Tagged: EU

June 6, 2024 @ 10:23 am By JD Alois  |  

While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More

June 4, 2024 @ 9:51 am By JD Alois  |  

Bitpanda, a European Fintech company that specializes in crypto, has announced a partnership with Deutsche Bank regarding payments. Bitpanda states that Deutsche Bank will provide real-time payment services for its users. Deutsche Bank will also provide local IBAN numbers for deposits for German Bitpanda users. This… Read More

June 4, 2024 @ 7:12 am By Omar Faridi  |  

UK’s digital bank Monzo has released its 2024 financial results. Monzo announced its first full-year pre-tax profit. The Fintech firm also revealed that it’s currently in the early phases of expanding into the wider European markets through a new division in Ireland. The update from… Read More

June 3, 2024 @ 8:52 am By Omar Faridi  |  

The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

May 20, 2024 @ 11:45 pm By Omar Faridi  |  

Talos, the provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network… Read More

May 14, 2024 @ 1:13 pm By JD Alois  |  

Stating they are one of the very few VC firms that are truly global, Accel is reporting that it is raising a $650 million fund to support early-stage ventures in Europe and Israel. Accel opened its London office in 2000 as one of the first… Read More

May 14, 2024 @ 8:52 am By Omar Faridi  |  

Crypto.com, the digital assets firm which claims to be focused on ensuring regulatory compliance, security and privacy, is now a member of Adan, an association bringing together professionals in the digital asset and blockchain sector throughout France and Europe. Eric Anziani, President and COO of… Read More

May 9, 2024 @ 9:44 am By JD Alois  |  

European crowdfunding leaders will meet this month to discuss the implementation of European Crowdfunding Service Provider regulation (ECSPR) and the Key Investment Information Sheet (KIIS) – a requirement for issuers raising money under the rules. The European Working Group will be meeting for the 2nd… Read More

April 26, 2024 @ 11:39 am By JD Alois  |  

As CI has covered in the past couple of years, the European Union created harmonized rules designed to improve online capital formation under ECSPR, or European Crowdfunding Service Provider Regulation. Advocates, like EuroCrowd, have lobbied the EU for years to advance the common-sense approach of… Read More

April 22, 2024 @ 11:00 am By JD Alois  |  

The former PM of Italy, Enrico Letta, has released a report on how to improve the EU single market. The 147-page document, called “Much More Than a Market,” is a “call to action” to improve upon the single market and monetary union. Letta states that… Read More

April 7, 2024 @ 9:12 am By Omar Faridi  |  

As the financial industry grapples with serving an increasingly mobile and digital-first customer base, neobanks are stepping up to fill the gaps left by legacy institutions. Raman Korneu, CEO and Co-founder of myTU, shares his insights on how cloud-native technology and AI can drive a… Read More

March 27, 2024 @ 4:08 pm By JD Alois  |  

At the beginning of 2022, only 11% of all Euro credit transfers in the EU were instant, and the European Commission wants to fix this and make them all instant.  The Single Euro Payments Regulation (SEPA) aims to enable both institutions and consumers to benefit… Read More

March 16, 2024 @ 2:57 pm By Omar Faridi  |  

‍L’Atout has reportedly finalized a €2M pre-seed round to launch a platform to enhance employee benefits. L’Atout confirmed raising €2M via an investment round that includes contributions from the Paris Region Venture Fund, the seed capital fund of the Paris Region managed by Karista, and… Read More

March 12, 2024 @ 3:45 pm By Omar Faridi  |  

Nexi and Mastercard (NYSE: MA) have teamed up to advance Open Banking Payments Across Europe. Mastercard’s open banking technology to “enable more choice and power seamless, secure digital payments across Europe in partnership with Nexi.” Nexi has chosen Mastercard as its strategic partner “across Europe… Read More

March 5, 2024 @ 8:57 am By Omar Faridi  |  

Eric Demuth, CEO at Bitpanda, reveals that they’re launching LeadBlock Bitpanda Ventures (focused on Venture Capital and Private Equity Principals). When the team first created Bitpanda, there wasn’t much help available to them. There also wasn’t enough funding and there wasn’t expertise they could draw… Read More

March 4, 2024 @ 11:12 pm By JD Alois  |  

EuroCrowd, the pan-European assocation that represents investment crowdfunding platforms across the continent, has announced a partnership with InnovUP,  or the Italian Innovation & Startup Ecosystem association. According to a note from EuroCrowd, the partnership means that EuroCrowd will help represent Italian platforms. This is said… Read More

February 29, 2024 @ 9:33 pm By Omar Faridi  |  

Yapily, a provider of open banking solutions, is announcing its partnership with Uncapped, a Fintech providing working capital funding to scaling brands, retailers, and merchants across the UK, EU, and US. This collaboration significantly bolsters progress in “the financial lending sector and democratises access to… Read More

February 27, 2024 @ 8:02 am By Omar Faridi  |  

The European Council reportedly adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will… Read More

February 22, 2024 @ 3:13 pm By JD Alois  |  

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More