Global

September 26, 2024 @ 7:53 am By Omar Faridi  |  

The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced in Milano “by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.” Nexi will… Read More

September 25, 2024 @ 7:56 pm By JD Alois  |  

Global online investment platform OurCrowd has appointed a new Chief Operating Officer. Yuval Illuz previously worked at Standard Chartered Bank where he focused on innovation and disruptive technologies, according to Calcalistech. Jon Medved, founder and CEO of OurCrowd, commented on the new hire: We are… Read More

September 25, 2024 @ 7:29 pm By Omar Faridi  |  

The Reserve Bank of Australia (RBA) and Treasury released a report this past week summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out… Read More

September 25, 2024 @ 7:27 pm By Omar Faridi  |  

Priority, the payments and banking Fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform. Passport integrates payments, treasury, and banking services “on a scalable, native platform…. Read More

September 25, 2024 @ 7:24 pm By Omar Faridi  |  

The Capchase SaaS Benchmark Report for 2024 has been released. Capchase notes in a new blog post that its third annual SaaS Benchmark Report is officially live. Last year’s report used data from 900 B2B SaaS companies “to define what success looks like in a… Read More

September 25, 2024 @ 12:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market. The study will be launched later in 2024/25. Pure protection products are designed “to… Read More

September 25, 2024 @ 10:45 am By JD Alois  |  

Darren Westlake, co-founder and former CEO of Crowdcube, has topped £150,000 in a funding round listed on the platform he launched. Westlake is steering clear of financial services, though, as his new startup is music-based. Crowdcube is one of the largest investment crowdfunding platforms in… Read More

September 25, 2024 @ 7:44 am By Tony Zerucha  |  

Viva.com, a European payments Fintech, has expanded its strategic partnership with Alipay+, a suite of cross-border mobile payments and digitalization technology solutions, to enable European merchants to accept direct payments from 15 e-wallets. Alipay+ and Viva.com partnership allows global tourists, mostly from Asia, to pay in… Read More

September 25, 2024 @ 7:39 am By Omar Faridi  |  

Kaspersky‘s latest analysis of the 25 most prevalent web tracking services, including Google services, New Relic, Microsoft, revealed over 38 billion instances of web trackers collecting user behavior data in 2024, with an average of one million detections per each day. Web tracking involves collecting,… Read More

September 25, 2024 @ 7:37 am By Omar Faridi  |  

Mambu, a cloud banking platform, and newly launched mortgage lender, Interbridge Mortgages, have announced a strategic partnership helping Interbridge Mortgages launch a second-charge product in just nine months and facilitating their entry to the UK mortgage market. Interbridge Mortgages’ launch in early 2024 is set… Read More

September 25, 2024 @ 7:26 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, is expanding its capacity to underwrite businesses with an annual revenue of up to $1 billion, it was announced recently. With capacity from of global specialty (re)insurance provider Chaucer Group,… Read More

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

Lithuanian national development institution ILTE started investing in agricultural loans on HeavyFinance. It is planned to reach 2 million Eur of investments by the end of the year. Investments in loans are being “made under the Aviete Crowdfunding Loans facility.” ILTE will invest up to… Read More

September 25, 2024 @ 7:18 am By Omar Faridi  |  

Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already. Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now… Read More

September 25, 2024 @ 7:14 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, is working with global small business platform Xero, to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers, offering Klarna’s alternatives to traditional credit “means they can get… Read More

September 25, 2024 @ 6:58 am By Omar Faridi  |  

One year after launch, after growing faster than the founders initially expected, Jet HR – the startup founded by Marco Ogliengo and Francesco Scalambrino to eliminate the bureaucracy surrounding payroll, HR and generally running a company in Italy – attracts a seed round of €12… Read More

September 25, 2024 @ 6:55 am By Omar Faridi  |  

Robinhood Markets (Nasdaq: HOOD) has been promoting “rock-bottom” or highly competitive fees for options trading. but then come the hidden costs, according to a report from the WSJ. Clients using the Robinhood platform are reportedly dealing with considerably higher transaction costs than those of other… Read More

September 25, 2024 @ 6:53 am By Omar Faridi  |  

Circle has recently announced the initial availability of a completely new suite of product, which is being referred to as Compliance Engine, and it is described by the stablecoin issuer as a new service that aims to “help companies build onchain while meeting rigorous demands… Read More

September 24, 2024 @ 5:52 pm By JD Alois  |  

Digital bank bunq has launched stock trading. Based in the Netherlands, bunq holds a full banking license and regulated by the Dutch Central Bank. While announcing trading, bunq is now reporting over 14.5 million users. According to a company statement, bunq is currently providing a curated… Read More

September 24, 2024 @ 1:14 pm By Omar Faridi  |  

Polytrade, which claims to be a leader in RWA tokenization, announces its strategic partnership with Anotherblock, a platform focused on facilitating the buying and selling of fractionalized music rights through NFTs. This partnership sees Polytrade assume responsibility “for royalty distribution, further positions the business at… Read More

September 24, 2024 @ 1:04 pm By Omar Faridi  |  

Melio, an accounts payable and receivable platform, today announced multiple new features for small and medium-sized businesses and accountants to automate processes, boost control of payments, and improve cash flow management. These features enable accountants, bookkeepers, and financial advisors “to improve clients’ cash flow with… Read More