Europe and Middle East Cloud Services Trends
Europe and Middle East Cloud Services Trends
Cloud Service trend intelligence tracks cloud computing market trends, AI infrastructure demand, hybrid cloud adoption, edge deployment, platform competition, and data centre capacity pressure in Europe and the Middle East, giving readers a fuller view of the demand shifts, capacity constraints, platform strategies, capital timing, regulatory pressure, and operating assumptions behind the market.
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Europe and Middle East Cloud Services Trends
Mastercard reaches $250m settlement in UK overcharging lawsuit
What happened: Mastercard settles UK fee overcharging lawsuit Mastercard has reached a settlement agreement in principle to resolve a groundbreaking legal claim brought on behalf of approximately 46 million UK consumers. The consumers alleged that the payments company imposed…
Europe and Middle East Cloud Services Trends
Norway to join Eurosystem’s Instant Payment network by 2028
What happened: Instant payment service Norway has agreed to add the krone to the Eurosystem’s Target Instant Payment Settlement (TIPS) service, with plans for inclusion in the first half of 2028. This follows the addition of the Swedish krona and Danish krone, expected next year.…
Europe and Middle East Cloud Services Trends
Viasat pioneers direct-to-device satellite messaging in Saudi Arabia
What happened In a technological first for Saudi Arabia, Viasat demonstrated its direct-to-device (D2D) satellite messaging system, marking a step forward in satellite connectivity. The showcase took place during the “Connecting the World from the Skies” event hosted by Saudi…
Europe and Middle East Cloud Services Trends
KPMG UK and FinTech Scotland unite for fintech growth
What happened KPMG UK has joined FinTech Scotland, the cluster management organization for fintech in Scotland, to work closely on fostering innovation, accelerating growth, and driving technology adoption within the Scottish financial technology sector. This commitment by KPMG…
Europe and Middle East Cloud Services Trends
Chinese ship accused of Baltic undersea cable sabotage
What happened A Chinese commercial ship, Yi Peng 3, is under scrutiny for allegedly cutting two undersea data cables in the Baltic Sea. Investigators believe the ship intentionally dragged its anchor, causing extensive damage to internet links between Sweden, Lithuania, Finland…
Europe and Middle East Cloud Services Trends
UK invests $4.34M in satellite comms for remote areas
What happened To boost the trend in the satellite telecommunications industry, the UK Space Agency announced a funding package of up to £3.5 million($4.34 million) on November 27. This will be used to test innovative hybrid connectivity solutions in some very difficult to reach…
Europe and Middle East Cloud Services Trends
Equinix powers Italian data centers with 53 MW solar deal
What happened Equinix has signed a 10-year virtual power purchase agreement (VPPA) with Neoen, a renewable energy company, to secure 53 MW of solar power for its data centers in Milan and Genoa, Italy. This deal marks a key step in Equinix’s global push for 100% renewable energy…
Europe and Middle East Cloud Services Trends
Future Radio Exhibition – 2nd Edition: #FutureRadioNow
What happened Future Radio Exhibition (2nd Edition) will take place on 2–3 December 2024 at the Jeanne Hersch space in the International Conference Centre Geneva (CICG), Switzerland. It runs alongside the World Radiocommunication Seminar 2024 (WRS-24), which hosts Plenary…
Europe and Middle East Cloud Services Trends
Klarna sets sights on Kraków: Hires 100 engineers for growth
What happened Klarna, the AI-powered global payment network and shopping assistant, announced the launch of its new technology center in Warsaw on November 25. Klarna is now aiming to hire over 100 engineers by 2025 in Poland. This offer Polish talent the opportunity to…
Europe and Middle East Cloud Services Trends
Mastercard and Fundbot partner for streamlined B2B payments
What happened Mastercard, a leading global payment solutions provider, and Fundbot, a UAE-based FinTech specializing in supply chain financing, have announced a partnership aimed at accelerating B2B payment flows across various industries in the UAE and Saudi Arabia. This…
Europe and Middle East Cloud Services Trends
Riksbank expands instant payment services with new RIX-INST update
What happened Sweden’s Sveriges Riksbank has expanded its RIX-INST payment system to support more types of instant payments, which were previously limited to Swish transactions. The system now enables faster payments across various platforms, cutting down the time it takes for…
Europe and Middle East Cloud Services Trends
Tensions surge as Baltic cables severed near Sweden
What happened Two undersea cables carrying internet data deep in the Baltic Sea have been damaged, European telecommunications companies have said, drawing warnings from European governments of possible Russian “hybrid warfare” targeting global communications infrastructure. The…
Europe and Middle East Cloud Services Trends
Cashflows partners with Raimac to offer programmable payments
What happened Cashflows, a leading payment platform in the UK, has announced its partnership with Raimac Financial Technology to bring programmable payments to businesses. This collaboration positions Cashflows as one of the first in the region to adopt Raimac’s advanced payment…
Europe and Middle East Cloud Services Trends
Cardstream appoints Gurinder Sumra as new CFO to drive growth
What happened Cardstream, a leading UK-based payment technology provider, has appointed Gurinder Sumra as its Chief Financial Officer (CFO). Sumra brings over two decades of fintech and payments industry experience, having held leadership roles at major organizations such as…
Europe and Middle East Cloud Services Trends
Top tech news today: November 21, 2024
1. UK paytech Cardstream names Gurinder Sumra as new CFO Cardstream, a UK-based paytech company, has appointed Gurinder Sumra as its new CFO to lead its financial strategies and growth initiatives. Fintech Futures Trump the Crypto Advocate: Analysing Trump’s Cryptocurrency…
Europe and Middle East Cloud Services Trends
Revolut reaches 50M users, eyes expansion to 100M
Revolut has achieved a remarkable milestone: it now serves over 50 million customers globally, with a significant portion of them (10 million) based in the UK. This achievement sets the stage for the company’s ambitious growth plans, as it targets 100 million customers in the…
Europe and Middle East Cloud Services Trends
Xapo Bank unveils Bitcoin inheritance to facilitate digital asset succession
What happened Xapo Bank has rolled out a Bitcoin inheritance solution in the UK, allowing its members to designate beneficiaries for their digital assets. With this new feature, Xapo Bank customers can set up a beneficiary who will inherit their Bitcoin holdings in the event of…
Europe and Middle East Cloud Services Trends
19th Internet Governance Forum in Riyadh: A hybrid event for global dialogue
What happened The 19th Internet Governance Forum (IGF) will take place in Riyadh, Saudi Arabia, from 15 to 19 December 2024. This year’s event features a hybrid format, allowing in-person and online participation. This year’s hybrid format aims to enhance accessibility and…
Europe and Middle East Cloud Services Trends
Top tech news today: November 19, 2024
1. Xapo Bank enables Bitcoin inheritance in UK Xapo Bank launches a Bitcoin beneficiary solution in the UK, allowing seamless inheritance management for crypto assets. The Fintech Times Trump, the crypto advocate: Analysing Trump cryptocurrency policies 2. NatWest upgrades…
Europe and Middle East Cloud Services Trends
New API lab drives telecom collaboration in Spain
____________ What happened Telecom operators and i2CAT have launched a Spanish network API lab to speed up the adoption of open, interoperable APIs. The lab will focus on creating use cases, testing APIs, and deploying testbeds to ensure cross-network functionality. Researchers…