened an investigation into Amazon’s and Microsoft’s cloud services after concerns over their dominant position in the market. The move follows a study by…
JPMorgan’s Chase UK bans crypto transactions amid surge in scams
JPMorgan’s digital bank Chase will restrict all cryptocurrency-related transactions for its customers in the UK, as lenders step up measures to tackle fraud on their networks. Starting 16 October, customers…
EU blocks Booking’s €1.6B takeover of online travel agency Etraveli
The EU Commission has blocked Booking’s €1.6bn takeover of Swedish online travel agency Etraveli, citing competition concerns. “Booking’s acquisition of Etraveli would strengthen Booking’s dominant position in the online travel…
European fintech funding drops 70% in first half of 2023
Fintech funding in Europe has been greatly affected by the challenging economic environment, the latest report by Finch Capital has found. Specifically, startups in the sector raised a total of…
EU’s new digital market rules target Meta, Google, 4 more tech giants
The European Commission has named today six tech giants whose market power it aims to control through its Digital Markets Act (DMA) — a landmark pro-competition regulation, designed to ensure…