Tagged: austria

Wirecard Expands boon With Apple Pay Support to Austria

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it brings Austrian customers Apple Pay through its payment app boon. The platform stated: “With the integration of Apple Pay, Wirecard is delivering on its strategy of consequently driving forward the digitization of… Read More

Austria Fintech Bitpanda Receives Payment Service Provider License From Austrian Financial Market Authority

Vienna-based fintech Bitpanda announced on Thursday it received a payment service provider license issued by the Austrian financial market authority (FMA) in accordance with European law (PSD2). Founded in 2014, Bitpanda claims to be Europe’s leading retail broker for buying and selling Bitcoin, Ethereum, IOTA… Read More

SEC Charges Founder of Payment Fintech Jumio with Fraud. Former CEO, Daniel Mattes Pays $17 Million Settlement

The Securities and Exchange Commission (SEC) has charged the founder and former chief executive mobile payment Fintech Jumio with defrauding investors. The former CEO of Jumio, Daniel Mattes, has agreed to pay more than $17 million to settle the charges. Mattes is also a “business… Read More

Big News: Finnest and Invesdor Merge to Combine Debt and Equity Operations in Europe

Finnest, an Austria based Fintech that provides debt capital to small and medium-sized firms, has announced a planned merger with Finland based Invesdor Oy. The newly formed company will see the combination of a leading Nordic equity crowdfunding platform and a top online lender serving… Read More

CFTC Slams Offshore Crypto Trading Platform 1pool Ltd and CEO with $990,000 Penalty for Bitcoin Transactions

The Commodity Futures Trading Commission (CFTC) has hit Marshall Islands-registered 1pool Ltd and its CEO and owner Patrick Brunner with a $990,000 penalty for illegally offering retail commodity transactions that were margined in Bitcoin. Additionally, the CFTC sited the failure of the company to register… Read More

1Broker Settles SEC/CFTC Case “Without Admitting or Denying Factual Allegations”

1Broker, a Marshall Islands-registered company with a CEO based in Austria, has announced it has settled lawsuits filed against it by the US Securities regulators, the SEC and CFTC: “We are pleased to let you know that we settled the two lawsuits without admitting or… Read More

European Crowdfunding Service Provider Regime Eagerly Awaited in Europe

The European Parliament Elections are looming in May – and so far, there is no progress in sight regarding the European Crowdfunding Service Provider Regime. It remains unclear whether the Romanian Finance Minister TEODOROVICI will make the conclusion of the negotiation process a priority. The… Read More

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

Crowd Investing: Finnest Funds Falkensteiner Hotels with Record Making €8.5 Million

Falkensteiner Hotels & Resorts and Finnest have closed on an €8.5 million funding round – one of the largest ever for a crowd finance platform. Finnest GmbH, headquartered in Vienna, Austria, is a Fintech providing crowdfunding services in the DACH region as well as Slovakia and Croatia…. Read More

Austria to Be First European Country to Issue Government Bond on Blockchain

On Tuesday (2 October 2018), Austria will become the first European country to issue a government bond using blockchain technology. The Austrian government is auctioning off €1.15 billion in Bonds using Ethereum to manage the security issuance.  The issuance will be handled by the Oesterreichische Kontrollbank (OeKB)… Read More

SEC & CFTC Join in Charging Austria Based Dealer Using Bitcoin for Swaps for Violating US Law

The Securities and Exchange Commission (SEC) announced an enforcement action today against an Austria based international securities dealer with providing securities swaps funded by Bitcoin. The SEC charges Patrick Brunner, CEO of 1pool Ltd. a/k/a 1Broker – registered in the Marshall Islands, with violations of US… Read More

Investment Crowdfunding Platform Conda Claims First Security Token in Austria

Paul Pöltner

Austria based investment crowdfunding platform Conda has claimed to have completed the “first digitalization of shares of an Austrian stock corporation.” Conda says it has linked the registered shares issued by Conda AG with digital tokens and transferred these shares to the existing shareholders of… Read More

European Financial Ministers: ICOs Can Be a Valuable Tool for Access to Funding but No Rules Yet

Federal Minister Löger

At the meeting of EU financial ministers in Vienna last week, Austria’s Minister of Finance Hartwig Löger said that Europe is working on rules and regulations for crypto assets to support the development of the sector. The meeting included all of the economic and financial affairs… Read More

UK Fintech Mission to Austria & Switzerland Now Accepting Applications

The UK government is organizing its next Fintech Mission – this time to Austria and Switzerland – scheduled to take place the 23-24 of January 2019. Following along the lines of previous Fintech Missions, DIT will be arranging meetings between aspiring Fintechs and banks, VCs,… Read More

EY Partners With the City of Vienna on Public Blockchain Networks

EY recently announced it has teamed up with the City of Vienna on public blockchains in order to validate and secure the city’s Open Government Data (OGD). According to EY, the OGD includes data such as public transport routes, train schedules, and surrounding communities’ voting… Read More

Austria Slams Brakes on Crypto Miner INVIA GmbH

The Financial Market Authority (FMA) in Austria is seeking to shut down cryptocurrency miner INVIA GmbH based in Vienna. According to a note published on the FMA site, the regulator has prohibited the business model of the company on the grounds of “the suspicion of… Read More

Finnest Expands Online Financing to Larger Corporations, Adds Institutional Investors

Debt based crowdinvesting platform Finnest is expanding its offering to large corporates and institutional investors. Finnest is an interesting online lender operating in the DACH countries. The peer to peer platform was launched to provide SME funding supported by individual investors but the company is… Read More

UK Fintech Trade Mission Takes Place this Week in Vienna & Switzerland

  Switzerland and Austria will host their annual UK Fintech Mission. This is the third UK Fintech Mission to Switzerland which, because of its past success, this year encompasses both the Austrian and Swiss markets.  The UK Fintech trade mission will take place in Vienna and… Read More

Same Day Financing for Austrian SMEs to be Provided by Spotcap and BAWAG

BAWAG Group and Berlin based Fintech Spotcap have formed a strategic partnership to give Austrian small and medium-sized enterprises (SMEs) access to same-day financing. The partnership is said to be the first time Spotcap will offer its lending platform and proprietary analytics to a bank and marks… Read More

Premium Hotel Group in Austria Leverages Alternative Finance with Finnest

Premium hotel group Falkensteiner Hotels & Residences is using an alternative finance platform to raise capital as part of an expansion plan. The Austrian company has listed an investment offer on Finnest.com to allow its guests to become investors. The award-winning hotel group operates 32… Read More

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