Fintech and ecommerce – Página 2 – Product Influencer

Influencers have made social media a booming market for counterfeit goods, study finds

Corporates and innovation, Fintech and ecommerce, Government and policy, Insider, Investors and funding, Next Featured / Leon S

Social media influencers are facilitating the trade in counterfeit goods, according to new research by Portsmouth University. After analysing surveys of 2,000 people in the UK, the study team found around 22% of consumers who are active on social media have bought counterfeits endorsed by influencers. The researchers believe it’s the first-ever estimate of its […]

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European fintech players are bracing for market consolidation

Ecosystems, Europe, Fintech and ecommerce, Investors and funding, Next Featured / Leon S

When Monzo published its latest annual revenue figures in February, it provided a flicker of light after months of headlines about fintech down rounds and job cuts. The accounts showed that the UK digital bank was now profitable with a net operating income of £214.5 million (€249mn). The news will cheer up Monzo after seeing

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Microsoft’s Teams and Office bundling may breach EU competition rules

Fintech and ecommerce, Government and policy / Eric

On Thursday, the European Commission opened an antitrust investigation into Microsoft’s bundling of its Teams app with its Office suite, which includes Word, Excel, and Outlook. The EU is concerned that this practice may be in breach of the bloc’s competition rules. The investigation was prompted by a complaint filed in 2020 by Slack. The

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Can new advances in AI bring the ‘human touch’ chatbots are sorely missing?

Corporates and innovation, Fintech and ecommerce, Future of Work, Startups and technology / Eric

When chatbots first became commercially accessible, companies big and small embraced them with open arms. “Have a robot handle easy customer service questions in seconds? Amazing!” — we thought. The problem was, these early chatbots were less C-3PO and more an annoying barrier to an actual human. From being asked: “Can you repeat the question”

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Italy’s largest investment bank pledges to back UK fintech startups

Ecosystems, Fintech and ecommerce, Investors and funding, UK / Eric

London-based startup accelerator Founders Factory has gained a new partner in the form of Mediobanca. The Milan-based investment bank is looking to increase its presence in the UK, and has pledged €12mn to the joint venture. Specifically, Mediobanca will be looking to back as many as 35 fintech startups that focus on technologies such as

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Getir sells off equipment, scrambles for funding amid financial woes

Ecosystems, Fintech and ecommerce, Startups and technology / Eric

Getir’s woes are dragging on in Europe, raising concerns over the grocery delivery platform’s future in the region. On Wednesday, the Turkish-owned company started auctioning off parts of its equipment, as it closes down a number of its dark stores in the UK. The bidding closed on Thursday morning. The items, listed on the website

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UK extends deadline for Microsoft-Activision $69B merger

Deep tech, Fintech and ecommerce, Government and policy / Leon S

The UK’s Competition and Market Authority (CMA) is extending the deadline for its review of the Microsoft-Activion $69bn merger, in the latest twist of a complex regulatory saga. The cut off date has been moved from July 18 to August 29. “The Inquiry Group has decided to extend [the period] by six weeks… as it

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Lithuania launches Europe’s first driverless delivery robots on public roads

Fintech and ecommerce, Startups and technology / Eric

Last week, Vilnius became the first European city to introduce a small fleet of autonomous delivery robots on public roads. Developed by Estonia-based startup Clevon and in collaboration with Lithuanian delivery platform LastMile, three driverless robots are now bringing groceries to shoppers’ doors in the capital’s city centre. Credit: Clevon The robots pick up the goods

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Grocery delivery app Getir exits Spain, after bidding adieu to France

Fintech and ecommerce, Startups and technology / Eric

Following its upcoming exit from France, quick commerce startup Getir is losing yet another European market: Spain. According to Spanish trade union CCOO, Getir failed to raise sufficient capital in a recent funding round. As a result, it will cease operations in the country and lay off its entire workforce of 1,560 employees. “We condemn

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Digital euro framework seeks to quell privacy concerns

Corporates and innovation, Fintech and ecommerce, Government and policy, Investors and funding, Startups and technology / Eric

The digital euro is edging closer to reality, despite concerns over the project’s privacy risks and functionality. The European Commission on Wednesday proposed a legal framework for the electronic currency. Under the draft legislation, digital euros would be accepted for transactions anywhere in the eurozone, but cash would remain safeguarded as a form of payment.

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The next trip you book online could be planned with ChatGPT

Deep tech, Fintech and ecommerce, Startups and technology / Leon S

AI’s use in travel apps is nothing new — just think about the destination or hotel recommendations you get when booking a trip. But recent advances in generative AI are further shaking the sector. Booking.com is the latest major travel agent to test the potential of the tech. Starting on June 28, the company is

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Rapid delivery giant Getir quits France, citing regulation hurdles

Fintech and ecommerce, Startups and technology / Leon S

Story by Ioanna Lykiardopoulou Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili (show all) Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI,

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