News and analysis about European digital sovereignty from the perspective of payment infrastructure and the banking sector.
UK banks face cybersecurity risks due to restricted access to Anthropic’s AI model Mythos, a government-appointed adviser warns. The issue highlights the need for Britain to develop domestic AI capabilities and reduce reliance on US technology, Reuters reports. (REUTERS) UK banks face cybersecurity risks amid restricted access to
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The European Parliament has moved forward with negotiations on the digital euro, aiming to reduce reliance on US-dominated payment systems such as Visa, Mastercard, Apple Pay and Google Pay. The initiative seeks to enhance the EU's strategic autonomy in financial infrastructure, with trilogue talks expected to begin
Greece's IRIS Payments, operated by DIAS S.A. under Bank of Greece oversight, has achieved universal domestic instant payment acceptance (first in Europe) and now connects to EuroPA, the pan-European network expanding to 18 countries and 176 million users by year-end. EuroPA was founded in December
Spain's Bizum Pay entered physical shops on 18 May 2026, letting users pay by phone directly from their bank account. The service uses NFC technology to transfer money directly to merchants via instant transfer, bypassing foreign intermediaries. Spain’s Bizum heads to the high street to take on
