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Europe should reduce its reliance on US payment systems as the prospect of a Trump presidency increases risks around the critical infrastructure’s resilience, the chief executive of Stripe-backed UK tech group TrueLayer has warned.
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“Maybe [the US election] is an election that will take us a little bit into a different world,” said Simoneschi, who heads the London-based open banking company. The TrueLayer chief added that one risk would be a shift away from the “integration that has been happening between UK and Europe and the US” in the past 50 years.
https://www.ft.com/content/6ddfe546-0b90-4400-84af-66ee9c9d67b6
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