February 20, 2024 @ 9:37 am By Omar Faridi  |  

Monite‘s seed funding has reached $16 million in order to support US expansion efforts. Monite confirmed that they’ve added additional ($6M) funding to their seed round, thanks to Valar Ventures and Third Prime, bringing their total to $16M. This top-up supports their European leadership “in… Read More

 Tagged Andrey Korchak, europe, fintech adoption, monite

February 20, 2024 @ 8:10 am By Omar Faridi  |  

Capital One Financial Corporation (NYSE: COF) and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. The transaction brings together two companies “with track records of delivering… Read More

 Tagged acquisition, capital one, capital one financial corporation, discover, discover financial services

February 20, 2024 @ 7:54 am By Omar Faridi  |  

BNP Paribas (EPA: BNP), Europe’s global bank, and its Prime Services business published its annual 2024 Alternative Investment Survey. BNP Paribas’ Capital Introduction Group “surveyed 238 allocators in December 2023 and January 2024, who invest or advise on $1.2 trillion in hedge fund assets.” This… Read More

 Tagged alternative investments, ashley wilson, banking, bnp paribas, europe, france, marlin naidoo, research

February 20, 2024 @ 7:37 am By Omar Faridi  |  

Temenos AG (SWX:TEMN) says it will pursue an independent examination of the claims of financial irregularities raised by Hindenburg Research in a report shared this past week. Bloomberg reported that the review is expected to take less than 5 months. Temenos did not share who… Read More

 Tagged hindenburg research, switzerland, temenos

February 20, 2024 @ 7:25 am By Omar Faridi  |  

PostFinance is launching a new crypto service for Switzerland. PostFinance is a financial service firm that serves over 2.5 million customers in Switzerland. It aims to assist smaller firms in their transition to digital finance including banking, payments, money management and more. PostFinance claims that… Read More

 Tagged Crypto Adoption, digital assets, dr alexander thoma, europe, philipp merkt, postfinance, switzerland

February 19, 2024 @ 6:40 pm By JD Alois  |  

Bryan Zhang, the co-founder and Executive Director of the Cambridge Centre for Alternative Finance (CCAF), has been appointed to the Board of the UK Financial Conduct Authority (FCA). Zhang commenced his initial three-year term as a non-executive Director today (February 19, 2024). The FCA is… Read More

 Tagged ashley alder, bim afolami, bryan zhang, cambridge centre for alternative finance, ccaf, fca, financial conduct authority, uk, united kingdom

February 19, 2024 @ 11:48 am By Omar Faridi  |  

The latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, highlighted that ongoing uncertainty around the economic outlook continued to impact hiring decisions at the start of the year. Permanent placements fell at “a sharp and accelerated pace, while the downturn… Read More

 Tagged europe, jon holt, kpmg, neil carberry, rec, research, uk, united kingdom

February 19, 2024 @ 11:46 am By Omar Faridi  |  

Fintech firm Deel is pleased to launch the new Adjustments API for Global Payroll and EOR, making your payroll processing experience faster and more accurate. Deel explains that the API lets you automatically “sync expenses, bonuses, and allowances data directly onto Deel, so you’ll only… Read More

 Tagged apis, deel, financial services, fintech adoption, payroll, payroll processing, product updat, remote working, user experience, ux

February 19, 2024 @ 10:20 am By Omar Faridi  |  

From submitting expenses and defining approval workflows to automated reconciliation and employee reimbursements, your spend management operations likely “include many people and processes, and they need a solution that can address your financial needs,” the team at Payhawk notes. Payhawk wrote in a blog post… Read More

 Tagged carolina einarsson, europe, expense management, fintech adoption, payhawk

February 19, 2024 @ 10:01 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on payments markets, has found that savings from the adoption of payment automation systems will “allow reinvestment in revenue-generating activities; driving an 18% growth in UK B2B payments by 2028, from 8.7 billion in 2024.” Automation of… Read More

 Tagged b2b, europe, juniper, juniper research, payments, research, savings, uk, united kingdom