Global

July 23, 2020 @ 9:36 am By JD Alois  |  

Flowe has announced the selection of SIA to provide digital banking services including e-money, payments, current accounts, loans and savings management. Flowe is part of the Mediolanum Group, an Italian e-money institution. SIA is a European hi-tech company in the payment services and infrastructures sector… Read More

July 23, 2020 @ 9:00 am By Samantha Hurst  |  

  Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Thursday it is strengthening its commitment to Corporate Social Responsibility and has joined corporate sustainability initiative, the United Nations Global Compact Allfunds reported that it has been producing a CSR report in accordance with the Global Reporting… Read More

July 23, 2020 @ 8:33 am By JD Alois  |  

Real estate investment marketplace zinsbaustein.de has listed the largest ever project on the platform. The offering is for the Cube River 342 in Düsseldorf, Germany that is seeking €4.3 million. This is the fourth offering from the developer Cube Real Estate GmbH. Investors may invest… Read More

July 23, 2020 @ 8:17 am By JD Alois  |  

  Payment Fintech Lemonway has been enlisted by EstateGuru to facilitate its expansion across Europe. EstateGuru is a marketplace matching property-backed loans with individual investors. EstateGuru is working on “developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond.”… Read More

July 23, 2020 @ 7:53 am By Omar Faridi  |  

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, will be acquiring a minority stake in Form3, a cloud-powered payments technology provider. The acquisition is part of Lloyds’ plans to upgrade its legacy payments… Read More

July 23, 2020 @ 7:51 am By Omar Faridi  |  

Munich-based Scalable Capital, a company that has developed a platform to monitor and manage investment portfolios, has secured €50 million in capital through a Series D investment round led by Barclays Bank. Scalable Capital, which offers a digital wealth management platform, also received investments from… Read More

July 23, 2020 @ 1:44 am By Omar Faridi  |  

Switzerland’s Smart Valor, a company that operates a European crypto-asset trading platform, has revealed that it plans to add support for Kyber Network Crystal (KNC) staking, which will give Kyber Network members the chance to stake their KNC tokens on KyberDAO. Kyber Network is an… Read More

July 22, 2020 @ 11:44 pm By Omar Faridi  |  

Fintech lender and digital bank Zopa has reportedly partnered with UK-based Paylink Solutions, a software developer that provides solutions for the lending and mortgage industries. Zopa, which was recently awarded a full bank license, confirmed that it would be using Paylink’s cloud-powered online income and… Read More

July 22, 2020 @ 11:34 pm By Omar Faridi  |  

VTB Bank, a leading Russian universal bank with over $6 billion in annual revenue, has introduced a “robot factory.” The bank, which has more than 77,000 workers, says it’s planning to introduce 250 “digital employees” off the production line in the coming years. VTB Bank’s… Read More

July 22, 2020 @ 2:22 pm By JD Alois  |  

The odyssey of the collapse of Wirecard (WDI:DE) continues to generate headlines as investigators sort through the rubble of the once prominent Fintech. The news has been flowing at a steady pace as pieces of the puzzle are added to Wirecard’s saga as authorities seek… Read More

July 22, 2020 @ 10:01 am By JD Alois  |  

Property finance marketplace LendInvest has launched a new Structured Property Finance team to better serve borrowers and brokers in managing complex property finance deals. According to a note from LendInvest, the new team will be headed up by Tom Madden, Sales Director who will work… Read More

July 21, 2020 @ 9:57 pm By Omar Faridi  |  

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More

July 21, 2020 @ 9:39 pm By JD Alois  |  

PledgeMe, an investment crowdfunding platform operating in New Zealand, is reporting the first dividends paid from a crowdfunded securities offer. According to PledgeMe, Wellington-based payroll intermediary company, Thankyou Payroll, announced their first dividend payment at their AGM last night. “We understand that we’re not only… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 21, 2020 @ 3:40 pm By JD Alois  |  

Bitbond, a Fintech that facilitates the issuance of security tokens, has joined the German Banking Association (Bankenverband). The German Banking Association represents the interests of private banks in Germany. Bitbond was not the only non-traditional firm named as a new member as Hawk AI, a… Read More

July 21, 2020 @ 2:00 pm By JD Alois  |  

The 36H Group launched in January of 2020 as the unified voice for lending platforms that accept retail investments. 36H replaced the UK Peer to Peer Finance Association, a group that had long been a prominent advocate for the emerging P2P lending sector – a… Read More

July 21, 2020 @ 10:07 am By Samantha Hurst  |  

Western Union (NYSE: WU) announced on Tuesday it has joined forces with  TrueMoney, a financial services provider, to expand its services into the Philippines. Western Union reported that through the partnership, customers will initially be able to receive money at select TrueMoney locations and eventually… Read More

July 21, 2020 @ 9:39 am By JD Alois  |  

The Banque of France has announced its selection of firms that will take the next step regarding a Central Bank Digital Currency or CBDC. According to a release, following the examination of the applications received on 15 May in response to the Banque de France’s… Read More

July 21, 2020 @ 9:19 am By JD Alois  |  

The UK COVID-19 support programs continue to expand as the banking and finance industry has now approved £47.9 billion to over 1.1 million businesses via government-backed coronavirus lending schemes, HM Treasury reports today. Both traditional finance and Fintechs are supporting these programs. Specifically: Coronavirus Business… Read More

July 21, 2020 @ 8:38 am By JD Alois  |  

Germany based Open Banking platform Deposit Solutions says 1/5 of British consumers will consider switching savings accounts during the next 12 months. The historically low-interest rates provided by banks is obviously part of the reason consumers are more willing to consider change. Deposit Solutions is… Read More